Attached files

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EX-10.4 - AMENDMENT TO CONSENT TO SUBLEASE - JUNIPER NETWORKS INCjnpr-20150930ex104.htm
10-Q - FORM 10-Q - JUNIPER NETWORKS INCjnpr-10q20150930.htm
EX-31.2 - CERTIFICATION OF REGISTRANT'S CFO, PURSUANT TO RULE 13A-14(A)/15D-14(A) - JUNIPER NETWORKS INCjnpr-20150930ex312.htm
EX-31.1 - CERTIFICATION OF REGISTRANT'S CEO, PURSUANT TO RULE 13A-14(A)/15D-14(A) - JUNIPER NETWORKS INCjnpr-20150930ex311.htm
EX-10.6 - SEVERANCE AGREEMENT BETWEEN JUNIPER NETWORKS, INC. AND BRIAN MARTIN - JUNIPER NETWORKS INCjnpr-20150930ex106.htm
EX-10.1 - AMENDMENT TO EMPLOYMENT AGREEMENT BETWEEN JNPR, INC. AND MITCHELL GAYNOR - JUNIPER NETWORKS INCjnpr-20150930ex101.htm
EX-32.1 - CERTIFICATION OF REGISTRANT'S CEO, PURSUANT TO 18 U.S.C. SECTION 1350 - JUNIPER NETWORKS INCjnpr-20150930ex321.htm
EX-10.2 - EMPLOYMENT OFFER LETTER BETWEEN JUNIPER NETWORKS, INC. AND BRIAN MARTIN - JUNIPER NETWORKS INCjnpr-20150930ex102.htm
EX-32.2 - CERTIFICATION OF REGISTRANT'S CFO, PURSUANT TO 18 U.S.C. SECTION 1350 - JUNIPER NETWORKS INCjnpr-20150930ex322.htm
EX-10.3 - FIRST AMENDMENT TO SUBLEASE BY AND BETWEEN JUNIPER NETWORKS INC. AND GOOGLE INC. - JUNIPER NETWORKS INCjnpr-20150930ex103.htm


EXHIBIT 12.1

Juniper Networks, Inc.
Statements of Computation of Ratio of Earnings to Fixed Charges
(In millions, except ratios)

 
Nine Months Ended
 
Years Ended December 31,
 
9/30/15(*)
 
2014(*)
 
2013(*)
 
2012(*)
 
2011(*)
 
2010(*)
Earnings for computation of ratio:
 
 
 
 
 
 
 
 
 
 
 
Pre-tax income (loss) from continuing operations before adjustment for noncontrolling interests in consolidated subsidiaries or income from equity investees
$
591.3

 
$
(86.3
)
 
$
518.4

 
$
266.0

 
$
572.0

 
$
769.5

Fixed charges
73.5

 
83.3

 
76.1

 
72.0

 
69.2

 
16.8

Amortization of capitalized interest
0.6

 
0.5

 
0.4

 

 

 

Less:
 
 
 
 
 
 
 
 
 
 
 
Interest capitalized
(1.5
)
 
(2.7
)
 
(1.9
)
 
(7.1
)
 
(1.2
)
 

Noncontrolling interest in pre-tax income
  of subsidiaries that have not incurred
  fixed charges

 

 

 

 

 
(1.3
)
Total earnings (loss)
$
663.9

 
$
(5.2
)
 
$
593.0

 
$
330.9

 
$
640.0

 
$
785.0

 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
Interest expense
$
60.9

 
$
66.0

 
$
58.1

 
$
52.2

 
$
48.9

 
$

Interest capitalized
1.5

 
2.7

 
1.9

 

 

 

Amortized premiums, discounts, and
  capitalized expenses relating to
  indebtedness
1.1

 
0.8

 
0.3

 
0.8

 
0.6

 

Estimate of interest within rental expense
10.0

 
13.8

 
15.8

 
19.0

 
19.7

 
16.8

Total fixed charges
$
73.5

 
$
83.3

 
$
76.1

 
$
72.0

 
$
69.2

 
$
16.8

 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings (loss) to fixed charges
9.0


(0.1
)
 
7.8

 
4.6

 
9.2

 
46.8

________________________________
(*) 
For these ratios, "earnings" represents income (loss) before taxes before adjustment for noncontrolling interests in equity investments and fixed charges, adjusted for interest capitalized and noncontrolling interest in pre-tax income (loss) of subsidiaries that have not incurred fixed charges.