EX-12.1 8 d444630dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

SunGard Capital Corp.

Computation of Ratio of Earnings to Fixed Charges (Unaudited)

($ in millions)

 

     Year Ended December 31,  
     2010     2011     2012  

Fixed charges

      

Interest expense

   $ 596      $ 485      $ 393   

Amortization of debt issuance costs and debt discount

     43        40        36   

Portion of rental expense representative of interest

     77        78        71   

Undeclared preferred stock dividend of SunGard Capital Corp. II before income taxes (at effective rate)

     223        593        275   
  

 

 

   

 

 

   

 

 

 

Total fixed charges

   $ 939      $ 1,196      $ 775   
  

 

 

   

 

 

   

 

 

 

Earnings

      

Income (loss) from continuing operations before income taxes

   $ (483   $ (187   $ (435

Fixed charges per above

     939        1,196        775   
  

 

 

   

 

 

   

 

 

 

Total earnings

   $ 456      $ 1,009      $ 340   
  

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges

     *        *        *   

 

* Earnings for the years ended December 31, 2010, 2011 and 2012 were inadequate to cover fixed charges by $483 million, $187 million and $435 million, respectively.

SunGard Capital Corp. II

SunGard Data Systems Inc.

Computation of Ratio of Earnings to Fixed Charges (Unaudited)

($ in millions)

 

     Year Ended December 31,  
     2010     2011     2012  

Fixed charges

      

Interest expense

   $ 596      $ 485      $ 393   

Amortization of debt issuance costs and debt discount

     43        40        36   

Portion of rental expense representative of interest

     77        78        71   
  

 

 

   

 

 

   

 

 

 

Total fixed charges

   $ 716      $ 603      $ 500   
  

 

 

   

 

 

   

 

 

 

Earnings

      

Income (loss) from continuing operations before income taxes

   $ (483   $ (187   $ (435

Fixed charges per above

     716        603        500   
  

 

 

   

 

 

   

 

 

 

Total earnings

   $ 233      $ 416      $ 65   
  

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges

     *        *        *   

 

* Earnings for the years ended December 31, 2010, 2011 and 2012 were inadequate to cover fixed charges by $483 million, $187 million and $435 million, respectively.