Exhibit 12.1
SunGard Data Systems Inc.
Computation of Ratio of Earnings to Fixed Charges (Unaudited)
($ in millions)
Predecessor | Successor | |||||||||||||||||||||||||
Year ended December 31, 2004 | January 1 through August 10, 2005 | August 11 through December 31, 2005 | Year ended December 31, 2006 | Year ended December 31, 2007 | Year ended December 31, 2008 | |||||||||||||||||||||
Fixed charges | ||||||||||||||||||||||||||
Interest expense | $ | 28 | $ | 14 | $ | 228 | $ | 616 | $ | 608 | $ | 561 | ||||||||||||||
Amortization of debt issuance costs and debt discount | 1 | 3 | 20 | 40 | 37 | 37 | ||||||||||||||||||||
Portion of rental expense representative of interest | 57 | 38 | 25 | 61 | 69 | 75 | ||||||||||||||||||||
Total fixed charges | $ | 86 | $ | 55 | $ | 273 | $ | 717 | $ | 714 | $ | 673 | ||||||||||||||
Earnings | ||||||||||||||||||||||||||
Income (loss) before income taxes | $ | 761 | $ | 288 | $ | (62 | ) | $ | (139 | ) | $ | (63 | ) | $ | (204 | ) | ||||||||||
Fixed charges per above | 86 | 55 | 273 | 717 | 714 | 673 | ||||||||||||||||||||
Total earnings | $ | 847 | $ | 343 | $ | 211 | $ | 578 | $ | 651 | $ | 469 | ||||||||||||||
Ratio of earnings to fixed charges | 9.8 | 6.2 | * | * | * | * |
* | Earnings for the period August 11 through December 31, 2005 and for the years ended December 31, 2006, 2007 and 2008 were inadequate to cover fixed charges by $62 million, $139 million, $63 million and $204 million, respectively. |