Sprint - Nextel 2006 Annual Report Download - page 134
Download and view the complete annual report
Please find page 134 of the 2006 Sprint - Nextel annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124 -
125 -
126 -
127 -
128 -
129 -
130 -
131 -
132 -
133 -
134 -
135 -
136 -
137 -
138 -
139 -
140
 |
 |
Wireless
Long
Distance
Corporate and
Eliminations
(1)
Consolidated
(in millions)
2004
Net operating external revenues .................... $14,639 $ 6,727 $ 281
(1)
$ 21,647
Inter-segment revenues .......................... 8 600 (608) —
Total segment operating expenses .................. (10,535) (6,211) 436 (16,310)
Segment earnings .............................. $ 4,112 $ 1,116 $ 109
(1)
5,337
Less:
Depreciation ................................ (3,651)
Amortization ................................ (7)
Severance, lease exit costs and asset impairments
(2)
. . . (3,691)
Other income
(3)
.............................. 13
Operating loss................................. (1,999)
Interest expense ............................... (1,218)
Interest income ................................ 60
Equity in losses of unconsolidated investees, net ....... (41)
Realized gain on sale or exchange of investments....... 15
Other, net .................................... (61)
Loss from continuing operations before income taxes .... $ (3,244)
Balance Sheet Information
2006
Capital expenditures . ................................. $ 5,944 $ 828 $ 784 $ 7,556
Total assets ......................................... 65,233 3,829 28,099 97,161
2005
Capital expenditures . ................................. $ 3,545 $ 384 $ 1,128 $ 5,057
Total assets(4)....................................... 67,270 3,437 32,053 102,760
2004
Capital expenditures . ................................. $ 2,559 $ 282 $ 1,139 $ 3,980
Total assets(4)....................................... 21,417 3,695 16,209 41,321
(1) Revenues eliminated in consolidation consist primarily of long distance services provided to the Wireless
segment for resale to wireless customers.
Included in the corporate results are the historical net revenues and related operating costs of certain
consumer long distance customers transferred to Embarq in connection with the spin-off. These operating
results were previously reported in our Local segment and reflect activity through the date of the spin-off.
These operating results have not been reflected as discontinued operations due to our continuing
involvement with these consumer long distance customers under a wholesale long distance agreement
with Embarq. This agreement became effective as of the date of the spin-off.
Corporate assets are not allocated to the operating segments, and consist primarily of cash and cash
equivalents, the operational headquarters campus and other assets managed at a corporate level.
Corporate capital expenditures were incurred mainly for various administrative assets and improvements
at our operational headquarters campus. Operating expenses related to corporate assets are allocated to
each segment.
(2) See note 8 for additional information on severance, lease exit costs and asset impairments.
F-57
SPRINT NEXTEL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)