JUNIPER NETWORKS INC - FORM 10-K - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - February 23, 2018

Attached files

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EX-32.2 - CERTIFICATION OF REGISTRANT'S CFO, PURSUANT TO 18 U.S.C. SECTION 1350 - JUNIPER NETWORKS INCjnpr-20171231ex322.htm
EX-32.1 - CERTIFICATION OF REGISTRANT'S CEO, PURSUANT TO 18 U.S.C. SECTION 1350 - JUNIPER NETWORKS INCjnpr-20171231ex321.htm
EX-31.2 - CERTIFICATION OF REGISTRANT'S CFO, PURSUANT TO RULE 13A-14(A)/15D-14(A) - JUNIPER NETWORKS INCjnpr-20171231ex312.htm
EX-31.1 - CERTIFICATION OF REGISTRANT'S CEO, PURSUANT TO RULE 13A-14(A)/15D-14(A) - JUNIPER NETWORKS INCjnpr-20171231ex311.htm
EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - JUNIPER NETWORKS INCjnpr-20171231ex231.htm
EX-21.1 - SUBSIDIARIES OF THE COMPANY - JUNIPER NETWORKS INCjnpr-20171231ex211.htm
EX-10.31 - LETTER AMENDMENT TO CREDIT AGREEMENT, DATED AS OF NOVEMBER 21 2017 - JUNIPER NETWORKS INCjnpr-20171231ex1031.htm
EX-10.19 - AMENDED AND RESTATED JUNIPER NETWORKS, INC. 2008 EMPLOYEE STOCK PURCHASE PLAN - JUNIPER NETWORKS INCjnpr-20171231ex1019.htm
10-K - FORM 10-K - JUNIPER NETWORKS INCjnpr-10k20171231.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,
 
2017
 
2016
 
2015
 
2014
 
2013
Earnings for computation of ratio(*):
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes and
before adjustment for noncontrolling interests in consolidated subsidiaries or income from equity investees
$
811.8

 
$
827.4

 
$
852.2

 
$
(86.3
)
 
$
518.4

Plus:
 
 
 
 
 
 
 
 
 
Fixed charges
113.1

 
109.4

 
98.5

 
83.3

 
76.1

Amortization of capitalized interest
1.4

 
1.3

 
0.8

 
0.5

 
0.4

Less:
 
 
 
 
 
 
 
 
 
Interest capitalized
—

 
(0.4
)
 
(2.2
)
 
(2.7
)
 
(1.9
)
Total earnings (loss)
$
926.3

 
$
937.7

 
$
949.3

 
$
(5.2
)
 
$
593.0

 
 
 
 
 
 
 
 
 
 
Fixed charges(*):
 
 
 
 
 
 
 
 
 
Interest expense
$
99.2

 
$
95.7

 
$
81.9

 
$
66.0

 
$
58.1

Interest capitalized
—

 
0.4

 
2.2

 
2.7

 
1.9

Amortized premiums, discounts, and capitalized expenses relating to indebtedness
2.1

 
1.9

 
1.4

 
0.8

 
0.3

Estimate of interest within rental
   expense
11.8

 
11.4

 
13.0

 
13.8

 
15.8

Total fixed charges
$
113.1

 
$
109.4

 
$
98.5

 
$
83.3

 
$
76.1

 
 
 
 
 
 
 
 
 
 
Ratio of earnings (loss) to fixed charges
8.2x

 
8.6x

 
9.6x


(0.1)x

 
7.8x

________________________________
(*) 
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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