Exhibit 12.1
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, | ||||||||||||||
2007 | 2008 | 2007 | 2008 | ||||||||||||
Fixed charges(a) | |||||||||||||||
Interest expense | $ | 150 | $ | 133 | $ | 306 | $ | 272 | |||||||
Amortization of debt issuance costs and debt discount | 9 | 9 | 18 | 18 | |||||||||||
Portion of rental expense representative of interest | 20 | 19 | 36 | 37 | |||||||||||
Total fixed charges | $ | 179 | $ | 161 | $ | 360 | $ | 327 | |||||||
Earnings | |||||||||||||||
Income (loss) before income taxes | $ | (24 | ) | $ | 2 | $ | (107 | ) | $ | (38 | ) | ||||
Fixed charges per above | 179 | 161 | 360 | 327 | |||||||||||
Total earnings | $ | 155 | $ | 163 | $ | 253 | $ | 289 | |||||||
Ratio of earnings to fixed charges | * | 1.0 | * | * |
* | Earnings for the three months ended June 30, 2007 and the six months ended June 30, 2007 and 2008 were inadequate to cover fixed charges by $24 million, $107 million and $38 million, respectively. |
(a) | Fixed charges for 2007 excludes approximately $28 million of expense associates with the early retirement of the $400 million of senior floating rate notes due 2013. |