EX-12.1 2 d284213dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

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)

 

       Three Months
Ended
September 30,		      Nine Months
Ended
September 30,		  
       2010      2011      2010      2011  

Fixed charges

              

Interest expense

      $ 150       $ 120       $ 446       $ 366   

Amortization of debt issuance costs and debt discount

        10         10         33         29   

Portion of rental expense representative of interest

        19         20         58         59   
    

 

 

     

 

 

     

 

 

     

 

 

  

Total fixed charges

      $ 179       $ 150       $ 537       $ 454   
    

 

 

     

 

 

     

 

 

     

 

 

  

Earnings

              

Income (loss) from continuing operations before income taxes

      $ (287 )     $ (68 )     $ (440 )     $ (208 ) 

Fixed charges per above

        179         150         537         454   
    

 

 

     

 

 

     

 

 

     

 

 

  

Total earnings

      $ (108 )     $ 82       $ 97       $ 246   
    

 

 

     

 

 

     

 

 

     

 

 

  

Ratio of earnings to fixed charges

        *         *         *         *   

 

* Earnings for the three months ended September 30, 2010 and 2011 were inadequate to cover fixed charges by $287 million and $68 million, respectively. Earnings for the nine months ended September 30, 2010 and 2011 were inadequate to cover fixed charges by $440 million and $208 million, respectively.