EX-12.1 2 d725362dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

SunGard Capital Corp.

Computation of Ratio of Earnings to Fixed Charges (Unaudited)

($ in millions)

 

     Three Months Ended March 31,  
     2013     2014  

Fixed charges

    

Interest expense

   $ 74      $ 68   

Amortization of debt issuance costs and debt discount

     16        7   

Portion of rental expense representative of interest

     5        4   

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

     37        66   
  

 

 

   

 

 

 

Total fixed charges

   $ 132      $ 145   
  

 

 

   

 

 

 

Earnings

    

Income (loss) from continuing operations before income taxes

   $ (52   $ (424

Fixed charges per above

     132        145   
  

 

 

   

 

 

 

Total earnings

   $ 80      $ (279
  

 

 

   

 

 

 

Ratio of earnings to fixed charges

     *        *   

 

* For the three month periods ended March 31, 2013 and 2014, fixed charges exceeded earnings by $52 million and $424 million, respectively. Earnings for the three month period ended March 31, 2014 primarily reflects the pre-tax impact of (i) a $339 million trade name impairment charge, (ii) $11 million of costs for strategic initiatives, and (iii) a $61 million loss on the extinguishment of debt.

SunGard Capital Corp. II

SunGard Data Systems Inc.

Computation of Ratio of Earnings to Fixed Charges (Unaudited)

($ in millions)

 

     Three Months Ended March 31,  
     2013     2014  

Fixed charges

    

Interest expense

   $ 74      $ 68   

Amortization of debt issuance costs and debt discount

     16        7   

Portion of rental expense representative of interest

     5        4   
  

 

 

   

 

 

 

Total fixed charges

   $ 95      $ 79   
  

 

 

   

 

 

 

Earnings

    

Income (loss) from continuing operations before income taxes

   $ (52   $ (424

Fixed charges per above

     95        79   
  

 

 

   

 

 

 

Total earnings

   $ 43      $ (345
  

 

 

   

 

 

 

Ratio of earnings to fixed charges

     *        *   

 

* For the three month periods ended March 31, 2013 and 2014, fixed charges exceeded earnings by $52 million and $424 million, respectively. Earnings for the three month period ended March 31, 2014 primarily reflects the pre-tax impact of (i) a $339 million trade name impairment charge, (ii) $11 million of costs for strategic initiatives, and (iii) a $61 million loss on the extinguishment of debt.