EX-12.1 10 w77517b3exv12w1.htm EXHIBIT 12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12w1
Exhibit 12.1
SunGard Capital Corp.
SunGard Capital Corp. II
SunGard Data Systems Inc.
Computation of Ratio of Earnings to Fixed Charges (Unaudited)
($ in millions)
                                                   
               
    Predecessor(1)       Successor  
              August 11                          
    January 1       through                          
    through August       December 31,                          
    10, 2005       2005     2006     2007     2008     2009  
 
                                                 
Fixed charges
                                                 
Interest expense
  $ 14       $ 228     $ 616     $ 608     $ 561     $ 584  
Amortization of debt issuance costs and debt discount
    3         20       40       37       37       42  
Portion of rental expense representative of interest
    38         25       61       69       75       81  
 
                                     
Total fixed charges
  $ 55       $ 273     $ 717     $ 714     $ 673     $ 707  
 
                                     
 
                                                 
Earnings
                                                 
Income (loss) before income taxes
  $ 288       $ (62 )   $ (139 )(2)   $ (63 )   $ (204 )(3)   $ (1,191 )
 
                                                 
Fixed charges per above
    55         273       717       714       673       707  
 
                                     
Total earnings
  $ 343       $ 211     $ 578 (2)   $ 651     $ 469 (3)   $ (484 )
 
                                     
 
                                                 
Ratio of earnings to fixed charges
    6.2         *       *       *       *       *  
 
*   Earnings for the period August 11 through December 31, 2005 and for the years ended December 31, 2006, 2007, 2008 and 2009 were inadequate to cover fixed charges by $62 million, $139 million, $63 million, $204 million and $1,191 million, respectively.
 
(1)   SunGard Capital Corp. (SCC) and SunGard Capital Corp. II (SCCII) were created in 2005 for the purpose of acquiring SunGard Data Systems Inc. (SunGard) which occurred on August 11, 2005. SCC and SCCII do not have results prior to August 11, 2005.
 
(2)   SCC’s income (loss) before operations and total earnings for 2006 were $(137) million and $580 million, respectively.
 
(3)   SCC’s income (loss) before operations and total earnings for 2008 were $(205) million and $468 million, respectively.