Exhibit 12.1
Apple Inc.
Computation of Ratio of Earnings to Fixed Charges
(In millions, except ratios)
Years ended | ||||||||||||||||||||||||
3 Months Ended December 31, 2016 | September 24, 2016 | September 26, 2015 | September 27, 2014 | September 28, 2013 | September 29, 2012 | |||||||||||||||||||
Earnings | ||||||||||||||||||||||||
Income before provision for income taxes | $ | 24,180 | $ | 61,372 | $ | 72,515 | $ | 53,483 | $ | 50,155 | $ | 55,763 | ||||||||||||
Add: Fixed Charges | 576 | 1,644 | 892 | 527 | 265 | 98 | ||||||||||||||||||
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Total Earnings | $ | 24,756 | $ | 63,016 | $ | 73,407 | $ | 54,010 | $ | 50,420 | $ | 55,861 | ||||||||||||
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Fixed Charges (a) | ||||||||||||||||||||||||
Interest Expense | $ | 525 | $ | 1,456 | $ | 733 | $ | 384 | $ | 136 | $ | — | ||||||||||||
Interest component of rental expense | 51 | 188 | 159 | 143 | 129 | 98 | ||||||||||||||||||
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Total Fixed Charges | $ | 576 | $ | 1,644 | $ | 892 | $ | 527 | $ | 265 | $ | 98 | ||||||||||||
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Ratio of Earnings to Fixed Charges (b) | 43 | 38 | 82 | 102 | 190 | 570 |
(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 Total Earnings by Total Fixed Charges. |