Exhibit 12.1
SS&C Technologies Holdings, Inc.
Computation of Ratio of Earnings to Fixed Charges (Unaudited)
($ in thousands)
| Quarter Ended March 31, 2015 | Year Ended December 31, | |||||||||||||||||||||||
| 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||||||
| (in thousands, except ratios) | ||||||||||||||||||||||||
Income (loss) before income taxes | $ | 36,026 | $ | 177,654 | $ | 145,187 | $ | 70,485 | $ | 73,939 | $ | 44,447 | ||||||||||||
Fixed charges | 7,547 | 32,692 | 47,878 | 37,999 | 18,331 | 34,075 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Income available for fixed charges | $ | 43,573 | $ | 210,346 | $ | 193,065 | $ | 108,484 | $ | 92,270 | $ | 78,522 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest expense(1) | $ | 6,091 | $ | 27,177 | $ | 42,395 | $ | 32,918 | $ | 14,748 | $ | 30,582 | ||||||||||||
One third of rent expense(2) | 1,456 | 5,515 | 5,483 | 5,081 | 3,583 | 3,493 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total fixed charges | $ | 7,547 | $ | 32,692 | $ | 47,878 | $ | 37,999 | $ | 18,331 | $ | 34,075 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio of earnings to fixed charges | 5.8 | 6.4 | 4.0 | 2.9 | 5.0 | 2.3 | ||||||||||||||||||
| (1) | Includes amortization of deferred financing fees and original issue discount. Excludes interest related to uncertain tax positions, which is recorded in our tax provision. |
| (2) | Portion of rentals deemed to be a reasonable approximation of the interest factor. |
