Attached files
| file | filename |
|---|---|
| EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 1350 - SPRINT Corp | sprintcorpsept-2016ex321.htm |
| 10-Q - FORM 10-Q - SPRINT Corp | sprintcorp9-30x1610q.htm |
| EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 1350 - SPRINT Corp | sprintcorpsept-2016ex322.htm |
| EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO RULE 13A-14(A) - SPRINT Corp | sprintcorpsept-2016ex312.htm |
| EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO RULE 13A-14(A) - SPRINT Corp | sprintcorpsept-2016ex311.htm |
| EX-10.3 - INCREMENTAL AGREEMENT NO. 1 DATED JUNE 29, 2016 - SPRINT Corp | sprintcorpsept-2016ex103.htm |
| EX-10.2 - FIRST AMENDMENT TO THE CREDIT AGREEMENT DATED JUNE 29, 2016 - SPRINT Corp | sprintcorpsept-2016ex102.htm |
| EX-10.1 - EVIDENCE OF TURNAROUND INCENTIVE AWARD REST. STOCK UNITS - SPRINT Corp | sprintcorpsept-2016ex101.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, | 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 | $ | (269 | ) | $ | (576 | ) | $ | (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 | 1,818 | 1,555 | 3,212 | 2,969 | 747 | 1,367 | — | 1,501 | 2,365 | 2,068 | ||||||||||||||||||||||||||||||
Interest capitalized | (20 | ) | (29 | ) | (51 | ) | (56 | ) | (13 | ) | (30 | ) | — | (29 | ) | (278 | ) | (413 | ) | |||||||||||||||||||||
Amortization of interest capitalized | 66 | 67 | 133 | 133 | 33 | 56 | — | 71 | 81 | 48 | ||||||||||||||||||||||||||||||
Earnings (loss), as adjusted | 1,595 | 1,017 | 1,440 | (873 | ) | 672 | (422 | ) | (23 | ) | 2,468 | (890 | ) | 797 | ||||||||||||||||||||||||||
Fixed charges: | ||||||||||||||||||||||||||||||||||||||||
Interest expense | 1,245 | 1,084 | 2,182 | 2,051 | 516 | 918 | — | 1,135 | 1,428 | 1,011 | ||||||||||||||||||||||||||||||
Interest capitalized | 20 | 29 | 51 | 56 | 13 | 30 | — | 29 | 278 | 413 | ||||||||||||||||||||||||||||||
Portion of rentals representative of interest | 553 | 442 | 979 | 862 | 218 | 419 | — | 337 | 659 | 644 | ||||||||||||||||||||||||||||||
Fixed charges | 1,818 | 1,555 | 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 six months ended September 30, 2016. |
(2) | Successor earnings (loss), as adjusted, were inadequate to cover fixed charges by $538 million for the six months ended September 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. |