Sprint - Nextel 2013 Annual Report Download - page 124

Table of Contents
Index to Consolidated Financial Statements
SPRINT CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS
See Notes to the Consolidated Financial Statements
F - 6
Successor
Predecessor
Year Ended
December 31,
87 Days Ended
December 31,
191 Days Ended July
10,
Years Ended
December 31,
2013
2012
2013
2012
2011
(in millions)
Cash flows from operating activities:
Net loss
$
(1,860
)
$
(27
)
$
(1,158
)
$
(4,326
)
$
(2,890
)
Adjustments to reconcile net loss to net cash (used in) provided by operating
activities:
Asset impairments
—
—
—
102
78
Depreciation and amortization
2,934
—
3,245
6,543
4,858
Provision for losses on accounts receivable
261
—
194
561
559
Share - based and long -term incentive compensation expense
98
—
37
82
73
Deferred income tax expense
32
1
1,586
209
231
Equity in losses of unconsolidated investments, net
—
—
482
1,114
1,730
Gain on previously-held equity interests
—
—
(2,926
)
—
—
Interest expense related to beneficial conversion feature on convertible bond
—
—
247
—
—
Gains from asset dispositions and exchanges
—
—
—
(29
)
—
Contribution to pension plan
(7
)
—
—
(108
)
(136
)
Spectrum hosting contract termination
—
—
—
(236
)
—
Call premiums paid on debt redemptions
(180
)
—
—
—
—
Amortization and accretion of long-term debt premiums and discounts
(160
)
—
9
4
(12
)
Other changes in assets and liabilities:
Accounts and notes receivable
(558
)
(6
)
150
(892
)
(729
)
Inventories and other current assets
(391
)
—
298
(486
)
(238
)
Accounts payable and other current liabilities
25
3
280
577
90
Non-current assets and liabilities, net
(379
)
—
207
(11
)
48
Other, net
124
29
20
(105
)
29
Net cash (used in) provided by operating activities
(61
)
—
2,671
2,999
3,691
Cash flows from investing activities:
Capital expenditures
(3,847
)
—
(3,140
)
(4,261
)
(3,130
)
Expenditures relating to FCC licenses
(146
)
—
(125
)
(198
)
(258
)
Reimbursements relating to FCC licenses
—
—
—
—
135
Acquisitions, net of cash acquired
(14,112
)
—
(4,039
)
—
—
Investment in Clearwire (including debt securities)
—
—
(308
)
(228
)
(331
)
Investment and derivative in Sprint Communications, Inc.
—
(3,100
)
—
—
—
Proceeds from sales and maturities of short-term investments
1,715
—
2,445
1,513
980
Purchases of short-term investments
(1,719
)
—
(1,221
)
(3,212
)
(830
)
Other, net
1
—
3
11
(9
)
Net cash used in investing activities
(18,108
)
(3,100
)
(6,385
)
(6,375
)
(3,443
)
Cash flows from financing activities:
Proceeds from debt and financings
9,500
—
204
9,176
4,000
Repayments of debt and capital lease obligations
(3,378
)
—
(362
)
(4,791
)
(3,906
)
Debt financing costs
(147
)
—
(11
)
(134
)
(86
)
Proceeds from issuance of common stock and warrants, net
18,567
3,105
60
29
18
Other, net
(14
)
—
—
—
—
Net cash provided by (used in) financing activities
24,528
3,105
(109
)
4,280
26
Net increase (decrease) in cash and cash equivalents
6,359
5
(3,823
)
904
274
Cash and cash equivalents, beginning of period
5
—
6,351
5,447
5,173
Cash and cash equivalents, end of period
$
6,364
$
5
$
2,528
$
6,351
$
5,447