Company profile

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

S stock data

(
)

Calendar

8 Aug 19
23 Oct 19
31 Mar 20

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 8.14B 8.44B 8.6B 8.43B
Net income -111M -2.17K -141 196
Diluted EPS -0.03 -530K -30K 50K
Net profit margin -1.36% -0.00% -0.00% 0.00%
Operating income 455M -1.67B 479M 778M
Net change in cash -2.11B 791M 465M 1.35B
Cash on hand 4.87B 6.98B 6.19B 5.73B
Cost of revenue 1.71B 1.65B 1.69B
Annual (USD) Mar 19 Mar 18 Mar 17 Mar 16
Revenue 33.6B 32.41B 33.35B 32.18B
Net income -1.94B 7.39B -1.21B -2B
Diluted EPS 0 1.81 -0.3 -0.5
Net profit margin -5.78% 22.80% -3.62% -6.20%
Operating income 398M 2.73B 1.76B 310M
Net change in cash 323M 3.72B 301M -1.37B
Cash on hand 6.98B 6.66B 2.94B 2.64B
Cost of revenue 6.66B 6.8B 7.86B 9.44B

Financial data from Sprint earnings reports

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 increased $97 million, or 9%, for the three-month period ended June 30, 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 $107 million, or 9%, for the three-month period ended June 30, 2019 compared to the same period in 2018, primarily due to decreased depreciation for fully depreciated or retired leased devices combined with favorable changes to leased device residual values.
  • Amortization expense decreased $53 million, or 31%, for the three-month period ended June 30, 2019 compared to the same period in 2018, primarily due to 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.
Content analysis ?
Positive
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Uncertain
Constraining
Legalese
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