Sprint - Nextel 2013 Annual Report Download - page 159

Table of Contents
Index to Consolidated Financial Statements
SPRINT CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
nature and obligate us to make payments only upon the occurrence of certain events, such as the delivery of functioning software or a product. Because it is
not possible to predict the timing or amounts that may be due under these conditional arrangements, no such amounts have been included in the table above.
Our certificate of incorporation authorizes
10,020,000,000 shares of capital stock as follows:
Classes of Common Stock
Voting Common Stock
The holders of our common stock are entitled to one vote per share on all matters submitted for action by the stockholders. There were approximately
3.9 billion shares of common stock outstanding as of December 31, 2013 .
Treasury Shares
Shares of common stock repurchased by us are recorded at cost as treasury shares and result in a reduction of stockholders' equity. We reissue
treasury shares as part of our stockholder approved stock - based compensation programs, as well as upon conversion of outstanding securities that are
convertible into common stock. When shares are reissued, we determine the cost using the FIFO method.
Dividends
We did not declare any dividends on our common shares in
2013, 2012 , or 2011 . We are currently restricted from paying cash dividends by the terms
of our revolving bank credit facility (See Note 8. Long
- Term Debt, Financing and Capital Lease Obligations) .
Accumulated Other Comprehensive Income (Loss)
The components of accumulated other comprehensive income (loss), net of tax are as follows:
Per Share Data
Basic net loss per common share is calculated by dividing net loss by the weighted average number of common shares outstanding during the
period. Diluted net loss per common share adjusts basic net loss per common share, computed using the treasury stock method, for the effects of potentially
dilutive common shares, if the effect is not antidilutive. Outstanding options and restricted stock units (exclusive of participating securities) that had no effect
on our computation of dilutive weighted average number of shares outstanding as their effect would be antidilutive were approximately
70 million , 61 million , 78
million and 71 million shares for the Successor year ended December 31, 2013 , and Predecessor 191 - day period ended July 10, 2013 and years ended 2012 and
2011 , respectively. In addition, as of the Successor year ended December 31, 2013 , all 55 million shares issuable under the warrant which was issued to SoftBank
at the close of the SoftBank Merger were treated as potentially dilutive securities. The warrant is exercisable at
$5.25 per share at the option of Softbank, in
whole or in part, at any time within the five
- year term.
F - 41
Note 13.
Stockholders' Equity and Per Share Data
•
9,000,000,000 shares of common stock, par value $0.01 per share;
•
1,000,000,000 shares of non - voting common stock, par value $0.01 per share; and
•
20,000,000 shares of preferred stock, par value $0.0001 per share.
Successor
Predecessor
December 31, 2013
December 31, 2012
(in millions)
Unrecognized net periodic pension and postretirement benefit cost
$
93
$
(1,169
)
Unrealized net gains related to investments
6
9
Foreign currency translation adjustments
3
27
Accumulated other comprehensive income (loss)
$
102
$
(1,133
)