EX-12.1 3 p14091exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
AMKOR TECHNOLOGY, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                                         
    Year Ended December 31,  
    2004     2005     2006     2007     2008  
Earnings
                                        
Income (loss) before equity investment losses, income taxes and minority interests
   $ (28,866 )   $ (145,233 )   $ 182,494     $ 234,837     $ (425,688 )
Interest expense
     145,897       163,125       160,909       134,819       120,513  
Amortization of debt issuance costs
     6,182       7,948       7,250       5,326       4,466  
Interest portion of rent (1)
     5,928       6,215       5,583       6,452       6,559  
 
                              
 
   $ 129,141     $ 32,055     $ 356,236     $ 381,434     $ (294,150 )
 
                              
 
                                        
Fixed Charges
                                        
Interest expense
   $ 145,897     $ 163,125     $ 160,909     $ 134,819     $ 120,513  
Amortization of debt issuance costs
     6,182       7,948       7,250       5,326       4,466  
Interest portion of rent
     5,928       6,215       5,583       6,452       6,559  
 
                              
 
   $ 158,007     $ 177,288     $ 173,742     $ 146,597     $ 131,538  
 
                              
 
                                        
Ratio of earnings to fixed charges (2)
     —       —       2.1       2.6       —  
 
                              
 
(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 2008. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have to generate an additional $425.7 million of earnings in 2008. 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.

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