Sprint - Nextel 2005 Annual Report Download - page 144

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SPRINT NEXTEL CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
working to assess the scope and nature of these sites and our potential responsibility. Other environmental
compliance and remediation expenditures result mainly from the operation of standby power generators for our
telecommunications equipment. These expenditures arise in connection with standards compliance, permits or
occasional remediation, which are usually related to generators, batteries or fuel storage. Although we cannot
assess with certainty the impact of any future compliance and remediation obligations, we do not believe that
future environmental compliance and remediation expenditures will have a material adverse effect on our
financial condition or results of operations.
Note 16. Capital Stock and Stock Rights
We have the authority to issue 6,620,000,000 shares of capital stock as follows:
• 6,000,000,000 shares of Series 1 voting common stock, par value $2.00 per share;
• 500,000,000 shares of Series 2 voting common stock, par value $2.00 per share;
• 100,000,000 shares of non-voting common stock, par value $0.01 per share; and
• 20,000,000 shares of preferred stock, no par value per share
Classes of Common Stock
Series 1 Common Stock
The holders of our Series 1 common stock are entitled to one vote per share on all matters submitted for action
by the shareholders.
Series 2 Common stock
The holders of our Series 2 common stock are entitled to 10% of one vote per share, but otherwise have rights
that are substantially identical to those of the Series 1 common stock.
We paid a dividend of $0.025 per share on the common stock, Series 1, the common stock, Series 2, and the non-
voting common stock in the third and fourth quarters 2005. The non-voting common stock was issued in the
Sprint-Nextel merger in August 2005. We paid a dividend of $0.125 per share on the common stock, Series 1 in
the first two quarters of 2005 and in each of the quarters of 2004 and 2003 and a dividend of $0.125 per share on
the common stock, Series 2 in the first two quarters of 2005 and in each of the last three quarters of 2004. The
common stock, Series 2 was issued at the time of the recombination of the PCS common stock and the FON
common stock in April 2004.
F-49