Sprint - Nextel 2015 Annual Report Download - page 93

Table of Contents
Index to Consolidated Financial Statements
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, 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, 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
Net loss
(1,995)
(1,995)
Other comprehensive loss, net of tax
(31)
(31)
Issuance of common stock, net 7
6
4
10
Share-based compensation expense
71
71
Capital contribution by SoftBank
14
14
Other, net
4
4
Balance, March 31, 2016 3,974
$ 40
$ 27,563
1
$(3)
$(7,378)
$(439)
$ 19,783
_________________
(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
F-9