JUNIPER NETWORKS INC

10-K & 10-Q Filings

Juniper Networks is a technology company that delivers reliable and secure networking solutions to businesses, telecommunication and cloud providers, and enterprise IT teams. The company's business strategy is focused on providing experience-first networking solutions that simplify operations and deliver superior network experiences to customers. Juniper Networks operates in three geographic regions: Americas, Europe, Middle East, and Africa (EMEA), and Asia Pacific (APAC). The company's products and solutions address secure connectivity needs for cloud and telecommunication service providers, enterprises, and data centers. Its solutions include automated wide area networking, AI-driven enterprise, and cloud-ready data center solutions. Juniper Networks offers a variety of services, including maintenance and support, professional services, SaaS, and education and training programs. The company's principal products for automated wide area networking include ACX Series Universal Access Routers, MX Series high-performance routers, PTX Series packet transport routers, and Juniper Paragon, a modular portfolio of cloud-native applications. For AI-driven enterprise, the company offers Juniper Access Points, EX Series Ethernet switches, Session Smart Routers, and Mist AI technology. In cloud-ready data centers, Juniper Networks provides QFX Series data center switches and Juniper Apstra, an intent-based automation solution. Juniper Networks also offers a Junos Platform, which enables customers to expand network software into the application space, deploy software clients to control delivery, and accelerate innovation with an ecosystem of developers. The company's security solutions include SRX Series Services Gateways, Branch SRX, Virtual Firewall, and Advanced Malware Protection. The company's website is www.juniper.net, and its ticker symbol is JNPR.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)

$4448.71

4365.40

4669.10

4627.10

4857.80

4990.10

5027.20

4647.50

4445.40

4445.10

4735.40

5301.20

5564.50

1371.80

1148.90

1.88%-16.25%Cost of Revenue (-)

$1580.12

1656.60

1727.70

1768.90

1779.20

1885.60

1955.10

1906.30

1828.60

1871.40

1995.30

2342.90

2362.60

600.60

468.00

3.41%-22.08%Gross Profit (+)

$2868.59

2708.80

2941.40

2858.20

3078.60

3104.50

3072.10

2741.20

2616.80

2573.70

2740.10

2958.30

3201.90

771.20

680.90

0.92%-11.71%Selling, General & Administrative (-)

$1180.19

1245.60

1293.20

1254.70

1172.70

1197.80

1177.70

1158.50

1183.60

1194.20

1302.50

1382.90

1489.40

371.20

366.10

1.96%-1.37%Research & Development (-)

$1026.79

1101.60

1043.20

1006.20

994.50

1013.70

980.70

1003.20

955.70

958.40

1007.20

1036.10

1144.40

284.80

296.60

0.91%4.14%Depreciation & Amortization (-)

$5.37

4.70

Non-recurring Operating Expenses (-)

46.80

850.00

65.60

7.30

35.30

68.00

42.90

20.20

98.00

-0.50

4.10

920.00%Operating Expenses (-)

$2250.07

2400.70

2375.50

3277.90

2166.60

2214.80

2224.00

2169.00

2174.60

2220.60

2352.60

2439.20

2731.80

655.50

695.10

1.63%6.04%Costs & Expenses (Total) (-)

$3830.18

4057.30

4103.20

5046.80

3945.80

4100.40

4179.10

4075.30

4003.20

4092.00

4347.90

4736.30

5094.40

1256.10

1163.10

2.41%-7.40%Operating Income/Loss (+)

$618.52

308.10

565.90

-419.70

912.00

889.70

848.10

572.20

442.20

353.10

387.50

519.10

470.10

115.70

-14.20

-2.26%-112.27%Non-operating Income/Expense (+)

$-46.81

-16.60

-40.40

333.40

-59.80

-62.30

-36.30

-39.50

-27.80

-87.90

-77.40

-33.40

-10.70

Earnings before Tax (+)

$571.72

291.50

525.50

-86.30

852.20

827.40

811.80

532.70

414.40

265.20

310.10

536.30

349.00

107.10

-26.40

-4.03%-124.65%Tax Expense (-)

$146.70

105.00

85.70

248.00

218.50

234.70

505.60

-34.20

69.40

7.40

57.40

60.50

29.20

19.60

-27.70

-12.59%-241.33%Income/Loss (Continuing Operations) (+)

$425.01

186.50

439.80

-334.30

633.70

592.70

306.20

566.90

345.00

257.80

252.70

475.80

319.80

87.50

1.30

-2.34%-98.51%Profit/Loss (+)

$425.01

186.50

439.80

Net Income/Loss (NCI) (-)

$-0.12

Net Income/Loss (+)

$425.14

186.50

439.80

-334.30

633.70

592.70

306.20

566.90

345.00

257.80

252.70

471.00

310.20

85.40

-0.80

-2.59%-100.94%Net Income/Loss (Common) (+)

$425.14

186.50

439.80

-334.30

633.70

592.70

306.20

566.90

345.00

257.80

252.70

471.00

310.20

85.40

-0.80

-2.59%-100.94%EPS (Basic)

$0.80

0.36

0.88

-0.73

1.62

1.55

0.81

1.62

1.01

0.78

1.46

0.97

0.26

1.62%EPS (Diluted)

$0.79

0.35

0.86

-0.73

1.59

1.53

0.80

1.60

0.99

0.77

0.76

1.43

0.95

0.26

1.55%Weighted Avg Shares (Basic)

529.77

520.90

501.80

457.40

390.60

381.70

377.70

349.00

343.20

330.40

324.40

322.10

320.00

322.30

322.60

-4.11%0.09%Weighted Avg Shares (Diluted)

541.42

526.20

510.30

457.40

399.40

387.80

384.20

354.40

348.20

335.20

331.60

329.50

325.90

329.10

322.60

-4.14%-1.98%Cash

$2910.42

2407.80

2284.00

1639.60

1420.90

1833.20

2006.50

2489.00

1215.80

1361.90

922.50

880.10

1068.10

923.50

1069.80

-8.01%15.84%Short-term Investments

$641.32

441.50

561.90

332.20

527.10

752.30

1026.10

1070.10

738.00

412.10

315.50

210.30

139.40

174.90

187.90

-11.94%7.43%Receivables

$577.39

438.40

578.30

598.90

780.70

1054.10

852.00

754.60

879.70

964.10

994.40

1227.30

1044.10

1061.80

814.90

5.06%-23.25%Inventory

272.60

619.40

952.40

761.50

958.20

25.83%Prepaid Expenses (Current)

$156.22

140.40

199.90

254.20

183.70

332.30

299.90

268.10

376.30

533.10

451.60

680.00

591.50

736.40

510.10

11.73%-30.73%Other Assets (Current)

$154.31

172.60

79.80

147.00

Assets (Current)

$4439.66

3600.70

3703.90

2971.90

2912.40

3971.90

4184.50

4581.80

3209.80

3271.20

2956.60

3617.10

3795.50

3658.10

3540.90

-1.30%-3.20%Securities & Long-term Investments

$818.97

1094.50

1341.40

1179.10

1280.40

1171.70

1024.50

199.00

589.80

656.60

455.50

139.60

116.80

92.60

277.20

-14.98%199.35%Property, Plant & Equipment (Net)

$598.58

811.90

882.30

904.30

1021.00

1063.80

1021.10

951.70

1000.60

946.90

864.30

808.40

801.30

803.70

847.00

2.46%5.39%Goodwill & Intangibles

$4051.26

4186.70

4164.60

3043.90

3015.20

3211.90

3224.30

3227.30

3522.90

3936.30

4046.40

3894.90

3826.20

3877.70

3808.90

-0.48%-1.77%Other Assets

$75.35

138.30

233.80

303.90

390.20

237.20

379.40

403.50

514.60

567.30

564.20

866.70

978.70

884.20

1004.20

23.82%13.57%Assets (Non-current)

$5544.16

6231.40

6622.10

5431.20

5706.80

5684.60

5649.30

4781.50

5627.90

6107.10

5930.40

5709.60

5723.00

5658.20

5937.30

0.26%4.93%Assets (Total)

$9983.82

9832.10

10326.00

8403.10

8619.20

9656.50

9833.80

9363.30

8837.70

9378.30

8887.00

9326.70

9518.50

9316.30

9478.20

-0.40%1.74%Accounts Payable

$560.41

496.40

474.30

459.60

428.80

454.60

403.60

429.80

448.50

547.70

609.70

653.50

295.10

585.90

461.10

-5.20%-21.30%Debt (Current)

299.90

349.90

421.50

Other Liabilities (Current)

$906.30

925.60

967.10

1068.10

1073.20

1281.30

1334.60

1062.80

1095.40

1191.90

1266.80

1425.40

1808.90

1488.30

1568.90

5.93%5.42%Liabilities (Current)

$1466.70

1422.00

1441.40

1527.70

1801.90

1735.90

1738.20

1842.50

1543.90

2161.10

1876.50

2078.90

2104.00

2074.20

2030.00

3.05%-2.13%Debt (Non-current)

$999.03

999.20

999.30

1349.00

1648.80

2133.70

2136.30

1789.10

1842.00

1705.80

1686.80

1601.30

1616.80

1616.70

1607.10

4.09%-0.59%Other Liabilities

$428.43

411.40

583.10

607.30

594.10

824.40

1278.40

908.50

841.20

967.90

1006.80

1171.40

1305.00

1190.20

1359.90

9.73%14.26%Liabilities (Non-current)

$1427.46

1410.60

1582.40

1956.30

2242.90

2958.10

3414.70

2697.60

2683.20

2673.70

2693.60

2772.70

2921.80

2806.90

2967.00

6.15%5.70%Liabilities (Total)

$2894.16

2832.60

3023.80

3484.00

4044.80

4694.00

5152.90

4540.10

4227.10

4834.80

4570.10

4851.60

5025.80

4881.10

4997.00

4.71%2.37%Retained Earnings

$-2972.40

-2911.40

-2631.30

-3861.10

-3741.20

-3281.80

-3355.80

-2831.40

-2741.40

-2669.00

-2653.60

-2375.50

-2296.40

-2381.20

-2307.00

3.12%AOCI

$-17.59

4.70

64.60

-13.80

-19.20

-37.30

-5.40

-18.20

-18.50

55.60

-2.10

4.20

49.10

8.30

12.10

45.78%Shareholder's Equity

$7089.66

6999.50

7302.20

4919.10

4574.40

4962.50

4680.90

4823.20

4610.60

4543.50

4316.90

4475.10

4492.70

4435.20

4481.20

-3.73%1.04%Liabilities & Equity

$9983.82

9832.10

10326.00

8403.10

8619.20

9656.50

9833.80

9363.30

8837.70

9378.30

8887.00

9326.70

9518.50

9316.30

9478.20

-0.40%1.74%Net Income/Loss

$425.01

186.50

439.80

-334.30

633.70

592.70

306.20

566.90

345.00

257.80

252.70

471.00

310.20

85.40

-0.80

-2.59%-100.94%Depreciation & Amortization

$170.04

188.50

189.90

186.10

176.50

206.70

225.60

210.50

210.30

212.40

237.40

217.70

194.70

49.40

44.20

1.14%-10.53%Increase/Decrease in Working Capital

$-192.65

27.00

143.60

57.80

102.00

-24.40

-690.30

185.60

292.30

90.50

199.10

574.60

-70.00

20.10

-202.40

-1106.97%Share-based Compensation

$217.76

242.70

244.60

240.00

217.30

224.60

187.50

217.10

202.20

190.20

222.60

209.30

274.60

60.90

79.90

1.95%31.20%Adjustments to Reconcile Net Income

$556.50

451.80

398.80

1093.60

254.40

508.40

949.30

294.20

183.90

354.20

437.00

-373.40

562.60

106.10

325.80

0.09%207.07%Net Cash (Operating)

$986.73

642.40

842.30

763.40

892.50

1106.00

1260.10

861.10

528.90

612.00

689.70

97.60

872.80

191.50

325.00

-1.02%69.71%Capital Expenditure

$297.03

553.40

253.10

114.30

213.80

359.30

184.20

206.50

387.80

146.30

110.10

30.60

160.10

42.10

34.80

-5.02%-17.34%Net Cash (Investing)

$-707.24

-596.70

-564.40

434.00

-508.70

-450.10

-309.00

564.80

-528.20

-288.90

13.80

407.50

-67.60

42.20

-265.50

-729.15%Increase/Decrease in Debt

$991.56

-1.40

346.10

595.00

194.00

-454.80

416.20

-423.80

Increase/Decrease in Equity

$-201.64

-551.50

-436.10

-2102.70

-1032.40

-262.30

-661.30

-699.70

-499.30

-326.40

-387.10

-258.00

-335.70

-120.20

17.50

114.56%Interest Expenses

$35.66

50.10

57.40

44.90

80.60

92.80

93.90

94.00

90.60

87.20

62.60

67.30

81.50

7.13%Dividends Paid

86.00

156.30

152.50

150.40

249.30

260.10

264.10

259.10

270.40

280.80

70.60

71.40

1.13%Net Cash (Financing)

$819.04

-548.30

-401.70

-1824.20

-581.40

-229.60

-794.80

-968.60

-1228.80

-222.40

-1131.70

-528.40

-618.80

-190.80

-53.90

71.75%Cash Taxes Paid

$-2.08

118.70

105.10

206.00

128.30

173.90

193.50

181.00

98.80

84.10

113.20

253.20

400.90

Effect of Exchange Rate

-17.60

-21.10

-14.00

17.00

-10.60

-1.20

5.80

-12.10

-21.70

0.20

1.20

-3.60

-400.00%Increase/Decrease in Cash

$1098.53

-502.60

-123.80

-644.40

-218.70

412.30

173.30

446.70

-1229.30

106.50

-440.30

-45.00

186.60

44.10

2.00

-13.73%-95.46%Cash (Beginning)

$1811.89

2910.40

2407.80

2284.00

1639.60

1420.90

1833.20

2059.10

2505.80

1276.50

1383.00

942.70

897.70

1084.30

-5.68%20.79%Cash (Ending)

$2910.42

2407.80

2284.00

1639.60

1420.90

1833.20

2006.50

2505.80

1276.50

1383.00

942.70

897.70

1084.30

941.80

1086.30

-7.90%15.34%NOPAT

$459.81

182.64

452.72

582.13

774.70

702.71

645.95

608.94

336.77

241.13

246.05

274.02

-69.91

94.53

-29.10

-130.78%Gross Margin %

64.48%

62.05%

63.00%

61.77%

63.37%

62.21%

61.11%

58.98%

58.87%

57.90%

57.86%

55.80%

57.54%

56.22%

59.27%

Operating Margin %

13.90%

7.06%

12.12%

-9.07%

18.77%

17.83%

16.87%

12.31%

9.95%

7.94%

8.18%

9.79%

8.45%

8.43%

-1.24%

NOPAT Margin %

10.34%

4.18%

9.70%

12.58%

15.95%

14.08%

12.85%

13.10%

7.58%

5.42%

5.20%

5.17%

-1.26%

6.89%

-2.53%

Net Margin %

9.56%

4.27%

9.42%

-7.22%

13.04%

11.88%

6.09%

12.20%

7.76%

5.80%

5.34%

8.88%

5.57%

6.23%

-0.07%

Tax Rate %

25.66%

40.72%

20.00%

238.70%

15.06%

21.02%

23.84%

-6.42%

23.84%

31.71%

36.50%

47.21%

114.87%

18.30%

-104.92%

ROA

4.61%

1.86%

4.38%

6.93%

8.99%

7.28%

6.57%

6.50%

3.81%

2.57%

2.77%

2.94%

-0.73%

1.01%

-0.31%

ROE

6.49%

2.61%

6.20%

11.83%

16.94%

14.16%

13.80%

12.63%

7.30%

5.31%

5.70%

6.12%

-1.56%

2.13%

-0.65%

ROIC

9.55%

3.61%

8.49%

13.63%

17.14%

13.87%

13.38%

12.94%

6.44%

4.24%

4.20%

4.29%

-1.06%

1.56%

-0.50%

Asset Turnover

0.45

0.44

0.45

0.55

0.56

0.52

0.51

0.50

0.47

0.53

0.57

0.58

0.15

0.12

Inventory Turnover

7.32

3.78

2.48

0.79

0.49

Equity Multiplier

1.41

1.40

1.41

1.71

1.88

1.95

2.10

1.94

1.92

2.06

2.08

2.12

2.10

2.12

Current Ratio

3.03

2.53

2.57

1.95

1.62

2.29

2.41

2.49

2.08

1.51

1.58

1.74

1.80

1.76

1.74

Quick Ratio

2.82

2.31

2.38

1.68

1.51

2.10

2.23

2.34

1.84

1.27

1.19

1.11

1.07

1.04

1.02

Debt/Equity Ratio

0.14

0.27

0.43

0.46

0.44

0.40

0.47

0.39

0.36

Interest Coverage Ratio

17.35

6.15

9.86

-9.35

11.32

9.59

9.03

6.09

4.88

4.05

6.19

7.71

5.77

Working Capital/Sales

0.04

0.01

0.06

0.07

0.10

0.16

0.12

0.11

0.16

0.18

0.20

0.32

0.35

1.00

R&D/Sales

0.23

0.25

0.22

0.20

0.22

0.21

0.22

0.21

0.20

0.21

0.26

Dividend Payout Ratio %

14.77%

20.18%

21.70%

23.28%

40.94%

77.23%

109.53%

105.31%

98.68%

401.67%

74.69%

245.37%

Total Payout

$-754.26

603.00

494.90

1887.50

674.30

313.60

905.60

1043.00

1304.80

261.50

1132.60

595.70

698.00

190.80

53.90

-71.75%Payout Ratio %

-164.04%

330.16%

109.32%

324.24%

87.04%

44.63%

140.20%

171.28%

387.44%

108.45%

460.32%

217.39%

998.44%

201.85%

185.23%