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Exhibit 12.1
Apple Inc.
Computation of Ratio of Earnings to Fixed Charges
(In millions, except ratios)
Years ended
September 26,
2015 September 27,
2014 September 28,
2013 September 29,
2012 September 24,
2011
Earnings:
Earnings before provision for income taxes $ 72,515 $ 53,483 $ 50,155 $ 55,763 $ 34,205
Add: Fixed Charges 892 527 265 98 68
Total Earnings $ 73,407 $ 54,010 $ 50,420 $ 55,861 $ 34,273
Fixed Charges (1):
Interest Expense $ 733 $ 384 $ 136 $ 0 $ 0
Interest component of rental expense 159 143 129 98 68
Total Fixed Charges $ 892 $ 527 $ 265 $ 98 $ 68
Ratio of Earnings to Fixed Charges (2) 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 Total Earnings by Total Fixed Charges.