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 September 30,     Nine Months Ended September 30,  
     2007     2008     2007     2008  

Fixed charges (a)

        

Interest expense

   $ 152     $ 134     $ 458     $ 406  

Amortization of debt issuance costs and debt discount

     10       9       28       27  

Portion of rental expense representative of interest

     17       19       53       56  
                                

Total fixed charges

   $ 179     $ 162     $ 539     $ 489  
                                

Earnings

        

Income (loss) before income taxes

   $ (4 )   $ (26 )   $ (111 )   $ (64 )

Fixed charges per above

     179       162       539       489  
                                

Total earnings

   $ 175     $ 136     $ 428     $ 425  
                                

Ratio of earnings to fixed charges

     *       *       *       *  

 

* Earnings for the three months ended September 30, 2007 and 2008 and the nine months ended September 30, 2007 and 2008 were inadequate to cover fixed charges by $4 million, $26 million, $111 million and $64 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.