EX-12.1 3 d432919dex121.htm STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement of Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

AMKOR TECHNOLOGY, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

    

Nine Months
Ended
September 30,

   

Year Ended December 31,

 
     2012     2011     2010     2009     2008     2007  

Earnings

            

Income (loss) before income taxes

   $ 44,039      $ 100,219      $ 251,159      $ 126,523      $ (425,688   $ 234,837   

Equity in earnings of unconsolidated affiliate

     (5,421     (7,085     (6,435     (2,373              
  

 

 

 

Income (loss) before income taxes and equity in earnings of unconsolidated affiliate

     38,618        93,134        244,724        124,150        (425,688     234,837   

Interest expense

     68,470        82,869        96,340        110,747        120,513        134,819   

Amortization of debt issuance costs

     2,734        3,737        4,505        4,649        4,466        5,326   

Interest portion of rent (1)

     3,255        5,020        5,450        5,879        6,559        6,452   
  

 

 

 
   $ 113,077      $ 184,760      $ 351,019      $ 245,425      $ (294,150   $ 381,434   
  

 

 

 

Fixed Charges

            

Interest expense

   $ 68,470      $ 82,869      $ 96,340      $ 110,747      $ 120,513      $ 134,819   

Amortization of debt issuance costs

     2,734        3,737        4,505        4,649        4,466        5,326   

Interest portion of rent (1)

     3,255        5,020        5,450        5,879        6,559        6,452   
  

 

 

 
   $ 74,459      $ 91,626      $ 106,295      $ 121,275      $ 131,538      $ 146,597   
  

 

 

 

Ratio of earnings to fixed charges (2)

     1.5        2.0        3.3        2.0               2.6   
  

 

 

 

 

(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.