SPRINT Corp - FORM 10-Q - EX-12 - RATIO OF EARNINGS TO COMBINED FIXED CHARGES - August 8, 2014

Attached files

file filename
EX-10.7 - FORM OF LTIP AWARD AGREE. (PEFORM. BASED)SECT. 16 OFF. (NOT INCL. CERTAIN OFF.) - SPRINT Corpsprintcorp6-2014exhibit107.htm
EX-10.12 - FORM OF LTIP AWARD AGREE. (STOCK OPTIONS)EXEC. OFF. (NOT INCL. CERTAIN OFF.) - SPRINT Corpsprintcorp6-2014exhibit1012.htm
EX-10.9 - FORM OF LTIP AWARD AGREE. (RESTRICTED STOCK)ALL EXEC. OFF. (NOT INCL. JOHNSON) - SPRINT Corpsprintcorp6-2014exhibit109.htm
EX-10.5 - FORM OF LTIP AWARD AGREE. (PERFORM. BASED) - JOHNSON - SPRINT Corpsprintcorp6-2014exhibit105.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO RULE 13A-14(A) - SPRINT Corpsprintcorp6-2014exhibit312.htm
EX-10.1 - EMPLOYMENT AGREEMENT - JOHN C. SAW - SPRINT Corpsprintcorp6-2014exhibit101.htm
EX-10.10 - FORM OF LTIP AWARD AGREEMENT (STOCK OPTIONS) - JOHNSON - SPRINT Corpsprintcorp6-2014exhibit1010.htm
EX-10.3 - SPRINT CORPORATION CHANGE IN CONTROL SEVERANCE PLAN - SPRINT Corpsprintcorp6-2014exhibit103.htm
EX-10.8 - FORM OF LTIP AWARD AGREEMENT (RESTRICTED STOCK) - JOHNSON - SPRINT Corpsprintcorp6-2014exhibit108.htm
EX-10.6 - FORM OF LTIP AWARD AGREE (PERFORM. BASED) - EXEC. OFF. (NOT INCL. CERTAIN OFF.) - SPRINT Corpsprintcorp6-2014exhibit106.htm
EX-10.4 - FORM OF LTIP AWARD AGREE. (PERFORM. BASED) - EUTENEUER - SPRINT Corpsprintcorp6-2014exhibit104.htm
EX-4.1 - NINTH SUPPLE. INDENTURE WITH THE BANK OF NEW YORK MELLON TRUST - SPRINT Corpsprintcorp6-2014exhibit41.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO RULE 13A-14(A) - SPRINT Corpsprintcorp6-2014exhibit311.htm
EXCEL - IDEA: XBRL DOCUMENT - SPRINT CorpFinancial_Report.xls
10-Q - 10-Q - SPRINT Corpsprintcorp6-2014form10q.htm
EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 1350 - SPRINT Corpsprintcorp6-2014exhibit322.htm
EX-10.11 - FORM OF LTIP AWARD AGREE. (STOCK OPTIONS)EXEC. OFF. WITH EMPLOY. AGREE. - SPRINT Corpsprintcorp6-2014exhibit1011.htm
EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 1350 - SPRINT Corpsprintcorp6-2014exhibit321.htm


Exhibit 12
Computation of Ratio of Earnings to Fixed Charges
 
 
Successor
 
 
Predecessor
 
Three Months Ended
June 30,
 
Three Months Ended
June 30,
 
Three Months Ended March 31,
 
Year Ended December 31,
 
 
Three Months Ended
June 30,
 
Years Ended December 31,
 
2014
 
2013
 
2014
 
2013
 
 
2013
 
2012
 
2011
 
2010
 
2009
 
(in millions)
Earnings (loss):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations before income taxes
$
8

 
$
(175
)
 
$
(95
)
 
$
(1,815
)
 
 
$
(1,542
)
 
$
(4,172
)
 
$
(2,636
)
 
$
(3,299
)
 
$
(3,494
)
Equity in losses of unconsolidated investments, net
—

 
—

 
—

 
—

 
 
257

 
1,114

 
1,730

 
1,286

 
803

Fixed charges
740


—

 
747

 
1,367

 
 
603

 
2,365

 
2,068

 
2,081

 
2,047

Interest capitalized
(12
)

—

 
(13
)
 
(30
)
 
 
(13
)
 
(278
)
 
(413
)
 
(13
)
 
(12
)
Amortization of interest capitalized
33

 
—

 
33

 
56

 
 
34

 
81

 
48

 
85

 
85

Earnings (loss), as adjusted
769


(175
)

672

 
(422
)
 
 
(661
)
 
(890
)
 
797

 
140

 
(571
)
Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
512

 
—

 
516

 
918

 
 
428

 
1,428

 
1,011

 
1,464

 
1,450

Interest capitalized
12

 
—

 
13

 
30

 
 
13

 
278

 
413

 
13

 
12

Portion of rentals representative of interest
216

 
—

 
218

 
419

 
 
162

 
659

 
644

 
604

 
585

Fixed charges
740


—


747

 
1,367

 
 
603

 
2,365

 
2,068

 
2,081

 
2,047

Ratio of earnings to fixed charges
1.04

 
— (1)

 
— (2)

 
— (3)

 
 
— (4)

 
— (5)

 
— (6)

 
— (7)

 
— (8)


(1)
Successor earnings (loss), as adjusted were inadequate to cover fixed charges by $175 million at June 30, 2013.
(2)
Successor earnings (loss), as adjusted were inadequate to cover fixed charges by $75 million at March 31, 2014.
(3)
Successor earnings (loss), as adjusted were inadequate to cover fixed charges by $1.8 billion in 2013.
(4)
Predecessor earnings (loss), as adjusted were inadequate to cover fixed charges by $1.3 billion at June 30, 2013.
(5)
Predecessor earnings (loss), as adjusted were inadequate to cover fixed charges by $3.3 billion in 2012.
(6)
Predecessor earnings (loss), as adjusted were inadequate to cover fixed charges by $1.3 billion in 2011.
(7)
Predecessor earnings (loss), as adjusted were inadequate to cover fixed charges by $1.9 billion in 2010.
(8)
Predecessor earnings (loss), as adjusted were inadequate to cover fixed charges by $2.6 billion in 2009.


 


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