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S SPRINT

Sprint Corporation including its consolidated subsidiaries, is a communications company offering a comprehensive range of wireless and wireline communications products and services that are designed to meet the needs of individual consumers, businesses, government subscribers and resellers. Unless the context otherwise requires, references to "Sprint," "we," "us," "our" and the "Company" mean Sprint Corporation and its consolidated subsidiaries for all periods presented, and references to "Sprint Communications" are to Sprint Communications Inc. and its consolidated subsidiaries. We are a large wireless communications company in the U.S., as well as a provider of wireline services. Our services are provided through our ownership of extensive wireless networks, an all-digital global wireline network and a Tier 1 Internet backbone. We offer wireless and wireline services to subscribers in all 50 states, Puerto Rico, and the U.S. Virgin Islands under the Sprint corporate brand, which includes our retail brands of Sprint® on our wireless networks utilizing various technologies including third generation (3G) code division multiple access (CDMA), and fourth generation (4G) services utilizing Long Term Evolution (LTE). We utilize these networks to offer our wireless subscribers differentiated products and services through the use of a single network or a combination of these networks.

Company profile

Ticker
S
Exchange
Website
CEO
Michel Combes
Employees
Location
Fiscal year end
Former names
Sprint Nextel Corp
SEC CIK
IRS number
461170005

S stock data

(
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Calendar

27 Jan 20
19 Jun 21
31 Mar 22
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Apr 20 Davies Andrew Common Stock Sale back to company Dispose D No No 0 539,101 0 0
1 Apr 20 Softbank Common Stock Sale back to company Dispose D Yes No 0 3,445,374,483 0 0
1 Apr 20 Kappes Stephen R Common Stock Sale back to company Dispose D No No 0 81,769 0 0
1 Apr 20 Doyle Patrick T Common Stock Sale back to company Dispose D No No 0 131,092 0 0
1 Apr 20 Tucker Sara Martinez Common Stock Sale back to company Dispose D No No 0 233,341 0 0

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 1 0 NEW
Opened positions 1 0 NEW
Closed positions 0 5 EXIT
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 1K 0 NEW
Total shares 135 0 NEW
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
TMP Tompkins Financial 135 $1K NEW
IFP Advisors 0 $0
Largest transactions
Shares Bought/sold Change
TMP Tompkins Financial 135 +135 NEW
IFP Advisors 0 0

Financial report summary

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Risks
  • The closing of the Merger Transactions is subject to many conditions, including the receipt of approvals from various governmental entities, which may not approve the Merger Transactions, may delay the approvals for, or may impose conditions or restrictions on, jeopardize or delay completion of, or reduce the anticipated benefits of, the Merger Transactions, and if these conditions are not satisfied or waived, the Merger Transactions will not be completed.
  • Failure to complete the Merger Transactions, or a delay in completing the Merger Transactions, could negatively impact our stock price and the future business, assets, liabilities, prospects, outlook, financial condition and results of operations of us or the combined company.
  • We and T-Mobile are subject to various uncertainties and contractual restrictions and requirements while the Merger Transactions are pending that could disrupt our, T-Mobile’s or the combined company’s business and adversely affect our or T-Mobile’s business, assets, liabilities, prospects, outlook, financial condition and results of operations.
  • The Business Combination Agreement contains provisions that restrict the ability of our board of directors to pursue alternatives to the Merger Transactions.
  • Our directors and executive officers may have interests in the Merger Transactions that may be different from, or in addition to, those of other of our stockholders.
  • Although we expect that the Merger Transactions will result in synergies and other benefits to us and T-Mobile, those benefits may not be realized fully or at all or may not be realized within the expected time frame.
  • Our business and T-Mobile’s business may not be integrated successfully or such integration may be more difficult, time consuming or costly than expected. Operating costs, customer loss and business disruption, including difficulties in maintaining relationships with employees, customers, suppliers or vendors, may be greater than expected following the Merger Transactions. Revenues following the Merger Transactions may be lower than expected.
  • Failure to consummate the Merger Transactions could materially and adversely affect our future business and financial results.
  • Litigation relating to the Merger Transactions may be filed against us or our board of directors and/or T-Mobile or the board of directors of T‑Mobile that could prevent or delay the consummation of the Merger Transactions, result in the payment of damages following consummation of the Merger Transactions and/or have an adverse effect on the trading prices of our securities.
  • The agreements governing the combined company’s indebtedness will include restrictive covenants that limit the combined company’s operating flexibility.
  • Financing of the Merger Transactions is not assured.
  • Downgrades of our and/or T-Mobile’s credit ratings could adversely affect our, T-Mobile’s and/or the combined company’s respective businesses, cash flows, financial condition and operating results.
  • The combined company’s indebtedness following the completion of the Merger Transactions will be substantially greater than our indebtedness on a stand-alone basis and greater than the combined indebtedness of us and T-Mobile prior to the announcement of the Merger Transactions. This increased level of indebtedness could adversely affect the combined company’s business flexibility, and increase its borrowing costs.
  • Because of the combined company’s substantial indebtedness following the completion of the Merger Transactions, it may not be able to service its debt obligations in accordance with their terms after the Merger Transactions.
  • Our stockholders will have a reduced ownership and voting interest in the combined company after the Merger Transactions and will exercise less influence over management.
  • If we are not able to retain and attract profitable wireless subscribers, our financial performance will be impaired.
  • The success of our network improvements and 5G deployment will depend on the timing, extent and cost of implementation; availability of financial resources; access to additional spectrum, including low-band frequencies; the performance of third-parties; upgrade requirements; and the availability and reliability of the various technologies required to provide such modernization.
  • Our high debt levels and restrictive debt covenants could negatively impact our ability to access future financing at attractive rates or at all, which could limit our operating flexibility and ability to repay our outstanding debt as it matures.
  • Subscribers who purchase on a financing basis or lease a device are not required to sign a fixed-term service contract, which could result in higher churn and higher bad debt expense.
  • Our device leasing program exposes us to risks, including those related to the actual residual value realized on returned devices, higher churn and increased losses on devices.
  • Adverse economic conditions may negatively impact our business and financial performance, as well as our access to financing on acceptable terms or at all.
  • Government regulation could adversely affect our prospects and results of operations; federal and state regulatory commissions may adopt new regulations or take other actions that could adversely affect our business prospects, future growth, or results of operations.
  • Competition, industry consolidation, effectiveness of our cost optimization efforts, and technological changes in the market for wireless services could negatively affect our operations, resulting in adverse effects on our revenues, cash flows, growth, and profitability.
  • The trading price of our common stock has been, and may continue to be, volatile and may not reflect our actual operations and performance.
  • We have entered into, or may enter into, agreements with various parties for certain business operations. Any difficulties experienced by us in these arrangements could result in additional expense, loss of subscribers and revenue, interruption of our services, or a failure or delay in the roll-out of new technology.
  • We may not be able to protect the intellectual property rights upon which we rely, or the products and services utilized by us and our suppliers and service providers may infringe on intellectual property rights owned by others.
  • Negative outcomes of legal proceedings may adversely affect our business and financial condition.
  • Our reputation and business may be harmed and we may be subject to legal claims if there is a loss, disclosure, misappropriation of, unauthorized access to, or other security breach of our proprietary or sensitive information. Any disruption of our business operations due to a cyber attack, even for a limited amount of time, may adversely affect our business and financial condition.
  • Equipment failure, natural disasters or terrorist acts may affect our infrastructure and result in significant disruption to
  • If we are unable to improve our results of operations and as we continue to upgrade our networks, we may be required to recognize an impairment of our long-lived assets, goodwill, or other indefinite-lived intangible assets, which could have a material adverse effect on our financial position and results of operations.
  • Any acquisitions, strategic investments, or mergers may subject us to significant risks, any of which may harm our business.
  • As long as SoftBank controls us, other holders of our common stock will have limited ability to influence matters requiring stockholder approval and SoftBank’s interest may conflict with ours and our other stockholders.
  • SoftBank’s ability to control our board of directors may make it difficult for us to recruit independent directors.
  • Any inability to resolve favorably any disputes that may arise between the Company and SoftBank or its affiliates may adversely affect our business.
  • Regulatory authorities have imposed measures to protect national security and classified projects as well as other conditions that could have an adverse effect on Sprint.
Management Discussion
  • Depreciation expense - network and other decreased $17 million, or 2%, for the three-month period ended December 31, 2019, compared to the same period in 2018. The primary driver was decreases associated with fully depreciated or retired assets. Depreciation expense - network and other increased $124 million, or 4%, for the nine-month period ended December 31, 2019, compared to the same period in 2018, primarily due to increased depreciation on new asset additions, partially offset by decreases associated with fully depreciated or retired assets.
  • Depreciation expense - equipment rentals decreased $126 million, or 11%, and $358 million, or 10%, for the three- and nine-month periods ended December 31, 2019, respectively, compared to the same periods in 2018, primarily due to favorable changes to leased device residual values. These decreases were partially offset by increased depreciation on new asset additions net of fully depreciated or retired leased devices.
  • Amortization expense increased $329 million, or 227%, and $223 million, or 47%, for the three- and nine-month periods ended December 31, 2019, respectively, compared to the same periods in 2018, primarily due to the acceleration of amortization expense related to the Company’s decision to discontinue its Virgin Mobile brand. This was partially offset by customer relationship intangible assets that are amortized using the sum-of-the-months'-digits method, which results in higher amortization rates in early periods that decline over time.
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New words: canceled, deteriorate, Fifteenth, gave, Holdco, inbound, indefinitely, lump, member, ODC, population, shareholder, trademark
Removed: choosing, reducing, restore