EX-12.1 7 dex121.htm RATIO OF EARNINGS Ratio of Earnings

Exhibit 12.1

 

Ratio of Earnings to Fixed Charges

Syniverse Holdings, Inc. and Predecessor

(dollars in thousands)

 

     Predecessor

  Successor

     Year Ended
December 31,
2000


   Year Ended
December 31,
2001


   Period from
January 1 to
February 13,
2002


  Period from
February 14 to
December 31,
2002


   Year Ended
December 31,
2003


    Year Ended
December 31,
2004


Net income

   $ 51,051    $ 69,258    $ 6,917   $ 631    $ (57,926 )   $ 15,063

Provision for income taxes

     32,548      43,895      4,418     9,320      10,057       8,729
    

  

  

 

  


 

Income (loss) before income taxes

   $ 83,599    $ 113,153    $ 11,335   $ 9,951    $ (47,869 )   $ 23,792
    

  

  

 

  


 

Fixed charges:

                                         

Interest expensed net of amounts capitalized

   $ 22    $ —      $ —     $ 45,428    $ 46,235     $ 44,577

Amortization of deferred financing costs and discount

     —        —        —       8,677      11,893       8,351

Estimated interest factor on operating leases

     403      463      59     864      871       1,016
    

  

  

 

  


 

Total fixed charges

   $ 425    $ 463    $ 59   $ 54,969    $ 58,999     $ 53,944
    

  

  

 

  


 

Earnings:

                                         

Income before income taxes

   $ 83,599    $ 113,153    $ 11,335   $ 9,951    $ (47,869 )   $ 23,792

Fixed charges

     425      463      59     54,969      58,999       53,944
    

  

  

 

  


 

Total earnings

   $ 84,024    $ 113,616    $ 11,394   $ 64,920    $ 11,130     $ 77,736
    

  

  

 

  


 

Ratio of earnings to fixed charges

     197.70      245.39      193.12     1.18      0.19       1.44