EX-12.1 5 a10-kexhibit1212017.htm EXHIBIT 12.1 Exhibit


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
2,538

 
1,644

 
892

 
527

 
265

Total Earnings
$
66,627

 
$
63,016

 
$
73,407

 
$
54,010

 
$
50,420

 
 
 
 
 
 
 
 
 
 
Fixed Charges (1):
 
 
 
 
 
 
 
 
 
Interest Expense
$
2,323

 
$
1,456

 
$
733

 
$
384

 
$
136

Interest component of rental expense
215

 
188

 
159

 
143

 
129

Total Fixed Charges
$
2,538

 
$
1,644

 
$
892

 
$
527

 
$
265

 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges (2)
26

 
38

 
82

 
102

 
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.