Exhibit 12.1
SunGard Capital Corp.
Computation of Ratio of Earnings to Fixed Charges (Unaudited)
($ in millions)
Year Ended December 31, | ||||||||||||
2012 | 2013 | 2014 | ||||||||||
Fixed charges | ||||||||||||
Interest expense | $ | 325 | $ | 289 | $ | 273 | ||||||
Amortization of debt issuance costs and debt discount | 36 | 37 | 19 | |||||||||
Portion of rental expense representative of interest | 23 | 21 | 19 | |||||||||
Undeclared preferred stock dividend of SunGard Capital Corp. II | 537 | 267 | 222 | |||||||||
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Total fixed charges | $ | 921 | $ | 614 | $ | 533 | ||||||
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Earnings | ||||||||||||
Income (loss) from continuing operations before income taxes | $ | (92 | ) | $ | 71 | $ | (265 | ) | ||||
Fixed charges per above | 921 | 614 | 533 | |||||||||
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Total earnings | $ | 829 | $ | 685 | $ | 268 | ||||||
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Ratio of earnings to fixed charges | * | 1.1 | * |
* | Earnings for the years ended December 31, 2012 and 2014 were inadequate to cover fixed charges by $92 million and $265 million, respectively. |
SunGard Capital Corp. II
SunGard Data Systems Inc.
Computation of Ratio of Earnings to Fixed Charges (Unaudited)
($ in millions)
Year Ended December 31, | ||||||||||||
2012 | 2013 | 2014 | ||||||||||
Fixed charges | ||||||||||||
Interest expense | $ | 325 | $ | 289 | $ | 273 | ||||||
Amortization of debt issuance costs and debt discount | 36 | 37 | 19 | |||||||||
Portion of rental expense representative of interest | 23 | 21 | 19 | |||||||||
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Total fixed charges | $ | 384 | $ | 347 | $ | 311 | ||||||
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Earnings | ||||||||||||
Income (loss) from continuing operations before income taxes | $ | (92 | ) | $ | 72 | $ | (264 | ) | ||||
Fixed charges per above | 384 | 347 | 311 | |||||||||
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Total earnings | $ | 292 | $ | 419 | $ | 47 | ||||||
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Ratio of earnings to fixed charges | * | 1.2 | * |
* | Earnings for the years ended December 31, 2012 and 2014 were inadequate to cover fixed charges by $92 million and $264 million, respectively. For SunGard Capital Corp. II, earnings for the year ended December 31, 2014 were inadequate to cover fixed charges by $265 million. |