Amkor Technology (AMKR) 10-Q2005 Q3 Quarterly report

Filed: 8 Nov 05, 12:00am

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New words: abroad, accurately, advantage, aid, Altera, Asia, attention, attract, beneficially, binding, breadth, bridge, cancel, cancellation, capped, carefully, cautionary, characterized, chemical, cooled, copper, cured, curtail, cycle, deal, default, delay, delivery, descried, diamond, diced, difficult, disadvantage, discharge, diverse, diversion, divert, dropped, duration, earning, encumber, eroded, evolving, expand, Expanding, fail, fee, flexibility, focused, formal, formula, Freescale, frequent, Fulfilling, geographic, geographically, governmental, handling, Harm, harmed, hiring, hold, impose, imposed, inclusion, installment, intense, intensify, internationally, introductory, invalidated, large, lending, lose, managerial, meaningful, merit, Migrating, monthly, motivate, move, multiple, notice, occupy, occurrence, oil, orderly, Paper, paragraph, personnel, point, political, predict, proceed, program, prohibit, proprietary, proxy, Qualitative, Quantitative, rapidly, ratify, real, region, regulatory, reimbursement, repair, rescheduling, respond, rightfully, running, selective, Shanghai, shortage, shortfall, skilled, Sony, specialty, staffing, storage, strain, strained, subcontracted, subscribed, successful, succession, syndication, telecommunication, tender, terrorist, tightened, tipping, train, training, typically, unexpected, unsubordinated, vulnerability, wage, waived, waste, water, Wichita, wire, wrong

Removed: Abeyance, adequate, AG, answer, assign, authority, building, classified, combined, comprehensive, conducting, Conexant, contend, counterclaim, detailed, discount, economy, factor, Infineon, outsource, perfect, positive, request, review, strength, voluntarily, wafer, worldwide

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Exhibit 12.1

AMKOR TECHNOLOGY, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In thousands, except ratio data)


												Nine Months Ended
	Year Ended December 31,											September 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	)	$	(194,359	)
Interest expense		127,027		138,629			143,441			138,775			145,897			120,945
Amortization of debt issuance costs		7,013		22,321			8,251			7,428			6,182			5,977
Interest portion of rent		4,567		7,282			4,995			5,463			5,928			5,558


	$	311,761	$	(270,266	)	$	(407,622	)	$	106,363		$	136,569		$	(61,879	)

Fixed Charges
Interest expense	$	127,027	$	138,629		$	143,441		$	138,775		$	145,897		$	120,945
Amortization of debt issuance costs		7,013		22,321			8,251			7,428			6,182			5,977
Interest portion of rent		4,567		7,282			4,995			5,463			5,928			5,558


	$	138,607	$	168,232		$	156,687		$	151,666		$	158,007		$	132,480


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 nine months ended September 30, 2005. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $194.4 million of earnings for the nine months ended September 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.

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