Sprint - Nextel 2014 Annual Report Download - page 92

Table of Contents
Index to Consolidated Financial Statements
F-9
SPRINT CORPORATION
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
(in millions)
Predecessor
Common Stock Paid-in
Capital
Treasury Shares Accumulated
Deficit
Accumulated
Other
Comprehensive
(Loss) Income Total
Shares Amount Shares Amount
Balance, December 31, 2011 2,996 $ 5,992 $ 46,716 — $ — $ (40,489) $ (792) $ 11,427
Net loss (4,326) (4,326)
Other comprehensive loss, net of tax (341) (341)
Issuance of common shares, net 14 27 2 29
Share-based compensation expense 44 44
Beneficial conversion feature on convertible bond 254 254
Balance, December 31, 2012 3,010 $ 6,019 $ 47,016 — $ — $ (44,815) $ (1,133) $ 7,087
Net loss (1,158) (1,158)
Other comprehensive income, net of tax 23 23
Issuance of common stock, net 16 33 27 60
Share-based compensation expense 18 18
Conversion of convertible debt 590 1,181 1,919 3,100
Balance, July 10, 2013 3,616 $ 7,233 $ 48,980 — $ — $ (45,973) $ (1,110) $ 9,130
Successor
Balance, October 5, 2012 (1) — $ — $ — — $ — $ — $ — $ —
Capital contribution by SoftBank 3,105 3,105
Expenses incurred by SoftBank for the benefit of
Sprint 32 32
Net loss (27) (27)
Balance, December 31, 2012 (1) — $ — $ 3,137 — $ — $ (27) $ — $ 3,110
Expenses incurred by SoftBank for the benefit of
Sprint 97 97
Net loss (1,860) (1,860)
Other comprehensive income, net of tax 102 102
Issuance of common stock, net 7 27 27
Share-based compensation expense 45 45
Issuance of common stock to SoftBank upon
acquisition 3,076 31 18,370 18,401
Issuance of common stock to Sprint stockholders
upon acquisition 851 8 5,336 5,344
Conversion of Sprint vested stock-based awards
upon acquisition 193 193
Issuance of warrant to SoftBank prior to
acquisition 139 139
Return of capital to SoftBank prior to acquisition (14) (14)
Balance, December 31, 2013 3,934 $ 39 $ 27,330 — $ — $ (1,887) $ 102 $ 25,584
Net loss (151) (151)
Other comprehensive loss, net of tax (145) (145)
Issuance of common stock, net 7 —
Share-based compensation expense 24 24
Balance, March 31, 2014 3,941 $ 39 $ 27,354 — $ — $ (2,038) $ (43) $ 25,312
Net loss (3,345) (3,345)
Other comprehensive loss, net of tax (365) (365)
Issuance (repurchase) of common stock, net 26 1 41 1 (7) 35
Share-based compensation expense 71 71
Capital contribution by SoftBank 2 2
Balance, March 31, 2015 3,967 $ 40 $ 27,468 1 $ (7) $ (5,383) $ (408) $ 21,710
_________________
(1) For the Successor period beginning October 5, 2012 and ending December 31, 2012, there were approximately 3 million shares of Class B common
stock of Starburst II, Inc. issued and outstanding with an immaterial value. These shares were exchanged in connection with the issuance of common
stock to SoftBank upon completion of the Merger.
See Notes to the Consolidated Financial Statements