JUNIPER NETWORKS INC - FORM 10-Q - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - May 8, 2018

Attached files

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EX-10.1 - SHARE REPURCHASE TRANSACTION AGREEMENT WITH BARCLAYS BANK PLC INC. - JUNIPER NETWORKS INCjnpr-20180331ex101.htm
EX-32.2 - CERTIFICATION OF REGISTRANT'S CFO, PURSUANT TO 18 U.S.C. SECTION 1350 - JUNIPER NETWORKS INCjnpr-20180331ex322.htm
EX-32.1 - CERTIFICATION OF REGISTRANT'S CEO, PURSUANT TO 18 U.S.C. SECTION 1350 - JUNIPER NETWORKS INCjnpr-20180331ex321.htm
EX-31.2 - CERTIFICATION OF REGISTRANT'S CFO, PURSUANT TO RULE 13A-14(A)/15D-14(A) - JUNIPER NETWORKS INCjnpr-20180331ex312.htm
EX-31.1 - CERTIFICATION OF REGISTRANT'S CEO, PURSUANT TO RULE 13A-14(A)/15D-14(A) - JUNIPER NETWORKS INCjnpr-20180331ex311.htm
EX-10.4 - LETTER AGREEMENT BETWEEN JUNIPER NETWORKS, INC. AND VINCENT MOLINARO - JUNIPER NETWORKS INCjnpr-20180331ex104.htm
EX-10.3 - EMPLOYMENT AGREEMENT BETWEEN JUNIPER NETWORKS, INC. AND MANOJ LEELANIVAS - JUNIPER NETWORKS INCjnpr-20180331ex103.htm
EX-10.2 - SHARE REPURCHASE TRANSACTION AGREEMENT WITH WELLS FARGO BANK - JUNIPER NETWORKS INCjnpr-20180331ex102.htm
10-Q - FORM 10-Q - JUNIPER NETWORKS INCjnpr-10q20180331.htm


EXHIBIT 12.1

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

 
Three Months Ended March 31,
 
Years Ended December 31,
 
2018
 
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
$
41.4

 
$
811.8

 
$
827.4

 
$
852.2

 
$
(86.3
)
 
$
518.4

Plus:
 
 
 
 
 
 
 
 
 
 
 
Fixed charges
29.1

 
113.1

 
109.4

 
98.5

 
83.3

 
76.1

Amortization of capitalized interest
0.4

 
1.4

 
1.3

 
0.8

 
0.5

 
0.4

Less:
 
 
 
 
 
 
 
 
 
 
 
Interest capitalized
—

 
—

 
(0.4
)
 
(2.2
)
 
(2.7
)
 
(1.9
)
Total earnings (loss)
$
70.9


$
926.3

 
$
937.7

 
$
949.3

 
$
(5.2
)
 
$
593.0

 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges(*):
 
 
 
 
 
 
 
 
 
 
 
Interest expense
$
25.5

 
$
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
0.5

 
2.1

 
1.9

 
1.4

 
0.8

 
0.3

Estimate of interest within rental
   expense
3.1

 
11.8

 
11.4

 
13.0

 
13.8

 
15.8

Total fixed charges
$
29.1


$
113.1

 
$
109.4

 
$
98.5

 
$
83.3

 
$
76.1

 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings (loss) to fixed charges
2.4x

 
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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