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 September 30, | Nine Months Ended September 30, | |||||||||||||||
2011 | 2012 | 2011 | 2012 | |||||||||||||
Fixed charges | ||||||||||||||||
Interest expense | $ | 120 | $ | 95 | $ | 366 | $ | 299 | ||||||||
Amortization of debt issuance costs and debt discount | 10 | 7 | 29 | 26 | ||||||||||||
Portion of rental expense representative of interest | 20 | 17 | 59 | 54 | ||||||||||||
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Total fixed charges | $ | 150 | $ | 119 | $ | 454 | $ | 379 | ||||||||
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Earnings | ||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | (66 | ) | $ | (380 | ) | $ | (205 | ) | $ | (495 | ) | ||||
Fixed charges per above | 150 | 119 | 454 | 379 | ||||||||||||
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Total earnings | $ | 84 | $ | (261 | ) | $ | 249 | $ | (116 | ) | ||||||
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Ratio of earnings to fixed charges | * | * | * | * |
* | Earnings for the three months ended September 30, 2011 and 2012 were inadequate to cover fixed charges by $66 million and $380 million, respectively. Earnings for the nine months ended September 30, 2011 and 2012 were inadequate to cover fixed charges by $205 million and $495 million, respectively. |