EX-12.1 3 p71428exv12w1.htm EX-12.1 exv12w1
 

Exhibit 12.1
AMKOR TECHNOLOGY, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In thousands, except ratio data)
                                                 
                                    Nine Months Ended  
    Year Ended December 31,   September 30,  
    2000     2001     2002     2003     2004     2005  
Earnings
  
Income (loss) before income taxes, equity in income (loss) of investees, minority interest and discontinued operations
  $ 173,154     $ (438,498 )   $ (564,309 )   $ (45,303 )   $ (21,438 )   $ (194,359 )
Interest expense
    127,027       138,629       143,441       138,775       145,897       120,945  
Amortization of debt issuance costs
    7,013       22,321       8,251       7,428       6,182       5,977  
Interest portion of rent
    4,567       7,282       4,995       5,463       5,928       5,558  
 
                                    
 
 
   $ 311,761     $ (270,266 )   $ (407,622 )   $ 106,363     $ 136,569     $ (61,879 )
 
                                    
Fixed Charges
  
Interest expense
  $ 127,027     $ 138,629     $ 143,441     $ 138,775     $ 145,897     $ 120,945  
Amortization of debt issuance costs
    7,013       22,321       8,251       7,428       6,182       5,977  
Interest portion of rent
    4,567       7,282       4,995       5,463       5,928       5,558  
 
                                    
 
 
   $ 138,607     $ 168,232     $ 156,687     $ 151,666     $ 158,007     $ 132,480  
 
                                    
 
Ratio of earnings to fixed charges
     2.2x       —x 1     —x 1     —x 1     —x 1     —x 1
 
                                    
 
1.   The ratio of earnings to fixed charges was less than 1:1 for the nine months ended September 30, 2005. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $194.4 million of earnings for the nine months ended September 30, 2005. The ratio of earnings to fixed charges was less than 1:1 for the year ended December 31, 2004. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $21.4 million of earnings for the year ended December 31, 2004. The ratio of earnings to fixed charges was less than 1:1 for the year ended December 31, 2003. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $45.3 million of earnings in the year ended December 31, 2003. The ratio of earnings to fixed charges was less than 1:1 for the year ended December 31, 2002. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $564.3 million of earnings in the year ended December 31, 2002. The ratio of earnings to fixed charges was less than 1:1 for the year ended December 31, 2001. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $438.5 million of earnings in the year ended December 31, 2001.

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