Exhibit 12.1
Apple Inc.
Computation of Ratio of Earnings to Fixed Charges
(In millions, except ratios)
| Six Months Ended | Years Ended | |||||||||||||||||||||||
| April 1, 2017 | September 24, 2016 | September 26, 2015 | September 27, 2014 | September 28, 2013 | September 29, 2012 | |||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Earnings before provision for income taxes | $ | 38,864 | $ | 61,372 | $ | 72,515 | $ | 53,483 | $ | 50,155 | $ | 55,763 | ||||||||||||
Add: Fixed Charges | 1,159 | 1,644 | 892 | 527 | 265 | 98 | ||||||||||||||||||
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Total Earnings | $ | 40,023 | $ | 63,016 | $ | 73,407 | $ | 54,010 | $ | 50,420 | $ | 55,861 | ||||||||||||
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Fixed Charges (1): | ||||||||||||||||||||||||
Interest Expense | $ | 1,055 | $ | 1,456 | $ | 733 | $ | 384 | $ | 136 | $ | — | ||||||||||||
Interest component of rental expense | 104 | 188 | 159 | 143 | 129 | 98 | ||||||||||||||||||
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Total Fixed Charges | $ | 1,159 | $ | 1,644 | $ | 892 | $ | 527 | $ | 265 | $ | 98 | ||||||||||||
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Ratio of Earnings to Fixed Charges (2) | 35 | 38 | 82 | 102 | 190 | 570 | ||||||||||||||||||
(1) Fixed charges include the portion of rental expense that management believes is representative of the interest component. (2) The ratio of earnings to fixed charges is computed by dividing Total Earnings by Total Fixed Charges. | ||||||||||||||||
