Exhibit 12.1
SunGard
Computation of Ratio of Earnings to Fixed Charges (Unaudited)
($ in millions)
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
2014 | 2015 | 2014 | 2015 | |||||||||||||
Fixed charges | ||||||||||||||||
Interest expense | $ | 68 | $ | 68 | $ | 136 | $ | 135 | ||||||||
Amortization of debt issuance costs and debt discount | 4 | 4 | 11 | 8 | ||||||||||||
Portion of rental expense representative of interest | 5 | 5 | 10 | 9 | ||||||||||||
Undeclared preferred stock dividend of SunGard Capital Corp. II before income taxes (at effective rate) | 67 | 52 | 118 | 122 | ||||||||||||
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Total fixed charges | $ | 144 | $ | 129 | $ | 275 | $ | 274 | ||||||||
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Earnings | ||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 5 | $ | 39 | $ | (419 | ) | $ | 83 | |||||||
Fixed charges per above | 144 | 129 | 275 | 274 | ||||||||||||
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Total earnings | $ | 149 | $ | 168 | $ | (144 | ) | $ | 357 | |||||||
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Ratio of earnings to fixed charges | 1.0 | 1.3 | * | 1.3 |
* | Earnings for the six months ended June 30, 2014 were inadequate to cover fixed charges by $419 million. |
SunGard Capital Corp. II
SunGard Data Systems Inc.
Computation of Ratio of Earnings to Fixed Charges (Unaudited)
($ in millions)
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
2014 | 2015 | 2014 | 2015 | |||||||||||||
Fixed charges | ||||||||||||||||
Interest expense | $ | 68 | $ | 68 | $ | 136 | $ | 135 | ||||||||
Amortization of debt issuance costs and debt discount | 4 | 4 | 11 | 8 | ||||||||||||
Portion of rental expense representative of interest | 5 | 5 | 10 | 9 | ||||||||||||
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Total fixed charges | $ | 77 | $ | 77 | $ | 157 | $ | 152 | ||||||||
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Earnings | ||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 5 | $ | 39 | $ | (419 | ) | $ | 83 | |||||||
Fixed charges per above | 77 | 77 | 157 | 152 | ||||||||||||
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Total earnings | $ | 82 | $ | 116 | $ | (262 | ) | $ | 235 | |||||||
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Ratio of earnings to fixed charges | 1.1 | 1.5 | * | 1.5 |
* | Earnings for the six months ended June 30, 2014 were inadequate to cover fixed charges by $419 million. |