Attached files
| file | filename |
|---|---|
| EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO RULE 13A-14(A) - SPRINT Corp | sprintcorp10-kexhibit31120.htm |
| EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 1350 - SPRINT Corp | sprintcorp10-kexhibit32220.htm |
| EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 1350 - SPRINT Corp | sprintcorp10-kexhibit32120.htm |
| EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO RULE 13A-14(A) - SPRINT Corp | sprintcorp10-kexhibit31220.htm |
| EX-23.1 - CONSENT OF DELOITTE & TOUCHE LLP - SPRINT Corp | sprintcorp10-kexhibit23120.htm |
| EX-21 - SUBSIDIARIES OF THE REGISTRANT - SPRINT Corp | sprintcorp10-kexhibit212017.htm |
| 10-K - FORM 10-K - SPRINT Corp | sprintcorp201610-k.htm |
Exhibit 12
Computation of Ratio of Earnings to Fixed Charges
Successor | Predecessor | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, | Year Ended March 31, | Year Ended March 31, | Three Months Ended March 31, | Year Ended December 31, | 87 Days Ended December 31, | 191 Days Ended July 10, | Three Months Ended March 31, | Year Ended December 31, | ||||||||||||||||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | 2013 | 2012 | 2013 | 2013 | 2012 | |||||||||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||||||||||||||||||
Earnings (loss): | ||||||||||||||||||||||||||||||||||||||||
(Loss) income from continuing operations before income taxes | $ | (771 | ) | $ | (1,854 | ) | $ | (3,919 | ) | $ | (95 | ) | $ | (8 | ) | $ | (1,815 | ) | $ | (23 | ) | $ | 443 | $ | (605 | ) | $ | (4,172 | ) | |||||||||||
Equity in losses of unconsolidated investments, net | 2 | — | — | — | — | — | — | 482 | 202 | 1,114 | ||||||||||||||||||||||||||||||
Fixed charges | 3,561 | 3,212 | 2,969 | 747 | — | 1,367 | — | 1,501 | 608 | 2,365 | ||||||||||||||||||||||||||||||
Interest capitalized | (44 | ) | (51 | ) | (56 | ) | (13 | ) | — | (30 | ) | — | (29 | ) | (15 | ) | (278 | ) | ||||||||||||||||||||||
Amortization of interest capitalized | 131 | 133 | 133 | 33 | — | 56 | — | 71 | 33 | 81 | ||||||||||||||||||||||||||||||
Earnings (loss), as adjusted | $ | 2,879 | $ | 1,440 | $ | (873 | ) | $ | 672 | $ | (8 | ) | $ | (422 | ) | $ | (23 | ) | $ | 2,468 | $ | 223 | $ | (890 | ) | |||||||||||||||
Fixed charges: | ||||||||||||||||||||||||||||||||||||||||
Interest expense | $ | 2,495 | $ | 2,182 | $ | 2,051 | $ | 516 | $ | — | $ | 918 | $ | — | $ | 1,135 | $ | 432 | $ | 1,428 | ||||||||||||||||||||
Interest capitalized | 44 | 51 | 56 | 13 | — | 30 | — | 29 | 15 | 278 | ||||||||||||||||||||||||||||||
Portion of rentals representative of interest | 1,022 | 979 | 862 | 218 | — | 419 | — | 337 | 161 | 659 | ||||||||||||||||||||||||||||||
Fixed charges | $ | 3,561 | $ | 3,212 | $ | 2,969 | $ | 747 | $ | — | $ | 1,367 | $ | — | $ | 1,501 | $ | 608 | $ | 2,365 | ||||||||||||||||||||
Ratio of earnings to fixed charges | — (1) | — (2) | — (3) | — (4) | — (5) | — (6) | — (7) | 1.6 (8) | — (9) | — (10) | ||||||||||||||||||||||||||||||
(1) | Successor earnings (loss), as adjusted were inadequate to cover fixed charges by $682 million for the year ended March 31, 2017. |
(2) | Successor earnings (loss), as adjusted were inadequate to cover fixed charges by $1.8 billion for the year ended March 31, 2016. |
(3) | Successor earnings (loss), as adjusted were inadequate to cover fixed charges by $3.8 billion for the year ended March 31, 2015. |
(4) | Successor earnings (loss), as adjusted were inadequate to cover fixed charges by $75 million for the three months ended March 31, 2014. |
(5) | Successor earnings (loss), as adjusted were inadequate to cover fixed charges by $8 million for the three months ended March 31, 2013. |
(6) | Successor earnings (loss), as adjusted were inadequate to cover fixed charges by $1.8 billion for the year ended December 31, 2013. |
(7) | Successor earnings (loss), as adjusted were inadequate to cover fixed charges by $23 million for the 87 days ended December 31, 2012. |
(8) | The income from continuing operations before taxes for the 191 days 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.
(9) | Predecessor earnings (loss), as adjusted were inadequate to cover fixed charges by $385 million for the three months ended March 31, 2013. |
(10) | Predecessor earnings (loss), as adjusted were inadequate to cover fixed charges by $3.3 billion for the year ended 2012. |