Exhibit 12.1
Ratio of Earnings to Fixed Charges Syniverse Holdings, Inc. and Predecessor (dollars in thousands)
| Predecessor | Successor | |||||||||||||||||||
| 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 | Year Ended December 31, 2005 | Year Ended December 31, 2006 | |||||||||||||||
Net Income (loss) | $ | 6,917 | $ | 631 | $ | (57,926 | ) | $ | 15,063 | $ | 9,804 | $ | 89,724 | |||||||
Provision for (benefit from) income taxes | 4,418 | 9,320 | 10,057 | 8,729 | 9,041 | (39,574 | ) | |||||||||||||
Income (loss) before income taxes | $ | 11,335 | $ | 9,951 | $ | (47,869 | ) | $ | 23,792 | $ | 18,845 | $ | 50,150 | |||||||
Fixed charges: | ||||||||||||||||||||
Interest expensed | $ | — | $ | 45,428 | $ | 46,235 | $ | 44,577 | $ | 32,406 | $ | 26,788 | ||||||||
Amortization of deferred financing costs and discount | — | 8,677 | 11,893 | 8,351 | 2,241 | 540 | ||||||||||||||
Estimated interest factor on operating leases | 59 | 864 | 871 | 1,016 | 1,010 | 1,006 | ||||||||||||||
Total fixed charges | $ | 59 | $ | 54,969 | $ | 58,999 | $ | 53,944 | $ | 35,657 | $ | 28,334 | ||||||||
Earnings: | ||||||||||||||||||||
Income (loss) before income taxes | 11,335 | 9,951 | (47,869 | ) | 23,792 | 18,845 | 50,150 | |||||||||||||
Fixed charges | 59 | 54,969 | 58,999 | 53,944 | 35,657 | 28,334 | ||||||||||||||
Total earnings | $ | 11,394 | $ | 64,920 | $ | 11,130 | $ | 77,736 | $ | 54,502 | $ | 78,484 | ||||||||
Ratio of earnings to fixed charges | 193.12 | 1.18 | 0.19 | 1.44 | 1.53 | 2.77 | ||||||||||||||