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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, 2015

Parent/Issuer

Subsidiary

Guarantor

Non-Guarantor

Subsidiaries

Eliminations

Consolidated

(inmillions)

Net operating revenues:

Service $ —

$ —

$ 29,542

$ —

$ 29,542

Equipment —

—

4,990

—

4,990

—

—

34,532

—

34,532

Net operating expenses:

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

—

9,660

—

9,660

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

—

9,309

—

9,309

Selling, general and administrative —

—

9,563

—

9,563

Impairments —

—

2,133

—

2,133

Severance and exit costs —

—

304

—

304

Depreciation —

—

3,797

—

3,797

Amortization —

—

1,552

—

1,552

Other, net —

1

108

—

109

—

1

36,426

—

36,427

Operating loss —

(1)

(1,894)

—

(1,895)

Other income (expense):

Interest income 687

146

3

(824)

12

Interest expense (687)

(1,521)

(667)

824

(2,051)

(Losses) earnings of subsidiaries (3,345)

(1,970)

—

5,315

—

Other income, net —

1

14

—

15

(3,345)

(3,344)

(650)

5,315

(2,024)

(Loss) income before income taxes (3,345)

(3,345)

(2,544)

5,315

(3,919)

Income tax benefit —

—

574

—

574

Net (loss) income (3,345)

(3,345)

(1,970)

5,315

(3,345)

Other comprehensive (loss) income (365)

(365)

(355)

720

(365)

Comprehensive (loss) income $(3,710)

$(3,710)

$(2,325)

$ 6,035

$(3,710)

F-56