Exhibit 12.1
SunGard Capital Corp.
Computation of Ratio of Earnings to Fixed Charges (Unaudited)
($ in millions)
Three Months Ended March 31, | ||||||||
2014 | 2015 | |||||||
Fixed charges | ||||||||
Interest expense | $ | 68 | $ | 67 | ||||
Amortization of debt issuance costs and debt discount | 7 | 4 | ||||||
Portion of rental expense representative of interest | 4 | 5 | ||||||
Undeclared preferred stock dividend of SunGard Capital Corp. II before income taxes (at effective rate) | 66 | 73 | ||||||
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Total fixed charges | $ | 145 | $ | 149 | ||||
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Earnings | ||||||||
Income (loss) from continuing operations before income taxes | $ | (424 | ) | $ | 44 | |||
Fixed charges per above | 145 | 149 | ||||||
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Total earnings | $ | (279 | ) | $ | 193 | |||
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Ratio of earnings to fixed charges | * | 1.3 |
* | Earnings for the three months ended March 31, 2014 were inadequate to cover fixed charges by $424 million. |
SunGard Capital Corp. II
SunGard Data Systems Inc.
Computation of Ratio of Earnings to Fixed Charges (Unaudited)
($ in millions)
Three Months Ended March 31, | ||||||||
2014 | 2015 | |||||||
Fixed charges | ||||||||
Interest expense | $ | 68 | $ | 67 | ||||
Amortization of debt issuance costs and debt discount | 7 | 4 | ||||||
Portion of rental expense representative of interest | 4 | 5 | ||||||
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Total fixed charges | $ | 79 | $ | 76 | ||||
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Earnings | ||||||||
Income (loss) from continuing operations before income taxes | $ | (424 | ) | $ | 44 | |||
Fixed charges per above | 79 | 76 | ||||||
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Total earnings | $ | (345 | ) | $ | 120 | |||
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Ratio of earnings to fixed charges | * | 1.6 |
* | Earnings for the three months ended March 31, 2014 were inadequate to cover fixed charges by $424 million. |