EX-12.2 11 u92604exv12w2.txt EX-12.2 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES OF CHIPPAC, INC. (NOW KNOWN AS STATS CHIPPAC, INC.) . . . EXHIBIT 12.2 CHIPPAC, INC. (NOW KNOWN AS STATS CHIPPAC, INC.) RATIO OF EARNINGS TO FIXED CHARGES
SIX MONTHS ENDED FISCAL YEAR ENDED DECEMBER 31, JUNE 30, ------------------------------------------- -------------------- 2000 2001 2002 2003 2003 2004 -------- -------- -------- -------- -------- -------- (IN THOUSANDS, EXCEPT RATIO) Income (loss) before income tax ................ $ 15,670 $(91,158) $(26,855) $(26,781) $(13,126) $ 5,946 Add Interest expense, including amortization of debt issuance cost ............. 39,432 37,214 31,986 30,887 14,890 15,566 Portion of interest expense within operating leases representative of interest factor ........... 1,767 2,107 1,930 2,320 1,136 1,202 -------- -------- -------- -------- -------- -------- Earnings as adjusted ......... $ 56,869 $(51,837) $ 7,061 $ 6,426 $ 2,900 $ 22,714 Fixed charges Interest expense, including amortization of debt issuance cost ............. 39,432 37,214 31,986 30,887 14,890 15,566 Portion of interest expense within operating leases representative of interest factor ........... 1,767 2,107 1,930 2,320 1,136 1,202 -------- -------- -------- -------- -------- -------- $ 41,199 $ 39,321 $ 33,916 $ 33,207 $ 16,026 $ 16,768 Ratio of earnings to fixed charges ................... 1.4x -- -- -- -- 1.4x Deficiency of earnings to cover fixed charges ....... -- $(91,158) $(26,855) $(26,781) $(13,126) --