SPRINT Corp - FORM 10-Q - EX-12 - RATIO OF EARNINGS TO COMBINED FIXED CHARGES - November 9, 2015

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EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO RULE 13A-14(A) - SPRINT Corpsprintcorpsept-2015ex311.htm
EX-10.8 - FORM OF AWARD AGREE. (STOCK OPTIONS) TO EXEC. OFFICERS OTHER THAN W/ EMPLOY. AGR - SPRINT Corpsprintcorpsept-2015ex108.htm
EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 1350 - SPRINT Corpsprintcorpsept-2015ex322.htm
EX-10.2 - EMPLOY. AGREE. WITH GUENTHER OTTENDORFER - SPRINT Corpsprintcorpsept-2015ex102.htm
EX-10.6 - FORM OF TURNAROUND INCENTIVE AWARD AGREE. (RESTRICTED STOCK) FOR CERTAIN EXEC. O - SPRINT Corpsprintcorpsept-2015ex106.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO RULE 13A-14(A) - SPRINT Corpsprintcorpsept-2015ex312.htm
EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 1350 - SPRINT Corpsprintcorpsept-2015ex321.htm
EX-10.9 - FORM OF AWARD AGREE. (RESTRICTED STOCK) TO EXEC. OFFICERS OTHER THAN ROBERT J. J - SPRINT Corpsprintcorpsept-2015ex109.htm
EX-10.1 - SECOND AMEND. EMPLOY. AGREE. WITH JOHN C. SAW - SPRINT Corpsprintcorpsept-2015ex101.htm
EX-10.4 - SPRINT CORPORATION 2015 OMNIBUS INCENTIVE PLAN - SPRINT Corpsprintcorpsept-2015ex104.htm
EX-10.5 - FORM OF AWARD AGREE. (RESTRICTED STOCK) FOR NON-EMPLOYEE DIRECTORS - SPRINT Corpsprintcorpsept-2015ex105.htm
EX-10.10 - FORM OF AWARD AGREE. (PERF.-BASED RESTRICT. STOCK) TO EXEC. OFFICERS OTHER THAN - SPRINT Corpsprintcorpsept-2015ex1010.htm
10-Q - FORM 10-Q - SPRINT Corpsprintcorp9-30x1510q.htm
EX-10.7 - FORM OF TURNAROUND INCENTIVE AWARD AGREE. (RESTRICTED STOCK) FOR CERTAIN OTHER E - SPRINT Corpsprintcorpsept-2015ex107.htm


Exhibit 12
Computation of Ratio of Earnings to Fixed Charges
 
 
Successor
 
 
 
 
Predecessor
 
Six Months Ended
September 30,
 
Six Months Ended
September 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
$
(576
)
 
$
(686
)
 
$
(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
1,555


1,478


2,969

 
747

 
1,367

 
—

 
 
1,501

 
2,365

 
2,068

 
2,081

Interest capitalized
(29
)

(25
)

(56
)
 
(13
)
 
(30
)
 
—

 
 
(29
)
 
(278
)
 
(413
)
 
(13
)
Amortization of interest capitalized
67

 
66

 
133

 
33

 
56

 
—

 
 
71

 
81

 
48

 
85

Earnings (loss), as adjusted
1,017


833


(873
)
 
672

 
(422
)
 
(23
)
 
 
2,468

 
(890
)
 
797

 
140

Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
1,084

 
1,022

 
2,051

 
516

 
918

 
—

 
 
1,135

 
1,428

 
1,011

 
1,464

Interest capitalized
29

 
25

 
56

 
13

 
30

 
—

 
 
29

 
278

 
413

 
13

Portion of rentals representative of interest
442

 
431

 
862

 
218

 
419

 
—

 
 
337

 
659

 
644

 
604

Fixed charges
1,555


1,478


2,969

 
747

 
1,367

 
—

 
 
1,501

 
2,365

 
2,068

 
2,081

Ratio of earnings to fixed charges
— (1)

 
— (2)

 
— (3)

 
— (4)

 
— (5)

 
— (6)

 
 
1.6 (7)

 
— (8)

 
— (9)

 
— (10)


(1)
Successor earnings (loss), as adjusted were inadequate to cover fixed charges by $538 million for the six months ended September 30, 2015.
(2)
Successor earnings (loss), as adjusted were inadequate to cover fixed charges by $645 million for the six months ended September 30, 2014.
(3)
Successor earnings (loss), as adjusted were inadequate to cover fixed charges by $3.8 billion in 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 $1.8 billion in the year ended 2013.
(6)
Successor earnings (loss), as adjusted were inadequate to cover fixed charges by $23 million for the 87 days period ended December 31, 2012.
(7)
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.
(8)
Predecessor earnings (loss), as adjusted were inadequate to cover fixed charges by $3.3 billion in the year ended 2012.
(9)
Predecessor earnings (loss), as adjusted were inadequate to cover fixed charges by $1.3 billion in the year ended 2011.
(10)
Predecessor earnings (loss), as adjusted were inadequate to cover fixed charges by $1.9 billion in the year ended 2010.



 


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