SPRINT Corp - FORM 10-Q - EX-12 - RATIO OF EARNINGS TO COMBINED FIXED CHARGES - August 9, 2016

Attached files

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EX-10.1 - CREDIT AGREEMENT BETWEEN SPRINT NEXTEL CORP AND J.P. MORGAN DATED FEB. 28, 2013 - SPRINT Corpsprintcorpjune-2016ex101.htm
10-Q - FORM 10-Q - SPRINT Corpsprintcorp6-30x1610q.htm
EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 1350 - SPRINT Corpsprintcorpjune-2016ex322.htm
EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 1350 - SPRINT Corpsprintcorpjune-2016ex321.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO RULE 13A-14(A) - SPRINT Corpsprintcorpjune-2016ex312.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO RULE 13A-14(A) - SPRINT Corpsprintcorpjune-2016ex311.htm
EX-10.8 - FORM OF AWARD AGREE. LT INCENTIVE PLAN STOCK OPTIONS WITH SPECIAL ARRANGE - SPRINT Corpsprintcorpjune-2016ex108.htm
EX-10.7 - FORM OF AWARD AGREE. LT INCENTIVE PLAN STOCK OPTIONS WITHOUT SPECIAL ARRANGE - SPRINT Corpsprintcorpjune-2016ex107.htm
EX-10.6 - FORM OF AWARD AGREE. TURNAROUND INCENTIVE AWARD REST. STOCK UNITS - SPRINT Corpsprintcorpjune-2016ex106.htm
EX-10.5 - FORM OF AWARD AGREE. LONG-TERM INCENTIVE PLAN PERF.-BASED STOCK UNITS - SPRINT Corpsprintcorpjune-2016ex105.htm
EX-10.4 - FORM OF AWARD AGREE. LONG-TERM INCENTIVE PLAN REST. STOCK UNITS - SPRINT Corpsprintcorpjune-2016ex104.htm
EX-10.3 - SUMMARY OF COMP. COMM. APPROVAL OF ADD. MONTHLY FLIGHT HOURS - SPRINT Corpsprintcorpjune-2016ex103.htm
EX-10.2 - EMPLOYMENT AGREEMENT WITH JIM HYDE - SPRINT Corpsprintcorpjune-2016ex102.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,
 
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,
 
2016
 
2015
 
2016
 
2015
 
2014
 
2013
 
2012
 
 
2013
 
2012
 
2011
 
(in millions)
Earnings (loss):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Loss) income from continuing operations before income taxes
$
(246
)
 
$
(37
)
 
$
(1,854
)
 
$
(3,919
)
 
$
(95
)
 
$
(1,815
)
 
$
(23
)
 
 
$
443

 
$
(4,172
)
 
$
(2,636
)
Equity in losses of unconsolidated investments, net
—

 
—

 
—

 
—

 
—

 
—

 
—

 
 
482

 
1,114

 
1,730

Fixed charges
903


777

 
3,212


2,969

 
747

 
1,367

 
—

 
 
1,501

 
2,365

 
2,068

Interest capitalized
(10
)

(15
)
 
(51
)

(56
)
 
(13
)
 
(30
)
 
—

 
 
(29
)
 
(278
)
 
(413
)
Amortization of interest capitalized
33

 
33

 
133

 
133

 
33

 
56

 
—

 
 
71

 
81

 
48

Earnings (loss), as adjusted
680


758

 
1,440


(873
)
 
672

 
(422
)
 
(23
)
 
 
2,468

 
(890
)
 
797

Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
615

 
542

 
2,182

 
2,051

 
516

 
918

 
—

 
 
1,135

 
1,428

 
1,011

Interest capitalized
10

 
15

 
51

 
56

 
13

 
30

 
—

 
 
29

 
278

 
413

Portion of rentals representative of interest
278

 
220

 
979

 
862

 
218

 
419

 
—

 
 
337

 
659

 
644

Fixed charges
903


777

 
3,212


2,969

 
747

 
1,367

 
—

 
 
1,501

 
2,365

 
2,068

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 $223 million for the three months ended June 30, 2016.
(2)
Successor earnings (loss), as adjusted were inadequate to cover fixed charges by $19 million for the three months ended June 30, 2015.
(3)
Successor earnings (loss), as adjusted were inadequate to cover fixed charges by $1.8 billion for the year ended March 31, 2016.
(4)
Successor earnings (loss), as adjusted were inadequate to cover fixed charges by $3.8 billion for the year ended March 31, 2015.
(5)
Successor earnings (loss), as adjusted were inadequate to cover fixed charges by $75 million for the three months ended March 31, 2014.
(6)
Successor earnings (loss), as adjusted were inadequate to cover fixed charges by $1.8 billion for the year ended 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 income 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 $3.3 billion for the year ended 2012.
(10)
Predecessor earnings (loss), as adjusted were inadequate to cover fixed charges by $1.3 billion for the year ended 2011.





 


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