Exhibit 12.1
AMKOR TECHNOLOGY, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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Months Ended, March 31, |
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| Year Ended December 31, | ||||||||||||||||||||||||
| 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |||||||||||||||||||
| Earnings |
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| Income (loss) before income taxes |
$ | 17,795 | $ | 59,703 | $ | 100,219 | $ | 251,159 | $ | 126,523 | $ | (425,688 | ) | |||||||||||
| Equity in earnings of unconsolidated affiliate |
(55 | ) | (5,592 | ) | (7,085 | ) | (6,435 | ) | (2,373 | ) | — | |||||||||||||
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| Income (loss) before income taxes and equity in earnings of unconsolidated affiliate |
17,740 | 54,111 | 93,134 | 244,724 | 124,150 | (425,688 | ) | |||||||||||||||||
| Interest expense |
24,703 | 94,280 | 82,869 | 96,340 | 110,747 | 120,513 | ||||||||||||||||||
| Amortization of debt issuance costs |
867 | 3,663 | 3,737 | 4,505 | 4,649 | 4,466 | ||||||||||||||||||
| Interest portion of rent (1) |
1,104 | 4,386 | 5,020 | 5,450 | 5,879 | 6,559 | ||||||||||||||||||
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| $ | 44,414 | $ | 156,440 | $ | 184,760 | $ | 351,019 | $ | 245,425 | $ | (294,150 | ) | ||||||||||||
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| Fixed Charges |
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| Interest expense |
$ | 24,703 | $ | 94,280 | $ | 82,869 | $ | 96,340 | $ | 110,747 | $ | 120,513 | ||||||||||||
| Amortization of debt issuance costs |
867 | 3,663 | 3,737 | 4,505 | 4,649 | 4,466 | ||||||||||||||||||
| Interest portion of rent (1) |
1,104 | 4,386 | 5,020 | 5,450 | 5,879 | 6,559 | ||||||||||||||||||
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| $ | 26,674 | $ | 102,329 | $ | 91,626 | $ | 106,295 | $ | 121,275 | $ | 131,538 | |||||||||||||
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| Ratio of earnings to fixed charges (2) |
1.7 | 1.5 | 2.0 | 3.3 | 2.0 | — | ||||||||||||||||||
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| (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. |