Quarterly Financial Data (unaudited): (Tables)

12 Months Ended

Dec. 31, 2012


	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
2011
Revenue	$	1,073		$	1,116		$	1,097		$	1,154
Gross profit ⁽¹⁾		591			647			632			722
Income (loss) before income taxes		(89	)		(50	)		(66	)		18	⁽³⁾
Income (loss) from continuing operations (SCC)		(78	)		(30	)		(40	)		77	⁽³⁾
Income (loss) from continuing operations (SunGard & SCCII)		(78	)		(30	)		(40	)		79	⁽³⁾
Income (loss) from discontinued operations		55			(43	)		(107	)⁽²⁾		15
Net income (loss) (SCC & SCCII)		(23	)		(73	)		(147	)⁽²⁾		92	⁽³⁾
Net income (loss) (SunGard)		(23	)		(73	)		(147	)⁽²⁾		94	⁽³⁾
Net loss attributable to SCC		(77	)		(128	)		(204	)⁽²⁾		33	⁽³⁾
2012
Revenue	$	1,024		$	1,072		$	1,035		$	1,132
Gross profit ⁽¹⁾		567			638			605			713
Income (loss) before income taxes		(83	)		(32	)		(380	)⁽⁵⁾		60
Income (loss) from continuing operations		(76	)		(8	)		(367	)⁽⁵⁾		54
Income (loss) from discontinued operations		311	⁽⁴⁾		—			5			15
Net income (loss)		235	⁽⁴⁾		(8	)		(362	)⁽⁵⁾		69	⁽⁶⁾
Net loss attributable to SCC		173	⁽⁴⁾		(68	)		(426	)⁽⁵⁾		4	⁽⁶⁾

(1)	Gross profit equals revenue less cost of sales and direct operating expenses (excluding depreciation).

(2)	Includes a $133 million deferred income tax expense related to the book-over-tax basis difference of a HE subsidiary that was classified as discontinued operations.

(3)	Includes a $48 million goodwill impairment charge related to the correction in 2011 of an incorrect adjustment in 2009 to reduce goodwill and deferred income tax liabilities (see Notes 1 and 6).

(4)	Includes a pre-tax gain on sale of HE of $563 million.

(5)	Includes a pre-tax goodwill impairment charge of $385 million.

(6)	Includes reversal of $20 million of income taxes on non-U.S. unremitted earnings, and a $6 million benefit relating to the correction of accrued and deferred income taxes.

SUNGARD DATA SYSTEMS INC 10-K