EX-12.1 3 p18058exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
AMKOR TECHNOLOGY, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                                                 
    Six Months        
    ended     Year Ended  
    June 30,     December 31,  
    2010     2009     2008     2007     2006     2005  
Earnings
                                               
Income (loss) before income taxes
  $ 101,649     $ 126,523     $ (425,688 )   $ 234,837     $ 182,494     $ (145,288 )
Equity in (earnings) losses of unconsolidated affiliate
    (2,709 )     (2,373 )                       55  
 
                                   
Income (loss) before income taxes and equity in earnings (losses) of unconsolidated affiliate
    98,940       124,150       (425,688 )     234,837       182,494       (145,233 )
Interest expense
    51,966       110,747       120,513       134,819       160,909       163,125  
Amortization of debt issuance costs
    2,438       4,649       4,466       5,326       7,250       7,948  
Interest portion of rent (1)
    3,125       5,879       6,559       6,452       5,583       6,215  
 
                                   
 
  $ 156,469     $ 245,425     $ (294,150 )   $ 381,434     $ 356,236     $ 32,055  
 
                                   
 
                                               
Fixed Charges
                                               
Interest expense
  $ 51,966     $ 110,747     $ 120,513     $ 134,819     $ 160,909     $ 163,125  
Amortization of debt issuance costs
    2,438       4,649       4,466       5,326       7,250       7,948  
Interest portion of rent
    3,125       5,879       6,559       6,452       5,583       6,215  
 
                                   
 
  $ 57,529     $ 121,275     $ 131,538     $ 146,597     $ 173,742     $ 177,288  
 
                                   
 
                                               
Ratio of earnings to fixed charges
    2.7       2.0       (2)     2.6       2.1       (2)
 
                                   
 
(1)   Represents one-third of total rent expense which we believe is a reasonable estimate of the interest component of rent expense.
 
(2)   For the years ended December 31, 2008 and 2005, earnings were less than fixed charges by $425.7 million and $145.2 million, respectively. We recorded a goodwill impairment charge at December 31, 2008 that reduced our earnings for 2008 by $671.1 million.