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, | |||||||||||||||
2011 | 2012 | 2011 | 2012 | |||||||||||||
Fixed charges | ||||||||||||||||
Interest expense | $ | 120 | $ | 94 | $ | 247 | $ | 204 | ||||||||
Amortization of debt issuance costs and debt discount | 10 | 7 | 20 | 19 | ||||||||||||
Portion of rental expense representative of interest | 19 | 18 | 38 | 37 | ||||||||||||
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Total fixed charges | $ | 149 | $ | 119 | $ | 305 | $ | 260 | ||||||||
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Earnings | ||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | (51 | ) | $ | (33 | ) | $ | (140 | ) | $ | (117 | ) | ||||
Fixed charges per above | 149 | 119 | 305 | 260 | ||||||||||||
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Total earnings | $ | 98 | $ | 86 | $ | 165 | $ | 143 | ||||||||
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Ratio of earnings to fixed charges | * | * | * | * |
* | Earnings for the three months ended June 30, 2011 and 2012 were inadequate to cover fixed charges by $51 million and $33 million, respectively. Earnings for the six months ended June 30, 2011 and 2012 were inadequate to cover fixed charges by $140 million and $117 million, respectively. |