Attached files
| file | filename |
|---|---|
| EX-32.2 - EX-32.2 - MAGNACHIP SEMICONDUCTOR Corp | d527108dex322.htm |
| EX-32.1 - EX-32.1 - MAGNACHIP SEMICONDUCTOR Corp | d527108dex321.htm |
| EX-31.2 - EX-31.2 - MAGNACHIP SEMICONDUCTOR Corp | d527108dex312.htm |
| EX-31.1 - EX-31.1 - MAGNACHIP SEMICONDUCTOR Corp | d527108dex311.htm |
| EX-23.1 - EX-23.1 - MAGNACHIP SEMICONDUCTOR Corp | d527108dex231.htm |
| EX-10.24 - EX-10.24 - MAGNACHIP SEMICONDUCTOR Corp | d527108dex1024.htm |
| 10-K - 10-K - MAGNACHIP SEMICONDUCTOR Corp | d527108d10k.htm |
Exhibit 12.1
STATEMENT REGARDING
COMPUTATION OF RATIO OF
EARNINGS TO FIXED CHARGES
| Years Ended December 31, | ||||||||||||||||||||
| 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||
| (in millions except ratios) | ||||||||||||||||||||
| Fixed charges: |
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| Interest expensed, amortization of debt issuance costs and discount |
$ | 21.6 | $ | 16.2 | $ | 16.3 | $ | 16.8 | $ | 21.1 | ||||||||||
| Rent expense |
2.5 | 3.0 | 2.7 | 3.1 | 2.9 | |||||||||||||||
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| Total fixed charges |
24.1 | 19.2 | 19.0 | 19.9 | 24.0 | |||||||||||||||
| Earnings: |
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| Income (loss) from continuing operations before income taxes |
86.1 | (25.9 | ) | (100.0 | ) | (115.7 | ) | (60.2 | ) | |||||||||||
| Add: |
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| Fixed charges |
24.1 | 19.2 | 19.0 | 19.9 | 24.0 | |||||||||||||||
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| Total earnings plus fixed charges |
$ | 110.2 | $ | (6.7 | ) | $ | (81.0 | ) | $ | (95.8 | ) | $ | (36.2 | ) | ||||||
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| Ratio of earnings to fixed charges |
4.6x | — | — | — | — | |||||||||||||||
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The term “fixed charge” means the sum of the following: interest expensed, and amortized 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, 2016 |
Year Ended December 31, 2015 |
Year Ended December 31, 2014 |
Year Ended December 31, 2013 |
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| (In millions) | ||||||||||||||||
| Deficiencies |
$ | 25.9 | $ | 100.0 | $ | 115.7 | $ | 60.2 | ||||||||