EX-12.1 2 p70763exv12w1.htm EXHIBIT 12.1 exv12w1
 

Exhibit 12.1

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

                                                 
                                            Three months ended  
    Year Ended December 31,     March 31,  
    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 )   $ (118,894 )
 
                                                
Interest expense
    127,027       138,629       143,441       138,775       145,897       40,069  
 
                                                
Amortization of debt issuance costs
    7,013       22,321       8,251       7,428       6,182       1,991  
 
                                                
Interest portion of rent
    4,567       7,282       4,995       5,463       5,928       1,765  
 
                                    
 
                                                
 
   $ 311,761     $ (270,266 )   $ (407,622 )   $ 106,363     $ 136,569     $ (75,069 )
 
                                    
 
                                                
Fixed Charges
                                                
Interest expense
  $ 127,027     $ 138,629     $ 143,441     $ 138,775     $ 145,897     $ 40,069  
 
                                                
Amortization of debt issuance costs
    7,013       22,321       8,251       7,428       6,182       1,991  
 
                                                
Interest portion of rent
    4,567       7,282       4,995       5,463       5,928       1,765  
 
                                    
 
                                                
 
   $ 138,607     $ 168,232     $ 156,687     $ 151,666     $ 158,007     $ 43,825  
 
                                    
 
                                                
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 three months ended March 31, 2005. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $118.9 million of earnings for the three months ended March 31, 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.