EX-12.1 3 jnpr-20130930ex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES JNPR Q3 09-30-13 ex12.1


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,
 
2013 (*)
 
2012 (*)
 
2011 (*)
 
2010 (*)
 
2009 (*)
 
2008 (*)
Earnings for computation of ratio:
 
 
 
 
 
 
 
 
 
 
 
Pre-tax income from continuing operations
  before adjustment for noncontrolling
  interests in consolidated subsidiaries or
  income from equity investees
$
335.5

 
$
266.0

 
$
572.0

 
$
769.5

 
$
317.6

 
$
743.7

Fixed charges
56.8

 
72.0

 
69.2

 
16.8

 
17.0

 
23.2

Amortization of capitalized interest
0.3

 
—

 
—

 
—

 
—

 
—

Less:
 
 
 
 
 
 
 
 
 
 
 
Interest capitalized
(1.4
)
 
(7.1
)
 
(1.2
)
 
—

 
—

 
—

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

 
—

 
—

 
(1.3
)
 
—

 
—

Total earnings
$
391.2

 
$
330.9

 
$
640.0

 
$
785.0

 
$
334.6

 
$
766.9

 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
Interest expense
$
43.3

 
$
52.2

 
$
48.9

 
$
—

 
$
—

 
$
5.8

Amortized premiums, discounts, and
  capitalized expenses relating to
  indebtedness
0.1

 
0.8

 
0.6

 
—

 
—

 
—

Interest capitalized
1.4

 
 
 
 
 
 
 
 
 
 
Estimate of interest within rental expense
12.0

 
19.0

 
19.7

 
16.8

 
17.0

 
17.4

Total fixed charges
$
56.8

 
$
72.0

 
$
69.2

 
$
16.8

 
$
17.0

 
$
23.2

 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
6.9

 
4.6

 
9.2

 
46.8

 
19.7

 
33.0

________________________________
(*)
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.