EX-12.1 3 d617516dex121.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
September 30,
     Nine Months
Ended
September 30,
 
     2012     2013      2012     2013  

Fixed charges

         

Interest expense

   $ 95      $ 90       $ 299      $ 272   

Amortization of debt issuance costs and debt discount

     7        6         26        30   

Portion of rental expense representative of interest

     17        18         54        52   

Undeclared preferred stock dividend of SunGard Capital Corp. II

before income taxes (at effective rate)

     37        154         204        255   
  

 

 

   

 

 

    

 

 

   

 

 

 

Total fixed charges

   $ 156      $ 268       $ 583      $ 609   
  

 

 

   

 

 

    

 

 

   

 

 

 

Earnings

         

Income (loss) from continuing operations before income taxes                

   $ (380   $ 26       $ (495   $ (19

Fixed charges per above

     156        268         583        609   
  

 

 

   

 

 

    

 

 

   

 

 

 

Total earnings

   $ (224   $ 294       $ 88      $ 590   
  

 

 

   

 

 

    

 

 

   

 

 

 

Ratio of earnings to fixed charges

     *        1.1         *        *   

 

* Earnings for the three months ended September 30, 2012 and for the nine months ended September 30, 2012 and 2013 were inadequate to cover fixed charges by $380 million, $495 million and $19 million, respectively.

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,
 
     2012     2013      2012     2013  

Fixed charges

         

Interest expense

   $ 95      $ 90       $ 299      $ 272   

Amortization of debt issuance costs and debt discount

     7        6         26        30   

Portion of rental expense representative of interest

     17        18         54        52   
  

 

 

   

 

 

    

 

 

   

 

 

 

Total fixed charges

   $ 119      $ 114       $ 379      $ 354   
  

 

 

   

 

 

    

 

 

   

 

 

 

Earnings

         

Income (loss) from continuing operations before income taxes

   $ (380   $ 26       $ (495   $ (19

Fixed charges per above

     119        114         379        354   
  

 

 

   

 

 

    

 

 

   

 

 

 

Total earnings

   $ (261   $ 140       $ (116   $ 335   
  

 

 

   

 

 

    

 

 

   

 

 

 

Ratio of earnings to fixed charges

     *        1.2         *        *   

 

* Earnings for the three months ended September 30, 2012 and for the nine months ended September 30, 2012 and 2013 were inadequate to cover fixed charges by $380 million, $495 million and $19 million, respectively.