EX-12.1 8 p73748exv12w1.htm EX-12.1 exv12w1
 

Exhibit 12.1
 
AMKOR TECHNOLOGY, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In thousands, except ratio data)
 
                                                 
          Three Months
 		 
    Year Ended December 31,     Ended March 31,  
    2002     2003     2004     2005     2006     2007  
 
Earnings
                                               
Income (loss) before income taxes, minority interests and discontinued operations
  $ (825,403 )   $ (55,833 )   $ (28,868 )   $ (145,288 )   $ 182,494     $ 39,024  
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       39,024  
Interest expense
    143,441       138,775       145,897       163,125       160,909       37,071  
Amortization of debt issuance costs
    8,251       7,428       6,182       7,948       7,250       1,724  
Interest portion of rent
    4,995       5,463       5,928       6,215       5,583       1,544  
Less (earnings) loss of affiliates
    —       —       —       —       —       —  
                                                 
    $ (460,551 )   $ 99,123     $ 129,141     $ 32,055     $ 356,236     $ 79,363  
                                                 
Fixed Charges
                                               
Interest expense
  $ 143,441     $ 138,775     $ 145,897     $ 163,125     $ 160,909     $ 37,071  
Amortization of debt issuance costs
    8,251       7,428       6,182       7,948       7,250       1,724  
Interest portion of rent
    4,995       5,463       5,928       6,215       5,583       1,544  
                                                 
    $ 156,687     $ 151,666     $ 158,007     $ 177,288     $ 173,742     $ 40,339  
                                                 
Ratio of earnings to fixed charges
    — x (1)     —x (1)     —x (1)     — x (1)     2.05       1.97  
                                                 
 
 
(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) 1:1, we would have had to generate an additional $617.2 million of earnings in the year ended December 31, 2002.