Attached files
| file | filename |
|---|---|
| EX-31.1 - EX-31.1 - MAGNACHIP SEMICONDUCTOR Corp | d103672dex311.htm |
| EX-31.2 - EX-31.2 - MAGNACHIP SEMICONDUCTOR Corp | d103672dex312.htm |
| EX-32.2 - EX-32.2 - MAGNACHIP SEMICONDUCTOR Corp | d103672dex322.htm |
| EX-32.1 - EX-32.1 - MAGNACHIP SEMICONDUCTOR Corp | d103672dex321.htm |
| EX-23.1 - EX-23.1 - MAGNACHIP SEMICONDUCTOR Corp | d103672dex231.htm |
| 10-K - 10-K - MAGNACHIP SEMICONDUCTOR Corp | d103672d10k.htm |
| EX-10.36 - EX-10.36 - MAGNACHIP SEMICONDUCTOR Corp | d103672dex1036.htm |
Exhibit 12.1
STATEMENT REGARDING
COMPUTATION OF RATIO OF
EARNINGS TO FIXED CHARGES
| Years Ended December 31, | ||||||||||||||||||||
| 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||
| (in millions except ratios) | ||||||||||||||||||||
| Fixed charges: |
||||||||||||||||||||
| Interest expensed, amortization of debt issuance costs and discount on all indebtedness |
$ | 16.3 | $ | 16.8 | $ | 21.1 | $ | 23.2 | $ | 25.8 | ||||||||||
| Rent expense |
2.7 | 3.1 | 2.9 | 2.8 | 2.8 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Total fixed charges |
19.0 | 19.9 | 24.0 | 26.0 | 28.6 | |||||||||||||||
| Earnings: |
||||||||||||||||||||
| Income (loss) from continuing operations before income taxes |
(100.0 | ) | (115.7 | ) | (60.2 | ) | 122.9 | (3.2 | ) | |||||||||||
| Add: |
||||||||||||||||||||
| Fixed charges |
19.0 | 19.9 | 24.0 | 26.0 | 28.6 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Total earnings plus fixed charges |
$ | (81.0 | ) | $ | (95.8 | ) | $ | (36.2 | ) | $ | 148.9 | $ | 25.4 | |||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Ratio of earnings to fixed charges |
— | — | — | 5.7x | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
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:
| Year Ended December 31, 2015 |
Year Ended December 31, 2014 |
Year Ended December 31, 2013 |
Year Ended December 31, 2011 |
|||||||||||||
| (In millions) | ||||||||||||||||
| Deficiencies |
$ | 100.0 | $ | 115.7 | $ | 60.2 | $ | 3.2 | ||||||||