JUNIPER NETWORKS INC - FORM 10-Q - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - November 5, 2015

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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.



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