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| S > SEC Filings for S > Form 8-K on 29-Jul-2009 | All Recent SEC Filings |
29-Jul-2009
Regulation FD Disclosure
On July 29, 2009, Sprint Nextel Corporation (the "Company") announced its results for the second quarter of 2009. Subsequent to this announcement, the Company has received questions on the Company's adjusted earnings per share for the second quarter of 2009, which was not provided in the earnings release. We are providing the computation of adjusted earnings per share below.
Sprint Nextel Corporation
RECONCILIATIONS OF EARNINGS PER SHARE (Unaudited)
(Millions, except per Share Data)
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Quarter Ended Year To Date
----------------------------------------------- ------------------------------
June 30, March 31, June 30, June 30, June 30,
2009 2009 2008 2009 2008
------------- ------------- ------------- ------------- -------------
Net Loss $ (384) $ (594) $ (344) $ (978) $ (840)
Special items (net of taxes)
Merger and integration expense - - 27 - 80
Severance and exit costs (18) 202 66 184 201
Asset impairments and abandonments - 8 (2) 8 6
Equity in losses of investment and
other, net 83 175 - 258 -
------------ ------------- ------------- -------------- -------------
Adjusted Net Loss* $ (319) $ (209) $ (253) $ (528) $ (562)
------------ ------------- ------------- -------------- -------------
Amortization (net of taxes) 278 283 416 561 837
------------ ------------- ------------- -------------- -------------
Adjusted Net (Loss) Income before
Amortization* $ (41) $ 74 $ 163 $ 33 $ 275
------------ ------------- ------------- -------------- -------------
Diluted Loss Per Common Share $ (0.13) $ (0.21) $ (0.12) (0.34) (0.30)
Special items (net of taxes) 0.02 0.14 0.03 0.16 0.10
------------ ------------- ------------- -------------- -------------
Adjusted Loss Per Share* $ (0.11) $ (0.07) $ (0.09) $ (0.18) $ (0.20)
------------ ------------- ------------- -------------- -------------
Amortization (net of taxes) 0.10 0.10 0.15 0.20 0.30
------------ ------------- ------------- -------------- -------------
Adjusted (Loss) Earnings Per Share $ (0.01) 0.03 0.06 0.02 0.10
before Amortization*
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*Adjusted Earnings (Loss) per Share is diluted earnings per share (EPS) before per share special items, net of tax. Adjusted EPS
before Amortization is Adjusted Earnings (Loss) per Share before per share amortization, net of tax.
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