-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PEb3sAGdaokGKQlwqdhtQatDubro1gEx57bXtiH4stYmfPk0PZvJG0m5gHoj5X1E TL/6zNZM5x7Fp8VR1jsVmw== 0000101830-98-000077.txt : 19981113 0000101830-98-000077.hdr.sgml : 19981113 ACCESSION NUMBER: 0000101830-98-000077 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19981112 ITEM INFORMATION: FILED AS OF DATE: 19981112 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SPRINT CORP CENTRAL INDEX KEY: 0000101830 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 480457967 STATE OF INCORPORATION: KS FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-04721 FILM NUMBER: 98744791 BUSINESS ADDRESS: STREET 1: 2330 SHAWNEE MISSION PKWY STREET 2: P O BOX 11315 CITY: WESTWOOD STATE: KS ZIP: 66205 BUSINESS PHONE: 9136243000 MAIL ADDRESS: STREET 1: 2330 SHAWNEE MISSION PKWY STREET 2: NULL CITY: WESTWOOD STATE: KS ZIP: 66205 FORMER COMPANY: FORMER CONFORMED NAME: UNITED TELECOMMUNICATIONS INC DATE OF NAME CHANGE: 19920316 FORMER COMPANY: FORMER CONFORMED NAME: UNITED UTILITIES INC DATE OF NAME CHANGE: 19731011 8-K 1 CURRENT REPORT SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) November 12, 1998 SPRINT CORPORATION (Exact name of Registrant as specified in its charter) Kansas 0-4721 48-0457967 (State of (Commission (I.R.S. Employer Incorporation) File Number) Identification No.) 2330 Shawnee Mission Parkway, Westwood, Kansas 66205 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (913) 624-3000 (Former name or former address, if changed since last report) P. O. Box 11315, Kansas City, Missouri 64112 (Mailing address of principal executive offices) Item 7. Financial Statements and Exhibits. (c) Exhibits Exhibit 99 Computation of Supplemental Pro Forma Ratios of Earnings To Fixed Charges SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. SPRINT CORPORATION By /s/ Michael T. Hyde Michael T. Hyde Assistant Secretary Dated: November 12, 1998 EXHIBIT INDEX Exhibit Number Description Page Exhibit 99 Computation of Supplemental Pro Forma Ratios of Earnings To Fixed Charges EX-99 2 COMPUTATION OF SUPPLEMENTAL PRO FORMA RATIOS OF EARNINS TO FIXED CHARGES EXHIBIT 99 SPRINT CORPORATION COMPUTATION OF SUPPLEMENTAL PRO FORMA RATIOS OF EARNINGS TO FIXED CHARGES The following schedule computes the ratios of earnings to fixed charges of the Registrant, on a pro forma basis giving effect to the proposed acquisition of 100% of the ownership and control of the wireless telephony businesses currently operating under the Sprint PCS brand name (other than a 40.8% minority interest in the wireless telephone business that serves the Los Angeles, San Diego and Las Vegas areas) and to the assumed refinancing of existing indebtedness with the proceeds from the offering of $5 billion of Notes pursuant to the Prospectus Supplement dated November 10, 1998, to the Prospectus dated October 23, 1998, forming a part of Registration Statement No. 333-65649. Year Nine Months Ended Ended December September 30, 31, 1998 1997 (in millions) Pro forma earnings Income (loss) from continuing $ (34.9) $ 410.2 operations before taxes Capitalized interest (125.6) (198.5) Equity in losses of less than 50 81.3 212.8 percent owned entities Minority interest in majority-owned (99.0) (81.1) subsidiaries Subtotal (178.2) 343.4 Pro forma fixed charges Interest charges 573.3 484.8 Interest factor of operating rents 132.8 151.8 Pre-tax cost of preferred stock 0.1 0.3 dividends of subsidiaries Total pro forma fixed charges 706.2 636.9 Pro forma earnings, as adjusted $ 528.0 $ 980.3 Pro forma ratio of earnings to fixed (a) 1.54 charges
(a) Pro forma earnings, as adjusted, were inadequate to cover fixed charges by $178.2 million for the nine months ended September 30, 1998. The above ratios were computed by dividing pro forma fixed charges into the sum of pro forma earnings (after certain adjustments) and pro forma fixed charges. Pro forma earnings include income from continuing operations before taxes, plus equity in the net losses of entities that are less than 50% owned by the Registrant, less minority interest and capitalized interest. Pro forma fixed charges include (1) interest on all debt of continuing operations (including amortization of debt issuance costs), (2) the interest component of operating rents, and (3) the pre-tax cost of subsidiary preferred stock dividends. -----END PRIVACY-ENHANCED MESSAGE-----