EX-12.1 2 d17062dex121.htm EX-12.1

Exhibit 12.1

Apple Inc.

Computation of Ratio of Earnings to Fixed Charges

(In millions, except ratios)

|  | Years ended |
|  | September 26, 2015 |  |  | September 27, 2014 |  |  | September 28, 2013 |  |  | September 29, 2012 |  |  | September 24, 2011 |
Earnings: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Earnings before provision for income taxes |  | $ | 72,515 |  |  | $ | 53,483 |  |  | $ | 50,155 |  |  | $ | 55,763 |  |  | $ | 34,205 |
Add: Fixed Charges |  |  | 892 |  |  |  | 527 |  |  |  | 265 |  |  |  | 98 |  |  |  | 68 |
Total Earnings |  | $ | 73,407 |  |  | $ | 54,010 |  |  | $ | 50,420 |  |  | $ | 55,861 |  |  | $ | 34,273 |
Fixed Charges (1): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest Expense |  | $ | 733 |  |  | $ | 384 |  |  | $ | 136 |  |  | $ | 0 |  |  | $ | 0 |
Interest component of rental expense |  |  | 159 |  |  |  | 143 |  |  |  | 129 |  |  |  | 98 |  |  |  | 68 |
Total Fixed Charges |  | $ | 892 |  |  | $ | 527 |  |  | $ | 265 |  |  | $ | 98 |  |  | $ | 68 |
Ratio of Earnings to Fixed Charges (2) |  |  | 82 |  |  |  | 102 |  |  |  | 190 |  |  |  | 570 |  |  |  | 504 |

| (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. |