Exhibit 12.1
SunGard Capital Corp.
Computation of Ratio of Earnings to Fixed Charges (Unaudited)
($ in millions)
Three Months Ended March 31, | ||||||||
2012 | 2013 | |||||||
Fixed charges | ||||||||
Interest expense | $ | 110 | $ | 92 | ||||
Amortization of debt issuance costs and debt discount | 12 | 16 | ||||||
Portion of rental expense representative of interest | 18 | 17 | ||||||
Undeclared preferred stock dividend of SunGard Capital Corp. II before income taxes (at effective rate) | 68 | 30 | ||||||
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Total fixed charges | $ | 208 | $ | 155 | ||||
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Earnings | ||||||||
Income (loss) from continuing operations before income taxes | $ | (83 | ) | $ | (56 | ) | ||
Fixed charges per above | 208 | 155 | ||||||
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Total earnings | $ | 125 | $ | 99 | ||||
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Ratio of earnings to fixed charges | * | * |
* | Earnings for the three months ended March 31, 2012 and 2013 were inadequate to cover fixed charges by $83 million and $56 million, respectively. |
SunGard Capital Corp. II
SunGard Data Systems Inc.
Computation of Ratio of Earnings to Fixed Charges (Unaudited)
($ in millions)
Three Months Ended March 31, | ||||||||
2012 | 2013 | |||||||
Fixed charges | ||||||||
Interest expense | $ | 110 | $ | 92 | ||||
Amortization of debt issuance costs and debt discount | 12 | 16 | ||||||
Portion of rental expense representative of interest | 18 | 17 | ||||||
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Total fixed charges | $ | 140 | $ | 125 | ||||
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Earnings | ||||||||
Income (loss) from continuing operations before income taxes | $ | (83 | ) | $ | (56 | ) | ||
Fixed charges per above | 140 | 125 | ||||||
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Total earnings | $ | 57 | $ | 69 | ||||
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Ratio of earnings to fixed charges | * | * |
* | Earnings for the three months ended March 31, 2012 and 2013 were inadequate to cover fixed charges by $83 million and $56 million, respectively. |