EX-12.1 3 c15980exv12w1.htm EXHIBIT 12.1 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12.1
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 March 31,  
    2010     2011  
Fixed charges
                
Interest expense
   $ 149     $ 127  
Amortization of debt issuance costs and debt discount
     11       10  
Portion of rental expense representative of interest
     20       20  
 
            
 
                
Total fixed charges
   $ 180     $ 157  
 
            
 
                
Earnings
                
Income (loss) from continuing operations before income taxes
   $ (88 )   $ (75 )
 
                
Fixed charges per above
     180       157  
 
            
 
                
Total earnings
   $ 92     $ 82  
 
            
 
                
Ratio of earnings to fixed charges
     *       *  
     
*   Earnings for the three months ended March 31, 2010 and 2011 were inadequate to cover fixed charges by $88 million and $75 million, respectively.