Exhibit 12.1
Apple Inc.
Computation of Ratio of Earnings to Fixed Charges
(In millions, except ratios)
| Years ended | ||||||||||||||||||||
| September 30, 2017 | September 24, 2016 | September 26, 2015 | September 27, 2014 | September 28, 2013 | ||||||||||||||||
Earnings: | ||||||||||||||||||||
Earnings before provision for income taxes | $ | 64,089 | $ | 61,372 | $ | 72,515 | $ | 53,483 | $ | 50,155 | ||||||||||
Add: Fixed Charges | 2,323 | 1,456 | 733 | 384 | 265 | |||||||||||||||
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Total Earnings | $ | 66,412 | $ | 62,828 | $ | 73,248 | $ | 53,867 | $ | 50,420 | ||||||||||
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Fixed Charges (1): | ||||||||||||||||||||
Interest Expense | $ | 2,323 | $ | 1,456 | $ | 733 | $ | 384 | $ | 136 | ||||||||||
Interest component of rental expense | — | — | — | — | 129 | |||||||||||||||
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Total Fixed Charges | $ | 2,323 | $ | 1,456 | $ | 733 | $ | 384 | $ | 265 | ||||||||||
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Ratio of Earnings to Fixed Charges(2) | 29 | 43 | 100 | 140 | 190 | |||||||||||||||
| (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. |
