EX-12.1 3 p19023exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
AMKOR TECHNOLOGY, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                                                 
    Six Months    
    Ended June   Year Ended December 31,
    30, 2011   2010   2009   2008   2007   2006
 
                                               
Earnings
                                               
Income (loss) before income taxes
  $ 47,187     $ 251,159     $ 126,523     $ (425,688 )   $ 234,837     $ 182,494  
Equity in earnings of unconsolidated affiliate
    (3,607)       (6,435 )     (2,373 )                  
     
Income (loss) before income taxes and equity in earnings of unconsolidated affiliate
    43,580       244,724       124,150       (425,688 )     234,837       182,494  
Interest expense
    41,855       96,340       110,747       120,513       134,819       160,909  
Amortization of debt issuance costs
    1,953       4,505       4,649       4,466       5,326       7,250  
Interest portion of rent (1)
    2,723       5,450       5,879       6,559       6,452       5,583  
     
 
                                               
 
  $ 90,111     $ 351,019     $ 245,425     $ (294,150 )   $ 381,434     $ 356,236  
     
 
                                               
Fixed Charges
                                               
Interest expense
  $ 41,855     $ 96,340     $ 110,747     $ 120,513     $ 134,819     $ 160,909  
Amortization of debt issuance costs
    1,953       4,505       4,649       4,466       5,326       7,250  
Interest portion of rent
    2,723       5,450       5,879       6,559       6,452       5,583  
     
 
                                               
 
  $ 46,531     $ 106,295     $ 121,275     $ 131,538     $ 146,597     $ 173,742  
     
 
                                               
Ratio of earnings to fixed charges (2)
    1.9       3.3       2.0             2.6       2.1  
     
(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.