EX-12.1 8 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

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,  
     2006     2007     2006     2007  

Fixed charges (a)

        

Interest expense

   $ 157     $ 152     $ 459     $ 458  

Amortization of debt issuance costs and debt discount

     9       10       25       28  

Portion of rental expense representative of interest

     15       17       44       53  
                                

Total fixed charges

   $ 181     $ 179     $ 528     $ 539  
                                

Earnings

        

Income (loss) before income taxes

   $ (29 )   $ (4 )   $ (147 )   $ (111 )

Fixed charges per above

     181       179       528       539  
                                

Total earnings

   $ 152     $ 175     $ 381     $ 428  
                                

Ratio of earnings to fixed charges

     *       *       *       *  

* Earnings for the three and nine months ended September 30, 2006 and 2007 were inadequate to cover fixed charges by $29 million, $4 million, $147 million and $111 million, respectively.
(a) Fixed charges for the nine months ended September 30, 2007 excludes approximately $28 million of expense associates with the early retirement of the $400 million of senior floating rate notes due 2013.