EX-12.1 2 d683532dex121.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,  
     2011     2012     2013  

Fixed charges

      

Interest expense

   $ 485      $ 393      $ 362   

Amortization of debt issuance costs and debt discount

     40        36        37   

Portion of rental expense representative of interest

     77        72        69   

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

     620        276        189   
  

 

 

   

 

 

   

 

 

 

Total fixed charges

   $ 1,222      $ 777      $ 657   
  

 

 

   

 

 

   

 

 

 

Earnings

      

Income (loss) from continuing operations before income taxes

   $ (182   $ (438   $ 56   

Fixed charges per above

     1,222        777        657   
  

 

 

   

 

 

   

 

 

 

Total earnings

   $ 1,040      $ 339      $ 713   
  

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges

                       1.1   

 

* Earnings for the years ended December 31, 2011 and 2012 were inadequate to cover fixed charges by $182 million and $438 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,  
     2011     2012     2013  

Fixed charges

    

Interest expense

   $ 485      $ 393      $ 362   

Amortization of debt issuance costs and debt discount

     40        36        37   

Portion of rental expense representative of interest

     77        72        69   
  

 

 

   

 

 

   

 

 

 

Total fixed charges

   $ 602      $ 501      $ 468   
  

 

 

   

 

 

   

 

 

 

Earnings

    

Income (loss) from continuing operations before income taxes

   $ (182   $ (438   $ 57   

Fixed charges per above

     602        501        468   
  

 

 

   

 

 

   

 

 

 

Total earnings

   $ 420      $ 63      $ 525   
  

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges

                       1.1   

 

* Earnings for the years ended December 31, 2011 and 2012 were inadequate to cover fixed charges by $182 million and $438 million, respectively.