Attached files
| file | filename |
|---|---|
| EX-4.1 - EX-4.1 - Apple Inc. | d143184dex41.htm |
| EX-5.1 - EX-5.1 - Apple Inc. | d143184dex51.htm |
| EX-1.1 - EX-1.1 - Apple Inc. | d143184dex11.htm |
| 8-K - 8-K - Apple Inc. | d143184d8k.htm |
Exhibit 12.1
Apple Inc.
Computation of Ratio of Earnings to Fixed Charges
(In millions, except ratios)
| Three Months Ended |
Years ended | |||||||||||||||||||||||
| December 26, 2015 |
September 26, 2015 |
September 27, 2014 |
September 28, 2013 |
September 29, 2012 |
September 24, 2011 |
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| Earnings |
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| Income before provision |
$ | 24,573 | $ | 72,515 | $ | 53,483 | $ | 50,155 | $ | 55,763 | $ | 34,205 | ||||||||||||
| Add: Fixed Charges |
320 | 892 | 527 | 265 | 98 | 68 | ||||||||||||||||||
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| Total Earnings |
$ | 24,893 | $ | 73,407 | $ | 54,010 | $ | 50,420 | $ | 55,861 | $ | 34,273 | ||||||||||||
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| Fixed Charges (1) |
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| Interest expense |
$ | 276 | $ | 733 | $ | 384 | $ | 136 | $ | 0 | $ | 0 | ||||||||||||
| Interest component of rental expense |
44 | 159 | 143 | 129 | 98 | 68 | ||||||||||||||||||
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| Total Fixed Charges |
$ | 320 | $ | 892 | $ | 527 | $ | 265 | $ | 98 | $ | 68 | ||||||||||||
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| Ratio of Earnings to Fixed |
78 | 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 (i) earnings before income taxes plus fixed charges by (ii) fixed charges. |