Sprint - Nextel 2015 Annual Report Download - page 89

Table of Contents
Index to Consolidated Financial Statements
SPRINT CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
Successor
Predecessor
Year Ended
March 31,
Year Ended
March 31,
Three Months Ended
March 31,
Year Ended
December 31,
191 Days
Ended
July 10,
Three Months Ended
March 31,
2016
2015
2014
2013
(Unaudited)
2013
2013
2013
(Unaudited)
(in millions, except per share amounts)
Net operating revenues:
Service $ 27,174
$ 29,542
$ 7,876
$ —
$ 15,094
$ 16,895
$ 7,980
Equipment 5,006
4,990
999
—
1,797
1,707
813
32,180 34,532
8,875
—
16,891
18,602
8,793
Net operating expenses:
Cost of services (exclusive of depreciation and amortization
below) 9,439
9,660
2,622
—
5,174
5,673
2,640
Cost of products (exclusive of depreciation and amortization
below) 5,795
9,309
2,038
—
4,603
4,872
2,293
Selling, general and administrative 8,479
9,563
2,371
14
4,841
5,067
2,336
Impairments —
2,133
—
—
—
—
—
Severance and exit costs 409
304
52
—
309
652
25
Depreciation 5,794
3,797
868
—
2,026
3,098
1,422
Amortization 1,294
1,552
429
—
908
147
70
Other, net 660
109
75
—
—
(22)
(22)
31,870 36,427
8,455
14
17,861
19,487
8,764
Operating income (loss) 310 (1,895)
420
(14)
(970)
(885)
29
Other (expense) income:
Interest expense (2,182)
(2,051)
(516)
—
(918)
(1,135)
(432)
Equity in losses of unconsolidated investments, net —
—
—
—
—
(482)
(202)
Gain on previously-held equity interests —
—
—
—
—
2,926
—
Other income (expense), net 18
27
1
6
73
19
—
(2,164)(2,024)
(515)
6
(845)
1,328
(634)
(Loss) income before income taxes (1,854)(3,919)
(95)
(8)
(1,815)
443
(605)
Income tax (expense) benefit (141)
574
(56)
(1)
(45)
(1,601)
(38)
Net loss $(1,995) $ (3,345)
$(151)
$(9)
$(1,860)
$(1,158)
$(643)
Basic and diluted net loss per common share $(0.50)
$(0.85)
$(0.04)
$(0.54)
$(0.38)
$(0.21)
Basic and diluted weighted average common shares outstanding 3,969
3,953
3,949
3,475
3,027
3,013
SeeNotestotheConsolidatedFinancialStatements
F-5