EX-12.1 9 d729084dex121.htm COMPUTATION OF RATIO TO EARNINGS TO FIXED CHARGES Computation 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)

 

     Year Ended December 31,  
     2009     2010     2011     2012     2013  

Fixed charges

           

Interest expense

    $ 523      $ 525      $ 423      $ 325      $ 289   

Amortization of debt issuance costs and debt discount

      42        43        40        36        37   

Portion of rental expense representative of interest

      30        27        26        23        21   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total fixed charges

    $ 595      $ 595      $ 489      $ 384      $ 347   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Earnings

           

Income (loss) from continuing operations before income taxes

    $ (311 )    $ (559 )    $ (221 )    $ (92 )    $ 72   

Fixed charges per above

      595        595        489        384        347   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total earnings

    $ 284      $ 36      $ 268      $ 292      $ 419   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ratio of earnings to fixed charges

         *         *         *         *      1.2   

 

* Earnings for the years ended December 31, 2009, 2010, 2011 and 2012 were inadequate to cover fixed charges by $311 million, $559 million, $221 million and $92 million, respectively.