EX-12.1 2 p73489exv12w1.htm EX-12.1 exv12w1
 

Exhibit 12.1
 
AMKOR TECHNOLOGY, INC.
 
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
                                         
    Year Ended December 31,  
    2002     2003     2004     2005     2006  
 
Earnings
                                       
Income (loss) before income taxes, minority interests and discontinued operations
  $ (825,403 )   $ (55,833 )   $ (28,868 )   $ (145,288 )   $ 182,494  
Equity investment losses
    (208,165 )     (3,290 )     (2 )     (55 )     —  
                                         
Income (loss) before income taxes, equity investment losses, minority interests and discontinued operations
    (617,238 )     (52,543 )     (28,866 )     (145,233 )     182,494  
Interest expense
    143,441       138,775       145,897       163,125       160,909  
Amortization of debt issuance costs
    8,251       7,428       6,182       7,948       7,250  
Interest portion of rent
    4,995       5,463       5,928       6,215       5,583  
Less (earnings) loss of affiliates
    —       —       —       —       —  
                                         
    $ (460,551 )   $ 99,123     $ 129,141     $ 32,055     $ 356,236  
                                         
Fixed Charges
                                       
Interest expense
  $ 143,441     $ 138,775     $ 145,897     $ 163,125     $ 160,909  
Amortization of debt issuance costs
    8,251       7,428       6,182       7,948       7,250  
Interest portion of rent
    4,995       5,463       5,928       6,215       5,583  
                                         
    $ 156,687     $ 151,666     $ 158,007     $ 177,288     $ 173,742  
                                         
Ratio of earnings to fixed charges
    — x(1)     — x(1)     — x(1)     — x(1)     2.05  
 
 
(1) The ratio of earnings to fixed charges was less than 1:1 for 2005. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $145.2 million of earnings in 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 $28.9 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 $52.5 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 $617.2 million of earnings in the year ended December 31, 2002.