Attached files
| file | filename |
|---|---|
| 8-K - 8-K - Apple Inc. | d31615d8k.htm |
| EX-5.1 - EX-5.1 - Apple Inc. | d31615dex51.htm |
| EX-4.1 - EX-4.1 - Apple Inc. | d31615dex41.htm |
| EX-1.1 - EX-1.1 - Apple Inc. | d31615dex11.htm |
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 |
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| Earnings |
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| 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 | ||||||||||||||||||
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| Total Earnings |
$ | 58,065 | $ | 54,010 | $ | 50,420 | $ | 55,861 | $ | 34,273 | $ | 18,594 | ||||||||||||
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| Fixed Charges (1) |
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| Interest expense |
$ | 495 | $ | 384 | $ | 136 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
| Interest component of rental expense |
117 | 143 | 129 | 98 | 68 | 54 | ||||||||||||||||||
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| Total Fixed Charges |
$ | 612 | $ | 527 | $ | 265 | $ | 98 | $ | 68 | $ | 54 | ||||||||||||
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| Ratio of Earnings to Fixed |
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. |