JUNIPER NETWORKS INC - FORM 10-K - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - February 19, 2016

Attached files

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EX-31.1 - CERTIFICATION OF REGISTRANT'S CEO, PURSUANT TO RULE 13A-14(A)/15D-14(A) - JUNIPER NETWORKS INCjnpr-20151231ex311.htm
EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - JUNIPER NETWORKS INCjnpr-20151231ex231.htm
EX-21.1 - SUBSIDIARIES OF THE COMPANY - JUNIPER NETWORKS INCjnpr-20151231ex211.htm
EX-32.1 - CERTIFICATION OF REGISTRANT'S CEO, PURSUANT TO 18 U.S.C. SECTION 1350 - JUNIPER NETWORKS INCjnpr-20151231ex321.htm
EX-32.2 - CERTIFICATION OF REGISTRANT'S CFO, PURSUANT TO 18 U.S.C. SECTION 1350 - JUNIPER NETWORKS INCjnpr-20151231ex322.htm
EX-10.58 - INDEMNIFICATION TRUST AGREEMENT - JUNIPER NETWORKS INCjnpr-20151231ex1058.htm
EX-10.60 - FORM OF EXECUTIVE COMPENSATION RECOVERY AGREEMENT - JUNIPER NETWORKS INCjnpr-20151231ex1060.htm
EX-10.59 - AMENDMENT NO. 1 TO INDEMNIFICATION TRUST AGREEMENT - JUNIPER NETWORKS INCjnpr-20151231ex1059.htm
10-K - FORM 10-K - JUNIPER NETWORKS INCjnpr-10k20151231.htm
EX-31.2 - CERTIFICATION OF REGISTRANT'S CFO, PURSUANT TO RULE 13A-14(A)/15D-14(A) - JUNIPER NETWORKS INCjnpr-20151231ex312.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,
 
2015(*)
 
2014(*)
 
2013(*)
 
2012(*)
 
2011(*)
Earnings for computation of ratio:
 
 
 
 
 
 
 
 
 
Pre-tax income (loss) from continuing operations before adjustment for noncontrolling interests in consolidated subsidiaries or income from equity investees
$
852.2

 
$
(86.3
)
 
$
518.4

 
$
266.0

 
$
572.0

Fixed charges
98.5

 
83.3

 
76.1

 
72.0

 
69.2

Amortization of capitalized interest
0.8

 
0.5

 
0.4

 
—

 
—

Less:
 
 
 
 
 
 
 
 
 
Interest capitalized
(2.2
)
 
(2.7
)
 
(1.9
)
 
(7.1
)
 
(1.2
)
Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges
—

 
—

 
—

 
—

 
—

Total earnings (loss)
$
949.3

 
$
(5.2
)
 
$
593.0

 
$
330.9

 
$
640.0

 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
Interest expense
$
81.9

 
$
66.0

 
$
58.1

 
$
52.2

 
$
48.9

Interest capitalized
2.2

 
2.7

 
1.9

 
—

 
—

Amortized premiums, discounts, and capitalized expenses relating to indebtedness
1.4

 
0.8

 
0.3

 
0.8

 
0.6

Estimate of interest within rental expense
13.0

 
13.8

 
15.8

 
19.0

 
19.7

Total fixed charges
$
98.5

 
$
83.3

 
$
76.1

 
$
72.0

 
$
69.2

 
 
 
 
 
 
 
 
 
 
Ratio of earnings (loss) to fixed charges
9.6


(0.1
)
 
7.8

 
4.6

 
9.2

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



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