EX-12.1 2 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)

 

     Predecessor  

Successor

 
    

Period from

January 1

through
August 10,
2005

 

Period from

August 11

through

September 30,

2005

  

Nine Months

Ended

September 30,

2006

 
Fixed charges          

Interest expense

   $ 14   $            82    $ 459  

Amortization of debt issuance costs and debt discount

     3   6      25  

Portion of rental expense representative of interest

     38   8      44  
                   

Total fixed charges

   $ 55   $            96    $ 528  
                   
Earnings          

Income (loss) before income taxes

   $ 288   $        (43)    $ (147 )
 

Fixed charges per above

     55   96      528  
                   
 

Total earnings

   $ 343   $            53    $ 381  
                   

Ratio of earnings to fixed charges

     6.2   *      *  

* Earnings for the period from August 11 through September 30, 2005 and for the nine month period ended September 30, 2006 were inadequate to cover fixed charges by $43 million and $147 million, respectively.

 

     Predecessor    

Successor

 
    

Period from

July 1

through
August 10,

2005

   

Period from

August 11

through

September 30,

2005

  

Three Months

Ended

September 30,

2006

 

Fixed charges

         

Interest expense

   $ 3     $            82    $ 157  

Amortization of debt issuance costs and debt discount

     —       6      8  

Portion of rental expense representative of interest

     7     8      15  
                     

Total fixed charges

   $ 10     $            96    $ 180  
                     

Earnings

         

Loss before income taxes

   $ (37 )   $            (43)    $ (29 )
 

Fixed charges per above

     10     96      180  
                     

Total earnings (loss)

   $ (27 )   $            53    $ 151  
                     

Ratio of earnings to fixed charges

     *     *      *  

* Earnings for the period from July 1 through August 10, 2005, and for the period from August 11 through September 30, 2005 and for the three month period ended September 30, 2006 were inadequate to cover fixed charges by $37 million, $43 million and $29 million, respectively.