Sprint - Nextel 2012 Annual Report Download - page 265

/s/ Sandra J. Price /s/ Michael Schwartz
By: Sandra J. Price, MICHAEL SCHWARTZ
Senior Vice President, Human Resources
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Exhibit 12
Computation of Ratio of Earnings to Fixed Charges
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Exhibit 21
SPRINT NEXTEL CORPORATION
SUBSIDIARIES OF REGISTRANT
Sprint Nextel Corporation is the parent. The subsidiaries of Sprint Nextel Corporation are as follows:
Section 14: EX-12 (RATIO OF EARNINGS TO COMBINED FIXED
CHARGES)
For the Years Ended
December 31,
2012
2011
2010
2009
2008
(in millions)
Earnings (loss):
Loss from continuing operations before income taxes
$
(4,172
)
$
(2,636
)
$
(3,299
)
$
(3,494
)
$
(4,060
)
Equity in losses of unconsolidated investments, net
1,114
1,730
1,286
803
64
Fixed charges
2,365
2,068
2,081
2,047
2,094
Interest capitalized
(278
)
(413
)
(13
)
(12
)
(123
)
Amortization of interest capitalized
81
48
85
85
80
Earnings (loss), as adjusted
(890
)
797
140
(571
)
(1,945
)
Fixed charges:
Interest expense
1,428
1,011
1,464
1,450
1,362
Interest capitalized
278
413
13
12
123
Portion of rentals representative of interest
659
644
604
585
609
Fixed charges
2,365
2,068
2,081
2,047
2,094
Ratio of earnings to fixed charges
— (1)
— (2)
— (3)
— (4)
— (5)
(1)
Earnings (loss), as adjusted were inadequate to cover fixed charges by $3.3 billion in 2012.
(2)
Earnings (loss), as adjusted were inadequate to cover fixed charges by $1.3 billion in 2011.
(3)
Earnings (loss), as adjusted were inadequate to cover fixed charges by $1.9 billion in 2010
(4)
Earnings (loss), as adjusted were inadequate to cover fixed charges by $2.6 billion in 2009.
(5)
Earnings (loss), as adjusted were inadequate to cover fixed charges by $4.0 billion in 2008.
Section 15: EX-21 (SUBSIDIARIES OF THE REGISTRANT)
Ownership