Sprint - Nextel 2014 Annual Report Download - page 125

Table of Contents
Index to Consolidated Financial Statements
SPRINT CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
F-42
Purchase Orders and Other Commitments
We are a party to other commitments, which includes, among other things, service, spectrum, network equipment,
devices, asset retirement obligations and other executory contracts in connection with conducting our business. Amounts
actually paid under some of these agreements will likely be higher due to variable components of these agreements. The more
significant variable components that determine the ultimate obligation owed include such items as hours contracted,
subscribers and other factors. In addition, we are a party to various arrangements that are conditional in 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.
Note 13. Stockholders' Equity and Per Share Data
Our certificate of incorporation authorizes 10,020,000,000 shares of capital stock as follows:
• 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.
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 4.0 billion shares of common stock outstanding as of March 31, 2015.
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 for all periods presented in the consolidated financial
statements. We are currently restricted from paying cash dividends by the terms of our revolving bank credit facility, EDC
Agreement and all other equipment credit facilities (See Note 8. Long-Term Debt, Financing and Capital Lease Obligations).
Accumulated Other Comprehensive Loss
The components of accumulated other comprehensive loss, net of tax are as follows:
March 31,
2015 March 31, 2014
(in millions)
Unrecognized net periodic pension and postretirement benefit cost $ (388) $ (54)
Unrealized net gains related to investments 1 7
Foreign currency translation adjustments (21) 4
Accumulated other comprehensive loss $ (408) $ (43)