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Table of Contents

Index to Consolidated Financial Statements

SPRINT CORPORATION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE LOSS

Successor

Year Ended March 31, 2016

Parent/Issuer

Subsidiary

Guarantor

Non-Guarantor

Subsidiaries

Eliminations

Consolidated

(inmillions)

Net operating revenues:

Service $ —

$ —

$ 27,174

$ —

$ 27,174

Equipment —

—

5,006

—

5,006

—

—

32,180

—

32,180

Net operating expenses:

Cost of services (exclusive of depreciation and amortization below) —

—

9,439

—

9,439

Cost of products (exclusive of depreciation and amortization below) —

—

5,795

—

5,795

Selling, general and administrative —

—

8,479

—

8,479

Severance and exit costs —

—

409

—

409

Depreciation —

—

5,794

—

5,794

Amortization —

—

1,294

—

1,294

Other, net —

—

660

—

660

—

—

31,870

—

31,870

Operating income —

—

310

—

310

Other income (expense):

Interest income 790

165

5

(949)

11

Interest expense (790)

(1,624)

(717)

949

(2,182)

(Losses) earnings of subsidiaries (1,997)

(538)

—

2,535

—

Other income, net —

—

7

—

7

(1,997)

(1,997)

(705)

2,535

(2,164)

(Loss) income before income taxes (1,997)

(1,997)

(395)

2,535

(1,854)

Income tax benefit (expense) 2

—

(143)

—

(141)

Net (loss) income (1,995)

(1,997)

(538)

2,535

(1,995)

Other comprehensive (loss) income (31)

(31)

(21)

52

(31)

Comprehensive (loss) income $(2,026)

$(2,028)

$(559)

$ 2,587

$(2,026)

F-55