EX-12.1 2 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of ratio of earnings to fixed charges

Exhibit 12.1

Ratio of Earnings to Fixed Charges Syniverse Holdings, Inc. (dollars in thousands)

 

     Year Ended
December 31,
2007
   Year Ended
December 31,
2006
    Year Ended
December 31,
2005
   Year Ended
December 31,
2004
   Year Ended
December 31,
2003
 

Net Income (loss)

   $ 52,419    $ 89,724     $ 9,804    $ 15,063    $ (57,926 )

Provision for (benefit from) income taxes

     31,310      (39,574 )     9,041      8,729      10,057  
                                     

Income (loss) before income taxes

   $ 83,729    $ 50,150     $ 18,845    $ 23,792    $ (47,869 )
                                     

Fixed charges:

             

Interest expensed

   $ 25,061    $ 26,788     $ 32,406    $ 44,577    $ 46,235  

Amortization of deferred financing costs and discount

     542      540       2,241      8,351      11,893  

Estimated interest factor on operating leases

     1,037      1,006       1,010      1,016      871  
                                     

Total fixed charges

     26,640      28,334       35,657      53,944      58,999  
                                     

Earnings:

             

Income (loss) before income taxes

     83,729      50,150       18,845      23,792      (47,869 )

Fixed charges

     26,640      28,334       35,657      53,944      58,999  
                                     

Total earnings

   $ 110,369    $ 78,484     $ 54,502    $ 77,736    $ 11,130  
                                     

Ratio of earnings to fixed charges

     4.14      2.77       1.53      1.44      0.19