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)

 

     Three Months Ended June 30,    Six Months Ended June 30,  
     2007     2008    2007     2008  

Fixed charges (a)

         

Interest expense

   $ 150     $ 133    $ 306     $ 272  

Amortization of debt issuance costs and debt discount

     9       9      18       18  

Portion of rental expense representative of interest

     20       19      36       37  
                               

Total fixed charges

   $ 179     $ 161    $ 360     $ 327  
                               

Earnings

         

Income (loss) before income taxes

   $ (24 )   $ 2    $ (107 )   $ (38 )

Fixed charges per above

     179       161      360       327  
                               

Total earnings

   $ 155     $ 163    $ 253     $ 289  
                               

Ratio of earnings to fixed charges

     *       1.0      *       *  

 

* Earnings for the three months ended June 30, 2007 and the six months ended June 30, 2007 and 2008 were inadequate to cover fixed charges by $24 million, $107 million and $38 million, respectively.

 

(a) Fixed charges for 2007 excludes approximately $28 million of expense associates with the early retirement of the $400 million of senior floating rate notes due 2013.