Attached files
| file | filename |
|---|---|
| EX-21.1 - EX-21.1 - MAGNACHIP SEMICONDUCTOR Corp | d655531dex211.htm |
| EX-10.27 - EX-10.27 - MAGNACHIP SEMICONDUCTOR Corp | d655531dex1027.htm |
| EX-32.1 - EX-32.1 - MAGNACHIP SEMICONDUCTOR Corp | d655531dex321.htm |
| EX-31.1 - EX-31.1 - MAGNACHIP SEMICONDUCTOR Corp | d655531dex311.htm |
| EX-32.2 - EX-32.2 - MAGNACHIP SEMICONDUCTOR Corp | d655531dex322.htm |
| EX-23.1 - EX-23.1 - MAGNACHIP SEMICONDUCTOR Corp | d655531dex231.htm |
| EX-10.37 - EX-10.37 - MAGNACHIP SEMICONDUCTOR Corp | d655531dex1037.htm |
| EX-10.35 - EX-10.35 - MAGNACHIP SEMICONDUCTOR Corp | d655531dex1035.htm |
| EX-10.31 - EX-10.31 - MAGNACHIP SEMICONDUCTOR Corp | d655531dex1031.htm |
| EX-10.36 - EX-10.36 - MAGNACHIP SEMICONDUCTOR Corp | d655531dex1036.htm |
| EXCEL - IDEA: XBRL DOCUMENT - MAGNACHIP SEMICONDUCTOR Corp | Financial_Report.xls |
| 10-K - FORM 10-K - MAGNACHIP SEMICONDUCTOR Corp | d655531d10k.htm |
| EX-31.2 - EX-31.2 - MAGNACHIP SEMICONDUCTOR Corp | d655531dex312.htm |
Exhibit 12.1
STATEMENT REGARDING
COMPUTATION OF RATIO OF
EARNINGS TO FIXED CHARGES
| Successor | Predecessor | |||||||||||||||||||||||||
| Years Ended December 31, |
Two-Month Period Ended December 31, 2009 |
Ten-Month Period Ended October 25, 2009 |
||||||||||||||||||||||||
| 2013 | 2012 | 2011 | 2010 | |||||||||||||||||||||||
| As Restated | As Restated | As Restated | As Restated | As Restated | ||||||||||||||||||||||
| (in millions except ratios) | ||||||||||||||||||||||||||
| Fixed charges: |
||||||||||||||||||||||||||
| Interest expensed amortization of debt issuance costs and discount on all indebtedness |
$ | 21.1 | $ | 23.2 | $ | 25.8 | $ | 23.3 | $ | 1.3 | $ | 31.2 | ||||||||||||||
| Rent expense |
2.9 | 2.8 | 2.8 | 4.1 | 0.8 | 3.9 | ||||||||||||||||||||
| Preferred stock dividend requirements of consolidated subsidiaries |
— | — | — | — | — | 6.3 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Total fixed charges |
24.0 | 26.0 | 28.6 | 27.4 | 2.1 | 41.4 | ||||||||||||||||||||
| Earnings: |
||||||||||||||||||||||||||
| Income (loss) from continuing operations before income taxes |
(60.2 | ) | 122.9 | (3.2 | ) | 83.1 | (0.7 | ) | 841.5 | |||||||||||||||||
| Add: |
||||||||||||||||||||||||||
| Fixed charges |
24.0 | 26.0 | 28.6 | 27.4 | 2.1 | 41.4 | ||||||||||||||||||||
| Amortization of capitalized interest |
— | — | — | — | — | 0.0 | ||||||||||||||||||||
| Less: |
||||||||||||||||||||||||||
| Preferred unit dividend requirements of consolidated subsidiaries |
— | — | — | — | — | (6.3 | ) | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Total earnings plus fixed charges |
$ | (36.2 | ) | $ | 148.9 | $ | 25.4 | $ | 110.5 | $ | 1.4 | $ | 876.6 | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Ratio of earnings to fixed charges |
— | 5.7x | — | 4.0x | — | 21.2x | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
The term “fixed charge” means the sum of the following: interest expensed and capitalized, amortized premiums, discounts and capitalized expenses related to indebtedness; and an estimate of interest within rental expense (equal to one-third of rental expense). Management believes this is a reasonable approximation of the interest factor.
Where a dash appears, our earnings were negative and were insufficient to cover fixed charges during the period. Our deficiencies to cover fixed charges in each period presented were as follows:
| Successor | ||||||||||||
| Year Ended December 31, 2013 |
Year Ended December 31, 2011 |
Two-Month Period Ended December 31, 2009 |
||||||||||
| (In millions) | ||||||||||||
| Deficiencies |
$ | 60.2 | $ | 3.2 | $ | 0.7 | ||||||