Attached files
| file | filename |
|---|---|
| EX-32.2 - CERTIFICATION OF REGISTRANT'S CFO, PURSUANT TO 18 U.S.C. SECTION 1350 - JUNIPER NETWORKS INC | jnpr-20170331ex322.htm |
| EX-32.1 - CERTIFICATION OF REGISTRANT'S CEO, PURSUANT TO 18 U.S.C. SECTION 1350 - JUNIPER NETWORKS INC | jnpr-20170331ex321.htm |
| EX-31.2 - CERTIFICATION OF REGISTRANT'S CFO, PURSUANT TO RULE 13A-14(A)/15D-14(A) - JUNIPER NETWORKS INC | jnpr-20170331ex312.htm |
| EX-31.1 - CERTIFICATION OF REGISTRANT'S CEO, PURSUANT TO RULE 13A-14(A)/15D-14(A) - JUNIPER NETWORKS INC | jnpr-20170331ex311.htm |
| 10-Q - FORM 10-Q - JUNIPER NETWORKS INC | jnpr-10q20170331.htm |
EXHIBIT 12.1
Juniper Networks, Inc.
Statements of Computation of Ratio of Earnings to Fixed Charges
(In millions, except ratios)
(In millions, except ratios)
Three Months Ended March 31, | Years Ended December 31, | ||||||||||||||||||||||
2017 | 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 | $ | 140.6 | $ | 827.4 | $ | 852.2 | $ | (86.3 | ) | $ | 518.4 | $ | 266.0 | ||||||||||
Plus: | |||||||||||||||||||||||
Fixed charges | 28.0 | 109.4 | 98.5 | 83.3 | 76.1 | 72.0 | |||||||||||||||||
Amortization of capitalized interest | 0.3 | 1.3 | 0.8 | 0.5 | 0.4 | — | |||||||||||||||||
Less: | |||||||||||||||||||||||
Interest capitalized | — | (0.4 | ) | (2.2 | ) | (2.7 | ) | (1.9 | ) | (7.1 | ) | ||||||||||||
Total earnings (loss) | $ | 168.9 | $ | 937.7 | $ | 949.3 | $ | (5.2 | ) | $ | 593.0 | $ | 330.9 | ||||||||||
Fixed charges(*): | |||||||||||||||||||||||
Interest expense | $ | 24.7 | $ | 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 | 0.5 | 1.9 | 1.4 | 0.8 | 0.3 | 0.8 | |||||||||||||||||
Estimate of interest within rental expense | 2.8 | 11.4 | 13.0 | 13.8 | 15.8 | 19.0 | |||||||||||||||||
Total fixed charges | $ | 28.0 | $ | 109.4 | $ | 98.5 | $ | 83.3 | $ | 76.1 | $ | 72.0 | |||||||||||
Ratio of earnings (loss) to fixed charges | 6.0x | 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. |