Sprint - Nextel 2015 Annual Report Download - page 91

Table of Contents
Index to Consolidated Financial Statements
SPRINT CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS
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)
Cash flows from operating activities:
Net loss $(1,995)
$(3,345)
$(151)
$(9)
$(1,860)
$(1,158)
$(643)
Adjustments to reconcile net loss to net cash provided by (used
in) operating activities:
Impairments —
2,133
—
—
—
—
—
Depreciation and amortization 7,088
5,349
1,297
—
2,934
3,245
1,492
Provision for losses on accounts receivable 455
892
153
—
261
194
83
Share-based and long-term incentive compensation
expense 75
86
35
—
98
37
17
Deferred income tax
expense (benefit) 123
(609)
46
(1)
32
1,586
24
Equity in losses of unconsolidated investments, net —
—
—
—
—
482
202
Gain on previously-held equity interests —
—
—
—
—
(2,926)
—
Amortization and accretion of long-term debt premiums
and discounts (316)
(303)
(74)
—
(160)
9
14
Loss on disposal of property, plant and equipment 487
—
75
—
—
—
—
Litigation 193
91
—
—
—
—
—
Other changes in assets and liabilities:
Accounts and notes receivable (1,663)
(644)
(232)
(11)
(558)
150
215
Deferred purchase price from sale of receivables 2,478
—
—
—
—
—
—
Inventories and other current assets (3,065)
(1,573)
173
—
(391)
298
243
Accounts payable and other current liabilities (574)
481
(490)
8
25
280
(734)
Non-current assets and liabilities, net 111
(199)
(350)
—
(386)
207
16
Other, net 500
91
40
11
(56)
267
11
Net cash provided by (used in) operating activities 3,897
2,450
522
(2)
(61)
2,671
940
Cash flows from investing activities:
Capital expenditures - network and other (4,680)
(5,422)
(1,488)
—
(3,847)
(3,140)
(1,381)
Capital expenditures - leased devices (2,292)
(582)
—
—
—
—
—
Expenditures relating to FCC licenses (98)
(163)
(152)
—
(146)
(125)
(55)
Reimbursements relating to FCC licenses —
95
—
—
—
—
—
Acquisitions, net of cash acquired —
—
—
—
(14,112)
(4,039)
—
Investment in Clearwire (including debt securities) —
—
—
—
—
(308)
(80)
Proceeds from sales and maturities of short-term investments 418
3,131
920
—
1,715
2,445
1,281
Purchases of short-term investments (252)
(2,077)
(1,035)
—
(1,719)
(1,221)
(926)
Proceeds from sales of assets and FCC licenses 62
315
1
—
7
10
6
Proceeds from sale-leaseback transaction 1,136
—
—
—
—
—
—
Other, net (29)
(11)
(2)
—
(6)
(7)
(3)
Net cash used in investing activities (5,735)
(4,714)
(1,756)
—
(18,108)
(6,385)
(1,158)
F-7