Sprint - Nextel 2014 Annual Report Download - page 142

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Table of Contents
Index to Consolidated Financial Statements
SPRINT CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
F-59
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE LOSS
Predecessor
For the 191 Days Ended July 10, 2013
Subsidiary
Guarantor Non-Guarantor
Subsidiaries Eliminations Consolidated
(in millions)
Net operating revenues:
Service $ — $ 16,895 $ — $ 16,895
Equipment 1,707 — 1,707
18,602 — 18,602
Net operating expenses:
Cost of services (exclusive of depreciation and amortization below) 5,673 5,673
Cost of products (exclusive of depreciation and amortization below) 4,872 4,872
Selling, general and administrative 5,067 5,067
Severance and exit costs 652 652
Depreciation 3,098 — 3,098
Amortization 147 — 147
Other, net (22) (22)
19,487 19,487
Operating loss (885) (885)
Other income (expense):
Interest income 61 15 (43) 33
Interest expense (842) (336) 43 (1,135)
Equity in losses of unconsolidated investments, net (482) (482)
Gain on previously-held equity interests 2,926 2,926
(Losses) earnings of subsidiaries (365) 365
Other expense, net (12) (2) (14)
(1,158) 2,121 365 1,328
(Loss) income before income taxes (1,158) 1,236 365 443
Income tax expense (1,601) (1,601)
Net (loss) income (1,158) (365) 365 (1,158)
Other comprehensive income (loss) 23 35 (35) 23
Comprehensive (loss) income $ (1,135) $ (330) $ 330 $ (1,135)