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