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  
    

Year ended
December 31,
2002

   

Year ended
December 31,
2003

   

Year ended
December 31,
2004

    January 1
through
August 10,
2005		        August 11
through
December 31,
2005		     Year ended
December 31,
2006		  

Fixed charges

                       

Interest expense

    $ 10    $ 8    $ 28    $ 14        $ 228     $ 616  

Amortization of debt issuance costs and debt discount

      3      3      1      3          20       40  

Portion of rental expense representative of interest

      42      50      57      38          25       61  
                                                

Total fixed charges

    $ 55    $ 61    $ 86    $ 55        $ 273     $ 717  
                                                

Earnings

                       

Income (loss) before income taxes

    $ 543    $ 615    $ 761    $ 288        $ (62 )   $ (139 )

Fixed charges per above

      55      61      86      55          273       717  
                                                

Total earnings

    $ 598    $ 676    $ 847    $ 343        $ 211     $ 578  
                                                

Ratio of earnings to fixed charges

      10.9      11.1      9.8      6.2          *       *  
                                                

 

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