Guarantor Financial Information (Tables)

6 Months Ended

Sep. 30, 2018

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheet

CONDENSED CONSOLIDATING BALANCE SHEET

	September 30, 2018
	Parent/Issuer		Subsidiary Guarantor		Non-Guarantor Subsidiaries		Eliminations			Consolidated
	(in millions)
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	5,256	$	470	$	—		$	5,726
Short-term investments	—		3,186		—		—			3,186
Accounts and notes receivable, net	96		233		3,555		(329		)	3,555
Current portion of notes receivable from consolidated affiliates	—		424		—		(424		)	—
Device and accessory inventory	—		—		859		—			859
Prepaid expenses and other current assets	1		8		1,112		—			1,121
Total current assets	97		9,107		5,996		(753		)	14,447
Investments in subsidiaries	28,110		19,303		—		(47,413		)	—
Property, plant and equipment, net	—		—		20,816		—			20,816
Costs to acquire a customer contract	—		—		1,379		—			1,379
Due from consolidated affiliates	291		1,007		—		(1,298		)	—
Notes receivable from consolidated affiliates	11,871		23,567		—		(35,438		)	—
Intangible assets
Goodwill	—		—		6,598		—			6,598
FCC licenses and other	—		—		41,373		—			41,373
Definite-lived intangible assets, net	—		—		2,075		—			2,075
Other assets	—		206		957		—			1,163
Total assets	$	40,369	$	53,190	$	79,194	$	(84,902	)	$	87,851
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$	—	$	—	$	4,210	$	—		$	4,210
Accrued expenses and other current liabilities	97		314		3,288		(329		)	3,370
Current portion of long-term debt, financing and capital lease obligations	—		2,021		3,325		—			5,346
Current portion of notes payable to consolidated affiliates	—		—		424		(424		)	—
Total current liabilities	97		2,335		11,247		(753		)	12,926
Long-term debt, financing and capital lease obligations	11,871		10,104		13,354		—			35,329
Notes payable to consolidated affiliates	—		11,871		23,567		(35,438		)	—
Deferred tax liabilities	—		—		7,704		—			7,704
Other liabilities	—		770		2,658		—			3,428
Due to consolidated affiliates	—		—		1,298		(1,298		)	—
Total liabilities	11,968		25,080		59,828		(37,489		)	59,387
Commitments and contingencies
Total stockholders' equity	28,401		28,110		19,303		(47,413		)	28,401
Noncontrolling interests	—		—		63		—			63
Total equity	28,401		28,110		19,366		(47,413		)	28,464
Total liabilities and equity	$	40,369	$	53,190	$	79,194	$	(84,902	)	$	87,851

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 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 September 30, 2018
	Parent/Issuer			Subsidiary Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Net operating revenues:
Service	$	—		$	—		$	5,762		$	—		$	5,762
Equipment sales	—			—			1,418			—			1,418
Equipment rentals	—			—			1,253			—			1,253
	—			—			8,433			—			8,433
Net operating expenses:
Cost of services (exclusive of depreciation and amortization included below)	—			—			1,694			—			1,694
Cost of equipment sales	—			—			1,517			—			1,517
Cost of equipment rentals (exclusive of depreciation below)	—			—			151			—			151
Selling, general and administrative	—			—			1,861			—			1,861
Severance and exit costs	—			—			25			—			25
Depreciation - network and other	—			—			1,021			—			1,021
Depreciation - equipment rentals	—			—			1,181			—			1,181
Amortization	—			—			159			—			159
Other, net	—			—			46			—			46
	—			—			7,655			—			7,655
Operating income	—			—			778			—			778
Other income (expense):
Interest income	226			545			340			(1,062		)	49
Interest expense	(226		)	(638		)	(831		)	1,062			(633		)
Earnings (losses) of subsidiaries	196			267			—			(463		)	—
Other income, net	—			22			8			—			30
	196			196			(483		)	(463		)	(554		)
Income (loss) before income taxes	196			196			295			(463		)	224
Income tax expense	—			—			(17		)	—			(17		)
Net income (loss)	196			196			278			(463		)	207
Less: Net income attributable to noncontrolling interests	—			—			(11		)	—			(11		)
Net income (loss) attributable to Sprint Corporation	196			196			267			(463		)	196
Other comprehensive income (loss)	9			9			3			(12		)	9
Comprehensive income (loss)	$	205		$	205		$	281		$	(475	)	$	216

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE (LOSS) INCOME

	Three Months Ended September 30, 2017
	Parent/Issuer			Subsidiary Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Net operating revenues:
Service	$	—		$	—		$	5,967		$	—		$	5,967
Equipment sales	—			—			994			—			994
Equipment rentals	—			—			966			—			966
	—			—			7,927			—			7,927
Net operating expenses:
Cost of services (exclusive of depreciation and amortization included below)	—			—			1,698			—			1,698
Cost of equipment sales	—			—			1,404			—			1,404
Cost of equipment rentals (exclusive of depreciation below)	—			—			112			—			112
Selling, general and administrative	—			—			2,013			—			2,013
Depreciation - network and other	—			—			997			—			997
Depreciation - equipment rentals	—			—			888			—			888
Amortization	—			—			209			—			209
Other, net	—			—			5			—			5
	—			—			7,326			—			7,326
Operating income	—			—			601			—			601
Other income (expense):
Interest income	197			280			5			(449		)	33
Interest expense	(197		)	(438		)	(409		)	449			(595		)
(Losses) earnings of subsidiaries	(48		)	110			—			(62		)	—
Other income, net	—			—			11			—			11
	(48		)	(48		)	(393		)	(62		)	(551		)
(Loss) income before income taxes	(48		)	(48		)	208			(62		)	50
Income tax expense	—			—			(98		)	—			(98		)
Net (loss) income	(48		)	(48		)	110			(62		)	(48		)
Other comprehensive income (loss)	16			16			7			(23		)	16
Comprehensive (loss) income	$	(32	)	$	(32	)	$	117		$	(85	)	$	(32	)

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

	Six Months Ended September 30, 2018
	Parent/Issuer			Subsidiary Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Net operating revenues:
Service	$	—		$	—		$	11,502		$	—		$	11,502
Equipment sales	—			—			2,591			—			2,591
Equipment rentals	—			—			2,465			—			2,465
	—			—			16,558			—			16,558
Net operating expenses:
Cost of services (exclusive of depreciation and amortization included below)	—			—			3,371			—			3,371
Cost of equipment sales	—			—			2,787			—			2,787
Cost of equipment rentals (exclusive of depreciation below)	—			—			275			—			275
Selling, general and administrative	—			—			3,728			—			3,728
Severance and exit costs	—			—			33			—			33
Depreciation - network and other	—			—			2,044			—			2,044
Depreciation - equipment rentals	—			—			2,317			—			2,317
Amortization	—			—			330			—			330
Other, net	—			—			80			—			80
	—			—			14,965			—			14,965
Operating income	—			—			1,593			—			1,593
Other income (expense):
Interest income	452			1,092			342			(1,795		)	91
Interest expense	(452		)	(1,209		)	(1,404		)	1,795			(1,270		)
Earnings (losses) of subsidiaries	372			469			—			(841		)	—
Other income, net	—			20			10			—			30
	372			372			(1,052		)	(841		)	(1,149		)
Income (loss) before income taxes	372			372			541			(841		)	444
Income tax expense	—			—			(64		)	—			(64		)
Net income (loss)	372			372			477			(841		)	380
Less: Net income attributable to noncontrolling interests	—			—			(8		)	—			(8		)
Net income (loss) attributable to Sprint Corporation	372			372			469			(841		)	372
Other comprehensive income (loss)	5			5			(10		)	5			5
Comprehensive income (loss)	$	377		$	377		$	467		$	(836	)	$	385

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

	Six Months Ended September 30, 2017
	Parent/Issuer			Subsidiary Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Net operating revenues:
Service	$	—		$	—		$	12,038		$	—		$	12,038
Equipment sales	—			—			2,181			—			2,181
Equipment rentals	—			—			1,865			—			1,865
	—			—			16,084			—			16,084
Net operating expenses:
Cost of services (exclusive of depreciation and amortization included below)	—			—			3,407			—			3,407
Cost of equipment sales	—			—			2,949			—			2,949
Cost of equipment rentals (exclusive of depreciation below)	—			—			224			—			224
Selling, general and administrative	—			—			3,951			—			3,951
Depreciation - network and other	—			—			1,974			—			1,974
Depreciation - equipment rentals	—			—			1,742			—			1,742
Amortization	—			—			432			—			432
Other, net	—			(55		)	(304		)	—			(359		)
	—			(55		)	14,375			—			14,320
Operating income	—			55			1,709			—			1,764
Other income (expense):
Interest income	395			325			9			(677		)	52
Interest expense	(395		)	(789		)	(701		)	677			(1,208		)
Earnings (losses) of subsidiaries	158			634			—			(792		)	—
Other (expense) income, net	—			(67		)	7			—			(60		)
	158			103			(685		)	(792		)	(1,216		)
Income (loss) before income taxes	158			158			1,024			(792		)	548
Income tax expense	—			—			(390		)	—			(390		)
Net income (loss)	158			158			634			(792		)	158
Other comprehensive income (loss)	12			12			12			(24		)	12
Comprehensive income (loss)	$	170		$	170		$	646		$	(816	)	$	170

Condensed Cash Flow Statement

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

	Six Months Ended September 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	$	—		$	(209	)	$	5,566		$	—		$	5,357
Cash flows from investing activities:
Capital expenditures - network and other	—			—			(2,398		)	—			(2,398		)
Capital expenditures - leased devices	—			—			(3,524		)	—			(3,524		)
Expenditures relating to FCC licenses	—			—			(70		)	—			(70		)
Proceeds from sales and maturities of short-term investments	—			4,002			—			—			4,002
Purchases of short-term investments	—			(4,834		)	—			—			(4,834		)
Change in amounts due from/due to consolidated affiliates	(248		)	(320		)	—			568			—
Proceeds from sales of assets and FCC licenses	—			—			272			—			272
Proceeds from deferred purchase price from sale of receivables	—			—			223			—			223
Proceeds from intercompany note advance to consolidated affiliate	—			424			—			(424		)	—
Other, net	—			—			42			—			42
Net cash (used in) provided by investing activities	(248		)	(728		)	(5,455		)	144			(6,287		)
Cash flows from financing activities:
Proceeds from debt and financings	—			—			2,944			—			2,944
Repayments of debt, financing and capital lease obligations	—			(20		)	(2,908		)	—			(2,928		)
Debt financing costs	(28		)	(9		)	(211		)	—			(248		)
Proceeds from issuance of common stock, net	276			—			—			—			276
Change in amounts due from/due to consolidated affiliates	—			—			568			(568		)	—
Repayments of intercompany note advance from parent	—			—			(424		)	424			—
Net cash provided by (used in) financing activities	248			(29		)	(31		)	(144		)	44
Net (decrease) increase in cash, cash equivalents and restricted cash	—			(966		)	80			—			(886		)
Cash, cash equivalents and restricted cash, beginning of period	—			6,222			437			—			6,659
Cash, cash equivalents and restricted cash, end of period	$	—		$	5,256		$	517		$	—		$	5,773

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

	Six Months Ended September 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	$	—	$	(949	)	$	5,675		$	—		$	4,726
Cash flows from investing activities:
Capital expenditures - network and other	—		—			(1,843		)	—			(1,843		)
Capital expenditures - leased devices	—		—			(3,065		)	—			(3,065		)
Expenditures relating to FCC licenses	—		—			(19		)	—			(19		)
Proceeds from sales and maturities of short-term investments	—		5,582			—			—			5,582
Purchases of short-term investments	—		(1,748		)	—			—			(1,748		)
Change in amounts due from/due to consolidated affiliates	—		1,628			—			(1,628		)	—
Proceeds from sales of assets and FCC licenses	—		—			218			—			218
Proceeds from deferred purchase price from sale of receivables	—		—			640			—			640
Other, net	—		2			(4		)	—			(2		)
Net cash provided by (used in) investing activities	—		5,464			(4,073		)	(1,628		)	(237		)
Cash flows from financing activities:
Proceeds from debt and financings	—		—			1,860			—			1,860
Repayments of debt, financing and capital lease obligations	—		(2,520		)	(1,741		)	—			(4,261		)
Debt financing costs	—		(9		)	—			—			(9		)
Call premiums paid on debt redemptions	—		(129		)	—			—			(129		)
Proceeds from issuance of common stock, net	—		1			—			—			1
Change in amounts due from/due to consolidated affiliates	—		—			(1,628		)	1,628			—
Other, net	—		—			(22		)	—			(22		)
Net cash (used in) provided by financing activities	—		(2,657		)	(1,531		)	1,628			(2,560		)
Net increase in cash, cash equivalents and restricted cash	—		1,858			71			—			1,929
Cash, cash equivalents and restricted cash, beginning of period	—		2,461			481			—			2,942
Cash, cash equivalents and restricted cash, end of period	$	—	$	4,319		$	552		$	—		$	4,871