JUNIPER NETWORKS INC - FORM 10-Q - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - November 10, 2014

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EX-31.1 - CERTIFICATION OF REGISTRANT'S CEO, PURSUANT TO RULE 13A-14(A)/15D-14(A) - JUNIPER NETWORKS INCjnpr-20140930ex311.htm
EX-10.1 - ASSIGNMENT AND ASSUMPTION OF LEASE (BUILDING 1) - JUNIPER NETWORKS INCjnpr-20140930ex101.htm
EX-10.5 - CONSENT TO ASSIGNMENT AND SECOND AMENDMENT TO LEASE (BUILDING 2) - JUNIPER NETWORKS INCjnpr-20140930ex105.htm
EX-31.2 - CERTIFICATION OF REGISTRANT'S CFO, PURSUANT TO RULE 13A-14(A)/15D-14(A) - JUNIPER NETWORKS INCjnpr-20140930ex312.htm
EX-32.1 - CERTIFICATION OF REGISTRANT'S CEO, PURSUANT TO 18 U.S.C. SECTION 1350 - JUNIPER NETWORKS INCjnpr-20140930ex321.htm
EX-10.8 - CONSENT TO SUBLEASE (BUILDING 1) - JUNIPER NETWORKS INCjnpr-20140930ex108.htm
EX-10.7 - SUBLEASE (BUILDING 1) - JUNIPER NETWORKS INCjnpr-20140930ex107.htm
EX-10.10 - FORM OF SEVERANCE AGREEMENT FOR CERTAIN OFFICERS FIRST USED IN NOVEMBER 2014 - JUNIPER NETWORKS INCjnpr-20140930ex1010.htm
EX-10.4 - CONSENT TO ASSIGNMENT AND THIRD AMENDMENT TO LEASE (BUILDING 1) - JUNIPER NETWORKS INCjnpr-20140930ex104.htm
EX-10.3 - ASSIGNMENT AND ASSUMPTION OF LEASE (BUILDING 3) - JUNIPER NETWORKS INCjnpr-20140930ex103.htm
EX-10.6 - CONSENT TO ASSIGNMENT AND AMENDMENT NO. 3 TO LEASE (BUILDING 3) - JUNIPER NETWORKS INCjnpr-20140930ex106.htm
EXCEL - IDEA: XBRL DOCUMENT - JUNIPER NETWORKS INCFinancial_Report.xls
10-Q - FORM 10-Q - JUNIPER NETWORKS INCjnpr-10q20140930.htm
EX-10.2 - ASSIGNMENT AND ASSUMPTION OF LEASE (BUILDING 2) - JUNIPER NETWORKS INCjnpr-20140930ex102.htm
EX-32.2 - CERTIFICATION OF REGISTRANT'S CFO, PURSUANT TO 18 U.S.C. SECTION 1350 - JUNIPER NETWORKS INCjnpr-20140930ex322.htm
EX-10.9 - 2006 EQUITY INCENTIVE PLAN, AS AMENDED OCTOBER 2, 2014 - JUNIPER NETWORKS INCjnpr-20140930ex109.htm


EXHIBIT 12.1

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

 
Nine Months Ended September 30,
 
Years Ended December 31,
 
2014(*)
 
2013(*)
 
2012(*)
 
2011(*)
 
2010(*)
 
2009(*)
Earnings for computation of ratio:
 
 
 
 
 
 
 
 
 
 
 
Pre-tax income from continuing operations
  before adjustment for noncontrolling
  interests in consolidated subsidiaries or
  income from equity investees
$
608.1

 
$
518.4

 
$
266.0

 
$
572.0

 
$
769.5

 
$
317.6

Fixed charges
63.4

 
76.1

 
72.0

 
69.2

 
16.8

 
17.0

Amortization of capitalized interest
0.4

 
0.4

 
—

 
—

 
—

 
—

Less:
 
 
 
 
 
 
 
 
 
 
 
Interest capitalized
(2.2
)
 
(1.9
)
 
(7.1
)
 
(1.2
)
 
—

 
—

Noncontrolling interest in pre-tax income
  of subsidiaries that have not incurred
  fixed charges
—

 
—

 
—

 
—

 
(1.3
)
 
—

Total earnings
$
669.7

 
$
593.0

 
$
330.9

 
$
640.0

 
$
785.0

 
$
334.6

 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
Interest expense
$
49.6

 
$
58.1

 
$
52.2

 
$
48.9

 
$
—

 
$
—

Interest capitalized
2.2

 
1.9

 
—

 
—

 
—

 
—

Amortized premiums, discounts, and
  capitalized expenses relating to
  indebtedness
0.6

 
0.3

 
0.8

 
0.6

 
—

 
—

Estimate of interest within rental expense
11.0

 
15.8

 
19.0

 
19.7

 
16.8

 
17.0

Total fixed charges
$
63.4

 
$
76.1

 
$
72.0

 
$
69.2

 
$
16.8

 
$
17.0

 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
10.6

 
7.8

 
4.6

 
9.2

 
46.8

 
19.7

________________________________
(*) 
For these ratios, "earnings" represents income before taxes before adjustment for noncontrolling interests in equity investments and fixed charges, adjusted for interest capitalized and noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges.



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