EX-12.1 2 d923701dex121.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,  
     2014      2015  

Fixed charges

     

Interest expense

   $ 68       $ 67   

Amortization of debt issuance costs and debt discount

     7         4   

Portion of rental expense representative of interest

     4         5   

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

     66         73   
  

 

 

    

 

 

 

Total fixed charges

$ 145    $ 149   
  

 

 

    

 

 

 

Earnings

Income (loss) from continuing operations before income taxes

$ (424 $ 44   

Fixed charges per above

  145      149   
  

 

 

    

 

 

 

Total earnings

$ (279 $ 193   
  

 

 

    

 

 

 

Ratio of earnings to fixed charges

  *      1.3   

 

* Earnings for the three months ended March 31, 2014 were inadequate to cover fixed charges by $424 million.

SunGard Capital Corp. II

SunGard Data Systems Inc.

Computation of Ratio of Earnings to Fixed Charges (Unaudited)

($ in millions)

 

     Three Months Ended March 31,  
     2014      2015  

Fixed charges

     

Interest expense

   $ 68       $ 67   

Amortization of debt issuance costs and debt discount

     7         4   

Portion of rental expense representative of interest

     4         5   
  

 

 

    

 

 

 

Total fixed charges

$ 79    $ 76   
  

 

 

    

 

 

 

Earnings

Income (loss) from continuing operations before income taxes

$ (424 $ 44   

Fixed charges per above

  79      76   
  

 

 

    

 

 

 

Total earnings

$ (345 $ 120   
  

 

 

    

 

 

 

Ratio of earnings to fixed charges

  *      1.6   

 

* Earnings for the three months ended March 31, 2014 were inadequate to cover fixed charges by $424 million.