Exhibit 12.1
AMKOR TECHNOLOGY, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In thousands except ratio data)
| Three months ended | ||||||||||||||||||||||||
| Year Ended December 31, | March 31, | |||||||||||||||||||||||
| 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 | ) | $ | (118,894 | ) | |||||||
| Interest expense | 127,027 | 138,629 | 143,441 | 138,775 | 145,897 | 40,069 | ||||||||||||||||||
| Amortization of debt issuance costs | 7,013 | 22,321 | 8,251 | 7,428 | 6,182 | 1,991 | ||||||||||||||||||
| Interest portion of rent | 4,567 | 7,282 | 4,995 | 5,463 | 5,928 | 1,765 | ||||||||||||||||||
| $ | 311,761 | $ | (270,266 | ) | $ | (407,622 | ) | $ | 106,363 | $ | 136,569 | $ | (75,069 | ) | ||||||||||
| Fixed Charges | ||||||||||||||||||||||||
| Interest expense | $ | 127,027 | $ | 138,629 | $ | 143,441 | $ | 138,775 | $ | 145,897 | $ | 40,069 | ||||||||||||
| Amortization of debt issuance costs | 7,013 | 22,321 | 8,251 | 7,428 | 6,182 | 1,991 | ||||||||||||||||||
| Interest portion of rent | 4,567 | 7,282 | 4,995 | 5,463 | 5,928 | 1,765 | ||||||||||||||||||
| $ | 138,607 | $ | 168,232 | $ | 156,687 | $ | 151,666 | $ | 158,007 | $ | 43,825 | |||||||||||||
| 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 three months ended March 31, 2005. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $118.9 million of earnings for the three months ended March 31, 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. |
