EX-12.1 2 d816395dex121.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 September 30,     Nine Months Ended September 30,  
    2013     2014     2013     2014  

Fixed charges

       

Interest expense

  $ 72      $ 68      $ 217      $ 205   

Amortization of debt issuance costs and debt discount

    6        4        30        14   

Portion of rental expense representative of interest

    5        5        15        15   

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

    65        86        203        169   
 

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges

  $ 148      $ 163      $ 465      $ 403   
 

 

 

   

 

 

   

 

 

   

 

 

 

Earnings

       

Income (loss) from continuing operations before income taxes

  $ 29      $ 22      $ (13   $ (397

Fixed charges per above

    148        163        465        403   
 

 

 

   

 

 

   

 

 

   

 

 

 

Total earnings

  $ 177      $ 185      $ 452      $ 6   
 

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges

    1.2        1.1               

 

* Earnings for the nine month periods ended September 30, 2013 and 2014 were inadequate to cover fixed charges by $13 million and $397 million, respectively.

SunGard Capital Corp. II

SunGard Data Systems Inc.

Computation of Ratio of Earnings to Fixed Charges (Unaudited)

($ in millions)

 

    Three Months Ended September 30,     Nine Months Ended September 30,  
    2013     2014     2013     2014  

Fixed charges

       

Interest expense

  $ 72      $ 68      $ 217      $ 205   

Amortization of debt issuance costs and debt discount

    6        4        30        14   

Portion of rental expense representative of interest

    5        5        15        15   
 

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges

  $ 83      $ 77      $ 262      $ 234   
 

 

 

   

 

 

   

 

 

   

 

 

 

Earnings

       

Income (loss) from continuing operations before income taxes

  $ 29      $ 22      $ (13   $ (397

Fixed charges per above

    83        77        262        234   
 

 

 

   

 

 

   

 

 

   

 

 

 

Total earnings

  $ 112      $ 99      $ 249      $ (163
 

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges

    1.3        1.3               

 

* Earnings for the nine month periods ended September 30, 2013 and 2014 were inadequate to cover fixed charges by $13 million and $397 million, respectively.