EX-12.1 2 dex121.htm COMPUTATIONS OF RATIO TO EARNINGS TO FIXED CHARGES Computations of Ratio to Earnings to Fixed Charges

Exhibit 12.1

SunGard Data Systems Inc.

Computation of Ratio of Earnings to Fixed Charges (Unaudited)

($ in millions)

 

     Predecessor           Successor  
     Year ended
December 31,
2004		    January 1
through
August 10,
2005		           August 11
through
December 31,
2005		     Year ended
December 31,
2006		     Year ended
December 31,
2007		     Year ended
December 31,
2008		  

Fixed charges

                  

Interest expense

    $ 28    $ 14       $ 228     $ 616     $ 608     $ 561  

Amortization of debt issuance costs and debt discount

      1      3         20       40       37       37  

Portion of rental expense representative of interest

      57      38         25       61       69       75  
                                                 

Total fixed charges

    $ 86    $ 55       $ 273     $ 717     $ 714     $ 673  
                                                 

Earnings

                  

Income (loss) before income taxes

    $ 761    $ 288       $ (62 )   $ (139 )   $ (63 )   $ (204 )

Fixed charges per above

      86      55         273       717       714       673  
                                                 

Total earnings

    $ 847    $ 343       $ 211     $ 578     $ 651     $ 469  
                                                 

Ratio of earnings to fixed charges

      9.8      6.2         *       *       *       *  

 

* Earnings for the period August 11 through December 31, 2005 and for the years ended December 31, 2006, 2007 and 2008 were inadequate to cover fixed charges by $62 million, $139 million, $63 million and $204 million, respectively.