Exhibit 12.1
Ratio of Earnings to Fixed Charges
Syniverse Holdings, LLC and Predecessor
(dollars in thousands)
| Predecessor | Successor | Successor | |||||||||||||||||
| Year Ended December 31, | Period from January 1 to February 13, 2002 | Period from February 14 to December 31, 2002 | Year Ended December 31, 2003 | ||||||||||||||||
| 1999 | 2000 | 2001 | |||||||||||||||||
Net Income | $ | 46,104 | $ | 51,051 | $ | 69,258 | $ | 6,917 | $ | 631 | $ | (57,926 | ) | ||||||
Provision for income taxes | 28,156 | 32,548 | 43,895 | 4,418 | 9,320 | 10,057 | |||||||||||||
Income before income taxes | $ | 74,260 | $ | 83,599 | $ | 113,153 | $ | 11,335 | $ | 9,951 | $ | (47,869 | ) | ||||||
Fixed charges: | |||||||||||||||||||
Interest expensed | $ | 2,822 | $ | 22 | $ | — | $ | — | $ | 45,428 | $ | 46,235 | |||||||
Amortization of deferred financing costs and discount | — | — | — | — | 8,677 | 11,893 | |||||||||||||
Estimated interest factor on operating leases (see below) | 343 | 403 | 463 | 59 | 864 | 871 | |||||||||||||
Total fixed charges | 3,165 | 425 | 463 | 59 | 54,969 | 58,999 | |||||||||||||
Earnings: | |||||||||||||||||||
Income before income taxes | 74,260 | 83,599 | 113,153 | 11,335 | 9,951 | (47,869 | ) | ||||||||||||
Fixed charges | 3,165 | 425 | 463 | 59 | 54,969 | 58,999 | |||||||||||||
Total earnings | $ | 77,425 | $ | 84,024 | $ | 113,616 | $ | 11,394 | $ | 64,920 | $ | 11,130 | |||||||
Ratio of earnings to fixed charges | 24.46 | 197.70 | 245.39 | 193.12 | 1.18 | 0.19 | |||||||||||||