EX-12 2 f37462exv12.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,)
                                         
    2007   2006   2005   2004   2003
     
Earnings:
                                        
Income before income taxes and cumulative effect of an accounting change
   $ 189,952     $ 161,317     $ 136,714     $ 100,966     $ 118,095  
Add: Fixed charges
     21,969       21,699       20,233       11,988       13,204  
     
Total Earnings, as defined
     211,921       183,016       156,947       112,954       131,299  
     
 
                                        
Fixed Charges
                                        
Interest Expense
     9,663       9,516       8,116       308       62  
Amortization of debt expense
     1,969       1,969       1,671       —       —  
Estimated interest portion on rental expense
     10,337       10,214       10,446       11,680       13,142  
     
Total Fixed Charges
     21,969       21,699       20,233       11,988       13,204  
     
 
                                        
Ratio of earnings to fixed charges
     9.6       8.4       7.8       9.4       9.9