EX-12.1 2 amkr123117ex121.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1
AMKOR TECHNOLOGY, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
Year Ended December 31,
 
2017
 
2016
 
2015
 
2014
 
2013
 
(In thousands)
Earnings
 

 
 

 
 

 
 

 
 

Income before taxes and equity in earnings of unconsolidated affiliate
$
303,870

 
$
215,157

 
$
67,912

 
$
136,078

 
$
123,987

Interest expense
84,290

 
83,233

 
84,713

 
107,688

 
103,027

Amortization of capitalized interest
494

 
—

 
—

 
—

 
—

Amortization of deferred debt issuance costs and premiums
1,235

 
1,403

 
1,662

 
2,237

 
2,880

Interest portion of rent (1)
16,029

 
14,592

 
8,171

 
9,502

 
7,947

 
$
405,918

 
$
314,385

 
$
162,458

 
$
255,505

 
$
237,841

Fixed Charges
 

 
 

 
 

 
 

 
 

Interest expense
$
84,290

 
$
83,233

 
$
84,713

 
$
107,688

 
$
103,027

Capitalized interest
52

 
4,686

 
10,079

 
6,912

 
1,740

Amortization of debt issuance costs and premiums
1,235

 
1,403

 
1,662

 
2,237

 
2,880

Interest portion of rent (1)
16,029

 
14,592

 
8,171

 
9,502

 
7,947

 
$
101,606

 
$
103,914

 
$
104,625

 
$
126,339

 
$
115,594

Ratio of earnings to fixed charges
4.0

 
3.0

 
1.6

 
2.0

 
2.1

(1)
Represents one-third of total rent expense, which we believe is a reasonable estimate of the interest component of rent expense.