EX-12.1 5 d12789dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

Apple Inc.

Computation of Ratio of Earnings to Fixed Charges

(In millions, except ratios)

 

                                                                                                                                                     
    Nine
Months Ended		     Years ended  
    June 27,
2015		     September 27,
2014		     September 28,
2013		     September 29,
2012		     September 24,
2011		     September 25,
2010		  

Earnings

           

Earnings before provision for income taxes

   $ 57,453     $ 53,483      $ 50,155     $ 55,763     $ 34,205     $ 18,540  

Add: Fixed Charges

     612       527        265       98       68       54  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Earnings

   $ 58,065     $ 54,010      $ 50,420     $ 55,861     $ 34,273     $ 18,594  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Fixed Charges (1)

            

Interest expense

   $ 495     $ 384      $ 136     $ 0     $ 0     $ 0  

Interest component of rental expense

     117       143        129       98       68       54  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Fixed Charges

   $ 612     $ 527      $ 265     $ 98     $ 68     $ 54  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ratio of Earnings to Fixed
Charges (2)

     95       102        190       570       504       344  

 

(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.