Exhibit 12.1
SunGard
Computation of Ratio of Earnings to Fixed Charges (Unaudited)
($ in millions)
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
2014 | 2015 | 2014 | 2015 | |||||||||||||
Fixed charges | ||||||||||||||||
Interest expense | $ | 68 | $ | 68 | $ | 205 | $ | 203 | ||||||||
Amortization of debt issuance costs and debt discount | 4 | 4 | 14 | 12 | ||||||||||||
Portion of rental expense representative of interest | 5 | 4 | 15 | 13 | ||||||||||||
Undeclared preferred stock dividend of SunGard Capital Corp. II before income taxes (at effective rate) | 84 | 44 | 170 | 155 | ||||||||||||
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Total fixed charges | $ | 161 | $ | 120 | $ | 404 | $ | 383 | ||||||||
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Earnings | ||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 22 | $ | 48 | $ | (397 | ) | $ | 131 | |||||||
Fixed charges per above | 161 | 120 | 404 | 383 | ||||||||||||
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Total earnings | $ | 183 | $ | 168 | $ | 7 | $ | 514 | ||||||||
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Ratio of earnings to fixed charges | 1.1 | 1.4 | * | 1.3 |
* | Earnings for the nine months ended September 30, 2014 were inadequate to cover fixed charges by $397 million. |
SunGard Capital Corp. II
SunGard Data Systems Inc.
Computation of Ratio of Earnings to Fixed Charges (Unaudited)
($ in millions)
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
2014 | 2015 | 2014 | 2015 | |||||||||||||
Fixed charges | ||||||||||||||||
Interest expense | $ | 68 | $ | 68 | $ | 205 | $ | 203 | ||||||||
Amortization of debt issuance costs and debt discount | 4 | 4 | 14 | 12 | ||||||||||||
Portion of rental expense representative of interest | 5 | 4 | 15 | 13 | ||||||||||||
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Total fixed charges | $ | 77 | $ | 76 | $ | 234 | $ | 228 | ||||||||
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Earnings | ||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 22 | $ | 48 | $ | (397 | ) | $ | 131 | |||||||
Fixed charges per above | 77 | 76 | 234 | 228 | ||||||||||||
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Total earnings | $ | 99 | $ | 124 | $ | (163 | ) | $ | 359 | |||||||
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Ratio of earnings to fixed charges | 1.3 | 1.6 | * | 1.6 |
* | Earnings for the nine months ended September 30, 2014 were inadequate to cover fixed charges by $397 million. |