EX-12.1 5 d408475dex121.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)

 

     Three Months Ended September 30,     Nine Months Ended September 30,  
     2011     2012     2011     2012  

Fixed charges

        

Interest expense

   $ 120      $ 95      $ 366      $ 299   

Amortization of debt issuance costs and debt discount

     10        7        29        26   

Portion of rental expense representative of interest

     20        17        59        54   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges

   $ 150      $ 119      $ 454      $ 379   
  

 

 

   

 

 

   

 

 

   

 

 

 

Earnings

        

Income (loss) from continuing operations before income taxes

   $ (66   $ (380   $ (205   $ (495

Fixed charges per above

     150        119        454        379   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total earnings

   $ 84      $ (261   $ 249      $ (116
  

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges

     *        *        *        *   

 

* Earnings for the three months ended September 30, 2011 and 2012 were inadequate to cover fixed charges by $66 million and $380 million, respectively. Earnings for the nine months ended September 30, 2011 and 2012 were inadequate to cover fixed charges by $205 million and $495 million, respectively.