EX-12.1 2 d506751dex121.htm EXHIBIT 12.1 Exhibit 12.1

Exhibit 12.1

SunGard Capital Corp.

Computation of Ratio of Earnings to Fixed Charges (Unaudited)

($ in millions)

 

     Three Months Ended March 31,  
     2012     2013  

Fixed charges

    

Interest expense

   $ 110      $ 92   

Amortization of debt issuance costs and debt discount

     12        16   

Portion of rental expense representative of interest

     18        17   

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

     68        30   
  

 

 

   

 

 

 

Total fixed charges

   $ 208      $ 155   
  

 

 

   

 

 

 

Earnings

    

Income (loss) from continuing operations before income taxes

   $ (83   $ (56

Fixed charges per above

     208        155   
  

 

 

   

 

 

 

Total earnings

   $ 125      $ 99   
  

 

 

   

 

 

 

Ratio of earnings to fixed charges

            

 

* Earnings for the three months ended March 31, 2012 and 2013 were inadequate to cover fixed charges by $83 million and $56 million, respectively.

SunGard Capital Corp. II

SunGard Data Systems Inc.

Computation of Ratio of Earnings to Fixed Charges (Unaudited)

($ in millions)

 

     Three Months Ended March 31,  
     2012     2013  

Fixed charges

    

Interest expense

   $ 110      $ 92   

Amortization of debt issuance costs and debt discount

     12        16   

Portion of rental expense representative of interest

     18        17   
  

 

 

   

 

 

 

Total fixed charges

   $ 140      $ 125   
  

 

 

   

 

 

 

Earnings

    

Income (loss) from continuing operations before income taxes

   $ (83   $ (56

Fixed charges per above

     140        125   
  

 

 

   

 

 

 

Total earnings

   $ 57      $ 69   
  

 

 

   

 

 

 

Ratio of earnings to fixed charges

            

 

* Earnings for the three months ended March 31, 2012 and 2013 were inadequate to cover fixed charges by $83 million and $56 million, respectively.