Sprint - Nextel 2011 Annual Report Download - page 71

Table of Contents
SPRINT NEXTEL CORPORATION
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
See Notes to the Consolidated Financial Statements
F-4
Year Ended December 31,
2011 2010 2009
(in millions, except per share amounts)
Net operating revenues $ 33,679 $ 32,563 $ 32,260
Net operating expenses
Cost of services and products (exclusive of depreciation and amortization
included below) 19,015 17,492 16,435
Selling, general and administrative 9,592 9,438 9,453
Severance, exit costs and asset impairments 106 133 447
Depreciation 4,455 5,074 5,827
Amortization 403 1,174 1,589
Other, net
—
(153) (93)
33,571 33,158 33,658
Operating income (loss) 108 (595) (1,398)
Other (expense) income
Interest expense (1,011) (1,464) (1,450)
Equity in losses of unconsolidated investments, net (1,730) (1,286) (803)
Other (expense) income, net (3) 46 157
(2,744) (2,704) (2,096)
Loss before income taxes (2,636) (3,299) (3,494)
Income tax (expense) benefit (254) (166) 1,058
Net loss (2,890) (3,465) (2,436)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustment 2 (8) 18
Unrealized holding gains (losses) on securities:
Unrealized holding gains (losses) on securities 6
—
9
Less: reclassification adjustment for realized (gains) losses included in net loss (4) (3) 5
Net unrealized holding gains (losses) on securities 2 (3) 14
Unrecognized net periodic pension and other postretirement benefits:
Net actuarial gain (loss) (349) (171) 124
Prior service cost
—
—
(16)
Less: Amortization of actuarial gain/loss and prior service cost included in net loss 55 32 32
Net unrecognized net periodic pension and other postretirement benefits (294) (139) 140
Other comprehensive income (loss) (290) (150) 172
Comprehensive loss $ (3,180) $ (3,615) $ (2,264)
Basic and diluted net loss per common share $ (0.96) $ (1.16) $ (0.84)
Basic and diluted weighted average common shares outstanding 2,995 2,988 2,886