EX-12.1 4 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

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)

 

     2006     2007      2008      2009      2010  

Fixed charges

              

Interest expense

    $ 616      $ 608       $ 561       $ 595       $ 596   

Amortization of debt issuance costs and debt discount

      40        37         37         42         43   

Portion of rental expense representative of interest

      62        69         74         81         79   
                                           

Total fixed charges

    $ 718      $ 714       $ 672       $ 718       $ 718   
                                           

Earnings

              

Income (loss) from continuing operations before income taxes

    $ (150 )(1)    $ (61 )     $ (41 )     $ (1,196 )     $ (419 ) 

Fixed charges per above

      718        714         672         718         718   
                                           

Total earnings

    $ 568 (1)    $ 653       $ 631       $ (478 )     $ 299   
                                           

Ratio of earnings to fixed charges

      *        *         *         *         *   

 

* Earnings for the years ended December 31, 2006, 2007, 2008, 2009 and 2010 were inadequate to cover fixed charges by $150 million, $61 million, $41 million, $1,196 million and $419 million, respectively.

 

(1) SCC’s income (loss) before operations and total earnings for 2006 were $(148) million and $570 million, respectively.