Sprint - Nextel 2013 Annual Report Download - page 269

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Exhibit 21
SPRINT CORPORATION
SUBSIDIARIES OF REGISTRANT
Sprint Corporation is the parent. The subsidiaries of Sprint Corporation are as follows:
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
2010
2009
(in millions)
Earnings (loss):
(Loss) income from continuing operations before
income taxes
$
(1,815
)
$
(23
)
$
443
$
(4,172
)
$
(2,636
)
$
(3,299
)
$
(3,494
)
Equity in losses of unconsolidated investments,
net
—
—
482
1,114
1,730
1,286
803
Fixed charges
1,367
—
1,501
2,365
2,068
2,081
2,047
Interest capitalized
(30
)
—
(29
)
(278
)
(413
)
(13
)
(12
)
Amortization of interest capitalized
56
—
71
81
48
85
85
Earnings (loss), as adjusted
(422
)
(23
)
2,468
(890
)
797
140
(571
)
Fixed charges:
Interest expense
918
—
1,135
1,428
1,011
1,464
1,450
Interest capitalized
30
—
29
278
413
13
12
Portion of rentals representative of interest
419
—
337
659
644
604
585
Fixed charges
1,367
—
1,501
2,365
2,068
2,081
2,047
Ratio of earnings to fixed charges
—
( 1)
—
( 2)
1.6 (3)
—
( 4)
—
( 5)
—
( 6)
—
( 7)
(1)
Successor earnings (loss), as adjusted were inadequate to cover fixed charges by $1.8 billion at December 31, 2013 .
(2)
Successor earnings (loss), as adjusted were inadequate to cover fixed charges by $23 million at December 31, 2012 .
(3)
The income from continuing operations before taxes for the 191 days ended July 10, 2013 included a pretax gain of $2.9 billion as a result of acquisition of our previously-held equity interest in Clearwire.
(4)
Predecessor earnings (loss), as adjusted were inadequate to cover fixed charges by $3.3 billion in 2012 .
(5)
Predecessor earnings (loss), as adjusted were inadequate to cover fixed charges by $1.3 billion in 2011 .
(6)
Predecessor earnings (loss), as adjusted were inadequate to cover fixed charges by $1.9 billion in 2010 .
(7)
Predecessor earnings (loss), as adjusted were inadequate to cover fixed charges by $2.6 billion in 2009 .
Section 8: EX-21 (SUBSIDIARIES OF THE REGISTRANT)
SUBSIDIARY
STATE/COUNTRY
ACI 900, Inc.
Delaware
AGW Leasing Company, Inc.
Delaware
AirGate PCS, Inc.
Delaware
AirGate Service Company, Inc.
Delaware
Alamosa (Delaware), Inc.
Delaware
Alamosa (Wisconsin) Properties, LLC
Wisconsin
Alamosa Delaware GP, LLC
Delaware
Alamosa Holdings, Inc.
Delaware
Alamosa Holdings, LLC
Delaware
Alamosa Limited, LLC
Delaware
Alamosa Missouri Properties, LLC
Missouri
Alamosa Missouri, LLC
Missouri
Alamosa PCS Holdings, Inc.
Delaware
Alamosa PCS, Inc.
Delaware
Alamosa Properties, LP
Texas
Alamosa Wisconsin GP, LLC
Wisconsin