EX-12.1 4 p71026exv12w1.htm EX-12.1 exv12w1
 

Exhibit 12.1
AMKOR TECHNOLOGY, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In thousands, except ratio data)
                                                 
                                            Six Months Ended  
    Year Ended December 31,     June 30,  
    2000     2001     2002     2003     2004     2005  
Earnings
                                                
Income (loss) before income taxes, equity in
income (loss) of investees, minority
interest and discontinued operations
  $ 173,154     $ (438,498 )   $ (564,309 )   $ (45,303 )   $ (21,438 )   $ (170,822 )
 
                                                
Interest expense
    127,027       138,629       143,441       138,775       145,897       80,699  
 
                                                
Amortization of debt issuance costs
     7,013       22,321       8,251       7,428       6,182       3,984  
 
                                                
Interest portion of rent
    4,567       7,282       4,995       5,463       5,928       3,569  
 
                                    
 
                                                
 
   $ 311,761     $ (270,266 )   $ (407,622 )   $ 106,363     $ 136,569     $ (82,570 )
 
                                    
 
                                                
Fixed Charges
                                                
Interest expense
  $ 127,027     $ 138,629     $ 143,441     $ 138,775     $ 145,897     $ 80,699  
 
                                                
Amortization of debt issuance costs
    7,013       22,321       8,251       7,428       6,182       3,984  
 
                                                
Interest portion of rent
    4,567       7,282       4,995       5,463       5,928       3,569  
 
                                    
 
                                                
 
   $ 138,607     $ 168,232     $ 156,687     $ 151,666     $ 158,007     $ 88,252  
 
                                    
 
                                                
Ratio of earnings to fixed charges
     2.2x       —x 1     —x 1     —x 1     —x 1     —x 1
 
                                    
 
1   . The ratio of earnings to fixed charges was less than 1:1 for the six months ended June 30, 2005. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $170.8 million of earnings for the six months ended June 30, 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 $21.4 million of earnings for the year ended December 31, 2004. The ratio of earnings to fixed charges was less than 1:1 for the year ended December 31, 2003. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $45.3 million of earnings in the year ended December 31, 2003. The ratio of earnings to fixed charges was less than 1:1 for the year ended December 31, 2002. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $564.3 million of earnings in the year ended December 31, 2002. The ratio of earnings to fixed charges was less than 1:1 for the year ended December 31, 2001. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $438.5 million of earnings in the year ended December 31, 2001.