EX-12.1 2 p75028exv12w1.htm EX-12.1 exv12w1
 

Exhibit 12.1
AMKOR TECHNOLOGY, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                                         
    Year Ended December 31,  
    2003     2004     2005     2006     2007  
Earnings
                                        
Income (loss) before equity investment losses, income taxes, minority interests and discontinued operations
   $ (52,543 )   $ (28,866 )   $ (145,233 )   $ 182,494     $ 234,837  
Interest expense
     138,775       145,897       163,125       160,909       134,819  
Amortization of debt issuance costs
     7,428       6,182       7,948       7,250       5,326  
Interest portion of rent (1)
     5,463       5,928       6,215       5,583       6,452  
 
                              
 
   $ 99,123     $ 129,141     $ 32,055     $ 356,236     $ 381,434  
 
                              
 
                                        
Fixed Charges
                                        
Interest expense
   $ 138,775     $ 145,897     $ 163,125     $ 160,909     $ 134,819  
Amortization of debt issuance costs
     7,428       6,182       7,948       7,250       5,326  
Interest portion of rent (1)
     5,463       5,928       6,215       5,583       6,452  
 
                              
 
   $ 151,666     $ 158,007     $ 177,288     $ 173,742     $ 146,597  
 
                              
 
                                        
Ratio of earnings to fixed charges (2)
     —       —       —       2.05       2.60  
 
                              
 
(1)   Represents one-third of total rent expense which we believe is a reasonable estimate of the interest component of rent expense.
 
(2)   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.