Exhibit 12.1
SunGard Capital Corp.
SunGard Capital Corp. II
SunGard Data Systems Inc.
Computation of Ratio of Earnings to Fixed Charges (Unaudited)
($ in millions)
SunGard Capital Corp. II
SunGard Data Systems Inc.
Computation of Ratio of Earnings to Fixed Charges (Unaudited)
($ in millions)
Predecessor(1) | Successor | ||||||||||||||||||||||||
August 11 | |||||||||||||||||||||||||
January 1 | through | ||||||||||||||||||||||||
through August | December 31, | ||||||||||||||||||||||||
10, 2005 | 2005 | 2006 | 2007 | 2008 | 2009 | ||||||||||||||||||||
Fixed charges | |||||||||||||||||||||||||
Interest expense | $ | 14 | $ | 228 | $ | 616 | $ | 608 | $ | 561 | $ | 584 | |||||||||||||
Amortization of debt issuance costs and debt discount | 3 | 20 | 40 | 37 | 37 | 42 | |||||||||||||||||||
Portion of rental expense representative of interest | 38 | 25 | 61 | 69 | 75 | 81 | |||||||||||||||||||
Total fixed charges | $ | 55 | $ | 273 | $ | 717 | $ | 714 | $ | 673 | $ | 707 | |||||||||||||
Earnings | |||||||||||||||||||||||||
Income (loss) before income taxes | $ | 288 | $ | (62 | ) | $ | (139 | )(2) | $ | (63 | ) | $ | (204 | )(3) | $ | (1,191 | ) | ||||||||
Fixed charges per above | 55 | 273 | 717 | 714 | 673 | 707 | |||||||||||||||||||
Total earnings | $ | 343 | $ | 211 | $ | 578 | (2) | $ | 651 | $ | 469 | (3) | $ | (484 | ) | ||||||||||
Ratio of earnings to fixed charges | 6.2 | * | * | * | * | * |
* | Earnings for the period August 11 through December 31, 2005 and for the years ended December 31, 2006, 2007, 2008 and 2009 were inadequate to cover fixed charges by $62 million, $139 million, $63 million, $204 million and $1,191 million, respectively. | |
(1) | SunGard Capital Corp. (SCC) and SunGard Capital Corp. II (SCCII) were created in 2005 for the purpose of acquiring SunGard Data Systems Inc. (SunGard) which occurred on August 11, 2005. SCC and SCCII do not have results prior to August 11, 2005. | |
(2) | SCC’s income (loss) before operations and total earnings for 2006 were $(137) million and $580 million, respectively. | |
(3) | SCC’s income (loss) before operations and total earnings for 2008 were $(205) million and $468 million, respectively. |