Guarantor Financial Information (Tables)

12 Months Ended

Mar. 31, 2019

Condensed Financial Information [Abstract]

CONDENSED CONSOLIDATING BALANCE SHEET



	March 31, 2019
	Parent/Issuer		Subsidiary Guarantor		Non-Guarantor Subsidiaries		Eliminations			Consolidated
	(in millions)
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	6,605	$	377	$	—		$	6,982
Short-term investments	—		67		—		—			67
Accounts and notes receivable, net	96		233		3,554		(329		)	3,554
Current portion of notes receivable from consolidated affiliates	—		424		—		(424		)	—
Device and accessory inventory	—		—		999		—			999
Prepaid expenses and other current assets	—		9		1,280		—			1,289
Total current assets	96		7,338		6,210		(753		)	12,891
Investments in subsidiaries	25,785		17,363		—		(43,148		)	—
Property, plant and equipment, net	—		—		21,201		—			21,201
Costs to acquire a customer contract	—		—		1,559		—			1,559
Due from consolidated affiliates	288		2,418		—		(2,706		)	—
Notes receivable from consolidated affiliates	11,883		23,567		—		(35,450		)	—
Intangible assets
Goodwill	—		—		4,598		—			4,598
FCC licenses and other	—		—		41,465		—			41,465
Definite-lived intangible assets, net	—		—		1,769		—			1,769
Other assets	—		52		1,066		—			1,118
Total assets	$	38,052	$	50,738	$	77,868	$	(82,057	)	$	84,601

LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$	—	$	—	$	3,961	$	—		$	3,961
Accrued expenses and other current liabilities	97		230		3,599		(329		)	3,597
Current portion of long-term debt, financing and capital lease obligations	—		1,373		3,184		—			4,557
Current portion of notes payable to consolidated affiliates	—		—		424		(424		)	—
Total current liabilities	97		1,603		11,168		(753		)	12,115
Long-term debt, financing and capital lease obligations	11,883		10,660		12,823		—			35,366
Notes payable to consolidated affiliates	—		11,883		23,567		(35,450		)	—
Deferred tax liabilities	—		—		7,556		—			7,556
Other liabilities	—		807		2,630		—			3,437
Due to consolidated affiliates	—		—		2,706		(2,706		)	—
Total liabilities	11,980		24,953		60,450		(38,909		)	58,474
Commitments and contingencies
Total stockholders' equity	26,072		25,785		17,363		(43,148		)	26,072
Noncontrolling interests	—		—		55		—			55
Total equity	26,072		25,785		17,418		(43,148		)	26,127
Total liabilities and equity	$	38,052	$	50,738	$	77,868	$	(82,057	)	$	84,601

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 Consolidating Income Statement

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)



	Year Ended March 31, 2018
	Parent/Issuer			Subsidiary Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Net operating revenues:
Service	$	—		$	—		$	23,834		$	—		$	23,834
Equipment sales	—			—			4,524			—			4,524
Equipment rentals	—			—			4,048			—			4,048
	—			—			32,406			—			32,406
Net operating expenses:
Cost of services (exclusive of depreciation and amortization included below)	—			—			6,801			—			6,801
Cost of equipment sales	—			—			6,109			—			6,109
Cost of equipment rentals (exclusive of depreciation below)	—			—			493			—			493
Selling, general and administrative	—			—			8,087			—			8,087
Depreciation - network and other	—			—			3,976			—			3,976
Depreciation - equipment rentals	—			—			3,792			—			3,792
Amortization	—			—			812			—			812
Other, net	—			(55		)	(336		)	—			(391		)
	—			(55		)	29,734			—			29,679
Operating income	—			55			2,672			—			2,727
Other income (expense):
Interest income	802			1,289			11			(2,017		)	85
Interest expense	(802		)	(1,643		)	(1,937		)	2,017			(2,365		)
Earnings (losses) of subsidiaries	7,389			7,784			—			(15,173		)	—
Other expense, net	—			(96		)	(48		)	—			(144		)
	7,389			7,334			(1,974		)	(15,173		)	(2,424		)
Income (loss) before income taxes	7,389			7,389			698			(15,173		)	303
Income tax benefit	—			—			7,074			—			7,074
Net income (loss)	7,389			7,389			7,772			(15,173		)	7,377
Less: Net loss attributable to noncontrolling interests	—			—			12			—			12
Net income (loss) attributable to Sprint Corporation	7,389			7,389			7,784			(15,173		)	7,389
Other comprehensive income (loss)	31			31			48			(79		)	31
Comprehensive income (loss)	$	7,420		$	7,420		$	7,820		$	(15,252	)	$	7,408

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE (LOSS) INCOME



	Year Ended March 31, 2017
	Parent/Issuer			Subsidiary Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Net operating revenues:
Service	$	—		$	—		$	25,368		$	—		$	25,368
Equipment sales	—			—			4,684			—			4,684
Equipment rentals	—			—			3,295			—			3,295
	—			—			33,347			—			33,347
Net operating expenses:
Cost of services (exclusive of depreciation and amortization included below)	—			—			7,861			—			7,861
Cost of equipment sales	—			—			6,583			—			6,583
Cost of equipment rentals (exclusive of depreciation below)	—			—			975			—			975
Selling, general and administrative	—			—			7,994			—			7,994
Depreciation - network and other	—			—			3,982			—			3,982
Depreciation - equipment rentals	—			—			3,116			—			3,116
Amortization	—			—			1,052			—			1,052
Other, net	—			—			20			—			20
	—			—			31,583			—			31,583
Operating income	—			—			1,764			—			1,764
Other (expense) income:
Interest income	790			145			21			(896		)	60
Interest expense	(790		)	(1,675		)	(926		)	896			(2,495		)
(Losses) earnings of subsidiaries	(1,206		)	402			—			804			—
Other expense, net	—			(78		)	(22		)	—			(100		)
	(1,206		)	(1,206		)	(927		)	804			(2,535		)
(Loss) income before income taxes	(1,206		)	(1,206		)	837			804			(771		)
Income tax expense	—			—			(435		)	—			(435		)
Net (loss) income	(1,206		)	(1,206		)	402			804			(1,206		)
Other comprehensive income (loss)	35			35			42			(77		)	35
Comprehensive (loss) income	$	(1,171	)	$	(1,171	)	$	444		$	727		$	(1,171	)

Condensed Consolidating Cash Flow Statement

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS



	Year Ended March 31, 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	$	—		$	(828	)	$	10,890		$	—		$	10,062
Cash flows from investing activities:
Capital expenditures - network and other	—			—			(3,319		)	—			(3,319		)
Capital expenditures - leased devices	—			—			(7,461		)	—			(7,461		)
Expenditures relating to FCC licenses	—			—			(115		)	—			(115		)
Proceeds from sales and maturities of short-term investments	—			7,202			—			—			7,202
Purchases of short-term investments	—			(4,112		)	—			—			(4,112		)
Change in amounts due from/due to consolidated affiliates	—			—			(2,730		)	2,730			—
Proceeds from sales of assets and FCC licenses	—			—			527			—			527
Proceeds from deferred purchase price from sale of receivables	—			—			1,140			—			1,140
Proceeds from corporate owned life insurance policies	—			2			—			—			2
Intercompany note advance to consolidated affiliate	(1,476		)	—			—			1,476			—
Other, net	—			—			1			—			1
Net cash (used in) provided by investing activities	(1,476		)	3,092			(11,957		)	4,206			(6,135		)
Cash flows from financing activities:
Proceeds from debt and financings	1,500			—			7,029			—			8,529
Repayments of debt, financing and capital lease obligations	—			(2,587		)	(5,931		)	—			(8,518		)
Debt financing costs	(24		)	(12		)	(57		)	—			(93		)
Call premiums paid on debt redemptions	—			(131		)	—			—			(131		)
Proceeds from issuance of common stock, net	—			21			—			—			21
Change in amounts due from/due to consolidated affiliates	—			2,730			—			(2,730		)	—
Intercompany note advance from parent	—			1,476			—			(1,476		)	—
Other, net	—			—			(18		)	—			(18		)
Net cash provided by (used in) financing activities	1,476			1,497			1,023			(4,206		)	(210		)
Net increase (decrease) in cash, cash equivalents and restricted cash	—			3,761			(44		)	—			3,717
Cash, cash equivalents and restricted cash, beginning of period	—			2,461			481			—			2,942
Cash, cash equivalents and restricted cash, end of period	$	—		$	6,222		$	437		$	—		$	6,659

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS



	Year Ended March 31, 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	$	—	$	(1,640	)	$	(1,451	)	$	(199	)	$	(3,290	)
Cash flows from investing activities:
Capital expenditures - network and other	—		—			(1,950		)	—			(1,950		)
Capital expenditures - leased devices	—		—			(4,976		)	—			(4,976		)
Expenditures relating to FCC licenses	—		—			(83		)	—			(83		)
Proceeds from sales and maturities of short-term investments	—		4,566			55			—			4,621
Purchases of short-term investments	—		(10,010		)	(55		)	—			(10,065		)
Change in amounts due from/due to consolidated affiliates	—		7,097			—			(7,097		)	—
Proceeds from sales of assets and FCC licenses	—		—			219			—			219
Proceeds from deferred purchase price from sale of receivables	—		—			10,498			—			10,498
Proceeds from corporate owned life insurance policies	—		11			—			—			11
Intercompany note advance to consolidated affiliate	—		(414		)	—			414			—
Proceeds from intercompany note advance to consolidated affiliate	—		84			—			(84		)	—
Other, net	—		—			30			—			30
Net cash provided by (used in) investing activities	—		1,334			3,738			(6,767		)	(1,695		)
Cash flows from financing activities:
Proceeds from debt and financings	—		4,000			6,966			—			10,966
Repayments of debt and capital lease obligations	—		(3,250		)	(2,167		)	—			(5,417		)
Debt financing costs	—		(187		)	(171		)	—			(358		)
Proceeds from issuance of common stock, net	—		50			—			—			50
Intercompany dividends paid to consolidated affiliate	—		—			(199		)	199			—
Change in amounts due from/due to consolidated affiliates	—		—			(7,097		)	7,097			—
Intercompany note advance from parent	—		—			414			(414		)	—
Repayments of intercompany note advance from parent	—		—			(84		)	84			—
Other, net	—		—			45			—			45
Net cash provided by (used in) financing activities	—		613			(2,293		)	6,966			5,286
Net increase (decrease) in cash, cash equivalents and restricted cash	—		307			(6		)	—			301
Cash, cash equivalents and restricted cash, beginning of period	—		2,154			487			—			2,641
Cash, cash equivalents and restricted cash, end of period	$	—	$	2,461		$	481		$	—		$	2,942