Attached files
file | filename |
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EX-10.4 - PLAN SUMMARY - SPRINT Corp | sprintcorpjun-2015exhibit104.htm |
EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 1350 - SPRINT Corp | sprintcorpjun-2015exhibit322.htm |
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO RULE 13A-14(A) - SPRINT Corp | sprintcorpjun-2015exhibit312.htm |
EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 1350 - SPRINT Corp | sprintcorpjun-2015exhibit321.htm |
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO RULE 13A-14(A) - SPRINT Corp | sprintcorpjun-2015exhibit311.htm |
EX-10.3 - EMPLOYMENT AGREEMENT WITH KEVIN CRULL - SPRINT Corp | sprintcorpjun-2015exhibit103.htm |
10-Q - FORM 10-Q - SPRINT Corp | sprintcorp6-30x1510q.htm |
Exhibit 12
Computation of Ratio of Earnings to Fixed Charges
Successor | Predecessor | |||||||||||||||||||||||||||||||||||||||
Three Months Ended June 30, | Three Months Ended June 30, | Year Ended March 31, | Three Months Ended March 31, | Year Ended December 31, | 87 Days Ended December 31, | 191 Days Ended July 10, | Years Ended December 31, | |||||||||||||||||||||||||||||||||
2015 | 2014 | 2015 | 2014 | 2013 | 2012 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||||||||||||||||||
Earnings (loss): | ||||||||||||||||||||||||||||||||||||||||
(Loss) income from continuing operations before income taxes | $ | (37 | ) | $ | 8 | $ | (3,919 | ) | $ | (95 | ) | $ | (1,815 | ) | $ | (23 | ) | $ | 443 | $ | (4,172 | ) | $ | (2,636 | ) | $ | (3,299 | ) | ||||||||||||
Equity in losses of unconsolidated investments, net | — | — | — | — | — | — | 482 | 1,114 | 1,730 | 1,286 | ||||||||||||||||||||||||||||||
Fixed charges | 777 | 740 | 2,969 | 747 | 1,367 | — | 1,501 | 2,365 | 2,068 | 2,081 | ||||||||||||||||||||||||||||||
Interest capitalized | (15 | ) | (12 | ) | (56 | ) | (13 | ) | (30 | ) | — | (29 | ) | (278 | ) | (413 | ) | (13 | ) | |||||||||||||||||||||
Amortization of interest capitalized | 33 | 33 | 133 | 33 | 56 | — | 71 | 81 | 48 | 85 | ||||||||||||||||||||||||||||||
Earnings (loss), as adjusted | 758 | 769 | (873 | ) | 672 | (422 | ) | (23 | ) | 2,468 | (890 | ) | 797 | 140 | ||||||||||||||||||||||||||
Fixed charges: | ||||||||||||||||||||||||||||||||||||||||
Interest expense | 542 | 512 | 2,051 | 516 | 918 | — | 1,135 | 1,428 | 1,011 | 1,464 | ||||||||||||||||||||||||||||||
Interest capitalized | 15 | 12 | 56 | 13 | 30 | — | 29 | 278 | 413 | 13 | ||||||||||||||||||||||||||||||
Portion of rentals representative of interest | 220 | 216 | 862 | 218 | 419 | — | 337 | 659 | 644 | 604 | ||||||||||||||||||||||||||||||
Fixed charges | 777 | 740 | 2,969 | 747 | 1,367 | — | 1,501 | 2,365 | 2,068 | 2,081 | ||||||||||||||||||||||||||||||
Ratio of earnings to fixed charges | — (1) | 1.04 | — (2) | — (3) | — (4) | — (5) | 1.6 (6) | — (7) | — (8) | — (9) |
(1) | Successor earnings (loss), as adjusted were inadequate to cover fixed charges by $19 million for the three months ended June 30, 2015. |
(2) | Successor earnings (loss), as adjusted were inadequate to cover fixed charges by $3.8 billion in the year ended March 31, 2015. |
(3) | Successor earnings (loss), as adjusted were inadequate to cover fixed charges by $75 million for the three months ended March 31, 2014. |
(4) | Successor earnings (loss), as adjusted were inadequate to cover fixed charges by $1.8 billion in the year ended 2013. |
(5) | Successor earnings (loss), as adjusted were inadequate to cover fixed charges by $23 million for the 87 days period ended December 31, 2012. |
(6) | The income from continuing operations before income taxes for 191 days period ended July 10, 2013 included a pretax gain of $2.9 billion as a result of acquisition of our previously-held equity interest in Clearwire. |
(7) | Predecessor earnings (loss), as adjusted were inadequate to cover fixed charges by $3.3 billion in the year ended 2012. |
(8) | Predecessor earnings (loss), as adjusted were inadequate to cover fixed charges by $1.3 billion in the year ended 2011. |
(9) | Predecessor earnings (loss), as adjusted were inadequate to cover fixed charges by $1.9 billion in the year ended 2010. |