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)
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
2010 | 2011 | 2010 | 2011 | |||||||||||||
Fixed charges | ||||||||||||||||
Interest expense | $ | 148 | $ | 120 | $ | 297 | $ | 247 | ||||||||
Amortization of debt issuance costs and debt discount | 11 | 10 | 22 | 20 | ||||||||||||
Portion of rental expense representative of interest | 20 | 20 | 40 | 39 | ||||||||||||
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Total fixed charges | $ | 179 | $ | 150 | $ | 359 | $ | 306 | ||||||||
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Earnings | ||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | (20 | ) | $ | (21 | ) | $ | (108 | ) | $ | (96 | ) | ||||
Fixed charges per above | 179 | 150 | 359 | 306 | ||||||||||||
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Total earnings | $ | 159 | $ | 129 | $ | 251 | $ | 210 | ||||||||
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Ratio of earnings to fixed charges | * | * | * | * |
* | Earnings for the three months ended June 30, 2010 and 2011 were inadequate to cover fixed charges by $20 million and $21 million, respectively. Earnings for the six months ended June 30, 2010 and 2011 were inadequate to cover fixed charges by $108 million and $96 million, respectively. |