Sprint - Nextel 2012 Annual Report Download - page 125

Table of Contents
SPRINT NEXTEL CORPORATION
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
See Notes to the Consolidated Financial Statements
F - 4
Year Ended December 31,
2012
2011
2010
(in millions, except per share amounts)
Net operating revenues
$
35,345
$
33,679
$
32,563
Net operating expenses:
Cost of services and products (exclusive of depreciation and amortization
included below)
20,841
19,015
17,492
Selling, general and administrative
9,765
9,592
9,438
Severance, exit costs and asset impairments
298
106
133
Depreciation and amortization
6,543
4,858
6,248
Other, net
(282
)
—
( 153
)
37,165
33,571
33,158
Operating (loss) income
(1,820
)
108
(595
)
Other (expense) income:
Interest expense
(1,428
)
(1,011
)
(1,464
)
Equity in losses of unconsolidated investments, net
(1,114
)
(1,730
)
(1,286
)
Other income (expense), net
190
(3
)
46
(2,352
)
(2,744
)
(2,704
)
Loss before income taxes
(4,172
)
(2,636
)
(3,299
)
Income tax expense
(154
)
(254
)
(166
)
Net loss
(4,326
)
(2,890
)
(3,465
)
Other comprehensive loss, net of tax:
Foreign currency translation adjustment
(4
)
2
(8
)
Unrealized holding gains on securities:
Unrealized holding gains on securities
5
6
—
Less: reclassification adjustment for realized gains included in net loss
(3
)
(4
)
(3
)
Net unrealized holding gains (losses) on securities
2
2
(3
)
Unrecognized net periodic pension and other postretirement benefits:
Net actuarial loss
(404
)
(349
)
(171
)
Less: Amortization of actuarial loss and prior service cost included in net loss
65
55
32
Net unrecognized net periodic pension and other postretirement benefits
(339
)
(294
)
(139
)
Other comprehensive loss
(341
)
(290
)
(150
)
Comprehensive loss
$
(4,667
)
$
(3,180
)
$
(3,615
)
Basic and diluted net loss per common share
$
(1.44
)
$
(0.96
)
$
(1.16
)
Basic and diluted weighted average common shares outstanding
3,002
2,995
2,988