Guarantor Financial Information (Tables)

6 Months Ended

Sep. 30, 2014

Condensed Balance Sheet Statements, Captions [Line Items]

Condensed Balance Sheet [Table Text Block]

CONDENSED CONSOLIDATING BALANCE SHEET

Successor
	As of September 30, 2014
	Parent/Issuer		Subsidiary Guarantor		Non-Guarantor Subsidiaries		Eliminations			Consolidated
	(in millions)
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	3,488	$	647	$	—		$	4,135
Short-term investments	—		1,132		35		—			1,167
Accounts and notes receivable, net	73		67		3,942		(140		)	3,942
Device and accessory inventory	—		—		1,124		—			1,124
Deferred tax assets	—		—		90		—			90
Prepaid expenses and other current assets	—		16		796		—			812
Total current assets	73		4,703		6,634		(140		)	11,270
Investments	—		1,114		58		(1,019		)	153
Investments in subsidiaries	24,665		24,983		—		(49,648		)	—
Property, plant and equipment, net	—		—		17,557		—			17,557
Due from consolidated affiliate	—		18,703		—		(18,703		)	—
Note receivable from consolidated affiliate	9,000		—		—		(9,000		)	—
Intangible assets
Goodwill	—		—		6,343		—			6,343
FCC licenses and other	—		—		41,800		—			41,800
Definite-lived intangible assets, net	—		—		6,696		—			6,696
Other assets	126		126		765		(126		)	891
Total assets	$	33,864	$	49,629	$	79,853	$	(78,636	)	$	84,710
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	—	$	—	$	4,351	$	—		$	4,351
Accrued expenses and other current liabilities	75		482		5,022		(140		)	5,439
Current portion of long-term debt, financing and capital lease obligations	—		—		808		—			808
Total current liabilities	75		482		10,181		(140		)	10,598
Long-term debt, financing and capital lease obligations	9,000		14,903		8,574		(1,019		)	31,458
Deferred tax liabilities	—		—		14,331		—			14,331
Note payable due to consolidated affiliate	—		9,000		—		(9,000		)	—
Other liabilities	—		579		3,081		—			3,660
Due to consolidated affiliate	126		—		18,703		(18,829		)	—
Total liabilities	9,201		24,964		54,870		(28,988		)	60,047
Commitments and contingencies
Total stockholders' equity	24,663		24,665		24,983		(49,648		)	24,663
Total liabilities and stockholders' equity	$	33,864	$	49,629	$	79,853	$	(78,636	)	$	84,710

CONDENSED CONSOLIDATING BALANCE SHEET

Successor
	As of March 31, 2014
	Parent/Issuer		Subsidiary Guarantor		Non-Guarantor Subsidiaries		Eliminations			Consolidated
	(in millions)
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	4,125	$	845	$	—		$	4,970
Short-term investments	—		1,220		—		—			1,220
Accounts and notes receivable, net	74		27		3,607		(101		)	3,607
Device and accessory inventory	—		—		982		—			982
Deferred tax assets	—		—		128		—			128
Prepaid expenses and other current assets	—		14		658		—			672
Total current assets	74		5,386		6,220		(101		)	11,579
Investments	—		1,104		61		(1,019		)	146
Investments in subsidiaries	25,316		25,588		—		(50,904		)	—
Property, plant and equipment, net	—		—		16,299		—			16,299
Due from consolidated affiliate	—		18,234		—		(18,234		)	—
Note receivable from consolidated affiliate	9,000		—		—		(9,000		)	—
Intangible assets
Goodwill	—		—		6,383		—			6,383
FCC licenses and other	—		—		41,978		—			41,978
Definite-lived intangible assets, net	—		—		7,558		—			7,558
Other assets	133		133		613		(133		)	746
Total assets	$	34,523	$	50,445	$	79,112	$	(79,391	)	$	84,689
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	—	$	—	$	3,163	$	—		$	3,163
Accrued expenses and other current liabilities	78		493		5,074		(101		)	5,544
Current portion of long-term debt, financing and capital lease obligations	—		—		991		—			991
Total current liabilities	78		493		9,228		(101		)	9,698
Long-term debt, financing and capital lease obligations	9,000		15,027		8,779		(1,019		)	31,787
Deferred tax liabilities	—		—		14,207		—			14,207
Note payable due to consolidated affiliate	—		9,000		—		(9,000		)	—
Other liabilities	—		609		3,076		—			3,685
Due to consolidated affiliate	133		—		18,234		(18,367		)	—
Total liabilities	9,211		25,129		53,524		(28,487		)	59,377
Commitments and contingencies
Total stockholders' equity	25,312		25,316		25,588		(50,904		)	25,312
Total liabilities and stockholders' equity	$	34,523	$	50,445	$	79,112	$	(79,391	)	$	84,689

Condensed Income Statement [Table Text Block]

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE LOSS

Successor
	For the Three Months Ended September 30, 2014
	Parent/Issuer			Subsidiary Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Net operating revenues	$	—		$	—		$	8,488		$	—		$	8,488
Net operating expenses:
Cost of services and products (exclusive of depreciation and amortization included below)	—			—			4,801			—			4,801
Selling, general and administrative	—			—			2,301			—			2,301
Severance and exit costs	—			—			284			—			284
Depreciation	—			—			898			—			898
Amortization	—			—			396			—			396
	—			—			8,680			—			8,680
Operating loss	—			—			(192		)	—			(192		)
Other income (expense):
Interest income	169			23			1			(189		)	4
Interest expense	(169		)	(364		)	(166		)	189			(510		)
(Losses) earnings of subsidiaries	(765		)	(424		)	—			1,189			—
Other income, net	—			—			4			—			4
	(765		)	(765		)	(161		)	1,189			(502		)
(Loss) income before income taxes	(765		)	(765		)	(353		)	1,189			(694		)
Income tax expense	—			—			(71		)	—			(71		)
Net (loss) income	(765		)	(765		)	(424		)	1,189			(765		)
Other comprehensive (loss) income	(7		)	(7		)	(1		)	8			(7		)
Comprehensive (loss) income	$	(772	)	$	(772	)	$	(425	)	$	1,197		$	(772	)

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE LOSS

Successor
	For the Three Months Ended September 30, 2013
	Parent/Issuer			Subsidiary Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Net operating revenues	$	—		$	—		$	7,749		$	—		$	7,749
Net operating expenses:
Cost of services and products (exclusive of depreciation and amortization included below)	—			—			4,342			—			4,342
Selling, general and administrative	—			—			2,259			—			2,259
Severance and exit costs	—			—			103			—			103
Depreciation	—			—			942			—			942
Amortization	—			—			461			—			461
	—			—			8,107			—			8,107
Operating loss	—			—			(358		)	—			(358		)
Other income (expense):
Interest income	27			20			2			(45		)	4
Interest expense	(26		)	(214		)	(221		)	45			(416		)
(Losses) earnings of subsidiaries	(795		)	(603		)	—			1,398			—
Other income, net	159			2			—			—			161
	(635		)	(795		)	(219		)	1,398			(251		)
(Loss) income before income taxes	(635		)	(795		)	(577		)	1,398			(609		)
Income tax expense	(64		)	—			(26		)	—			(90		)
Net (loss) income	(699		)	(795		)	(603		)	1,398			(699		)
Other comprehensive income (loss)	4			4			—			(4		)	4
Comprehensive (loss) income	$	(695	)	$	(791	)	$	(603	)	$	1,394		$	(695	)

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE LOSS

Successor
	For the Six Months Ended September 30, 2014
	Parent/Issuer			Subsidiary Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Net operating revenues	$	—		$	—		$	17,277		$	—		$	17,277
Net operating expenses:
Cost of services and products (exclusive of depreciation and amortization included below)	—			—			9,479			—			9,479
Selling, general and administrative	—			—			4,585			—			4,585
Severance and exit costs	—			—			311			—			311
Depreciation	—			—			1,766			—			1,766
Amortization	—			—			809			—			809
	—			—			16,950			—			16,950
Operating income	—			—			327			—			327
Other income (expense):
Interest income	338			46			1			(378		)	7
Interest expense	(338		)	(732		)	(330		)	378			(1,022		)
(Losses) earnings of subsidiaries	(742		)	(56		)	—			798			—
Other income, net	—			—			2			—			2
	(742		)	(742		)	(327		)	798			(1,013		)
(Loss) income before income taxes	(742		)	(742		)	—			798			(686		)
Income tax expense	—			—			(56		)	—			(56		)
Net (loss) income	(742		)	(742		)	(56		)	798			(742		)
Other comprehensive (loss) income	(7		)	(7		)	(1		)	8			(7		)
Comprehensive (loss) income	$	(749	)	$	(749	)	$	(57	)	$	806		$	(749	)

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE LOSS

Successor
	For the Six Months Ended September 30, 2013
	Parent/Issuer			Subsidiary Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Net operating revenues	$	—		$	—		$	7,749		$	—		$	7,749
Net operating expenses:
Cost of services and products (exclusive of depreciation and amortization included below)	—			—			4,342			—			4,342
Selling, general and administrative	22			—			2,259			—			2,281
Severance and exit costs	—			—			103			—			103
Depreciation	—			—			942			—			942
Amortization	—			—			461			—			461
	22			—			8,107			—			8,129
Operating loss	(22		)	—			(358		)	—			(380		)
Other income (expense):
Interest income	41			20			1			(45		)	17
Interest expense	(26		)	(214		)	(221		)	45			(416		)
(Losses) earnings of subsidiaries	(795		)	(603		)	—			1,398			—
Other (expense) income, net	(8		)	2			1			—			(5		)
	(788		)	(795		)	(219		)	1,398			(404		)
(Loss) income before income taxes	(810		)	(795		)	(577		)	1,398			(784		)
Income tax expense	(3		)	—			(26		)	—			(29		)
Net (loss) income	(813		)	(795		)	(603		)	1,398			(813		)
Other comprehensive income (loss)	100			100			—			(100		)	100
Comprehensive (loss) income	$	(713	)	$	(695	)	$	(603	)	$	1,298		$	(713	)

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE LOSS

Predecessor
	For the 10 Days Ended July 10, 2013
	Subsidiary Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Net operating revenues	$	—		$	932		$	—		$	932
Net operating expenses:
Cost of services and products (exclusive of depreciation and amortization included below)	—			567			—			567
Selling, general and administrative	—			289			—			289
Severance and exit costs	—			(5		)	—			(5		)
Depreciation	—			113			—			113
Amortization	—			8			—			8
	—			972			—			972
Operating loss	—			(40		)	—			(40		)
Other income (expense):
Interest income	3			—			(2		)	1
Interest expense	(259		)	(18		)	2			(275		)
Equity in losses of unconsolidated investments, net	—			(23		)	—			(23		)
Gain on previously-held equity interests	—			2,926			—			2,926
Earnings (losses) of subsidiaries	1,338			—			(1,338		)	—
Other income, net	—			1			—			1
	1,082			2,886			(1,338		)	2,630
Income (loss) before income taxes	1,082			2,846			(1,338		)	2,590
Income tax expense	—			(1,508		)	—			(1,508		)
Net income (loss)	1,082			1,338			(1,338		)	1,082
Other comprehensive (loss) income	(42		)	5			(5		)	(42		)
Comprehensive income (loss)	$	1,040		$	1,343		$	(1,343	)	$	1,040

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE LOSS

Predecessor
	For the 101 Days Ended July 10, 2013
	Subsidiary Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Net operating revenues	$	—		$	9,809		$	—		$	9,809
Net operating expenses:
Cost of services and products (exclusive of depreciation and amortization included below)	—			5,612			—			5,612
Selling, general and administrative	—			2,731			—			2,731
Severance and exit costs	—			627			—			627
Depreciation	—			1,676			—			1,676
Amortization	—			77			—			77
	—			10,723			—			10,723
Operating loss	—			(914		)	—			(914		)
Other income (expense):
Interest income	32			8			(22		)	18
Interest expense	(550		)	(175		)	22			(703		)
Equity in losses of unconsolidated investments, net	—			(280		)	—			(280		)
Gain on previously-held equity interests	—			2,926			—			2,926
Earnings (losses) of subsidiaries	3			—			(3		)	—
Other income, net	—			1			—			1
	(515		)	2,480			(3		)	1,962
(Loss) income before income taxes	(515		)	1,566			(3		)	1,048
Income tax expense	—			(1,563		)	—			(1,563		)
Net (loss) income	(515		)	3			(3		)	(515		)
Other comprehensive income (loss)	9			20			(20		)	9
Comprehensive (loss) income	$	(506	)	$	23		$	(23	)	$	(506	)

Condensed Cash Flow Statement [Table Text Block]

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Successor
	For the Six Months Ended September 30, 2014
	Parent/Issuer		Subsidiary Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Cash flows from operating activities:
Net cash (used in) provided by operating activities	$	—	$	(679	)	$	2,586		$	(200	)	$	1,707
Cash flows from investing activities:
Capital expenditures	—		—			(2,389		)	—			(2,389		)
Expenditures relating to FCC licenses	—		—			(79		)	—			(79		)
Reimbursements relating to FCC licenses	—		—			95			—			95
Proceeds from sales and maturities of short-term investments	—		1,842			—			—			1,842
Purchases of short-term investments	—		(1,754		)	(35		)	—			(1,789		)
Change in amounts due from/due to consolidated affiliates	—		(92		)	—			92			—
Proceeds from sales of assets and FCC licenses	—		—			101			—			101
Other, net	—		—			(6		)	—			(6		)
Net cash (used in) provided by investing activities	—		(4		)	(2,313		)	92			(2,225		)
Cash flows from financing activities:
Repayments of debt, financing and capital lease obligations	—		—			(363		)	—			(363		)
Proceeds from issuance of common stock, net	—		46			—			—			46
Intercompany dividends paid to parent	—		—			(200		)	200			—
Change in amounts due from/due to consolidated affiliates	—		—			92			(92		)	—
Net cash provided by (used in) financing activities	—		46			(471		)	108			(317		)
Net decrease in cash and cash equivalents	—		(637		)	(198		)	—			(835		)
Cash and cash equivalents, beginning of period	—		4,125			845			—			4,970
Cash and cash equivalents, end of period	$	—	$	3,488		$	647		$	—		$	4,135

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Successor
	For the Six Months Ended September 30, 2013
	Parent/Issuer			Subsidiary Guarantor			Non- Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	11		$	150		$	891		$	(350	)	$	702
Cash flows from investing activities:
Capital expenditures	—			—			(1,878		)	—			(1,878		)
Expenditures relating to FCC licenses	—			—			(31		)	—			(31		)
Acquisitions, net of cash acquired	(16,640		)	2,528			—			—			(14,112		)
Proceeds from sales and maturities of short-term investments	—			329			150			—			479
Purchases of short-term investments	(200		)	(615		)	—			—			(815		)
Increase in restricted cash	—			(2,655		)	(395		)	—			(3,050		)
Change in amounts due from/due to consolidated affiliates	—			(2,542		)	—			2,542			—
Investment in consolidated affiliate	(1,600		)	—			—			1,600			—
Proceeds from sales of assets and FCC licenses	—			—			3			—			3
Intercompany note advance to consolidated affiliate	(6,401		)	—			—			6,401			—
Other, net	—			—			(3		)	—			(3		)
Net cash (used in) provided by investing activities	(24,841		)	(2,955		)	(2,154		)	10,543			(19,407		)
Cash flows from financing activities:
Proceeds from debt and financings	6,500			—			326			—			6,826
Repayments of debt and capital lease obligations	—			—			(497		)	—			(497		)
Debt financing costs	(99		)	—			(8		)	—			(107		)
Proceeds from issuance of common stock, net	18,540			12			—			—			18,552
Intercompany dividends paid to parent	—			—			(350		)	350			—
Change in amounts due from/due to consolidated affiliates	—			—			2,542			(2,542		)	—
Intercompany note advance from parent	—			6,401			—			(6,401		)	—
Equity contribution from parent	—			1,600			—			(1,600		)	—
Other, net	(14		)	—			—			—			(14		)
Net cash provided by (used in) financing activities	24,927			8,013			2,013			(10,193		)	24,760
Net increase in cash and cash equivalents	97			5,208			750			—			6,055
Cash and cash equivalents, beginning of period	3			—			—			—			3
Cash and cash equivalents, end of period	$	100		$	5,208		$	750		$	—		$	6,058

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Predecessor
	For the 101 Days Ended July 10, 2013
	Subsidiary Guarantor			Non- Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Cash flows from operating activities:
Net cash (used in) provided by operating activities	$	(349	)	$	2,080		$	—		$	1,731
Cash flows from investing activities:
Capital expenditures	—			(1,759		)	—			(1,759		)
Expenditures relating to FCC licenses	—			(70		)	—			(70		)
Acquisitions, net of cash acquired	(4,039		)	—			—			(4,039		)
Investment in Clearwire (including debt securities)	—			(228		)	—			(228		)
Proceeds from sales and maturities of short-term investments	1,164			—			—			1,164
Purchases of short-term investments	(295		)	—			—			(295		)
Change in amounts due from/due to consolidated affiliates	(136		)	—			136			—
Proceeds from sales of assets and FCC licenses	—			4			—			4
Other, net	—			(4		)	—			(4		)
Net cash (used in) provided by investing activities	(3,306		)	(2,057		)	136			(5,227		)
Cash flows from financing activities:
Repayments of debt and capital lease obligations	—			(303		)	—			(303		)
Debt financing costs	(1		)	—			—			(1		)
Proceeds from issuance of common stock, net	53			—			—			53
Change in amounts due from/due to consolidated affiliates	—			136			(136		)	—
Net cash provided by (used in) financing activities	52			(167		)	(136		)	(251		)
Net decrease in cash and cash equivalents	(3,603		)	(144		)	—			(3,747		)
Cash and cash equivalents, beginning of period	5,124			1,151			—			6,275
Cash and cash equivalents, end of period	$	1,521		$	1,007		$	—		$	2,528