Exhibit 12.1
SunGard Capital Corp.
Computation of Ratio of Earnings to Fixed Charges (Unaudited)
($ in millions)
| Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
| 2012 | 2013 | 2012 | 2013 | |||||||||||||
Fixed charges | ||||||||||||||||
Interest expense | $ | 94 | $ | 90 | $ | 204 | $ | 182 | ||||||||
Amortization of debt issuance costs and debt discount | 7 | 8 | 19 | 24 | ||||||||||||
Portion of rental expense representative of interest | 18 | 17 | 36 | 34 | ||||||||||||
Undeclared preferred stock dividend of SunGard Capital Corp. II before income taxes (at effective rate) | 99 | 71 | 167 | 101 | ||||||||||||
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Total fixed charges | $ | 218 | $ | 186 | $ | 426 | $ | 341 | ||||||||
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Earnings | ||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | (32 | ) | $ | 11 | $ | (115 | ) | $ | (45 | ) | |||||
Fixed charges per above | 218 | 186 | 426 | 341 | ||||||||||||
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Total earnings | $ | 186 | $ | 197 | $ | 311 | $ | 296 | ||||||||
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Ratio of earnings to fixed charges | * | 1.1 | * | * | ||||||||||||
| * | Earnings for the three months ended June 30, 2012 and for the six months ended June 30, 2012 and 2013 were inadequate to cover fixed charges by $32 million, $115 million and $45 million, respectively. |
SunGard Capital Corp. II
SunGard Data Systems Inc.
Computation of Ratio of Earnings to Fixed Charges (Unaudited)
($ in millions)
| Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
| 2012 | 2013 | 2012 | 2013 | |||||||||||||
Fixed charges | ||||||||||||||||
Interest expense | $ | 94 | $ | 90 | $ | 204 | $ | 182 | ||||||||
Amortization of debt issuance costs and debt discount | 7 | 8 | 19 | 24 | ||||||||||||
Portion of rental expense representative of interest | 18 | 17 | 36 | 34 | ||||||||||||
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Total fixed charges | $ | 119 | $ | 115 | $ | 259 | $ | 240 | ||||||||
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Earnings | ||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | (32 | ) | $ | 11 | $ | (115 | ) | $ | (45 | ) | |||||
Fixed charges per above | 119 | 115 | 259 | 240 | ||||||||||||
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Total earnings | $ | 87 | $ | 126 | $ | 144 | $ | 195 | ||||||||
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Ratio of earnings to fixed charges | * | 1.1 | * | * | ||||||||||||
| * | Earnings for the three months ended June 30, 2012 and for the six months ended June 30, 2012 and 2013 were inadequate to cover fixed charges by $32 million, $115 million and $45 million, respectively. |
