Attached files
| file | filename |
|---|---|
| EX-5.1 - EX-5.1 - Apple Inc. | d478060dex51.htm |
| EX-4.1 - EX-4.1 - Apple Inc. | d478060dex41.htm |
| EX-1.1 - EX-1.1 - Apple Inc. | d478060dex11.htm |
| 8-K - FORM 8-K - Apple Inc. | d478060d8k.htm |
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 |
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| Earnings: |
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| Earnings before provision for income taxes |
$ | 64,089 | $ | 61,372 | $ | 72,515 | $ | 53,483 | $ | 50,155 | ||||||||||
| Add: Fixed Charges |
2,323 | 1,456 | 733 | 384 | 265 | |||||||||||||||
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| Total Earnings |
$ | 66,412 | $ | 62,828 | $ | 73,248 | $ | 53,867 | $ | 50,420 | ||||||||||
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| Fixed Charges (1): |
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| Interest Expense |
$ | 2,323 | $ | 1,456 | $ | 733 | $ | 384 | $ | 136 | ||||||||||
| Interest component of rental expense |
— | — | — | — | 129 | |||||||||||||||
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| Total Fixed Charges |
$ | 2,323 | $ | 1,456 | $ | 733 | $ | 384 | $ | 265 | ||||||||||
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| Ratio of Earnings to Fixed Charges(2) |
29 | 43 | 100 | 140 | 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. |