JUNIPER NETWORKS INC - FORM 10-K - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - February 24, 2017

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EX-10.16 - APPFORMIX INC. AMENDED AND RESTATED 2013 STOCK PLAN - JUNIPER NETWORKS INCjnpr-20161231ex1016.htm
EX-32.2 - CERTIFICATION OF REGISTRANT'S CFO, PURSUANT TO 18 U.S.C. SECTION 1350 - JUNIPER NETWORKS INCjnpr-20161231ex322.htm
EX-32.1 - CERTIFICATION OF REGISTRANT'S CEO, PURSUANT TO 18 U.S.C. SECTION 1350 - JUNIPER NETWORKS INCjnpr-20161231ex321.htm
EX-31.2 - CERTIFICATION OF REGISTRANT'S CFO, PURSUANT TO RULE 13A-14(A)/15D-14(A) - JUNIPER NETWORKS INCjnpr-20161231ex312.htm
EX-31.1 - CERTIFICATION OF REGISTRANT'S CEO, PURSUANT TO RULE 13A-14(A)/15D-14(A) - JUNIPER NETWORKS INCjnpr-20161231ex311.htm
EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - JUNIPER NETWORKS INCjnpr-20161231ex231.htm
EX-21.1 - SUBSIDIARIES OF THE COMPANY - JUNIPER NETWORKS INCjnpr-20161231ex211.htm
EX-10.58 - AMENDMENT NO. 2 TO INDEMNIFICATION TRUST AGREEMENT - JUNIPER NETWORKS INCjnpr-20161231ex1058.htm
EX-10.2 - FORM OF INDEMNIFICATION AGREEMENT - JUNIPER NETWORKS INCjnpr-20161231ex102.htm
10-K - FORM 10-K - JUNIPER NETWORKS INCjnpr-10k20161231.htm


EXHIBIT 12.1

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

 
Years Ended December 31,
 
2016(*)
 
2015(*)
 
2014(*)
 
2013(*)
 
2012(*)
Earnings for computation of ratio:
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes and
    before adjustment for
    noncontrolling interests in
    consolidated subsidiaries or income
    from equity investees
$
827.4

 
$
852.2

 
$
(86.3
)
 
$
518.4

 
$
266.0

Plus:
 
 
 
 
 
 
 
 
 
Fixed charges
109.4

 
98.5

 
83.3

 
76.1

 
72.0

Amortization of capitalized interest
1.3

 
0.8

 
0.5

 
0.4

 
—

Less:
 
 
 
 
 
 
 
 
 
Interest capitalized
(0.4
)
 
(2.2
)
 
(2.7
)
 
(1.9
)
 
(7.1
)
Total earnings (loss)
$
937.7

 
$
949.3

 
$
(5.2
)
 
$
593.0

 
$
330.9

 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
Interest expense
$
95.7

 
$
81.9

 
$
66.0

 
$
58.1

 
$
52.2

Interest capitalized
0.4

 
2.2

 
2.7

 
1.9

 
—

Amortized premiums, discounts, and capitalized expenses relating to indebtedness
1.9

 
1.4

 
0.8

 
0.3

 
0.8

Estimate of interest within rental
   expense
11.4

 
13.0

 
13.8

 
15.8

 
19.0

Total fixed charges
$
109.4

 
$
98.5

 
$
83.3

 
$
76.1

 
$
72.0

 
 
 
 
 
 
 
 
 
 
Ratio of earnings (loss) to fixed charges
8.6x

 
9.6x


(0.1)x

 
7.8x

 
4.6x

________________________________
(*) 
For this ratio, both "earnings" and “fixed charges” conform to the calculation required by Item 503(d) of Regulation S-K.





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