EX-12.1 2 p70758exv12w1.htm EX-12.1 exv12w1
 

Exhibit 12.1

AMKOR TECHNOLOGY, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In thousands except ratio data)

                                         
    Year Ended December 31,  
    2000     2001     2002     2003     2004  
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 )
 
                                        
Interest expense
    127,027       138,629       143,441       138,775       145,897  
 
                                        
Amortization of debt issuance costs
    7,013       22,321       8,251       7,428       6,182  
 
                                        
Interest portion of rent
    4,567       7,282       4,995       5,463       5,928  
 
                                        
Less (earnings) loss of affiliates
    —       —       —       —       —  
 
                              
 
                                        
 
   $ 311,761     $ (270,266 )   $ (407,622 )   $ 106,363     $ 136,569  
 
                              
 
                                        
Fixed Charges
                                        
Interest expense
  $ 127,027     $ 138,629     $ 143,441     $ 138,775     $ 145,897  
 
                                        
Amortization of debt issuance costs
    7,013       22,321       8,251       7,428       6,182  
 
                                        
Interest portion of rent
    4,567       7,282       4,995       5,463       5,928  
 
                              
 
                                        
 
   $ 138,607     $ 168,232     $ 156,687     $ 151,666     $ 158,007  
 
                              
 
                                        
Ratio of earnings to fixed charges
     2.2 x     — x1     — x1     — x1     — x1
 
                              

1   The ratio of earnings to fixed charges was less than 1:1 for 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 in 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.