XML 33 R18.htm IDEA: XBRL DOCUMENT v3.19.2
Per Share Data
3 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Per Share Data
Per Share Data
The computation of basic and diluted net (loss) income per common share attributable to Sprint was as follows:
 
Three Months Ended
 
June 30,
 
2019
 
2018
 
(in millions, except per share amounts)
Net (loss) income
$
(114
)
 
$
173

Less: Net loss attributable to noncontrolling interests
3

 
3

Net (loss) income attributable to Sprint
$
(111
)
 
$
176

 
 
 
 
Basic weighted average common shares outstanding
4,087

 
4,010

Effect of dilutive securities:
 
 
 
Options and restricted stock units

 
47

Warrants(1)

 
4

Diluted weighted average common shares outstanding
4,087

 
4,061

 
 
 
 
Basic net (loss) income per common share attributable to Sprint
$
(0.03
)
 
$
0.04

Diluted net (loss) income per common share attributable to Sprint
$
(0.03
)
 
$
0.04

 
 
 
 
Potentially dilutive securities:
 
 
 
Outstanding stock options(2)
90

 
9

 _________________
(1)
For the three-month period ended June 30, 2018, dilutive securities attributable to warrants include 2 million shares issuable under the warrant held by SoftBank. At the close of the merger with SoftBank, the warrant was issued at $5.25 per share. On July 10, 2018, SoftBank exercised its warrant in full to purchase 55 million shares of Sprint common stock for $287 million.
(2)
Potentially dilutive securities were not included in the computation of diluted net (loss) income per common share if to do so would have been antidilutive.