EX-12.1 2 d581066dex121.htm EXHIBIT 12.1 Exhibit 12.1

Exhibit 12.1

SunGard Capital Corp.

Computation of Ratio of Earnings to Fixed Charges (Unaudited)

($ in millions)

 

     Three Months Ended
June 30,
     Six Months Ended
June 30,
 
     2012     2013      2012     2013  

Fixed charges

         

Interest expense

   $ 94      $ 90       $ 204      $ 182   

Amortization of debt issuance costs and debt discount

     7        8         19        24   

Portion of rental expense representative of interest

     18        17         36        34   

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

     99        71         167        101   
  

 

 

   

 

 

    

 

 

   

 

 

 

Total fixed charges

   $ 218      $ 186       $ 426      $ 341   
  

 

 

   

 

 

    

 

 

   

 

 

 

Earnings

         

Income (loss) from continuing operations before income taxes

   $ (32   $ 11       $ (115   $ (45

Fixed charges per above

     218        186         426        341   
  

 

 

   

 

 

    

 

 

   

 

 

 

Total earnings

   $ 186      $ 197       $ 311      $ 296   
  

 

 

   

 

 

    

 

 

   

 

 

 

Ratio of earnings to fixed charges

     *        1.1         *        *   

 

* Earnings for the three months ended June 30, 2012 and for the six months ended June 30, 2012 and 2013 were inadequate to cover fixed charges by $32 million, $115 million and $45 million, respectively.

SunGard Capital Corp. II

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,
 
     2012     2013      2012     2013  

Fixed charges

         

Interest expense

   $ 94      $ 90       $ 204      $ 182   

Amortization of debt issuance costs and debt discount

     7        8         19        24   

Portion of rental expense representative of interest

     18        17         36        34   
  

 

 

   

 

 

    

 

 

   

 

 

 

Total fixed charges

   $ 119      $ 115       $ 259      $ 240   
  

 

 

   

 

 

    

 

 

   

 

 

 

Earnings

         

Income (loss) from continuing operations before income taxes

   $ (32   $ 11       $ (115   $ (45

Fixed charges per above

     119        115         259        240   
  

 

 

   

 

 

    

 

 

   

 

 

 

Total earnings

   $ 87      $ 126       $ 144      $ 195   
  

 

 

   

 

 

    

 

 

   

 

 

 

Ratio of earnings to fixed charges

     *        1.1         *        *   

 

* Earnings for the three months ended June 30, 2012 and for the six months ended June 30, 2012 and 2013 were inadequate to cover fixed charges by $32 million, $115 million and $45 million, respectively.