Exhibit 12.1
SunGard Data Systems Inc.
Computation of Ratio of Earnings to Fixed Charges (Unaudited)
($ in millions)
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
2007 | 2008 | 2007 | 2008 | |||||||||||||
Fixed charges(a) | ||||||||||||||||
Interest expense | $ | 152 | $ | 134 | $ | 458 | $ | 406 | ||||||||
Amortization of debt issuance costs and debt discount | 10 | 9 | 28 | 27 | ||||||||||||
Portion of rental expense representative of interest | 17 | 19 | 53 | 56 | ||||||||||||
Total fixed charges | $ | 179 | $ | 162 | $ | 539 | $ | 489 | ||||||||
Earnings | ||||||||||||||||
Income (loss) before income taxes | $ | (4 | ) | $ | (26 | ) | $ | (111 | ) | $ | (64 | ) | ||||
Fixed charges per above | 179 | 162 | 539 | 489 | ||||||||||||
Total earnings | $ | 175 | $ | 136 | $ | 428 | $ | 425 | ||||||||
Ratio of earnings to fixed charges | * | * | * | * |
* | Earnings for the three months ended September 30, 2007 and 2008 and the nine months ended September 30, 2007 and 2008 were inadequate to cover fixed charges by $4 million, $26 million, $111 million and $64 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. |