Exhibit 12.1
Ratio of Earnings to Fixed Charges
Syniverse Holdings, Inc. and Predecessor
(dollars in thousands)
| Predecessor | Successor | ||||||||||||||||||
| Year Ended December 31, 2000 | Year Ended December 31, 2001 | Period from January 1 to February 13, 2002 | Period from February 14 to December 31, 2002 | Year Ended December 31, 2003 | Year Ended December 31, 2004 | ||||||||||||||
Net income | $ | 51,051 | $ | 69,258 | $ | 6,917 | $ | 631 | $ | (57,926 | ) | $ | 15,063 | ||||||
Provision for income taxes | 32,548 | 43,895 | 4,418 | 9,320 | 10,057 | 8,729 | |||||||||||||
Income (loss) before income taxes | $ | 83,599 | $ | 113,153 | $ | 11,335 | $ | 9,951 | $ | (47,869 | ) | $ | 23,792 | ||||||
Fixed charges: | |||||||||||||||||||
Interest expensed net of amounts capitalized | $ | 22 | $ | — | $ | — | $ | 45,428 | $ | 46,235 | $ | 44,577 | |||||||
Amortization of deferred financing costs and discount | — | — | — | 8,677 | 11,893 | 8,351 | |||||||||||||
Estimated interest factor on operating leases | 403 | 463 | 59 | 864 | 871 | 1,016 | |||||||||||||
Total fixed charges | $ | 425 | $ | 463 | $ | 59 | $ | 54,969 | $ | 58,999 | $ | 53,944 | |||||||
Earnings: | |||||||||||||||||||
Income before income taxes | $ | 83,599 | $ | 113,153 | $ | 11,335 | $ | 9,951 | $ | (47,869 | ) | $ | 23,792 | ||||||
Fixed charges | 425 | 463 | 59 | 54,969 | 58,999 | 53,944 | |||||||||||||
Total earnings | $ | 84,024 | $ | 113,616 | $ | 11,394 | $ | 64,920 | $ | 11,130 | $ | 77,736 | |||||||
Ratio of earnings to fixed charges | 197.70 | 245.39 | 193.12 | 1.18 | 0.19 | 1.44 | |||||||||||||