EX-12.1 4 exhibit12110k2016.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 24,
2016
 
September 26,
2015
 
September 27,
2014
 
September 28,
2013
 
September 29,
2012
Earnings:
 
 
 
 
 
 
 
 
 
Earnings before provision for income taxes
$
61,372

 
$
72,515

 
$
53,483

 
$
50,155

 
$
55,763

Add: Fixed Charges
1,644

 
892

 
527

 
265

 
98

Total Earnings
$
63,016

 
$
73,407

 
$
54,010

 
$
50,420

 
$
55,861

 
 
 
 
 
 
 
 
 
 
Fixed Charges (1):
 
 
 
 
 
 
 
 
 
Interest Expense
$
1,456

 
$
733

 
$
384

 
$
136

 
$
—

Interest component of rental expense
188

 
159

 
143

 
129

 
98

Total Fixed Charges
$
1,644

 
$
892

 
$
527

 
$
265

 
$
98

 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges (2)
38

 
82

 
102

 
190

 
570

 

(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.