Exhibit 12.1
SunGard Data Systems Inc.
Computation of Ratio of Earnings to Fixed Charges (Unaudited)
($ in millions)
Predecessor | Successor | ||||||||||||||||||||||
Year ended December 31, 2003 | 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 | ||||||||||||||||||
Fixed charges | |||||||||||||||||||||||
Interest expense | $ | 8 | $ | 28 | $ | 14 | $ | 228 | $ | 616 | $ | 608 | |||||||||||
Amortization of debt issuance costs and debt discount | 3 | 1 | 3 | 20 | 40 | 37 | |||||||||||||||||
Portion of rental expense representative of interest | 50 | 57 | 38 | 25 | 61 | 69 | |||||||||||||||||
Total fixed charges | $ | 61 | $ | 86 | $ | 55 | $ | 273 | $ | 717 | $ | 714 | |||||||||||
Earnings | |||||||||||||||||||||||
Income (loss) before income taxes | $ | 615 | $ | 761 | $ | 288 | $ | (62 | ) | $ | (139 | ) | $ | (63 | ) | ||||||||
Fixed charges per above | 61 | 86 | 55 | 273 | 717 | 714 | |||||||||||||||||
Total earnings | $ | 676 | $ | 847 | $ | 343 | $ | 211 | $ | 578 | $ | 651 | |||||||||||
Ratio of earnings to fixed charges | 11.1 | 9.8 | 6.2 | * | * | * |
* | Earnings for the period August 11 through December 31, 2005 and for the years ended December 31, 2006 and 2007 were inadequate to cover fixed charges by $62 million, $139 million and $63 million, respectively. |