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, | |||||||||||||||||||||||
| 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | |||||||||||||||||||
| Earnings | ||||||||||||||||||||||||
| Income (loss) before income taxes, equity in income (loss) of investees, minority interest and discontinued operations | $ | 87,494 | $ | 173,154 | $ | (438,498 | ) | $ | (564,309 | ) | $ | (45,303 | ) | $ | 13,466 | |||||||||
| Interest expense | 61,803 | 127,027 | 138,629 | 143,441 | 138,775 | 105,332 | ||||||||||||||||||
| Amortization of debt issuance costs | 3,466 | 7,013 | 22,321 | 8,251 | 7,428 | 4,333 | ||||||||||||||||||
| Interest portion of rent | 3,481 | 4,567 | 7,282 | 4,995 | 5,463 | 4,185 | ||||||||||||||||||
| Less (earnings) loss of affiliates | 2,622 | — | — | — | — | — | ||||||||||||||||||
| $ | 158,866 | $ | 311,761 | $ | (270,266 | ) | $ | (407,622 | ) | $ | 106,363 | $ | 127,316 | |||||||||||
| Fixed Charges | ||||||||||||||||||||||||
| Interest expense | $ | 61,803 | $ | 127,027 | $ | 138,629 | $ | 143,441 | $ | 138,775 | $ | 105,332 | ||||||||||||
| Amortization of debt issuance costs | 3,466 | 7,013 | 22,321 | 8,251 | 7,428 | 4,333 | ||||||||||||||||||
| Interest portion of rent | 3,481 | 4,567 | 7,282 | 4,995 | 5,463 | 4,185 | ||||||||||||||||||
| $ | 68,750 | $ | 138,607 | $ | 168,232 | $ | 156,687 | $ | 151,666 | $ | 113,850 | |||||||||||||
| Ratio of earnings to fixed charges | 2.3x | 2.2x | —x | 1 | —x | 1 | —x | 1 | 1.1x | |||||||||||||||
1 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.
