EX-12 7 f18110exv12.htm EXHIBIT 12 exv12
 

Exhibit 12
Sybase, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands, except for ratios)
(For the years ended December 31,)
                                         
    2005     2004     2003     2002     2001  
     
Earnings:
                                        
Income before income taxes and cumulative effect of an accounting change
   $ 136,714     $ 100,966     $ 118,095     $ 71,209     $ 978  
Add: Fixed charges
     20,233       11,988       13,204       14,556       10,610  
     
Total Earnings, as defined
     156,947       112,954       131,299       85,765       11,588  
     
 
                                        
Fixed Charges
                                        
Interest Expense
     8,116       308       62       198       276  
Amortization of debt expense
     1,671       —       —       —       —  
Estimated interest portion on rental expense
     10,446       11,680       13,142       14,358       10,334  
     
Total Fixed Charges
     20,233       11,988       13,204       14,556       10,610  
     
 
                                        
Ratio of earnings to fixed charges
     7.8       9.4       9.9       5.9       1.1