EX-12.1 2 amkr123112ex121.htm EX-12.1 AMKR 12.31.12 Ex 12.1


Exhibit 12.1
AMKOR TECHNOLOGY, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
Year Ended December 31,
 
2012
 
2011
 
2010
 
2009
 
2008
 
(In thousands)
Earnings
 

 
 

 
 

 
 

 
 

Income (loss) before income taxes
$
59,703

 
$
100,219

 
$
251,159

 
$
126,523

 
$
(425,688
)
Equity in earnings of unconsolidated affiliate
(5,592
)
 
(7,085
)
 
(6,435
)
 
(2,373
)
 
—

Income (loss) before income taxes and equity in earnings of unconsolidated affiliate
54,111

 
93,134

 
244,724

 
124,150

 
(425,688
)
Interest expense
94,280

 
82,869

 
96,340

 
110,747

 
120,513

Amortization of debt issuance costs
3,663

 
3,737

 
4,505

 
4,649

 
4,466

Interest portion of rent (1)
4,386

 
5,020

 
5,450

 
5,879

 
6,559

 
$
156,440

 
$
184,760

 
$
351,019

 
$
245,425

 
$
(294,150
)
Fixed Charges
 

 
 

 
 

 
 

 
 

Interest expense
$
94,280

 
$
82,869

 
$
96,340

 
$
110,747

 
$
120,513

Amortization of debt issuance costs
3,663

 
3,737

 
4,505

 
4,649

 
4,466

Interest portion of rent (1)
4,386

 
5,020

 
5,450

 
5,879

 
6,559

 
$
102,329

 
$
91,626

 
$
106,295

 
$
121,275

 
$
131,538

Ratio of earnings to fixed charges (2)
1.5

 
2.0

 
3.3

 
2.0

 
—

_______________________________________
(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 had to generate an additional $425.7 million of earnings in 2008.