Juniper Networks, Inc. Preliminary Net Revenues by Vertical (in millions) (unaudited) |
|||||||
|
Three Months Ended March 31, |
||||||
|
2021 |
|
2020 |
||||
Cloud |
$ |
270.7 |
|
|
$ |
261.9 |
|
Service Provider |
438.2 |
|
|
375.5 |
|
||
Enterprise |
365.5 |
|
|
360.6 |
|
||
Total |
$ |
1,074.4 |
|
|
$ |
998.0 |
|
Juniper Networks, Inc. Preliminary Net Revenues by Geographic Region (in millions) (unaudited) |
|||||||
|
Three Months Ended March 31, |
||||||
|
2021 |
|
2020 |
||||
Americas |
$ |
583.0 |
|
|
$ |
579.5 |
|
Europe, Middle East, and Africa |
311.1 |
|
|
255.0 |
|
||
Asia Pacific |
180.3 |
|
|
163.5 |
|
||
Total |
$ |
1,074.4 |
|
|
$ |
998.0 |
|
Juniper Networks, Inc. Preliminary Reconciliations between GAAP and non-GAAP Financial Measures (in millions, except percentages and per share amounts) (unaudited) |
||||||||||||
|
|
Three Months Ended |
||||||||||
|
|
March 31, 2021 |
|
December 31, 2020 |
|
March 31, 2020 |
||||||
| GAAP operating income |
|
$ |
27.8 |
|
|
$ |
98.1 |
|
|
$ |
39.4 |
|
| GAAP operating margin |
|
2.6 |
% |
|
8.0 |
% |
|
3.9 |
% |
|||
| Share-based compensation expense |
C |
57.5 |
|
|
50.9 |
|
|
42.0 |
|
|||
| Share-based payroll tax expense |
C |
3.4 |
|
|
0.5 |
|
|
4.0 |
|
|||
| Amortization of purchased intangible assets |
A |
19.1 |
|
|
11.9 |
|
|
9.9 |
|
|||
| Restructuring charges |
B |
19.3 |
|
|
53.1 |
|
|
8.9 |
|
|||
| Acquisition and strategic investment related charges |
A |
2.3 |
|
|
17.7 |
|
|
1.3 |
|
|||
| Gain (loss) on non-qualified deferred compensation plan ("NQDC") |
B |
0.7 |
|
|
2.9 |
|
|
(3.7 |
) |
|||
| Legal reserve and settlement charges |
B |
— |
|
|
0.3 |
|
|
— |
|
|||
| Others |
B |
— |
|
|
0.9 |
|
|
— |
|
|||
| Non-GAAP operating income |
|
$ |
130.1 |
|
|
$ |
236.3 |
|
|
$ |
101.8 |
|
| Non-GAAP operating margin |
|
12.1 |
% |
|
19.3 |
% |
|
10.2 |
% |
|||
|
|
|
|
|
|
|
|
||||||
| GAAP net (loss) income |
|
$ |
(31.1 |
) |
|
$ |
30.8 |
|
|
$ |
20.4 |
|
| Share-based compensation expense |
C |
57.5 |
|
|
50.9 |
|
|
42.0 |
|
|||
| Share-based payroll tax expense |
C |
3.4 |
|
|
0.5 |
|
|
4.0 |
|
|||
| Amortization of purchased intangible assets |
A |
19.1 |
|
|
11.9 |
|
|
9.9 |
|
|||
| Restructuring charges |
B |
19.3 |
|
|
53.1 |
|
|
8.9 |
|
|||
| Acquisition and strategic investment related charges |
A |
2.3 |
|
|
17.7 |
|
|
1.3 |
|
|||
| Legal reserve and settlement charges |
B |
— |
|
|
0.3 |
|
|
— |
|
|||
| Loss (gain) on equity investments |
B |
(2.1 |
) |
|
(2.3 |
) |
|
1.5 |
|
|||
| Loss on extinguishment of debt |
B |
60.6 |
|
|
55.0 |
|
|
— |
|
|||
| Income tax effect of non-GAAP exclusions |
B |
(30.5 |
) |
|
(31.8 |
) |
|
(10.8 |
) |
|||
| Others |
|
— |
|
|
(4.3 |
) |
|
— |
|
|||
| Non-GAAP net income |
|
$ |
98.5 |
|
|
$ |
181.8 |
|
|
$ |
77.2 |
|
|
|
|
|
|
|
|
|
||||||
| GAAP diluted net (loss) income per share |
|
$ |
(0.10 |
) |
|
$ |
0.09 |
|
|
$ |
0.06 |
|
| Non-GAAP diluted net income per share |
D |
$ |
0.30 |
|
|
$ |
0.55 |
|
|
$ |
0.23 |
|
| Shares used in computing GAAP diluted net (loss) income per share |
|
326.3 |
|
|
332.7 |
|
|
335.1 |
|
|||
| Shares used in computing Non-GAAP diluted net income per share |
|
332.7 |
|
|
332.7 |
|
|
335.1 |
|
|||
