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, | |||||||||||||||
2013 | 2014 | 2013 | 2014 | |||||||||||||
Fixed charges | ||||||||||||||||
Interest expense | $ | 72 | $ | 68 | $ | 217 | $ | 205 | ||||||||
Amortization of debt issuance costs and debt discount | 6 | 4 | 30 | 14 | ||||||||||||
Portion of rental expense representative of interest | 5 | 5 | 15 | 15 | ||||||||||||
Undeclared preferred stock dividend of SunGard Capital Corp. II before income taxes (at effective rate) | 65 | 86 | 203 | 169 | ||||||||||||
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Total fixed charges | $ | 148 | $ | 163 | $ | 465 | $ | 403 | ||||||||
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Earnings | ||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 29 | $ | 22 | $ | (13 | ) | $ | (397 | ) | ||||||
Fixed charges per above | 148 | 163 | 465 | 403 | ||||||||||||
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Total earnings | $ | 177 | $ | 185 | $ | 452 | $ | 6 | ||||||||
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Ratio of earnings to fixed charges | 1.2 | 1.1 | * | * |
* | Earnings for the nine month periods ended September 30, 2013 and 2014 were inadequate to cover fixed charges by $13 million and $397 million, respectively. |
SunGard Capital Corp. II
SunGard Data Systems Inc.
Computation of Ratio of Earnings to Fixed Charges (Unaudited)
($ in millions)
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
2013 | 2014 | 2013 | 2014 | |||||||||||||
Fixed charges | ||||||||||||||||
Interest expense | $ | 72 | $ | 68 | $ | 217 | $ | 205 | ||||||||
Amortization of debt issuance costs and debt discount | 6 | 4 | 30 | 14 | ||||||||||||
Portion of rental expense representative of interest | 5 | 5 | 15 | 15 | ||||||||||||
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Total fixed charges | $ | 83 | $ | 77 | $ | 262 | $ | 234 | ||||||||
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Earnings | ||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 29 | $ | 22 | $ | (13 | ) | $ | (397 | ) | ||||||
Fixed charges per above | 83 | 77 | 262 | 234 | ||||||||||||
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Total earnings | $ | 112 | $ | 99 | $ | 249 | $ | (163 | ) | |||||||
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Ratio of earnings to fixed charges | 1.3 | 1.3 | * | * |
* | Earnings for the nine month periods ended September 30, 2013 and 2014 were inadequate to cover fixed charges by $13 million and $397 million, respectively. |