Exhibit 12.1
SunGard Capital Corp.
Computation of Ratio of Earnings to Fixed Charges (Unaudited)
($ in millions)
Year Ended December 31, | ||||||||||||
2011 | 2012 | 2013 | ||||||||||
Fixed charges | ||||||||||||
Interest expense | $ | 485 | $ | 393 | $ | 362 | ||||||
Amortization of debt issuance costs and debt discount | 40 | 36 | 37 | |||||||||
Portion of rental expense representative of interest | 77 | 72 | 69 | |||||||||
Undeclared preferred stock dividend of SunGard Capital Corp. II before income taxes (at effective rate) | 620 | 276 | 189 | |||||||||
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Total fixed charges | $ | 1,222 | $ | 777 | $ | 657 | ||||||
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Earnings | ||||||||||||
Income (loss) from continuing operations before income taxes | $ | (182 | ) | $ | (438 | ) | $ | 56 | ||||
Fixed charges per above | 1,222 | 777 | 657 | |||||||||
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Total earnings | $ | 1,040 | $ | 339 | $ | 713 | ||||||
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Ratio of earnings to fixed charges | * | * | 1.1 |
* | Earnings for the years ended December 31, 2011 and 2012 were inadequate to cover fixed charges by $182 million and $438 million, respectively. |
SunGard Capital Corp. II
SunGard Data Systems Inc.
Computation of Ratio of Earnings to Fixed Charges (Unaudited)
($ in millions)
Year Ended December 31, | ||||||||||||
2011 | 2012 | 2013 | ||||||||||
Fixed charges | ||||||||||||
Interest expense | $ | 485 | $ | 393 | $ | 362 | ||||||
Amortization of debt issuance costs and debt discount | 40 | 36 | 37 | |||||||||
Portion of rental expense representative of interest | 77 | 72 | 69 | |||||||||
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Total fixed charges | $ | 602 | $ | 501 | $ | 468 | ||||||
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Earnings | ||||||||||||
Income (loss) from continuing operations before income taxes | $ | (182 | ) | $ | (438 | ) | $ | 57 | ||||
Fixed charges per above | 602 | 501 | 468 | |||||||||
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Total earnings | $ | 420 | $ | 63 | $ | 525 | ||||||
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Ratio of earnings to fixed charges | * | * | 1.1 |
* | Earnings for the years ended December 31, 2011 and 2012 were inadequate to cover fixed charges by $182 million and $438 million, respectively. |