EX-12.1 2 d590790dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

Apple Inc.

Computation of Ratio of Earnings to Fixed Charges

(In millions, except ratios)

 

    Years ended  
    September 28,
2013
    September 29,
2012
    September 24,
2011
    September 25,
2010
    September 26,
2009
 

Earnings

         

Earnings before income taxes

  $ 50,155      $ 55,763      $ 34,205      $ 18,540      $ 12,066   

Add: Fixed Charges

    265        98        68        54        46   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total Earnings

  $ 50,420      $ 55,861      $ 34,273      $ 18,594      $ 12,112   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed Charges (a)

         

Interest Expense

  $ 136      $ 0      $ 0      $ 0      $ 0   

Interest component of rental expense

    129        98        68        54        46   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total Fixed Charges

  $ 265      $ 98      $ 68      $ 54      $ 46   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of Earnings to Fixed Charges (b)

    190        570        504        344        263   

 

(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.