2014 Q1 Form 10-Q Financial Statement

#000104360414000097 Filed on May 08, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $1.170B $1.059B
YoY Change 10.47% 2.59%
Cost Of Revenue $450.0M $388.4M
YoY Change 15.86% -2.51%
Gross Profit $720.1M $670.8M
YoY Change 7.35% 5.79%
Gross Profit Margin 61.54% 63.33%
Selling, General & Admin $348.3M $314.6M
YoY Change 10.71% -0.06%
% of Gross Profit 48.37% 46.9%
Research & Development $264.0M $262.2M
YoY Change 0.69% -2.74%
% of Gross Profit 36.66% 39.09%
Depreciation & Amortization $48.10M $51.80M
YoY Change -7.14% 19.35%
% of Gross Profit 6.68% 7.72%
Operating Expenses $726.3M $583.8M
YoY Change 24.41% -0.44%
Operating Profit -$6.200M $87.00M
YoY Change -107.13% 82.39%
Interest Expense $15.50M $14.30M
YoY Change 8.39% 0.7%
% of Operating Profit 16.44%
Other Income/Expense, Net $154.2M -$10.10M
YoY Change -1626.73% -58.61%
Pretax Income $148.0M $76.90M
YoY Change 92.46% 230.04%
Income Tax $37.40M -$14.10M
% Of Pretax Income 25.27% -18.34%
Net Earnings $110.6M $91.00M
YoY Change 21.54% 458.28%
Net Earnings / Revenue 9.45% 8.59%
Basic Earnings Per Share $0.23 $0.18
Diluted Earnings Per Share $0.22 $0.18
COMMON SHARES
Basic Shares Outstanding 486.2M shares 504.7M shares
Diluted Shares Outstanding 496.5M shares 512.7M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $2.579B $2.044B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $54.70M $54.10M
Prepaid Expenses
Receivables $597.9M $532.6M
Other Receivables
Total Short-Term Assets $3.880B $3.540B
YoY Change 9.6% -16.33%
LONG-TERM ASSETS
Property, Plant & Equipment $905.7M $839.0M
YoY Change 7.95% 29.59%
Goodwill $4.071B $4.058B
YoY Change 0.33% 1.76%
Intangibles $115.1M $131.2M
YoY Change -12.27% -13.99%
Long-Term Investments
YoY Change
Other Assets $158.9M $152.8M
YoY Change 3.99% 160.96%
Total Long-Term Assets $5.844B $6.290B
YoY Change -7.1% 10.09%
TOTAL ASSETS
Total Short-Term Assets $3.880B $3.540B
Total Long-Term Assets $5.844B $6.290B
Total Assets $9.724B $9.830B
YoY Change -1.09% -1.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $222.2M $223.8M
YoY Change -0.71% 14.52%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.446B $1.424B
YoY Change 1.59% 4.63%
LONG-TERM LIABILITIES
Long-Term Debt $1.349B $999.2M
YoY Change 35.0% 0.01%
Other Long-Term Liabilities $115.5M $58.00M
YoY Change 99.14% -6.31%
Total Long-Term Liabilities $1.464B $1.057B
YoY Change 38.52% -0.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.446B $1.424B
Total Long-Term Liabilities $1.464B $1.057B
Total Liabilities $3.414B $2.774B
YoY Change 23.07% 14.55%
SHAREHOLDERS EQUITY
Retained Earnings -$2.948B -$2.862B
YoY Change 3.0% -3.79%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.056B
YoY Change
Total Liabilities & Shareholders Equity $9.724B $9.830B
YoY Change -1.09% -1.15%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $110.6M $91.00M
YoY Change 21.54% 458.28%
Depreciation, Depletion And Amortization $48.10M $51.80M
YoY Change -7.14% 19.35%
Cash From Operating Activities $124.6M -$8.900M
YoY Change -1500.0% -108.7%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions $27.10M $10.00M
YoY Change 171.0% -88.95%
Other Investing Activities
YoY Change
Cash From Investing Activities $913.0M -$285.1M
YoY Change -420.24% 205.57%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00
YoY Change
Common Stock Issuance & Retirement, Net $804.6M $67.50M
YoY Change 1092.0% 268.85%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$743.8M -$70.10M
YoY Change 961.06% 1012.7%
NET CHANGE
Cash From Operating Activities $124.6M -$8.900M
Cash From Investing Activities $913.0M -$285.1M
Cash From Financing Activities -$743.8M -$70.10M
Net Change In Cash $293.8M -$364.1M
YoY Change -180.69% -13585.19%
FREE CASH FLOW
Cash From Operating Activities $124.6M -$8.900M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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CY2014Q1 us-gaap Liabilities Current
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CY2014Q1 us-gaap Long Term Debt Noncurrent
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CY2013Q4 us-gaap Long Term Investments
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CY2014Q1 us-gaap Long Term Investments
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521200000 USD
CY2014Q1 us-gaap Maximum Length Of Time Hedged In Cash Flow Hedge1
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P1Y
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CY2013Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2014Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2013Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2013Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2014Q1 us-gaap Net Cash Provided By Used In Operating Activities
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126000000 USD
CY2014Q1 us-gaap Net Income Loss
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CY2013Q1 us-gaap Net Income Loss
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CY2013Q1 us-gaap Nonoperating Income Expense
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CY2013Q1 us-gaap Operating Expenses
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CY2014Q1 us-gaap Operating Expenses
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CY2014Q1 us-gaap Operating Income Loss
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CY2013Q1 us-gaap Operating Income Loss
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CY2014Q1 us-gaap Operating Leases Rent Expense Minimum Rentals
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CY2013Q1 us-gaap Operating Leases Rent Expense Minimum Rentals
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CY2013Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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CY2014Q1 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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CY2014Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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1700000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2014Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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103500000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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400000 USD
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CY2013Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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CY2014Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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2100000 USD
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600000 USD
CY2014Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2013Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2013Q4 us-gaap Other Liabilities Current
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CY2014Q1 us-gaap Other Liabilities Noncurrent
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CY2014Q1 us-gaap Other Noncash Income Expense
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CY2014Q1 us-gaap Other Nonoperating Income Expense
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CY2014Q1 us-gaap Payments For Derivative Instrument Financing Activities
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CY2013Q1 us-gaap Payments For Derivative Instrument Financing Activities
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CY2013Q1 us-gaap Payments For Repurchase Of Common Stock
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CY2014Q1 us-gaap Payments For Repurchase Of Common Stock
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CY2014Q1 us-gaap Payments For Restructuring
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CY2014Q1 us-gaap Payments To Acquire Available For Sale Securities
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327100000 USD
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27100000 USD
CY2013Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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10000000 USD
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CY2013Q1 us-gaap Payments To Acquire Other Investments
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CY2013Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
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CY2014Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
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CY2013Q1 us-gaap Research And Development Expense
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CY2013Q1 us-gaap Share Based Compensation
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CY2014Q1 us-gaap Sales Revenue Goods Net
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CY2013Q1 us-gaap Sales Revenue Goods Net
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CY2013Q1 us-gaap Sales Revenue Net
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CY2014Q1 us-gaap Sales Revenue Net
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CY2013Q1 us-gaap Sales Revenue Services Net
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CY2014Q1 us-gaap Sales Revenue Services Net
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CY2013Q1 us-gaap Selling And Marketing Expense
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CY2014Q1 us-gaap Selling And Marketing Expense
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CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2014Q1 us-gaap Share Price
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CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
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50100000 USD
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
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18200000 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
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26.04
CY2014Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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20.24
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36300000 USD
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P1Y9M18D
CY2014Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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P2Y2M12D
CY2014Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P2Y1M6D
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CY2014Q1 us-gaap Short Term Investments
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CY2013Q4 us-gaap Standard Product Warranty Accrual
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CY2014Q1 us-gaap Standard Product Warranty Accrual
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CY2014Q1 us-gaap Standard Product Warranty Accrual Payments
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6900000 USD
CY2014Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
3700000 shares
CY2014Q1 us-gaap Stock Repurchase Program Authorized Amount
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2000000000 USD
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CY2014Q1 us-gaap Stock Repurchased And Retired During Period Value
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900000000 USD
CY2013Q1 us-gaap Stock Repurchased And Retired During Period Value
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CY2014Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2013Q4 us-gaap Trading Securities
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CY2014Q1 us-gaap Trading Securities
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16100000 USD
CY2013Q4 us-gaap Trading Securities Cost
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15400000 USD
CY2014Q1 us-gaap Trading Securities Cost
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16100000 USD
CY2014Q1 us-gaap Unrecognized Tax Benefits
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CY2014Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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131900000 USD
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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496500000 shares
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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512700000 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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504700000 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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486200000 shares
CY2014Q1 jnpr Accrued Estimate Carrying Charges Or Obsolete Materials Charges
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20500000 USD
CY2013Q4 jnpr Accumulated Intangible Asset Impairment And Other Charges
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32700000 USD
CY2014Q1 jnpr Accumulated Intangible Asset Impairment And Other Charges
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32700000 USD
CY2013Q4 jnpr Available For Sale And Trading Securities Amortized Cost
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2793200000 USD
CY2014Q1 jnpr Available For Sale And Trading Securities Amortized Cost
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2104700000 USD
CY2013Q4 jnpr Available For Sale And Trading Securities Fair Value
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2897600000 USD
CY2014Q1 jnpr Available For Sale And Trading Securities Fair Value
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2105200000 USD
CY2013Q4 jnpr Available For Sale And Trading Securities Unrealized Gain
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106900000 USD
CY2014Q1 jnpr Available For Sale And Trading Securities Unrealized Gain
AvailableForSaleAndTradingSecuritiesUnrealizedGain
1500000 USD
CY2013Q4 jnpr Available For Sale And Trading Securities Unrealized Loss
AvailableForSaleAndTradingSecuritiesUnrealizedLoss
2500000 USD
CY2014Q1 jnpr Available For Sale And Trading Securities Unrealized Loss
AvailableForSaleAndTradingSecuritiesUnrealizedLoss
1000000 USD
CY2014Q1 jnpr Availableforsale Securities Debt Maturities Unrealized Gain
AvailableforsaleSecuritiesDebtMaturitiesUnrealizedGain
1400000 USD
CY2014Q1 jnpr Availableforsale Securities Debt Maturities Unrealized Loss
AvailableforsaleSecuritiesDebtMaturitiesUnrealizedLoss
200000 USD
CY2013Q4 jnpr Availableforsale Securities Gross Unrealized Gain Accumulatedin Investments
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106900000 USD
CY2014Q1 jnpr Availableforsale Securities Gross Unrealized Gain Accumulatedin Investments
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1500000 USD
CY2013Q4 jnpr Availableforsale Securities Gross Unrealized Loss Accumulatedin Investments
AvailableforsaleSecuritiesGrossUnrealizedLossAccumulatedinInvestments
2500000 USD
CY2014Q1 jnpr Availableforsale Securities Gross Unrealized Loss Accumulatedin Investments
AvailableforsaleSecuritiesGrossUnrealizedLossAccumulatedinInvestments
1000000 USD
CY2014Q1 jnpr Campus Build Out Commitments
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13900000 USD
CY2014Q1 jnpr Cash Received From Financing Provider That Has Not Been Recognized As Revenue
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61500000 USD
CY2013Q4 jnpr Cash Received From Financing Provider That Has Not Been Recognized As Revenue
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62300000 USD
CY2014Q1 jnpr Change Of Control Repurchase Price Percentage
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1.01 pure
CY2013Q1 jnpr Common Stock Repurchased Under Stock Repurchase Program Average Purchase Price
CommonStockRepurchasedUnderStockRepurchaseProgramAveragePurchasePrice
20.99
CY2013Q1 jnpr Effective Tax Reconciliation Taxongainofequityinvestments Amount
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0 USD
CY2014Q1 jnpr Effective Tax Reconciliation Taxongainofequityinvestments Amount
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35600000 USD
CY2013Q1 jnpr Federal Statutory Rate
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0.35 pure
CY2014Q1 jnpr Federal Statutory Rate
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0.35 pure
CY2013Q4 jnpr Financed Customer Receivable
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19900000 USD
CY2014Q1 jnpr Financed Customer Receivable
FinancedCustomerReceivable
20900000 USD
CY2014Q1 jnpr Gross Unrealized Gains Due Between Oneand Five Years
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1100000 USD
CY2014Q1 jnpr Gross Unrealized Losses Due Between One And Five Year
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200000 USD
CY2014Q1 jnpr Grossunrealizedgainsduewithinoneyear
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300000 USD
CY2014Q1 jnpr Grossunrealizedlossesduewithinoneyear
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0 USD
CY2014Q1 jnpr Indemnity Related Escrow Amount
IndemnityRelatedEscrowAmount
71600000 USD
CY2014Q1 jnpr Intended Quarterly Cash Dividend Basedon Most Recent Announcement
IntendedQuarterlyCashDividendBasedonMostRecentAnnouncement
0.1
CY2014Q1 jnpr Number Of Days Due From Receivable
NumberOfDaysDueFromReceivable
P30D
CY2014Q1 jnpr Other Contractual Obligations
OtherContractualObligations
7800000 USD
CY2014Q1 jnpr Outstanding Stock Options And Restricted Stock Units From Awards Assumed
OutstandingStockOptionsAndRestrictedStockUnitsFromAwardsAssumed
5700000 shares
CY2014Q1 jnpr Publiclytradedequityandprivatelyheldinvestmentsnetrealizedgain
Publiclytradedequityandprivatelyheldinvestmentsnetrealizedgain
164000000 USD
CY2013Q4 jnpr Purchased Intangible Assets Accumulated Amortization
PurchasedIntangibleAssetsAccumulatedAmortization
516100000 USD
CY2014Q1 jnpr Purchased Intangible Assets Accumulated Amortization
PurchasedIntangibleAssetsAccumulatedAmortization
525700000 USD
CY2013Q4 jnpr Receivables From Sale Of Receivables
ReceivablesFromSaleOfReceivables
189800000 USD
CY2014Q1 jnpr Receivables From Sale Of Receivables
ReceivablesFromSaleOfReceivables
127900000 USD
CY2014Q1 jnpr Restructuring Charges Included In Operating Expenses
RestructuringChargesIncludedInOperatingExpenses
114000000 USD
CY2013Q1 jnpr Restructuring Charges Included In Operating Expenses
RestructuringChargesIncludedInOperatingExpenses
7000000 USD
CY2014Q1 jnpr Sale Of Receivable
SaleOfReceivable
133000000 USD
CY2013Q1 jnpr Sale Of Receivable
SaleOfReceivable
181000000 USD
CY2013Q4 jnpr Trading Securities Unrealized Holding Gain Accumulatedin Investments
TradingSecuritiesUnrealizedHoldingGainAccumulatedinInvestments
0 USD
CY2014Q1 jnpr Trading Securities Unrealized Holding Gain Accumulatedin Investments
TradingSecuritiesUnrealizedHoldingGainAccumulatedinInvestments
0 USD
CY2013Q4 jnpr Trading Securities Unrealized Holding Loss Accumulatedin Investments
TradingSecuritiesUnrealizedHoldingLossAccumulatedinInvestments
0 USD
CY2014Q1 jnpr Trading Securities Unrealized Holding Loss Accumulatedin Investments
TradingSecuritiesUnrealizedHoldingLossAccumulatedinInvestments
0 USD
CY2014Q1 jnpr Valuationallowancereleaserelatedtogainonsaleofequityinvestments
Valuationallowancereleaserelatedtogainonsaleofequityinvestments
24700000 USD
CY2014Q1 dei Amendment Flag
AmendmentFlag
false
CY2014Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
2014-03-31
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001043604
CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
473761619 shares
CY2014Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
JUNIPER NETWORKS INC
CY2014Q1 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2014Q1 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2013Q4 invest Derivative Notional Amount
DerivativeNotionalAmount
282000000 USD
CY2014Q1 invest Derivative Notional Amount
DerivativeNotionalAmount
270900000 USD

Files In Submission

Name View Source Status
0001043604-14-000097-index-headers.html Edgar Link pending
0001043604-14-000097-index.html Edgar Link pending
0001043604-14-000097.txt Edgar Link pending
0001043604-14-000097-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
jnpr-10q20140331.htm Edgar Link pending
jnpr-20140331.xml Edgar Link completed
jnpr-20140331.xsd Edgar Link pending
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jnpr-20140331_cal.xml Edgar Link unprocessable
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