falsedesktopS2019-12-31000010183020000008{"tbl_sim": "https://q10k.com/tbl-sim", "search": "https://q10k.com/search"}{"q10k_tbl_0": "Large accelerated filer\t☒\tAccelerated filer\t☐\nNon-accelerated filer\t☐\tSmaller reporting company\t☐\n\t\tEmerging growth company\t☐\n", "q10k_tbl_1": "\t\tPage Reference\nItem\tPART I - FINANCIAL INFORMATION\t\n1.\tFinancial Statements\t1\n\tConsolidated Balance Sheets\t1\n\tConsolidated Statements of Comprehensive (Loss) Income\t2\n\tConsolidated Statements of Cash Flows\t3\n\tConsolidated Statements of Changes in Equity\t4\n\tNotes to the Consolidated Financial Statements\t6\n2.\tManagement's Discussion and Analysis of Financial Condition and Results of Operations\t44\n3.\tQuantitative and Qualitative Disclosures About Market Risk\t66\n4.\tControls and Procedures\t66\n\tPART II - OTHER INFORMATION\t\n1.\tLegal Proceedings\t68\n1A.\tRisk Factors\t68\n2.\tUnregistered Sales of Equity Securities and Use of Proceeds\t69\n3.\tDefaults Upon Senior Securities\t69\n4.\tMine Safety Disclosures\t69\n5.\tOther Information\t69\n6.\tExhibits\t71\nSignature\t\t73\n", "q10k_tbl_2": "\tDecember 31\tMarch 31\n\t2019\t2019\n\t(in millions except share and per share data)\t\nASSETS\t\t\nCurrent assets:\t\t\nCash and cash equivalents\t3179\t6982\nShort-term investments\t62\t67\nAccounts and notes receivable net of allowance for doubtful accounts and deferred interest of $410 and $363 respectively\t3873\t3554\nDevice and accessory inventory\t1117\t999\nPrepaid expenses and other current assets\t1224\t1289\nTotal current assets\t9455\t12891\nProperty plant and equipment net\t20827\t21201\nCosts to acquire a customer contract\t1808\t1559\nOperating lease right-of-use assets\t6713\t0\nIntangible assets\t\t\nGoodwill\t4598\t4598\nFCC licenses and other\t41492\t41465\nDefinite-lived intangible assets net\t918\t1769\nOther assets\t1091\t1118\nTotal assets\t86902\t84601\nLIABILITIES AND EQUITY\t\t\nCurrent liabilities:\t\t\nAccounts payable\t3396\t3961\nAccrued expenses and other current liabilities\t3335\t3597\nCurrent operating lease liabilities\t1860\t0\nCurrent portion of long-term debt financing and finance lease obligations\t3880\t4557\nTotal current liabilities\t12471\t12115\nLong-term debt financing and finance lease obligations\t33507\t35366\nLong-term operating lease liabilities\t5423\t0\nDeferred tax liabilities\t7038\t7556\nOther liabilities\t2708\t3437\nTotal liabilities\t61147\t58474\nCommitments and contingencies\t\t\nStockholders' equity:\t\t\nCommon stock voting par value $0.01 per share 9.0 billion authorized 4.112 billion and 4.081 billion issued respectively\t41\t41\nPaid-in capital\t28402\t28306\nTreasury shares at cost\t(9)\t0\nAccumulated deficit\t(2226)\t(1883)\nAccumulated other comprehensive loss\t(453)\t(392)\nTotal stockholders' equity\t25755\t26072\nNoncontrolling interests\t0\t55\nTotal equity\t25755\t26127\nTotal liabilities and equity\t86902\t84601\n", "q10k_tbl_3": "\tThree Months Ended\t\tNine Months Ended\t\n\tDecember 31\t\tDecember 31\t\n\t2019\t2018\t2019\t2018\n\t(in millions except per share amounts)\t\t\t\nNet operating revenues:\t\t\t\t\nService\t5416\t5699\t16252\t17201\nEquipment sales\t1372\t1589\t3784\t4180\nEquipment rentals\t1292\t1313\t3981\t3778\n\t8080\t8601\t24017\t25159\nNet operating expenses:\t\t\t\t\nCost of services (exclusive of depreciation and amortization included below)\t1718\t1648\t5203\t5019\nCost of equipment sales\t1646\t1734\t4346\t4521\nCost of equipment rentals (exclusive of depreciation below)\t201\t182\t666\t457\nSelling general and administrative\t2045\t2003\t5888\t5731\nDepreciation - network and other\t1071\t1088\t3256\t3132\nDepreciation - equipment rentals\t1011\t1137\t3096\t3454\nAmortization\t474\t145\t698\t475\nOther net\t(152)\t185\t106\t298\n\t8014\t8122\t23259\t23087\nOperating income\t66\t479\t758\t2072\nOther (expense) income:\t\t\t\t\nInterest expense\t(589)\t(664)\t(1802)\t(1934)\nOther (expense) income net\t(6)\t32\t36\t153\n\t(595)\t(632)\t(1766)\t(1781)\n(Loss) income before income taxes\t(529)\t(153)\t(1008)\t291\nIncome tax benefit (expense)\t408\t8\t494\t(56)\nNet (loss) income\t(121)\t(145)\t(514)\t235\nLess: Net loss (income) attributable to noncontrolling interests\t1\t4\t9\t(4)\nNet (loss) income attributable to Sprint Corporation\t(120)\t(141)\t(505)\t231\nBasic net (loss) income per common share attributable to Sprint Corporation\t(0.03)\t(0.03)\t(0.12)\t0.06\nDiluted net (loss) income per common share attributable to Sprint Corporation\t(0.03)\t(0.03)\t(0.12)\t0.06\nBasic weighted average common shares outstanding\t4109\t4078\t4098\t4050\nDiluted weighted average common shares outstanding\t4109\t4078\t4098\t4110\nOther comprehensive (loss) income net of tax:\t\t\t\t\nNet unrealized holding losses on securities and other\t0\t(2)\t(2)\t(9)\nNet unrealized holding gains (losses) on derivatives\t4\t(25)\t(23)\t(8)\nNet unrecognized net periodic pension and other postretirement benefits\t(39)\t2\t(36)\t5\nCumulative effect of accounting change\t0\t0\t0\t(8)\nOther comprehensive loss\t(35)\t(25)\t(61)\t(20)\nComprehensive (loss) income\t(156)\t(170)\t(575)\t215\n", "q10k_tbl_4": "\tNine Months Ended\t\n\tDecember 31\t\n\t2019\t2018\n\t(in millions)\t\nCash flows from operating activities:\t\t\nNet (loss) income\t(514)\t235\nAdjustments to reconcile net (loss) income to net cash provided by operating activities:\t\t\nAsset impairments\t231\t0\nDepreciation and amortization\t7050\t7061\nProvision for losses on accounts receivable\t435\t278\nShare-based and long-term incentive compensation expense\t90\t101\nDeferred income tax (benefit) expense\t(532)\t25\nAmortization of long-term debt premiums net\t(47)\t(94)\nLoss on disposal of property plant and equipment\t692\t642\nDeferred purchase price from sale of receivables\t0\t(223)\nOther changes in assets and liabilities:\t\t\nAccounts and notes receivable\t(754)\t65\nInventories and other current assets\t650\t248\nOperating lease right-of-use assets\t1280\t0\nAccounts payable and other current liabilities\t(436)\t(530)\nCurrent and long-term operating lease liabilities\t(1433)\t0\nNon-current assets and liabilities net\t(172)\t(601)\nOther net\t225\t375\nNet cash provided by operating activities\t6765\t7582\nCash flows from investing activities:\t\t\nCapital expenditures - network and other\t(3360)\t(3814)\nCapital expenditures - leased devices\t(5449)\t(5739)\nExpenditures relating to FCC licenses\t(24)\t(145)\nProceeds from sales and maturities of short-term investments\t79\t6619\nPurchases of short-term investments\t(74)\t(5152)\nProceeds from sales of assets and FCC licenses\t819\t416\nProceeds from deferred purchase price from sale of receivables\t0\t223\nProceeds from corporate owned life insurance policies\t5\t110\nOther net\t(27)\t52\nNet cash used in investing activities\t(8031)\t(7430)\nCash flows from financing activities:\t\t\nProceeds from debt and financings\t4731\t6416\nRepayments of debt financing and finance lease obligations\t(7188)\t(6937)\nDebt financing costs\t(12)\t(286)\nProceeds from issuance of common stock net\t(29)\t281\nAcquisition of noncontrolling interest\t(33)\t0\nOther net\t1\t0\nNet cash used in financing activities\t(2530)\t(526)\nNet decrease in cash cash equivalents and restricted cash\t(3796)\t(374)\nCash cash equivalents and restricted cash beginning of period\t7063\t6659\nCash cash equivalents and restricted cash end of period\t3267\t6285\n", "q10k_tbl_5": "\tNine Months Ended December 31 2019\t\t\t\t\t\t\t\t\t\n\tCommon Stock\t\tPaid-in Capital\t\tTreasury Shares\t\t(Accumulated Deficit) Retained Earnings\tAccumulated Other Comprehensive Loss\tNoncontrolling Interests\tTotal Equity\n\tShares\tAmount\tShares\tAmount\t\nBalance March 31 2019\t4081\t41\t28306\t\t0\t0\t(1883)\t(392)\t55\t26127\nNet loss\t\t\t\t\t\t\t(111)\t\t(3)\t(114)\nOther comprehensive loss net of tax\t\t\t\t\t\t\t\t(22)\t\t(22)\nIssuance of common stock net\t11\t\t(15)\t\t\t(2)\t\t\t\t(17)\nShare-based compensation expense\t\t\t35\t\t\t\t\t\t\t35\nOther net\t\t\t(3)\t\t\t\t\t\t\t(3)\nCumulative effect of accounting change\t\t\t\t\t\t\t162\t\t\t162\nBalance June 30 2019\t4092\t41\t28323\t\t0\t(2)\t(1832)\t(414)\t52\t26168\nNet loss\t\t\t\t\t\t\t(274)\t\t(5)\t(279)\nOther comprehensive loss net of tax\t\t\t\t\t\t\t\t(4)\t\t(4)\nIssuance of common stock net\t16\t\t(2)\t\t2\t(14)\t\t\t\t(16)\nShare-based compensation expense\t\t\t28\t\t\t\t\t\t\t28\nBalance September 30 2019\t4108\t41\t28349\t\t2\t(16)\t(2106)\t(418)\t47\t25897\nNet loss\t\t\t\t\t\t\t(120)\t\t(1)\t(121)\nOther comprehensive loss net of tax\t\t\t\t\t\t\t\t(35)\t\t(35)\nIssuance of common stock net\t4\t\t(3)\t\t(1)\t7\t\t\t\t4\nShare-based compensation expense\t\t\t27\t\t\t\t\t\t\t27\nCapital contribution by SoftBank\t\t\t1\t\t\t\t\t\t\t1\nAcquisition of noncontrolling interest(1)\t\t\t28\t\t\t\t\t\t(46)\t(18)\nBalance December 31 2019\t4112\t41\t28402\t\t1\t(9)\t(2226)\t(453)\t0\t25755\n", "q10k_tbl_6": "\tNine Months Ended December 31 2018\t\t\t\t\t\t\t\t\t\n\tCommon Stock\t\tPaid-in Capital\t\tTreasury Shares\t\t(Accumulated Deficit) Retained Earnings\tAccumulated Other Comprehensive (Loss) Income\tNoncontrolling Interests\tTotal Equity\n\tShares\tAmount\tShares\tAmount\t\nBalance March 31 2018\t4005\t40\t27884\t\t0\t0\t(1255)\t(313)\t63\t26419\nNet income (loss)\t\t\t\t\t\t\t176\t\t(3)\t173\nOther comprehensive income net of tax\t\t\t\t\t\t\t\t4\t\t4\nIssuance of common stock net\t8\t\t2\t\t1\t(4)\t\t\t\t(2)\nShare-based compensation expense\t\t\t40\t\t\t\t\t\t\t40\nCapital contribution by SoftBank\t\t\t1\t\t\t\t\t\t\t1\nCumulative effect of accounting changes\t\t\t\t\t\t\t1315\t(8)\t\t1307\nOther net\t\t\t3\t\t\t\t\t\t\t3\nIncrease (decrease) attributable to noncontrolling interests\t\t\t8\t\t\t\t\t\t(8)\t0\nBalance June 30 2018\t4013\t40\t27938\t\t1\t(4)\t236\t(317)\t52\t27945\nNet income\t\t\t\t\t\t\t196\t\t11\t207\nOther comprehensive income net of tax\t\t\t\t\t\t\t\t9\t\t9\nIssuance of common stock net\t66\t1\t288\t\t1\t(11)\t\t\t\t278\nShare-based compensation expense\t\t\t27\t\t\t\t\t\t\t27\nCapital contribution by SoftBank\t\t\t1\t\t\t\t\t\t\t1\nOther net\t\t\t(3)\t\t\t\t\t\t\t(3)\nBalance September 30 2018\t4079\t41\t28251\t\t2\t(15)\t432\t(308)\t63\t28464\nNet loss\t\t\t\t\t\t\t(141)\t\t(4)\t(145)\nOther comprehensive loss net of tax\t\t\t\t\t\t\t\t(25)\t\t(25)\nIssuance of common stock net\t\t\t(3)\t\t(1)\t8\t\t\t\t5\nShare-based compensation expense\t\t\t34\t\t\t\t\t\t\t34\nOther net\t\t\t(4)\t\t\t\t\t\t\t(4)\nBalance December 31 2018\t4079\t41\t28278\t\t1\t(7)\t291\t(333)\t59\t28329\n", "q10k_tbl_7": "\t\tPage Reference\n1.\tBasis of Presentation and Other Information\t7\n2.\tNew Accounting Pronouncements\t8\n3.\tInstallment Receivables\t10\n4.\tFinancial Instruments\t11\n5.\tProperty Plant and Equipment\t12\n6.\tIntangible Assets\t13\n7.\tLeases\t15\n8.\tLong-Term Debt Financing and Finance Lease Obligations\t19\n9.\tRevenues from Contracts with Customers\t24\n10.\tSeverance and Exit Costs\t26\n11.\tIncome Taxes\t27\n12.\tCommitments and Contingencies\t27\n13.\tPer Share Data\t29\n14.\tSegments\t29\n15.\tRelated-Party Transactions\t33\n16.\tGuarantor Financial Information\t34\n17.\tAdditional Financial Information\t43\n18.\tSubsequent Events\t43\n", "q10k_tbl_8": "\tMarch 31 2019\tEffects of the adoption of Topic 842\tApril 1 2019\n\t(in millions)\t\t\nASSETS\t\t\t\nCurrent assets:\t\t\t\nPrepaid expenses and other current assets\t1289\t(111)\t1178\nProperty plant and equipment\t41740\t(31)\t41709\nAccumulated depreciation\t(20539)\t27\t(20512)\nProperty plant and equipment net\t21201\t(4)\t21197\nOperating lease right-of-use assets\t0\t7358\t7358\nDefinite-lived intangible assets net\t1769\t(119)\t1650\nOther assets\t1118\t(1)\t1117\nLIABILITIES AND EQUITY\t\t\t\nCurrent liabilities:\t\t\t\nAccrued expenses and other current liabilities\t3597\t(178)\t3419\nCurrent operating lease liabilities\t0\t1813\t1813\nCurrent portion of long-term debt financing and finance lease obligations\t4557\t(43)\t4514\nLong-term debt financing and finance lease obligations\t35366\t(67)\t35299\nLong-term operating lease liabilities\t0\t6263\t6263\nDeferred tax liabilities\t7556\t46\t7602\nOther liabilities\t3437\t(873)\t2564\nStockholders' equity:\t\t\t\n(Accumulated deficit) retained earnings\t(1883)\t162\t(1721)\n", "q10k_tbl_9": "\tDecember 31 2019\tMarch 31 2019\n\t(in millions)\t\nInstallment receivables gross\t1578\t1212\nDeferred interest\t(84)\t(71)\nInstallment receivables net of deferred interest\t1494\t1141\nAllowance for credit losses\t(244)\t(215)\nInstallment receivables net\t1250\t926\nClassified in the consolidated balance sheets as:\t\t\nAccounts and notes receivable net\t951\t679\nOther assets\t299\t247\nInstallment receivables net\t1250\t926\n", "q10k_tbl_10": "\tDecember 31 2019\t\t\tMarch 31 2019\t\t\n\tPrime\tSubprime\tTotal\tPrime\tSubprime\tTotal\n\t(in millions)\t\t\t(in millions)\t\t\nUnbilled\t856\t612\t1468\t667\t459\t1126\nBilled - current\t53\t31\t84\t43\t22\t65\nBilled - past due\t11\t15\t26\t10\t11\t21\nInstallment receivables gross\t920\t658\t1578\t720\t492\t1212\n", "q10k_tbl_11": "\tNine Months Ended\tTwelve Months Ended\n\tDecember 31 2019\tMarch 31 2019\n\t(in millions)\t\nDeferred interest and allowance for credit losses beginning of period\t286\t323\nAdjustment to deferred interest on short- and long-term installment receivables due to adoption of revenue recognition standard on April 1 2018\t0\t(50)\nBad debt expense\t142\t116\nWrite-offs net of recoveries\t(114)\t(118)\nChange in deferred interest on short- and long-term installment receivables\t14\t15\nDeferred interest and allowance for credit losses end of period\t328\t286\n", "q10k_tbl_12": "Carrying amount at December 31 2019\t\tEstimated Fair Value Using Input Type\t\t\t\n\tQuoted prices in active markets\tObservable\tUnobservable\tTotal estimated fair value\n(in millions)\t\t\t\t\t\nCurrent and long-term debt and financing obligations $37736\t\t35951\t0\t4150\t40101\n", "q10k_tbl_13": "Carrying amount at March 31 2019\t\tEstimated Fair Value Using Input Type\t\t\t\n\tQuoted prices in active markets\tObservable\tUnobservable\tTotal estimated fair value\n(in millions)\t\t\t\t\t\nCurrent and long-term debt and financing obligations $40193\t\t36642\t197\t3970\t40809\n", "q10k_tbl_14": "\tDecember 31 2019\tMarch 31 2019\n\t(in millions)\t\nLand\t105\t246\nNetwork equipment site costs and related software\t25373\t24967\nBuildings and improvements\t444\t856\nLeased devices non-network internal use software office equipment and other\t12269\t12627\nConstruction in progress\t2628\t3044\nLess: accumulated depreciation\t(19992)\t(20539)\nProperty plant and equipment net\t20827\t21201\n", "q10k_tbl_15": "\tDecember 31 2019\tMarch 31 2019\n\t(in millions)\t\nLeased devices\t10591\t10972\nLess: accumulated depreciation\t(3843)\t(4360)\nLeased devices net\t6748\t6612\n", "q10k_tbl_16": "\tMarch 31 2019\tNet Additions\tDecember 31 2019\n\t(in millions)\t\t\nFCC licenses\t37430\t27\t37457\nTrademarks\t4035\t0\t4035\nGoodwill(1)\t4598\t0\t4598\n\t46063\t27\t46090\n", "q10k_tbl_17": "\t\tDecember 31 2019\t\t\tMarch 31 2019\t\t\n\tUseful Lives\tGross Carrying Value\tAccumulated Amortization\tNet Carrying Value\tGross Carrying Value\tAccumulated Amortization\tNet Carrying Value\n\t\t(in millions)\t\t\t\t\t\nCustomer relationships\t5 to 8 years\t6563\t(6321)\t242\t6563\t(6029)\t534\nOther intangible assets:\t\t\t\t\t\t\t\nFavorable spectrum leases\t23 years\t802\t(215)\t587\t763\t(150)\t613\nFavorable tower leases(1)\t0\t0\t0\t0\t335\t(215)\t120\nTrademarks\t< 1 year\t520\t(482)\t38\t520\t(89)\t431\nOther(2)\t10 years\t117\t(66)\t51\t137\t(66)\t71\nTotal other intangible assets\t\t1439\t(763)\t676\t1755\t(520)\t1235\nTotal definite-lived intangible assets\t\t8002\t(7084)\t918\t8318\t(6549)\t1769\n", "q10k_tbl_18": "\tThree Months Ended\tNine Months Ended\n\tDecember 31 2019\tDecember 31 2019\n\t(in millions)\t\nOperating lease expense\t545\t1622\nFinance lease expense:\t\t\nAmortization of right-to-use assets\t18\t55\nInterest on lease liabilities\t1\t2\nTotal finance lease expense\t19\t57\nVariable lease expense\t23\t65\nTotal lease expense\t587\t1744\n", "q10k_tbl_19": "\tThree Months Ended\tNine Months Ended\n\tDecember 31 2019\tDecember 31 2019\n\t(in millions)\t\nCash paid for amounts included in the measurement of lease liabilities:\t\t\nOperating cash flows from finance leases\t2\t5\nOperating cash flows from operating leases\t579\t1756\nFinancing cash flows from finance leases\t1\t2\nTotal cash paid for amounts included in the measurement of lease liabilities\t582\t1763\nNon-cash investing and financing activities:\t\t\nOperating lease right-of-use assets obtained in exchange for lease obligations\t262\t643\n", "q10k_tbl_20": "\t(in millions)\nRemainder of fiscal year ending March 31 2020\t540\nFiscal year ending March 31 2021\t2234\nFiscal year ending March 31 2022\t1721\nFiscal year ending March 31 2023\t1212\nFiscal year ending March 31 2024\t848\nThereafter\t2065\nTotal lease payments\t8620\nLess imputed interest\t(1340)\nTotal\t7280\n", "q10k_tbl_21": "Future Minimum Commitments\tOperating Leases\tCapital Leases and Financing Obligations\n\t(in millions)\t\nFiscal year ending March 31 2020\t2277\t262\nFiscal year ending March 31 2021\t2199\t150\nFiscal year ending March 31 2022\t1793\t92\nFiscal year ending March 31 2023\t1358\t44\nFiscal year ending March 31 2024\t1039\t12\nThereafter\t3101\t0\nTotal lease payments\t11767\t560\n", "q10k_tbl_22": "\tInterest Rates\tMaturities\tDecember 31 2019\tMarch 31 2019\n\t\t\t(in millions)\t\nNotes\t\t\t\t\nSenior notes\t\t\t\t\nSprint Corporation\t7.13-7.88%\t2021-2026\t12000\t12000\nSprint Communications Inc.\t6.00-11.50%\t2020-2022\t4780\t4780\nSprint Capital Corporation\t6.88-8.75%\t2028-2032\t4475\t6204\nSenior secured notes\t\t\t\t\nSprint Spectrum Co LLC Sprint Spectrum Co II LLC Sprint Spectrum Co III LLC\t3.36-5.15%\t2021-2028\t5469\t6125\nGuaranteed notes\t\t\t\t\nSprint Communications Inc.\t7.00%\t2020\t1000\t1000\nCredit facilities\t\t\t\t\nSecured revolving bank credit facility\t4.06%\t2021\t0\t0\nSecured term loans\t4.31-4.81%\t2024\t5870\t5915\nPRWireless term loan\t7.35%\t2020\t0\t198\nExport Development Canada (EDC)\t4.31%\t2019\t0\t300\nSecured equipment credit facilities\t3.14-3.86%\t2021-2022\t505\t661\nAccounts receivable facility\t2.89-3.09%\t2021\t3310\t2607\nFinancing obligations finance lease and other obligations\t2.62-12.00%\t2020-2026\t349\t538\nNet premiums and debt financing costs\t\t\t(371)\t(405)\n\t\t\t37387\t39923\nLess current portion\t\t\t(3880)\t(4557)\nLong-term debt financing and finance lease obligations\t\t\t33507\t35366\n", "q10k_tbl_23": "\tThree Months Ended\t\tNine Months Ended\t\n\tDecember 31\t\tDecember 31\t\n\t2019\t2018\t2019\t2018\n\t(in millions)\t\t\t\nService revenue\t\t\t\t\nPostpaid\t4229\t4236\t12646\t12679\nPrepaid\t740\t924\t2375\t2860\nWholesale affiliate and other\t225\t294\t546\t881\nWireline\t222\t245\t685\t781\nTotal service revenue\t5416\t5699\t16252\t17201\nEquipment sales\t1372\t1589\t3784\t4180\nEquipment rentals\t1292\t1313\t3981\t3778\nTotal revenue\t8080\t8601\t24017\t25159\n", "q10k_tbl_24": "\tDecember 31\tMarch 31\n\t2019\t2019\n\t(in millions)\t\nContract assets and liabilities\t\t\nContract assets(1)\t1081\t928\nBilled trade receivables\t2654\t2690\nUnbilled trade receivables\t1230\t945\nContract liabilities\t1051\t1009\nOther related assets\t\t\nCapitalized costs to acquire a customer contract:\t\t\nSales commissions - beginning balance\t1559\t\nSales commissions - additions\t958\t\nAmortization of capitalized sales commissions\t(709)\t\nNet costs to acquire a customer contract\t1808\t\n", "q10k_tbl_25": "\t(in millions)\nRemainder of fiscal year ending March 31 2020\t2608\nFiscal year ending March 31 2021\t6241\nThereafter\t397\nTotal\t9246\n", "q10k_tbl_26": "\tMarch 31 2019\tNet Expense\t\tCash Payments and Other\tDecember 31 2019\n\t(in millions)\t\t\t\t\nSeverance costs\t6\t6\t(1)\t(6)\t6\nExit costs\t61\t60\t(2)\t(89)\t32\n\t67\t66\t\t(95)\t38\n", "q10k_tbl_27": "\tNine Months Ended December 31\t\n\t2019\t2018\n\t(in millions)\t\nIncome tax benefit (expense) at the federal statutory rate\t212\t(61)\nEffect of:\t\t\nState income taxes net of federal income tax effect\t39\t(40)\nState law changes net of federal income tax effect\t6\t62\nIncrease deferred tax liability for organizational restructuring\t(4)\t(12)\nCredit for increasing research activities\t9\t13\nChange in federal and state valuation allowance\t236\t12\nIncrease in liability for unrecognized tax benefits\t(4)\t(6)\nNon-deductible penalties\t0\t(29)\nOther net\t0\t5\nIncome tax benefit (expense)\t494\t(56)\nEffective income tax rate\t49.0%\t19.2%\n", "q10k_tbl_28": "\tThree Months Ended\t\tNine Months Ended\t\n\tDecember 31\t\tDecember 31\t\n\t2019\t2018\t2019\t2018\n\t(in millions except per share amounts)\t\t\t\nNet (loss) income\t(121)\t(145)\t(514)\t235\nLess: Net loss (income) attributable to noncontrolling interests\t1\t4\t9\t(4)\nNet (loss) income attributable to Sprint\t(120)\t(141)\t(505)\t231\nBasic weighted average common shares outstanding\t4109\t4078\t4098\t4050\nEffect of dilutive securities:\t\t\t\t\nOptions and restricted stock units\t0\t0\t0\t56\nWarrants(1)\t0\t0\t0\t4\nDiluted weighted average common shares outstanding\t4109\t4078\t4098\t4110\nBasic net (loss) income per common share attributable to Sprint\t(0.03)\t(0.03)\t(0.12)\t0.06\nDiluted net (loss) income per common share attributable to Sprint\t(0.03)\t(0.03)\t(0.12)\t0.06\nPotentially dilutive securities:\t\t\t\t\nOutstanding stock options(2)\t72\t96\t72\t6\n", "q10k_tbl_29": "Statement of Operations Information\tWireless\tWireline\tCorporate Other and Eliminations\tConsolidated\n\t(in millions)\t\t\t\nThree Months Ended December 31 2019\t\t\t\t\nNet operating revenues\t7859\t222\t(1)\t8080\nInter-segment revenues(1)\t0\t74\t(74)\t0\nTotal segment operating expenses(2)\t(5324)\t(284)\t76\t(5532)\nSegment earnings\t2535\t12\t1\t2548\nLess:\t\t\t\t\nDepreciation - network and other\t\t\t\t(1071)\nDepreciation - equipment rentals\t\t\t\t(1011)\nAmortization\t\t\t\t(474)\nMerger costs(2)\t\t\t\t(78)\nOther net(3)\t\t\t\t152\nOperating income\t\t\t\t66\nInterest expense\t\t\t\t(589)\nOther expense net\t\t\t\t(6)\nLoss before income taxes\t\t\t\t(529)\n", "q10k_tbl_30": "Statement of Operations Information\tWireless\tWireline\tCorporate Other and Eliminations\tConsolidated\n\t(in millions)\t\t\t\nThree Months Ended December 31 2018\t\t\t\t\nNet operating revenues\t8351\t245\t5\t8601\nInter-segment revenues(1)\t0\t71\t(71)\t0\nTotal segment operating expenses(2)\t(5240)\t(332)\t72\t(5500)\nSegment earnings (loss)\t3111\t(16)\t6\t3101\nLess:\t\t\t\t\nDepreciation - network and other\t\t\t\t(1088)\nDepreciation - equipment rentals\t\t\t\t(1137)\nAmortization\t\t\t\t(145)\nMerger costs(2)\t\t\t\t(67)\nOther net(3)\t\t\t\t(185)\nOperating income\t\t\t\t479\nInterest expense\t\t\t\t(664)\nOther income net\t\t\t\t32\nLoss before income taxes\t\t\t\t(153)\n", "q10k_tbl_31": "Statement of Operations Information\tWireless\tWireline\tCorporate Other and Eliminations\tConsolidated\n\t(in millions)\t\t\t\nNine Months Ended December 31 2019\t\t\t\t\nNet operating revenues\t23327\t685\t5\t24017\nInter-segment revenues(1)\t0\t218\t(218)\t0\nTotal segment operating expenses(2)\t(15193)\t(896)\t216\t(15873)\nSegment earnings\t8134\t7\t3\t8144\nLess:\t\t\t\t\nDepreciation - network and other\t\t\t\t(3256)\nDepreciation - equipment rentals\t\t\t\t(3096)\nAmortization\t\t\t\t(698)\nMerger costs(2)\t\t\t\t(230)\nOther net(3)\t\t\t\t(106)\nOperating income\t\t\t\t758\nInterest expense\t\t\t\t(1802)\nOther income net\t\t\t\t36\nLoss before income taxes\t\t\t\t(1008)\n", "q10k_tbl_32": "Statement of Operations Information\tWireless including hurricane\tWireless hurricane\tWireless excluding hurricane\tWireline\tCorporate Other and Eliminations\tConsolidated\n\t(in millions)\t\t\t\t\t\nNine Months Ended December 31 2018\t\t\t\t\t\t\nNet operating revenues(4)\t24365\t(3)\t24362\t781\t13\t25156\nInter-segment revenues(1)\t0\t0\t0\t201\t(201)\t0\nTotal segment operating expenses(2)(4)\t(14650)\t(7)\t(14657)\t(1060)\t198\t(15519)\nSegment earnings (loss)\t9715\t(10)\t9705\t(78)\t10\t9637\nLess:\t\t\t\t\t\t\nDepreciation - network and other\t\t\t\t\t\t(3132)\nDepreciation - equipment rentals\t\t\t\t\t\t(3454)\nAmortization\t\t\t\t\t\t(475)\nHurricane-related reimbursements(4)\t\t\t\t\t\t32\nMerger costs(2)\t\t\t\t\t\t(216)\nOther net(3)\t\t\t\t\t\t(320)\nOperating income\t\t\t\t\t\t2072\nInterest expense\t\t\t\t\t\t(1934)\nOther income net\t\t\t\t\t\t153\nIncome before income taxes\t\t\t\t\t\t291\nOther Information\t\t\tWireless\tWireline\tCorporate and Other\tConsolidated\n\t\t\t(in millions)\t\t\t\nCapital expenditures for the nine months ended December 31 2019\t\t\t8360\t92\t357\t8809\nCapital expenditures for the nine months ended December 31 2018\t\t\t9101\t170\t282\t9553\n", "q10k_tbl_33": "Operating Revenues by Service and Products\tWireless\tWireline\tCorporate Other and Eliminations(1)\tConsolidated\n\t(in millions)\t\t\t\nThree Months Ended December 31 2019\t\t\t\t\nService revenue\t4969\t279\t(74)\t5174\nWireless equipment sales\t1372\t0\t0\t1372\nWireless equipment rentals\t1292\t0\t0\t1292\nOther\t226\t17\t(1)\t242\nTotal net operating revenues\t7859\t296\t(75)\t8080\nOperating Revenues by Service and Products\tWireless\tWireline\tCorporate Other and Eliminations(1)\tConsolidated\n\t(in millions)\t\t\t\nThree Months Ended December 31 2018\t\t\t\t\nService revenue(2)\t5160\t297\t(71)\t5386\nWireless equipment sales\t1589\t0\t0\t1589\nWireless equipment rentals\t1313\t0\t0\t1313\nOther\t289\t19\t5\t313\nTotal net operating revenues\t8351\t316\t(66)\t8601\nOperating Revenues by Service and Products\tWireless\tWireline\tCorporate Other and Eliminations(1)\tConsolidated\n\t(in millions)\t\t\t\nNine Months Ended December 31 2019\t\t\t\t\nService revenue\t15021\t850\t(218)\t15653\nWireless equipment sales\t3784\t0\t0\t3784\nWireless equipment rentals\t3981\t0\t0\t3981\nOther\t541\t53\t5\t599\nTotal net operating revenues\t23327\t903\t(213)\t24017\nOperating Revenues by Service and Products\tWireless\tWireline\tCorporate Other and Eliminations(1)\tConsolidated\n\t(in millions)\t\t\t\nNine Months Ended December 31 2018\t\t\t\t\nService revenue(2)\t15536\t914\t(201)\t16249\nWireless equipment sales\t4180\t0\t0\t4180\nWireless equipment rentals\t3778\t0\t0\t3778\nOther\t868\t68\t13\t949\nTotal net operating revenues\t24362\t982\t(188)\t25156\n", "q10k_tbl_34": "Consolidated balance sheets:\tDecember 31 2019\tMarch 31 2019\n\t(in millions)\t\nAccounts receivable\t183\t187\nAccounts payable and accrued expenses and other current liabilities\t74\t109\n", "q10k_tbl_35": "\tThree Months Ended\t\tNine Months Ended\t\nConsolidated statements of comprehensive (loss) income:\tDecember 31\t\tDecember 31\t\n\t2019\t2018\t2019\t2018\n\t(in millions)\t\t\t\nEquipment sales\t394\t619\t1090\t1448\nCost of equipment sales\t421\t644\t1164\t1510\n", "q10k_tbl_36": "\tDecember 31 2019\t\t\t\t\n\tParent/Issuer\tSubsidiary Guarantor\tNon-Guarantor Subsidiaries\tEliminations\tConsolidated\n\t(in millions)\t\t\t\t\nASSETS\t\t\t\t\t\nCurrent assets:\t\t\t\t\t\nCash and cash equivalents\t0\t2932\t247\t0\t3179\nShort-term investments\t0\t62\t0\t0\t62\nAccounts and notes receivable net\t233\t473\t3873\t(706)\t3873\nCurrent portion of notes receivable from consolidated affiliates\t0\t424\t0\t(424)\t0\nDevice and accessory inventory\t0\t0\t1117\t0\t1117\nPrepaid expenses and other current assets\t0\t15\t1209\t0\t1224\nTotal current assets\t233\t3906\t6446\t(1130)\t9455\nInvestments in subsidiaries\t25471\t17021\t0\t(42492)\t0\nProperty plant and equipment net\t0\t0\t20827\t0\t20827\nCosts to acquire a customer contract\t0\t0\t1808\t0\t1808\nOperating lease right-of-use assets\t0\t0\t6713\t0\t6713\nDue from consolidated affiliates\t290\t6109\t0\t(6399)\t0\nNotes receivable from consolidated affiliates\t11902\t23143\t0\t(35045)\t0\nIntangible assets\t\t\t\t\t\nGoodwill\t0\t0\t4598\t0\t4598\nFCC licenses and other\t0\t0\t41492\t0\t41492\nDefinite-lived intangible assets net\t0\t0\t918\t0\t918\nOther assets\t0\t40\t1051\t0\t1091\nTotal assets\t37896\t50219\t83853\t(85066)\t86902\nLIABILITIES AND EQUITY\t\t\t\t\t\nCurrent liabilities:\t\t\t\t\t\nAccounts payable\t0\t0\t3396\t0\t3396\nAccrued expenses and other current liabilities\t239\t346\t3456\t(706)\t3335\nCurrent operating lease liabilities\t0\t0\t1860\t0\t1860\nCurrent portion of long-term debt financing and finance lease obligations\t0\t2569\t1311\t0\t3880\nCurrent portion of notes payable to consolidated affiliates\t0\t0\t424\t(424)\t0\nTotal current liabilities\t239\t2915\t10447\t(1130)\t12471\nLong-term debt financing and finance lease obligations\t11902\t9085\t12520\t0\t33507\nLong-term operating lease liabilities\t0\t0\t5423\t0\t5423\nNotes payable to consolidated affiliates\t0\t11902\t23143\t(35045)\t0\nDeferred tax liabilities\t0\t0\t7038\t0\t7038\nOther liabilities\t0\t846\t1862\t0\t2708\nDue to consolidated affiliates\t0\t0\t6399\t(6399)\t0\nTotal liabilities\t12141\t24748\t66832\t(42574)\t61147\nCommitments and contingencies\t\t\t\t\t\nTotal stockholders' equity\t25755\t25471\t17021\t(42492)\t25755\nNoncontrolling interests\t0\t0\t0\t0\t0\nTotal equity\t25755\t25471\t17021\t(42492)\t25755\nTotal liabilities and equity\t37896\t50219\t83853\t(85066)\t86902\n", "q10k_tbl_37": "\tMarch 31 2019\t\t\t\t\n\tParent/Issuer\tSubsidiary Guarantor\tNon-Guarantor Subsidiaries\tEliminations\tConsolidated\n\t(in millions)\t\t\t\t\nASSETS\t\t\t\t\t\nCurrent assets:\t\t\t\t\t\nCash and cash equivalents\t0\t6605\t377\t0\t6982\nShort-term investments\t0\t67\t0\t0\t67\nAccounts and notes receivable net\t96\t233\t3554\t(329)\t3554\nCurrent portion of notes receivable from consolidated affiliates\t0\t424\t0\t(424)\t0\nDevice and accessory inventory\t0\t0\t999\t0\t999\nPrepaid expenses and other current assets\t0\t9\t1280\t0\t1289\nTotal current assets\t96\t7338\t6210\t(753)\t12891\nInvestments in subsidiaries\t25785\t17363\t0\t(43148)\t0\nProperty plant and equipment net\t0\t0\t21201\t0\t21201\nCosts to acquire a customer contract\t0\t0\t1559\t0\t1559\nDue from consolidated affiliates\t288\t2418\t0\t(2706)\t0\nNotes receivable from consolidated affiliates\t11883\t23567\t0\t(35450)\t0\nIntangible assets\t\t\t\t\t\nGoodwill\t0\t0\t4598\t0\t4598\nFCC licenses and other\t0\t0\t41465\t0\t41465\nDefinite-lived intangible assets net\t0\t0\t1769\t0\t1769\nOther assets\t0\t52\t1066\t0\t1118\nTotal assets\t38052\t50738\t77868\t(82057)\t84601\nLIABILITIES AND EQUITY\t\t\t\t\t\nCurrent liabilities:\t\t\t\t\t\nAccounts payable\t0\t0\t3961\t0\t3961\nAccrued expenses and other current liabilities\t97\t230\t3599\t(329)\t3597\nCurrent portion of long-term debt financing and finance lease obligations\t0\t1373\t3184\t0\t4557\nCurrent portion of notes payable to consolidated affiliates\t0\t0\t424\t(424)\t0\nTotal current liabilities\t97\t1603\t11168\t(753)\t12115\nLong-term debt financing and finance lease obligations\t11883\t10660\t12823\t0\t35366\nNotes payable to consolidated affiliates\t0\t11883\t23567\t(35450)\t0\nDeferred tax liabilities\t0\t0\t7556\t0\t7556\nOther liabilities\t0\t807\t2630\t0\t3437\nDue to consolidated affiliates\t0\t0\t2706\t(2706)\t0\nTotal liabilities\t11980\t24953\t60450\t(38909)\t58474\nCommitments and contingencies\t\t\t\t\t\nTotal stockholders' equity\t26072\t25785\t17363\t(43148)\t26072\nNoncontrolling interests\t0\t0\t55\t0\t55\nTotal equity\t26072\t25785\t17418\t(43148)\t26127\nTotal liabilities and equity\t38052\t50738\t77868\t(82057)\t84601\n", "q10k_tbl_38": "\tThree Months Ended December 31 2019\t\t\t\t\n\tParent/Issuer\tSubsidiary Guarantor\tNon-Guarantor Subsidiaries\tEliminations\tConsolidated\n\t(in millions)\t\t\t\t\nNet operating revenues:\t\t\t\t\t\nService\t0\t0\t5416\t0\t5416\nEquipment sales\t0\t0\t1372\t0\t1372\nEquipment rentals\t0\t0\t1292\t0\t1292\n\t0\t0\t8080\t0\t8080\nNet operating expenses:\t\t\t\t\t\nCost of services (exclusive of depreciation and amortization included below)\t0\t0\t1718\t0\t1718\nCost of equipment sales\t0\t0\t1646\t0\t1646\nCost of equipment rentals (exclusive of depreciation below)\t0\t0\t201\t0\t201\nSelling general and administrative\t0\t0\t2045\t0\t2045\nDepreciation - network and other\t0\t0\t1071\t0\t1071\nDepreciation - equipment rentals\t0\t0\t1011\t0\t1011\nAmortization\t0\t0\t474\t0\t474\nOther net\t0\t0\t(152)\t0\t(152)\n\t0\t0\t8014\t0\t8014\nOperating income\t0\t0\t66\t0\t66\nOther income (expense):\t\t\t\t\t\nInterest income\t227\t511\t113\t(834)\t17\nInterest expense\t(227)\t(513)\t(683)\t834\t(589)\n(Losses) earnings of subsidiaries\t(120)\t(118)\t0\t238\t0\nOther expense net\t0\t0\t(23)\t0\t(23)\n\t(120)\t(120)\t(593)\t238\t(595)\n(Loss) income before income taxes\t(120)\t(120)\t(527)\t238\t(529)\nIncome tax benefit\t0\t0\t408\t0\t408\nNet (loss) income\t(120)\t(120)\t(119)\t238\t(121)\nLess: Net loss attributable to noncontrolling interests\t0\t0\t1\t0\t1\nNet (loss) income attributable to Sprint Corporation\t(120)\t(120)\t(118)\t238\t(120)\nOther comprehensive (loss) income\t(35)\t(35)\t(37)\t72\t(35)\nComprehensive (loss) income\t(155)\t(155)\t(156)\t310\t(156)\n", "q10k_tbl_39": "\tThree Months Ended December 31 2018\t\t\t\t\n\tParent/Issuer\tSubsidiary Guarantor\tNon-Guarantor Subsidiaries\tEliminations\tConsolidated\n\t(in millions)\t\t\t\t\nNet operating revenues:\t\t\t\t\t\nService\t0\t0\t5699\t0\t5699\nEquipment sales\t0\t0\t1589\t0\t1589\nEquipment rentals\t0\t0\t1313\t0\t1313\n\t0\t0\t8601\t0\t8601\nNet operating expenses:\t\t\t\t\t\nCost of services (exclusive of depreciation and amortization included below)\t0\t0\t1648\t0\t1648\nCost of equipment sales\t0\t0\t1734\t0\t1734\nCost of equipment rentals (exclusive of depreciation below)\t0\t0\t182\t0\t182\nSelling general and administrative\t0\t0\t2003\t0\t2003\nDepreciation - network and other\t0\t0\t1088\t0\t1088\nDepreciation - equipment rentals\t0\t0\t1137\t0\t1137\nAmortization\t0\t0\t145\t0\t145\nOther net\t0\t0\t185\t0\t185\n\t0\t0\t8122\t0\t8122\nOperating income\t0\t0\t479\t0\t479\nOther income (expense):\t\t\t\t\t\nInterest income\t227\t540\t175\t(904)\t38\nInterest expense\t(227)\t(609)\t(732)\t904\t(664)\n(Losses) earnings of subsidiaries\t(141)\t(69)\t0\t210\t0\nOther expense net\t0\t(3)\t(3)\t0\t(6)\n\t(141)\t(141)\t(560)\t210\t(632)\n(Loss) income before income taxes\t(141)\t(141)\t(81)\t210\t(153)\nIncome tax benefit\t0\t0\t8\t0\t8\nNet (loss) income\t(141)\t(141)\t(73)\t210\t(145)\nLess: Net loss attributable to noncontrolling interests\t0\t0\t4\t0\t4\nNet (loss) income attributable to Sprint Corporation\t(141)\t(141)\t(69)\t210\t(141)\nOther comprehensive (loss) income\t(25)\t(25)\t0\t25\t(25)\nComprehensive (loss) income\t(166)\t(166)\t(73)\t235\t(170)\n", "q10k_tbl_40": "\tNine Months Ended December 31 2019\t\t\t\t\n\tParent/Issuer\tSubsidiary Guarantor\tNon-Guarantor Subsidiaries\tEliminations\tConsolidated\n\t(in millions)\t\t\t\t\nNet operating revenues:\t\t\t\t\t\nService\t0\t0\t16252\t0\t16252\nEquipment sales\t0\t0\t3784\t0\t3784\nEquipment rentals\t0\t0\t3981\t0\t3981\n\t0\t0\t24017\t0\t24017\nNet operating expenses:\t\t\t\t\t\nCost of services (exclusive of depreciation and amortization included below)\t0\t0\t5203\t0\t5203\nCost of equipment sales\t0\t0\t4346\t0\t4346\nCost of equipment rentals (exclusive of depreciation below)\t0\t0\t666\t0\t666\nSelling general and administrative\t0\t0\t5888\t0\t5888\nDepreciation - network and other\t0\t0\t3256\t0\t3256\nDepreciation - equipment rentals\t0\t0\t3096\t0\t3096\nAmortization\t0\t0\t698\t0\t698\nOther net\t0\t0\t106\t0\t106\n\t0\t0\t23259\t0\t23259\nOperating income\t0\t0\t758\t0\t758\nOther income (expense):\t\t\t\t\t\nInterest income\t679\t1546\t372\t(2534)\t63\nInterest expense\t(679)\t(1585)\t(2072)\t2534\t(1802)\n(Losses) earnings of subsidiaries\t(505)\t(464)\t0\t969\t0\nOther expense net\t0\t(2)\t(25)\t0\t(27)\n\t(505)\t(505)\t(1725)\t969\t(1766)\n(Loss) income before income taxes\t(505)\t(505)\t(967)\t969\t(1008)\nIncome tax benefit\t0\t0\t494\t0\t494\nNet (loss) income\t(505)\t(505)\t(473)\t969\t(514)\nLess: Net loss attributable to noncontrolling interests\t0\t0\t9\t0\t9\nNet (loss) income attributable to Sprint Corporation\t(505)\t(505)\t(464)\t969\t(505)\nOther comprehensive (loss) income\t(61)\t(61)\t(36)\t97\t(61)\nComprehensive (loss) income\t(566)\t(566)\t(509)\t1066\t(575)\n", "q10k_tbl_41": "\tNine Months Ended December 31 2018\t\t\t\t\n\tParent/Issuer\tSubsidiary Guarantor\tNon-Guarantor Subsidiaries\tEliminations\tConsolidated\n\t(in millions)\t\t\t\t\nNet operating revenues:\t\t\t\t\t\nService\t0\t0\t17201\t0\t17201\nEquipment sales\t0\t0\t4180\t0\t4180\nEquipment rentals\t0\t0\t3778\t0\t3778\n\t0\t0\t25159\t0\t25159\nNet operating expenses:\t\t\t\t\t\nCost of services (exclusive of depreciation and amortization included below)\t0\t0\t5019\t0\t5019\nCost of equipment sales\t0\t0\t4521\t0\t4521\nCost of equipment rentals (exclusive of depreciation below)\t0\t0\t457\t0\t457\nSelling general and administrative\t0\t0\t5731\t0\t5731\nDepreciation - network and other\t0\t0\t3132\t0\t3132\nDepreciation - equipment rentals\t0\t0\t3454\t0\t3454\nAmortization\t0\t0\t475\t0\t475\nOther net\t0\t0\t298\t0\t298\n\t0\t0\t23087\t0\t23087\nOperating income\t0\t0\t2072\t0\t2072\nOther income (expense):\t\t\t\t\t\nInterest income\t679\t1632\t517\t(2699)\t129\nInterest expense\t(679)\t(1755)\t(2199)\t2699\t(1934)\nEarnings (losses) of subsidiaries\t231\t337\t0\t(568)\t0\nOther income net\t0\t17\t7\t0\t24\n\t231\t231\t(1675)\t(568)\t(1781)\nIncome (loss) before income taxes\t231\t231\t397\t(568)\t291\nIncome tax expense\t0\t0\t(56)\t0\t(56)\nNet income (loss)\t231\t231\t341\t(568)\t235\nLess: Net income attributable to noncontrolling interests\t0\t0\t(4)\t0\t(4)\nNet income (loss) attributable to Sprint Corporation\t231\t231\t337\t(568)\t231\nOther comprehensive (loss) income\t(20)\t(20)\t(10)\t30\t(20)\nComprehensive income (loss)\t211\t211\t331\t(538)\t215\n", "q10k_tbl_42": "\tNine Months Ended December 31 2019\t\t\t\t\n\tParent/Issuer\tSubsidiary Guarantor\tNon-Guarantor Subsidiaries\tEliminations\tConsolidated\n\t(in millions)\t\t\t\t\nCash flows from operating activities:\t\t\t\t\t\nNet cash (used in) provided by operating activities\t0\t(197)\t6962\t0\t6765\nCash flows from investing activities:\t\t\t\t\t\nCapital expenditures - network and other\t0\t0\t(3360)\t0\t(3360)\nCapital expenditures - leased devices\t0\t0\t(5449)\t0\t(5449)\nExpenditures relating to FCC licenses\t0\t0\t(24)\t0\t(24)\nProceeds from sales and maturities of short-term investments\t0\t79\t0\t0\t79\nPurchases of short-term investments\t0\t(74)\t0\t0\t(74)\nChange in amounts due from/due to consolidated affiliates\t29\t(3560)\t0\t3531\t0\nProceeds from sales of assets and FCC licenses\t0\t0\t819\t0\t819\nProceeds from corporate owned life insurance policies\t0\t5\t0\t0\t5\nProceeds from intercompany note advance to consolidated affiliate\t0\t424\t0\t(424)\t0\nOther net\t0\t0\t(27)\t0\t(27)\nNet cash provided by (used in) investing activities\t29\t(3126)\t(8041)\t3107\t(8031)\nCash flows from financing activities:\t\t\t\t\t\nProceeds from debt and financings\t0\t0\t4731\t0\t4731\nRepayments of debt financing and finance lease obligations\t0\t(345)\t(6843)\t0\t(7188)\nDebt financing costs\t0\t(3)\t(9)\t0\t(12)\nProceeds from issuance of common stock net\t(29)\t0\t0\t0\t(29)\nAcquisition of noncontrolling interest\t0\t(3)\t(30)\t0\t(33)\nChange in amounts due from/due to consolidated affiliates\t0\t0\t3531\t(3531)\t0\nRepayments of intercompany note advance from parent\t0\t0\t(424)\t424\t0\nOther net\t0\t0\t1\t0\t1\nNet cash (used in) provided by financing activities\t(29)\t(351)\t957\t(3107)\t(2530)\nNet decrease in cash cash equivalents and restricted cash\t0\t(3674)\t(122)\t0\t(3796)\nCash cash equivalents and restricted cash beginning of period\t0\t6606\t457\t0\t7063\nCash cash equivalents and restricted cash end of period\t0\t2932\t335\t0\t3267\n", "q10k_tbl_43": "\tNine Months Ended December 31 2018\t\t\t\t\n\tParent/Issuer\tSubsidiary Guarantor\tNon-Guarantor Subsidiaries\tEliminations\tConsolidated\n\t(in millions)\t\t\t\t\nCash flows from operating activities:\t\t\t\t\t\nNet cash (used in) provided by operating activities\t0\t(408)\t7990\t0\t7582\nCash flows from investing activities:\t\t\t\t\t\nCapital expenditures - network and other\t0\t0\t(3814)\t0\t(3814)\nCapital expenditures - leased devices\t0\t0\t(5739)\t0\t(5739)\nExpenditures relating to FCC licenses\t0\t0\t(145)\t0\t(145)\nProceeds from sales and maturities of short-term investments\t0\t6619\t0\t0\t6619\nPurchases of short-term investments\t0\t(5152)\t0\t0\t(5152)\nChange in amounts due from/due to consolidated affiliates\t(253)\t(1285)\t0\t1538\t0\nProceeds from sales of assets and FCC licenses\t0\t0\t416\t0\t416\nProceeds from deferred purchase price from sale of receivables\t0\t0\t223\t0\t223\nProceeds from corporate owned life insurance policies\t0\t110\t0\t0\t110\nProceeds from intercompany note advance to consolidated affiliate\t0\t424\t0\t(424)\t0\nOther net\t0\t0\t52\t0\t52\nNet cash (used in) provided by investing activities\t(253)\t716\t(9007)\t1114\t(7430)\nCash flows from financing activities:\t\t\t\t\t\nProceeds from debt and financings\t0\t1100\t5316\t0\t6416\nRepayments of debt financing and finance lease obligations\t0\t(1783)\t(5154)\t0\t(6937)\nDebt financing costs\t(28)\t(47)\t(211)\t0\t(286)\nProceeds from issuance of common stock net\t281\t0\t0\t0\t281\nChange in amounts due from/due to consolidated affiliates\t0\t0\t1538\t(1538)\t0\nRepayments of intercompany note advance from parent\t0\t0\t(424)\t424\t0\nNet cash provided by (used in) financing activities\t253\t(730)\t1065\t(1114)\t(526)\nNet (decrease) increase in cash cash equivalents and restricted cash\t0\t(422)\t48\t0\t(374)\nCash cash equivalents and restricted cash beginning of period\t0\t6222\t437\t0\t6659\nCash cash equivalents and restricted cash end of period\t0\t5800\t485\t0\t6285\n", "q10k_tbl_44": "\tDecember 31 2019\tMarch 31 2019\n\t(in millions)\t\nCash and cash equivalents\t3179\t6982\nRestricted cash in Other assets(1)\t88\t81\nCash cash equivalents and restricted cash\t3267\t7063\n", "q10k_tbl_45": "\tThree Months Ended\t\tNine Months Ended\t\n\tDecember 31\t\tDecember 31\t\n\t2019\t2018\t2019\t2018\n\t(in millions)\t\t\t\nWireless segment earnings\t2535\t3111\t8134\t9705\nWireline segment earnings (loss)\t12\t(16)\t7\t(78)\nCorporate other and eliminations\t1\t6\t3\t10\nConsolidated segment earnings\t2548\t3101\t8144\t9637\nDepreciation - network and other\t(1071)\t(1088)\t(3256)\t(3132)\nDepreciation - equipment rentals\t(1011)\t(1137)\t(3096)\t(3454)\nAmortization\t(474)\t(145)\t(698)\t(475)\nOther net\t74\t(252)\t(336)\t(504)\nOperating income\t66\t479\t758\t2072\nInterest expense\t(589)\t(664)\t(1802)\t(1934)\nOther (expense) income net\t(6)\t32\t36\t153\nIncome tax benefit (expense)\t408\t8\t494\t(56)\nNet (loss) income\t(121)\t(145)\t(514)\t235\n", "q10k_tbl_46": "\tThree Months Ended\t\tNine Months Ended\t\n\tDecember 31\t\tDecember 31\t\n\t2019\t2018\t2019\t2018\n\t(in millions)\t\t\t\nSeverance and exit costs\t(20)\t(30)\t(66)\t(63)\nLitigation benefit (costs) and other contingencies\t270\t(50)\t270\t(50)\nLoss on disposal of property plant and equipment net\t(26)\t(117)\t(26)\t(185)\nGains from asset dispositions and exchanges\t4\t12\t4\t12\nPartial pension settlement\t(57)\t0\t(57)\t0\nMerger costs\t(78)\t(67)\t(230)\t(216)\nAsset impairments\t(19)\t0\t(231)\t0\nContract termination costs\t0\t0\t0\t(34)\nHurricane-related reimbursements\t0\t0\t0\t32\nTotal\t74\t(252)\t(336)\t(504)\n", "q10k_tbl_47": "\tThree Months Ended\t\tNine Months Ended\t\n\tDecember 31\t\tDecember 31\t\nWireless Segment Earnings\t2019\t2018\t2019\t2018\n\t(in millions)\t\t\t\nPostpaid(1)\t4229\t4236\t12646\t12676\nPrepaid\t740\t924\t2375\t2860\nRetail service revenue\t4969\t5160\t15021\t15536\nWholesale affiliate and other\t226\t289\t541\t868\nTotal service revenue\t5195\t5449\t15562\t16404\nEquipment sales\t1372\t1589\t3784\t4180\nEquipment rentals\t1292\t1313\t3981\t3778\nTotal net operating revenues\t7859\t8351\t23327\t24362\nCost of services (exclusive of depreciation and amortization)\t(1554)\t(1439)\t(4664)\t(4340)\nCost of equipment sales\t(1646)\t(1734)\t(4346)\t(4521)\nCost of equipment rentals (exclusive of depreciation)\t(201)\t(182)\t(666)\t(457)\nSelling general and administrative expense\t(1923)\t(1885)\t(5517)\t(5339)\nTotal net operating expenses\t(5324)\t(5240)\t(15193)\t(14657)\nWireless segment earnings\t2535\t3111\t8134\t9705\n", "q10k_tbl_48": "\tThree Months Ended\t\tNine Months Ended\t\n\tDecember 31\t\tDecember 31\t\n\t2019\t2018\t2019\t2018\n\t(subscribers in thousands)\t\t\t\nAverage postpaid subscribers\t33544\t32361\t33222\t32218\nAverage prepaid subscribers\t8327\t8918\t8532\t8976\nAverage retail subscribers\t41871\t41279\t41754\t41194\n", "q10k_tbl_49": "\tThree Months Ended\t\tNine Months Ended\t\n\tDecember 31\t\tDecember 31\t\n\t2019\t2018\t2019\t2018\nARPU(1):\t\t\t\t\nPostpaid\t42.02\t43.64\t42.29\t43.73\nPrepaid\t29.63\t34.53\t30.93\t35.40\nAverage retail\t39.56\t41.67\t39.97\t41.90\n", "q10k_tbl_50": "\tJune 30 2018\tSept 30 2018\tDec 31 2018\tMarch 31 2019\tJune 30 2019\tSept 30 2019\tDec 31 2019\nNet additions (losses) (in thousands)(1)\t\t\t\t\t\t\t\nPostpaid\t123\t109\t309\t169\t134\t273\t494\nPrepaid\t3\t(14)\t(173)\t(30)\t(169)\t(207)\t(174)\nWholesale and affiliates)\t(69\t(115)\t(88)\t(147)\t(140)\t(462)\t(71)\nTotal Wireless\t57\t(20)\t48\t(8)\t(175)\t(396)\t249\nEnd of period subscribers (in thousands)(1)\t\t\t\t\t\t\t\nPostpaid(2)(3)(4)(5)\t32187\t32296\t32605\t32774\t33075\t33348\t33842\nPrepaid(3)(4)\t9033\t9019\t8846\t8816\t8647\t8440\t8266\nWholesale and affiliates(2)(4)(5)(6)(7)\t13347\t13232\t13044\t12897\t12590\t12128\t12057\nTotal Wireless\t54567\t54547\t54495\t54487\t54312\t53916\t54165\nSupplemental data - connected devices\t\t\t\t\t\t\t\nEnd of period subscribers (in thousands)(2)\t\t\t\t\t\t\t\nRetail postpaid\t2429\t2585\t2821\t3121\t3453\t3718\t4050\nWholesale and affiliates\t10963\t10838\t10563\t10384\t9968\t9585\t9419\nTotal\t13392\t13423\t13384\t13505\t13421\t13303\t13469\n", "q10k_tbl_51": "\tJune 30 2018\tSept 30 2018\tDec 31 2018\tMarch 31 2019\tJune 30 2019\tSept 30 2019\tDec 31 2019\nMonthly subscriber churn rate(1)\t\t\t\t\t\t\t\nPostpaid%\t1.63\t1.78%\t1.85%\t1.81%\t1.74%\t1.87%\t1.98%\nPrepaid%\t4.17\t4.74%\t4.83%\t4.37%\t4.23%\t4.94%\t4.92%\n", "q10k_tbl_52": "\tJune 30 2018\tSept 30 2018\tDec 31 2018\tMarch 31 2019\tJune 30 2019\tSept 30 2019\tDec 31 2019\nARPU\t\t\t\t\t\t\t\nPostpaid\t43.55\t43.99\t43.64\t43.25\t42.57\t42.30\t42.02\nPrepaid\t36.27\t35.40\t34.53\t33.67\t32.15\t30.97\t29.63\n", "q10k_tbl_53": "\tThree Months Ended\t\tNine Months Ended\t\n\tDecember 31\t\tDecember 31\t\nWireline Segment Earnings (Loss)\t2019\t2018\t2019\t2018\n\t(in millions)\t\t\t\nTotal net service revenues\t296\t316\t903\t982\nCost of services\t(238)\t(280)\t(756)\t(886)\nSelling general and administrative expense\t(46)\t(52)\t(140)\t(174)\nTotal net operating expenses\t(284)\t(332)\t(896)\t(1060)\nWireline segment earnings (loss)\t12\t(16)\t7\t(78)\n", "q10k_tbl_54": "\tNine Months Ended\t\n\tDecember 31\t\n\t2019\t2018\n\t(in millions)\t\nNet cash provided by operating activities\t6765\t7582\nNet cash used in investing activities\t(8031)\t(7430)\nNet cash used in financing activities\t(2530)\t(526)\n", "q10k_tbl_55": "Exhibit No.\tExhibit Description\tForm\tIncorporated by Reference\t\t\tFiled/Furnished Herewith\nSEC File No.\tExhibit\t\tFiling Date\n(2) Plan of Acquisition Reorganization Arrangement Liquidation or Succession\t\t\t\t\t\t\n2.1**\tBusiness Combination Agreement dated as of April 29 2018 by and among T-Mobile US Inc. Huron Merger Sub LLC Superior Merger Sub Corp. Sprint Corporation Starburst I Inc. Galaxy Investment Holdings Inc. and for the limited purposes set forth therein Deutsche Telekom AG Deutsche Telekom Holding B.V. and SoftBank Group. Corp.\t8-K\t001-04721\t2.1\t4/30/2018\t\n2.2***\tAmendment No. 1 dated as of July 26 2019 to the Business Combination Agreement dated as of April 29 2018 by and among T-Mobile US Inc. Huron Merger Sub LLC Superior Merger Sub Corporation Sprint Corporation Starburst I Inc. Galaxy Investment Holdings Inc. and for the limited purposes set forth therein Deutsche Telekom AG Deutsche Telekom Holding B.V. and SoftBank Group Corp.\t8-K\t001-04721\t2.2\t7/26/2019\t\n2.3***\tAsset Purchase Agreement dated as of July 26 2019 by and among T-Mobile US Inc. Sprint Corporation and DISH Network Corporation.\t8-K\t001-04721\t2.1\t7/26/2019\t\n(3) Articles of Incorporation and Bylaws\t\t\t\t\t\t\n3.1\tAmended and Restated Certificate of Incorporation\t8-K\t001-04721\t3.1\t7/11/2013\t\n3.2\tAmended and Restated Bylaws\t8-K\t001-04721\t3.2\t8/7/2013\t\n(4) Instruments Defining the Rights of Security Holders including Indentures\t\t\t\t\t\t\n4.1\tFifteenth Supplemental Indenture dated as of December 6 2019 by and among Sprint Communications Inc PRWireless PR LLC PRWireless Holdco LLC Sprint PR LLC Sprint PR Spectrum LLC and The Bank of New York Mellon Trust Company.\t\t\t\t\t*\n(31) and (32) Officer Certifications\t\t\t\t\t\t\n31.1\tCertification of Chief Executive Officer Pursuant to Securities Exchange Act of 1934 Rule 13a-14(a)\t\t\t\t\t*\n31.2\tCertification of Chief Financial Officer Pursuant to Securities Exchange Act of 1934 Rule 13a-14(a)\t\t\t\t\t*\n32.1\tCertification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350 As Adopted Pursuant to Section 906 of the Sarbanes Oxley Act of 2002\t\t\t\t\t*\n32.2\tCertification of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350 As Adopted Pursuant to Section 906 of the Sarbanes Oxley Act of 2002\t\t\t\t\t*\n(101) Formatted in XBRL (Extensible Business Reporting Language)\t\t\t\t\t\t\n101.INS\tXBRL Instance Document - the instance document does not appear in the interactive data file because its XBRL tags are embedded within the Inline XBRL document.\t\t\t\t\t\n101.SCH\tXBRL Taxonomy Extension Schema Document\t\t\t\t\t*\n101.CAL\tXBRL Taxonomy Extension Calculation Linkbase Document\t\t\t\t\t*\n101.DEF\tXBRL Taxonomy Extension Definition Linkbase Document\t\t\t\t\t*\n101.LAB\tXBRL Taxonomy Extension Label Linkbase Document\t\t\t\t\t*\n101.PRE\tXBRL Taxonomy Extension Presentation Linkbase Document\t\t\t\t\t*\n"}{"bs": "q10k_tbl_2", "is": "q10k_tbl_38", "cf": "q10k_tbl_4"}None
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended December 31, 2019
or
☐
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
Commission File number 1-04721
—————————————————————
SPRINT CORPORATION
(Exact name of registrant as specified in its charter)
—————————————————————
Delaware
46-1170005
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)
6200 Sprint Parkway,
Overland Park,
Kansas
66251
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code: (913) 794-1091
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol
Name of each exchange on which registered
Common stock, $0.01 par value
S
New York Stock Exchange
—————————————————————
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yesx No o
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yesx No o
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer
☒
Accelerated filer
☐
Non-accelerated filer
☐
Smaller reporting company
☐
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No x
On November 1, 2019, we acquired PRWireless PR, Inc’s. member shares in PRWireless Holdco, LLC for cash consideration of $33 million making Sprint the sole shareholder of PRWireless Holdco, LLC and removing the noncontrolling interest.
See Notes to the Consolidated Financial Statements