Exhibit 12.1
SunGard Capital Corp.
Computation of Ratio of Earnings to Fixed Charges (Unaudited)
($ in millions)
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
2012 | 2013 | 2012 | 2013 | |||||||||||||
Fixed charges | ||||||||||||||||
Interest expense | $ | 95 | $ | 90 | $ | 299 | $ | 272 | ||||||||
Amortization of debt issuance costs and debt discount | 7 | 6 | 26 | 30 | ||||||||||||
Portion of rental expense representative of interest | 17 | 18 | 54 | 52 | ||||||||||||
Undeclared preferred stock dividend of SunGard Capital Corp. II before income taxes (at effective rate) | 37 | 154 | 204 | 255 | ||||||||||||
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Total fixed charges | $ | 156 | $ | 268 | $ | 583 | $ | 609 | ||||||||
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Earnings | ||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | (380 | ) | $ | 26 | $ | (495 | ) | $ | (19 | ) | |||||
Fixed charges per above | 156 | 268 | 583 | 609 | ||||||||||||
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Total earnings | $ | (224 | ) | $ | 294 | $ | 88 | $ | 590 | |||||||
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Ratio of earnings to fixed charges | * | 1.1 | * | * |
* | Earnings for the three months ended September 30, 2012 and for the nine months ended September 30, 2012 and 2013 were inadequate to cover fixed charges by $380 million, $495 million and $19 million, respectively. |
SunGard Capital Corp. II
SunGard Data Systems Inc.
Computation of Ratio of Earnings to Fixed Charges (Unaudited)
($ in millions)
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
2012 | 2013 | 2012 | 2013 | |||||||||||||
Fixed charges | ||||||||||||||||
Interest expense | $ | 95 | $ | 90 | $ | 299 | $ | 272 | ||||||||
Amortization of debt issuance costs and debt discount | 7 | 6 | 26 | 30 | ||||||||||||
Portion of rental expense representative of interest | 17 | 18 | 54 | 52 | ||||||||||||
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Total fixed charges | $ | 119 | $ | 114 | $ | 379 | $ | 354 | ||||||||
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Earnings | ||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | (380 | ) | $ | 26 | $ | (495 | ) | $ | (19 | ) | |||||
Fixed charges per above | 119 | 114 | 379 | 354 | ||||||||||||
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Total earnings | $ | (261 | ) | $ | 140 | $ | (116 | ) | $ | 335 | ||||||
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Ratio of earnings to fixed charges | * | 1.2 | * | * |
* | Earnings for the three months ended September 30, 2012 and for the nine months ended September 30, 2012 and 2013 were inadequate to cover fixed charges by $380 million, $495 million and $19 million, respectively. |