Sprint - Nextel 2013 Annual Report Download - page 146

Download and view the complete annual report

Please find page 146 of the 2013 Sprint - Nextel annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 285

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243
  • 244
  • 245
  • 246
  • 247
  • 248
  • 249
  • 250
  • 251
  • 252
  • 253
  • 254
  • 255
  • 256
  • 257
  • 258
  • 259
  • 260
  • 261
  • 262
  • 263
  • 264
  • 265
  • 266
  • 267
  • 268
  • 269
  • 270
  • 271
  • 272
  • 273
  • 274
  • 275
  • 276
  • 277
  • 278
  • 279
  • 280
  • 281
  • 282
  • 283
  • 284
  • 285

Table of Contents
Index to Consolidated Financial Statements
SPRINT CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
________
As of
December 31, 2013
, Sprint Corporation, the parent corporation, had
$9.0 billion
in principal amount of senior notes outstanding. In addition, as
of
December 31, 2013
, the outstanding principal amount of Senior notes issued by Sprint Communications, Inc. and Sprint Capital Corporation, Guaranteed notes
issued by Sprint Communications, Inc., Secured notes issued by iPCS, Inc. (iPCS), and Exchangeable notes issued by Clearwire Communications LLC, totaling
$20.3 billion
in principal amount of our long
-
term debt issued by 100% owned subsidiaries, was fully and unconditionally guaranteed by Sprint Corporation. The
indentures and financing arrangements governing certain of our subsidiaries' debt contain provisions that limit cash dividend payments on subsidiary common
stock. Except in the case of notes issued by and secured by assets of Clearwire Communications LLC and iPCS, Inc., the transfer of cash in the form of advances
from subsidiaries to the parent corporation generally is not restricted.
F
-
28
Note 8.
Long
-
Term Debt, Financing and Capital Lease Obligations
Successor
Predecessor
Interest Rates
Maturities
December 31,
2013
December 31,
2012
(in millions)
Notes
Senior notes
Sprint Corporation
7.13
-
7.88%
2021
-
2024
$
9,000
$
—
Sprint Communications, Inc.
6.00
-
11.50%
2016
-
2022
9,280
9,280
Sprint Capital Corporation
6.88
-
8.75%
2019
-
2032
6,204
6,204
Guaranteed notes
Sprint Communications, Inc.
7.00
-
9.00%
2018
-
2020
4,000
4,000
Secured notes
iPCS, Inc.
3.49%
2014
181
481
Clearwire Communications LLC
(1)
14.75%
2016
300
—
Exchangeable notes
Clearwire Communications LLC
(1)
8.25%
2040
629
—
Convertible bonds
Sprint Communications, Inc.
1.00%
2019
—
3,100
Credit facilities
Bank credit facility
2.75%
2018
—
—
Export Development Canada
3.62%
2015
500
500
Secured equipment credit facility
2.03%
2017
889
296
Vendor financing notes
Clearwire Communications LLC
5.74
-
7.24%
2015
20
—
Financing obligation
6.09%
2021
339
698
Capital lease obligations and other
2.35
-
10.52%
2014
-
2023
187
74
Net discount from beneficial conversion feature on convertible bond
—
(
247
)
Net premiums (discounts)
1,482
(45
)
33,011
24,341
Less current portion
(994
)
(379
)
Long
-
term debt, financing and capital lease obligations
$
32,017
$
23,962
(1)
Notes of Clearwire Communications LLC are also direct obligations of Clearwire Finance, Inc. and are guaranteed by certain Clearwire subsidiaries.