EX-12.1 2 p74148exv12w1.htm EX-12.1 exv12w1
 

Exhibit 12.1
AMKOR TECHNOLOGY, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In thousands, except ratio data)
                                                 
                                            Six Months  
    Year Ended December 31,     Ended June 30,  
    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     $ 74,752  
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       74,752  
Interest expense
     143,441       138,775       145,897       163,125       160,909       70,245  
Amortization of debt issuance costs
     8,251       7,428       6,182       7,948       7,250       2,946  
Interest portion of rent
     4,995       5,463       5,928       6,215       5,583       3,326  
Less (earnings) loss of affiliates
     —       —       —       —       —       —  
 
                                    
 
   $ (460,551 )   $ 99,123     $ 129,141     $ 32,055     $ 356,236     $ 151,269  
 
                                    
Fixed Charges
                                               
Interest expense
   $ 143,441     $ 138,775     $ 145,897     $ 163,125     $ 160,909     $ 70,245  
Amortization of debt issuance costs
     8,251       7,428       6,182       7,948       7,250       2,946  
Interest portion of rent
     4,995       5,463       5,928       6,215       5,583       3,326  
 
                                    
 
   $ 156,687     $ 151,666     $ 158,007     $ 177,288     $ 173,742     $ 76,517  
 
                                    
Ratio of earnings to fixed charges
     — x 1     —x 1     —x 1     —x 1     2.05       1.98  
 
                                    
 
(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.