Guarantor Financial Information (Tables)

3 Months Ended

Jun. 30, 2018

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheet

CONDENSED CONSOLIDATING BALANCE SHEET

	June 30, 2018
	Parent/Issuer		Subsidiary Guarantor		Non-Guarantor Subsidiaries		Eliminations			Consolidated
	(in millions)
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	3,962	$	416	$	—		$	4,378
Short-term investments	—		4,008		—		—			4,008
Accounts and notes receivable, net	236		481		3,492		(717		)	3,492
Current portion of notes receivable from consolidated affiliates	—		424		—		(424		)	—
Device and accessory inventory	—		—		622		—			622
Prepaid expenses and other current assets	3		12		880		—			895
Total current assets	239		8,887		5,410		(1,141		)	13,395
Investments in subsidiaries	27,885		18,777		—		(46,662		)	—
Property, plant and equipment, net	—		—		20,538		—			20,538
Costs to acquire a customer contract	—		—		1,294		—			1,294
Due from consolidated affiliates	6		1,711		—		(1,717		)	—
Notes receivable from consolidated affiliates	11,864		23,567		—		(35,431		)	—
Intangible assets
Goodwill	—		—		6,586		—			6,586
FCC licenses and other	—		—		41,368		—			41,368
Definite-lived intangible assets, net	—		—		2,245		—			2,245
Other assets	—		198		825		—			1,023
Total assets	$	39,994	$	53,140	$	78,266	$	(84,951	)	$	86,449
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	—	$	—	$	3,143	$	—		$	3,143
Accrued expenses and other current liabilities	237		414		3,724		(717		)	3,658
Current portion of long-term debt, financing and capital lease obligations	—		1,817		3,029		—			4,846
Current portion of notes payable to consolidated affiliates	—		—		424		(424		)	—
Total current liabilities	237		2,231		10,320		(1,141		)	11,647
Long-term debt, financing and capital lease obligations	11,864		10,348		13,559		—			35,771
Notes payable to consolidated affiliates	—		11,864		23,567		(35,431		)	—
Deferred tax liabilities	—		—		7,704		—			7,704
Other liabilities	—		812		2,570		—			3,382
Due to consolidated affiliates	—		—		1,717		(1,717		)	—
Total liabilities	12,101		25,255		59,437		(38,289		)	58,504
Commitments and contingencies
Total stockholders' equity	27,893		27,885		18,777		(46,662		)	27,893
Noncontrolling interests	—		—		52		—			52
Total equity	27,893		27,885		18,829		(46,662		)	27,945
Total liabilities and equity	$	39,994	$	53,140	$	78,266	$	(84,951	)	$	86,449

CONDENSED CONSOLIDATING BALANCE SHEET

	March 31, 2018
	Parent/Issuer		Subsidiary Guarantor		Non-Guarantor Subsidiaries		Eliminations			Consolidated
	(in millions)
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	6,222	$	388	$	—		$	6,610
Short-term investments	—		2,354		—		—			2,354
Accounts and notes receivable, net	99		248		3,711		(347		)	3,711
Current portion of notes receivable from consolidated affiliates	—		424		—		(424		)	—
Device and accessory inventory	—		—		1,003		—			1,003
Prepaid expenses and other current assets	5		9		561		—			575
Total current assets	104		9,257		5,663		(771		)	14,253
Investments in subsidiaries	26,351		18,785		—		(45,136		)	—
Property, plant and equipment, net	—		—		19,925		—			19,925
Due from consolidated affiliates	1		—		594		(595		)	—
Notes receivable from consolidated affiliates	11,887		23,991		—		(35,878		)	—
Intangible assets
Goodwill	—		—		6,586		—			6,586
FCC licenses and other	—		—		41,309		—			41,309
Definite-lived intangible assets, net	—		—		2,465		—			2,465
Other assets	—		185		736		—			921
Total assets	$	38,343	$	52,218	$	77,278	$	(82,380	)	$	85,459
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	—	$	—	$	3,409	$	—		$	3,409
Accrued expenses and other current liabilities	100		341		3,868		(347		)	3,962
Current portion of long-term debt, financing and capital lease obligations	—		1,832		1,597		—			3,429
Current portion of notes payable to consolidated affiliates	—		—		424		(424		)	—
Total current liabilities	100		2,173		9,298		(771		)	10,800
Long-term debt, financing and capital lease obligations	11,887		10,381		15,195		—			37,463
Notes payable to consolidated affiliates	—		11,887		23,991		(35,878		)	—
Deferred tax liabilities	—		—		7,294		—			7,294
Other liabilities	—		831		2,652		—			3,483
Due to consolidated affiliates	—		595		—		(595		)	—
Total liabilities	11,987		25,867		58,430		(37,244		)	59,040
Commitments and contingencies
Total stockholders' equity	26,356		26,351		18,785		(45,136		)	26,356
Noncontrolling interests	—		—		63		—			63
Total equity	26,356		26,351		18,848		(45,136		)	26,419
Total liabilities and equity	$	38,343	$	52,218	$	77,278	$	(82,380	)	$	85,459

Condensed Income Statement

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

	Three Months Ended June 30, 2018
	Parent/Issuer			Subsidiary Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Net operating revenues:
Service revenue	$	—		$	—		$	5,740		$	—		$	5,740
Equipment sales	—			—			1,173			—			1,173
Equipment rentals	—			—			1,212			—			1,212
	—			—			8,125			—			8,125
Net operating expenses:
Cost of services (exclusive of depreciation and amortization included below)	—			—			1,677			—			1,677
Cost of equipment sales	—			—			1,270			—			1,270
Cost of equipment rentals (exclusive of depreciation below)	—			—			124			—			124
Selling, general and administrative	—			—			1,867			—			1,867
Depreciation - network and other	—			—			1,023			—			1,023
Depreciation - equipment rentals	—			—			1,136			—			1,136
Amortization	—			—			171			—			171
Other, net	—			—			42			—			42
	—			—			7,310			—			7,310
Operating income	—			—			815			—			815
Other income (expense):
Interest income	226			547			2			(733		)	42
Interest expense	(226		)	(571		)	(573		)	733			(637		)
Earnings (losses) of subsidiaries	176			202			—			(378		)	—
Other (expense) income, net	—			(2		)	2			—			—
	176			176			(569		)	(378		)	(595		)
Income (loss) before income taxes	176			176			246			(378		)	220
Income tax expense	—			—			(47		)	—			(47		)
Net income (loss)	176			176			199			(378		)	173
Less: Net loss attributable to noncontrolling interests	—			—			3			—			3
Net income (loss) attributable to Sprint Corporation	176			176			202			(378		)	176
Other comprehensive (loss) income	(4		)	(4		)	(13		)	17			(4		)
Comprehensive income (loss)	$	172		$	172		$	186		$	(361	)	$	169

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

	Three Months Ended June 30, 2017
	Parent/Issuer			Subsidiary Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Net operating revenues:
Service revenue	$	—		$	—		$	6,071		$	—		$	6,071
Equipment sales	—			—			1,187			—			1,187
Equipment rentals	—			—			899			—			899
	—			—			8,157			—			8,157
Net operating expenses:
Cost of services (exclusive of depreciation and amortization included below)	—			—			1,709			—			1,709
Cost of equipment sales	—			—			1,545			—			1,545
Cost of equipment rentals (exclusive of depreciation below)	—			—			112			—			112
Selling, general and administrative	—			—			1,938			—			1,938
Depreciation - network and other	—			—			977			—			977
Depreciation - equipment rentals	—			—			854			—			854
Amortization	—			—			223			—			223
Other, net	—			(55		)	(309		)	—			(364		)
	—			(55		)	7,049			—			6,994
Operating income	—			55			1,108			—			1,163
Other income (expense):
Interest income	198			45			4			(228		)	19
Interest expense	(198		)	(351		)	(292		)	228			(613		)
Earnings (losses) of subsidiaries	206			524			—			(730		)	—
Other expense, net	—			(67		)	(4		)	—			(71		)
	206			151			(292		)	(730		)	(665		)
Income (loss) before income taxes	206			206			816			(730		)	498
Income tax expense	—			—			(292		)	—			(292		)
Net income (loss)	206			206			524			(730		)	206
Other comprehensive (loss) income	(4		)	(4		)	5			(1		)	(4		)
Comprehensive income (loss)	$	202		$	202		$	529		$	(731	)	$	202

Condensed Cash Flow Statement

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

	Three Months Ended June 30, 2018
	Parent/Issuer			Subsidiary Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Cash flows from operating activities:
Net cash (used in) provided by operating activities	$	—		$	(231	)	$	2,661		$	—		$	2,430
Cash flows from investing activities:
Capital expenditures - network and other	—			—			(1,132		)	—			(1,132		)
Capital expenditures - leased devices	—			—			(1,817		)	—			(1,817		)
Expenditures relating to FCC licenses	—			—			(59		)	—			(59		)
Proceeds from sales and maturities of short-term investments	—			810			—			—			810
Purchases of short-term investments	—			(2,464		)	—			—			(2,464		)
Change in amounts due from/due to consolidated affiliates	28			(778		)	—			750			—
Proceeds from sales of assets and FCC licenses	—			—			133			—			133
Proceeds from deferred purchase price from sale of receivables	—			—			170			—			170
Proceeds from intercompany note advance to consolidated affiliate	—			424			—			(424		)	—
Other, net	—			—			(10		)	—			(10		)
Net cash provided by (used in) investing activities	28			(2,008		)	(2,715		)	326			(4,369		)
Cash flows from financing activities:
Proceeds from debt and financings	—			—			1,370			—			1,370
Repayments of debt, financing and capital lease obligations	—			(10		)	(1,405		)	—			(1,415		)
Debt financing costs	(28		)	(9		)	(211		)	—			(248		)
Change in amounts due from/due to consolidated affiliates	—			—			750			(750		)	—
Repayments of intercompany note advance from parent	—			—			(424		)	424			—
Other, net	—			(2		)	—			—			(2		)
Net cash (used in) provided by financing activities	(28		)	(21		)	80			(326		)	(295		)
Net (decrease) increase in cash, cash equivalents and restricted cash	—			(2,260		)	26			—			(2,234		)
Cash, cash equivalents and restricted cash, beginning of period	—			6,222			437			—			6,659
Cash, cash equivalents and restricted cash, end of period	$	—		$	3,962		$	463		$	—		$	4,425

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

	Three Months Ended June 30, 2017
	Parent/Issuer		Subsidiary Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Cash flows from operating activities:
Net cash (used in) provided by operating activities	$	—	$	(394	)	$	2,318		$	—		$	1,924
Cash flows from investing activities:
Capital expenditures - network and other	—		—			(1,151		)	—			(1,151		)
Capital expenditures - leased devices	—		—			(1,359		)	—			(1,359		)
Expenditures relating to FCC licenses	—		—			(13		)	—			(13		)
Proceeds from sales and maturities of short-term investments	—		2,594			—			—			2,594
Purchases of short-term investments	—		(1,499		)	—			—			(1,499		)
Change in amounts due from/due to consolidated affiliates	—		588			—			(588		)	—
Proceeds from sales of assets and FCC licenses	—		—			101			—			101
Proceeds from deferred purchase price from sale of receivables	—		—			375			—			375
Other, net	—		2			(3		)	—			(1		)
Net cash provided by (used in) investing activities	—		1,685			(2,050		)	(588		)	(953		)
Cash flows from financing activities:
Proceeds from debt and financings	—		—			902			—			902
Repayments of debt, financing and capital lease obligations	—		(1,598		)	(523		)	—			(2,121		)
Call premiums paid on debt redemptions	—		(129		)	—			—			(129		)
Change in amounts due from/due to consolidated affiliates	—		—			(588		)	588			—
Other, net	—		9			(24		)	—			(15		)
Net cash (used in) provided by financing activities	—		(1,718		)	(233		)	588			(1,363		)
Net (decrease) increase in cash, cash equivalents and restricted cash	—		(427		)	35			—			(392		)
Cash, cash equivalents and restricted cash, beginning of period	—		2,461			481			—			2,942
Cash, cash equivalents and restricted cash, end of period	$	—	$	2,034		$	516		$	—		$	2,550