Sprint - Nextel 2012 Annual Report Download - page 126

Table of Contents
SPRINT NEXTEL CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS
See Notes to the Consolidated Financial Statements
F - 5
Year Ended December 31,
2012
2011
2010
(in millions)
Cash flows from operating activities
Net loss
$
(4,326
)
$
(2,890
)
$
(3,465
)
Adjustments to reconcile net loss to net cash provided by operating activities:
Asset impairments
102
78
125
Depreciation and amortization
6,543
4,858
6,248
Provision for losses on accounts receivable
561
559
430
Share - based and long - term incentive compensation expense
82
73
70
Deferred income tax expense
209
231
230
Equity in losses of unconsolidated investments, net
1,114
1,730
1,286
Gains from asset dispositions and exchanges
(29
)
—
( 69
)
Contribution to pension plan
(108
)
(136
)
—
Spectrum hosting contract termination
(236
)
—
—
Other changes in assets and liabilities:
Accounts and notes receivable
(892
)
(729
)
(473
)
Inventories and other current assets
(486
)
(238
)
9
Accounts payable and other current liabilities
577
90
558
Non - current assets and liabilities, net
(11
)
48
(27
)
Other, net
(101
)
17
(107
)
Net cash provided by operating activities
2,999
3,691
4,815
Cash flows from investing activities
Capital expenditures
(4,261
)
(3,130
)
(1,935
)
Expenditures relating to FCC licenses
(198
)
(258
)
(459
)
Reimbursements relating to FCC licenses
—
135
—
Investment in Clearwire
(228
)
(331
)
(58
)
Proceeds from sales and maturities of short - term investments
1,513
980
155
Purchases of short - term investments
(3,212
)
(830
)
(350
)
Other, net
11
(9
)
91
Net cash used in investing activities
(6,375
)
(3,443
)
(2,556
)
Cash flows from financing activities
Proceeds from debt and financings
9,176
4,000
—
Repayments of debt and capital lease obligations
(4,791
)
(3,906
)
(862
)
Debt financing costs
(134
)
(86
)
(51
)
Proceeds from issuance of common shares, net
29
18
8
Net cash provided by (used in) financing activities
4,280
26
(905
)
Net increase in cash and cash equivalents
904
274
1,354
Cash and cash equivalents, beginning of year
5,447
5,173
3,819
Cash and cash equivalents, end of year
$
6,351
$
5,447
$
5,173