SPRINT LLC (S) [Rocket]

In millions, except per share items	Mar-31-19	Mar-31-18	Mar-31-17	Mar-31-16	Mar-31-15	Dec-31-13	Dec-31-12	Dec-31-11
	10-K/A	10-K/A	10-K/A	10-K	10-K	10-K	10-K	10-K
Revenues:
Wireless	32,556	31,170	31,787	30,377	32,327	15,642	32,355	30,301
Wireline	1,296	1,579	2,043	2,382	2,814	1,240	2,999	3,370
Other Operating Income (Expense)	272	328	498	592
Other						9
Total revenues [+]	33,600	32,406	33,347	32,180	34,532	16,891	35,345	33,679
Products					4,990	1,797
Services	22,857	23,834	25,368	27,174	29,542	15,094
Revenue growth [+]	3.7%	-2.8%	3.6%	-6.8%		-52.2%	4.9%	3.4%
Wireless	4.4%	-1.9%	4.6%	-6.0%		-51.7%	6.8%	6.0%
Wireline	-17.9%	-22.7%	-14.2%	-15.4%		-58.7%	-11.0%	-14.9%
Other Operating Income (Expense)	-17.1%	-34.1%	-15.9%
Cost of goods sold [+]	6,664	6,801	7,861	9,439	18,969	9,777	20,841	19,015
Cost of product sales					9,309	4,603
Cost of services					9,660	5,174
Gross profit	26,936	25,605	25,486	22,741	15,563	7,114	14,504	14,664
Gross margin	80.2%	79.0%	76.4%	70.7%	45.1%	42.1%	41.0%	43.5%
Selling, general and administrative	7,774	8,087	7,994	8,479	9,563	4,841	9,765	9,592
Equity in earnings							-1,114	-1,730
Other operating expenses	16,082	13,979	14,536	11,647	18		-282
EBITDA [+]	11,863	11,307	10,054	8,409	5,982	2,273	3,907	3,342
EBITDA growth	4.9%	12.5%	19.6%	40.6%		-41.8%	16.9%	-25.7%
EBITDA margin	35.3%	34.9%	30.1%	26.1%	17.3%	13.5%	11.1%	9.9%
Depreciation and amortization	8,783	7,768	7,098	5,794	3,797	2,026	6,543	4,858
EBITA	3,080	3,539	2,956	2,615	2,185	247	-2,636	-1,516
EBITA margin	9.2%	10.9%	8.9%	8.1%	6.3%	1.5%	-7.5%	-4.5%
Amortization of intangibles	608	812	1,052	1,294	1,552	908
EBIT [+]	2,472	2,727	1,904	1,321	633	-661	-2,636	-1,516
EBIT growth	-9.4%	43.2%	44.1%	108.7%		-74.9%	73.9%	-13.3%
EBIT margin	7.4%	8.4%	5.7%	4.1%	1.8%	-3.9%	-7.5%	-4.5%
Non-recurring items [+]	2,074		140	1,011	2,528	309	298	106
Asset impairment	2,000			409	2,133		298	106
Interest expense, net [+]	2,563	2,365	2,495	2,182	2,039	883	1,428	1,011
Interest expense	2,563	2,365	2,495	2,182	2,051	918	1,428	1,011
Interest income					12	35
Other income (expense), net [+]	187	-59	-40	18	15	38	190	-3
Other	187	-59	-40	18	27	73	190	-3
Pre-tax income	-1,978	303	-771	-1,854	-3,919	-1,815	-4,172	-2,636
Income taxes	-35	-7,074	435	141	-574	45	154	254
Tax rate	1.8%				14.6%
Minority interest		-12
Net income	-1,943	7,389	-1,206	-1,995	-3,345	-1,860	-4,326	-2,890
Net margin	-5.8%	22.8%	-3.6%	-6.2%	-9.7%	-11.0%	-12.2%	-8.6%

Basic EPS [+]	($0.48)	$1.85	($0.30)	($0.50)	($0.85)	($0.54)	($1.44)	($0.96)
Growth	-125.9%	-709.9%	-39.7%	-40.6%		-62.9%	49.3%	-16.8%
Diluted EPS [+]	($0.48)	$1.81	($0.30)	($0.50)	($0.85)	($0.54)	($1.44)	($0.96)
Growth	-126.4%	-698.1%	-39.7%	-40.6%		-62.9%	49.3%	-16.8%


Shares outstanding (basic) [+]	4,057	3,999	3,981	3,969	3,953	3,475	3,002	2,995
Growth	1.5%	0.5%	0.3%	0.4%		15.8%	0.2%	0.2%
Shares outstanding (diluted) [+]	4,057	4,078	3,981	3,969	3,953	3,475	3,002	2,995
Growth	-0.5%	2.4%	0.3%	0.4%		15.8%	0.2%	0.2%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.