Exhibit 12.1
SunGard Capital Corp.
Computation of Ratio of Earnings to Fixed Charges (Unaudited)
($ in millions)
| | | | | | | | | | | | | | | | |
| | Three Months Ended September 30, | | | Nine Months Ended September 30, | |
| | 2012 | | | 2013 | | | 2012 | | | 2013 | |
Fixed charges | | | | | | | | | | | | | | | | |
Interest expense | | $ | 95 | | | $ | 90 | | | $ | 299 | | | $ | 272 | |
Amortization of debt issuance costs and debt discount | | | 7 | | | | 6 | | | | 26 | | | | 30 | |
Portion of rental expense representative of interest | | | 17 | | | | 18 | | | | 54 | | | | 52 | |
Undeclared preferred stock dividend of SunGard Capital Corp. II before income taxes (at effective rate) | | | 37 | | | | 154 | | | | 204 | | | | 255 | |
| | | | | | | | | | | | | | | | |
Total fixed charges | | $ | 156 | | | $ | 268 | | | $ | 583 | | | $ | 609 | |
| | | | | | | | | | | | | | | | |
Earnings | | | | | | | | | | | | | | | | |
Income (loss) from continuing operations before income taxes | | $ | (380 | ) | | $ | 26 | | | $ | (495 | ) | | $ | (19 | ) |
| | | | |
Fixed charges per above | | | 156 | | | | 268 | | | | 583 | | | | 609 | |
| | | | | | | | | | | | | | | | |
Total earnings | | $ | (224 | ) | | $ | 294 | | | $ | 88 | | | $ | 590 | |
| | | | | | | | | | | | | | | | |
Ratio of earnings to fixed charges | | | * | | | | 1.1 | | | | * | | | | * | |
* | Earnings for the three months ended September 30, 2012 and for the nine months ended September 30, 2012 and 2013 were inadequate to cover fixed charges by $380 million, $495 million and $19 million, respectively. |
SunGard Capital Corp. II
SunGard Data Systems Inc.
Computation of Ratio of Earnings to Fixed Charges (Unaudited)
($ in millions)
| | | | | | | | | | | | | | | | |
| | Three Months Ended September 30, | | | Nine Months Ended September 30, | |
| | 2012 | | | 2013 | | | 2012 | | | 2013 | |
Fixed charges | | | | | | | | | | | | | | | | |
Interest expense | | $ | 95 | | | $ | 90 | | | $ | 299 | | | $ | 272 | |
Amortization of debt issuance costs and debt discount | | | 7 | | | | 6 | | | | 26 | | | | 30 | |
Portion of rental expense representative of interest | | | 17 | | | | 18 | | | | 54 | | | | 52 | |
| | | | | | | | | | | | | | | | |
Total fixed charges | | $ | 119 | | | $ | 114 | | | $ | 379 | | | $ | 354 | |
| | | | | | | | | | | | | | | | |
Earnings | | | | | | | | | | | | | | | | |
Income (loss) from continuing operations before income taxes | | $ | (380 | ) | | $ | 26 | | | $ | (495 | ) | | $ | (19 | ) |
Fixed charges per above | | | 119 | | | | 114 | | | | 379 | | | | 354 | |
| | | | | | | | | | | | | | | | |
Total earnings | | $ | (261 | ) | | $ | 140 | | | $ | (116 | ) | | $ | 335 | |
| | | | | | | | | | | | | | | | |
Ratio of earnings to fixed charges | | | * | | | | 1.2 | | | | * | | | | * | |
* | Earnings for the three months ended September 30, 2012 and for the nine months ended September 30, 2012 and 2013 were inadequate to cover fixed charges by $380 million, $495 million and $19 million, respectively. |