Exhibit 12.1
Apple Inc.
Computation of Ratio of Earnings to Fixed Charges
(In millions, except ratios)
| Year ended | ||||||||||||||||||||||||
| Nine Months Ended June 25, 2016 | September 26, 2015 | September 27, 2014 | September 28, 2013 | September 29, 2012 | September 24, 2011 | |||||||||||||||||||
Earnings | ||||||||||||||||||||||||
Income before provision for income taxes | $ | 49,184 | $ | 72,515 | $ | 53,483 | $ | 50,155 | $ | 55,763 | $ | 34,205 | ||||||||||||
Add: Fixed Charges | 1,143 | 892 | 527 | 265 | 98 | 68 | ||||||||||||||||||
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Total Earnings | $ | 50,327 | $ | 73,407 | $ | 54,010 | $ | 50,420 | $ | 55,861 | $ | 34,273 | ||||||||||||
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Fixed Charges(a) | ||||||||||||||||||||||||
Interest expense | $ | 1,006 | $ | 733 | $ | 384 | $ | 136 | $ | — | $ | — | ||||||||||||
Interest component of rental expense | 137 | 159 | 143 | 129 | 98 | 68 | ||||||||||||||||||
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Total Fixed Charges | $ | 1,143 | $ | 892 | $ | 527 | $ | 265 | $ | 98 | $ | 68 | ||||||||||||
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Ratio of Earnings to Fixed Charges(b) | 44 | 82 | 102 | 190 | 570 | 504 | ||||||||||||||||||
| (a) | Fixed charges include the portion of rental expense that management believes is representative of the interest component. |
| (b) | The ratio of earnings to fixed charges is computed by dividing (i) earnings before provision for income taxes plus fixed charges by (ii) fixed charges. |
