Exhibit 12.1
Apple Inc.
Computation of Ratio of Earnings to Fixed Charges
(In millions, except ratios)
| Years ended | ||||||||||||||||||||||||
| 3 Months Ended December 31, 2016 |
September 24, 2016 |
September 26, 2015 |
September 27, 2014 |
September 28, 2013 |
September 29, 2012 | |||||||||||||||||||
| Earnings |
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| Income before provision for income taxes |
$ | 24,180 | $ | 61,372 | $ | 72,515 | $ | 53,483 | $ | 50,155 | $ | 55,763 | ||||||||||||
| Add: Fixed Charges |
576 | 1,644 | 892 | 527 | 265 | 98 | ||||||||||||||||||
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| Total Earnings |
$ | 24,756 | $ | 63,016 | $ | 73,407 | $ | 54,010 | $ | 50,420 | $ | 55,861 | ||||||||||||
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| Fixed Charges (a) |
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| Interest Expense |
$ | 525 | $ | 1,456 | $ | 733 | $ | 384 | $ | 136 | $ | — | ||||||||||||
| Interest component of rental expense |
51 | 188 | 159 | 143 | 129 | 98 | ||||||||||||||||||
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| Total Fixed Charges |
$ | 576 | $ | 1,644 | $ | 892 | $ | 527 | $ | 265 | $ | 98 | ||||||||||||
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| Ratio of Earnings to Fixed Charges (b) |
43 | 38 | 82 | 102 | 190 | 570 | ||||||||||||||||||
| (a) | Fixed charges include the portion of rental expense that management believes is representative of the interest component. |
| (b) | The ratio of earnings to fixed charges is computed by dividing Total Earnings by Total Fixed Charges. |