Attached files
| file | filename |
|---|---|
| EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO RULE 13A-14(A) - SPRINT Corp | sprintcorp10-kexhibit31220.htm |
| 10-K - FORM 10-K - SPRINT Corp | sprintcorp201710-k.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-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO RULE 13A-14(A) - SPRINT Corp | sprintcorp10-kexhibit31120.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 |
Exhibit 12
Computation of Ratio of Earnings to Fixed Charges
Successor | Predecessor | |||||||||||||||||||||||||||||||||||
Year Ended March 31, | Three Months Ended March 31, | Year Ended December 31, | 191 Days Ended July 10, | Three Months Ended March 31, | ||||||||||||||||||||||||||||||||
2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2013 | 2013 | 2013 | ||||||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||||||||||||||
Earnings (loss): | ||||||||||||||||||||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 303 | $ | (771 | ) | $ | (1,854 | ) | $ | (3,919 | ) | $ | (95 | ) | $ | (8 | ) | $ | (1,815 | ) | $ | 443 | $ | (605 | ) | |||||||||||
Equity in losses of unconsolidated investments, net | 73 | 2 | — | — | — | — | — | 482 | 202 | |||||||||||||||||||||||||||
Fixed charges | 3,304 | 3,561 | 3,212 | 2,969 | 747 | — | 1,367 | 1,501 | 608 | |||||||||||||||||||||||||||
Interest capitalized | (55 | ) | (44 | ) | (51 | ) | (56 | ) | (13 | ) | — | (30 | ) | (29 | ) | (15 | ) | |||||||||||||||||||
Amortization of interest capitalized | 130 | 131 | 133 | 133 | 33 | — | 56 | 71 | 33 | |||||||||||||||||||||||||||
Earnings (loss), as adjusted | $ | 3,755 | $ | 2,879 | $ | 1,440 | $ | (873 | ) | $ | 672 | $ | (8 | ) | $ | (422 | ) | $ | 2,468 | $ | 223 | |||||||||||||||
Fixed charges: | ||||||||||||||||||||||||||||||||||||
Interest expense | $ | 2,365 | $ | 2,495 | $ | 2,182 | $ | 2,051 | $ | 516 | $ | — | $ | 918 | $ | 1,135 | $ | 432 | ||||||||||||||||||
Interest capitalized | 55 | 44 | 51 | 56 | 13 | — | 30 | 29 | 15 | |||||||||||||||||||||||||||
Portion of rentals representative of interest | 884 | 1,022 | 979 | 862 | 218 | — | 419 | 337 | 161 | |||||||||||||||||||||||||||
Fixed charges | $ | 3,304 | $ | 3,561 | $ | 3,212 | $ | 2,969 | $ | 747 | $ | — | $ | 1,367 | $ | 1,501 | $ | 608 | ||||||||||||||||||
Ratio of earnings to fixed charges | 1.1 | — (1) | — (2) | — (3) | — (4) | — (5) | — (6) | 1.6 (7) | — (8) | |||||||||||||||||||||||||||
(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)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.
(8)Predecessor earnings (loss), as adjusted were inadequate to cover fixed charges by $385 million for the three months ended March 31, 2013.