Sprint - Nextel 2014 Annual Report Download - page 143

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Table of Contents
Index to Consolidated Financial Statements
SPRINT CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
F-60
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE LOSS
Predecessor
Three Months Ended March 31, 2013 (Unaudited)
Subsidiary
Guarantor Non-Guarantor
Subsidiaries Eliminations Consolidated
(in millions)
Net operating revenues:
Service $ — $ 7,980 $ — $ 7,980
Equipment — 813 — 813
— 8,793 — 8,793
Net operating expenses:
Cost of services (exclusive of depreciation and amortization below) — 2,640 — 2,640
Cost of products (exclusive of depreciation and amortization below) — 2,293 — 2,293
Selling, general and administrative — 2,336 — 2,336
Severance and exit costs — 25 — 25
Depreciation — 1,422 — 1,422
Amortization — 70 — 70
Other, net — (22) — (22)
— 8,764 — 8,764
Operating income — 29 — 29
Other income (expense):
Interest income 29 6 (21) 14
Interest expense (292) (161) 21 (432)
Equity in losses of unconsolidated investments, net — (202) — (202)
(Losses) earnings of subsidiaries (368) — 368 —
Other expense, net (12) (2) — (14)
(643) (359) 368 (634)
(Loss) income before income taxes (643) (330) 368 (605)
Income tax expense — (38) — (38)
Net (loss) income (643) (368) 368 (643)
Other comprehensive income (loss) 14 15 (15) 14
Comprehensive (loss) income $ (629) $ (353) $ 353 $ (629)