Guarantor Financial Information (Tables)

12 Months Ended

Mar. 31, 2016

Condensed Balance Sheet Statements, Captions [Line Items]

Condensed Consolidating Balance Sheet

CONDENSED CONSOLIDATING BALANCE SHEET

	As of March 31, 2016
	Parent/Issuer		Subsidiary Guarantor		Non-Guarantor Subsidiaries		Eliminations			Consolidated
	(in millions)
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	2,154	$	487	$	—		$	2,641
Accounts and notes receivable, net	87		27		1,099		(114		)	1,099
Device and accessory inventory	—		—		1,173		—			1,173
Prepaid expenses and other current assets	—		12		1,908		—			1,920
Total current assets	87		2,193		4,667		(114		)	6,833
Investments in subsidiaries	19,783		23,129		—		(42,912		)	—
Property, plant and equipment, net	—		—		20,297		—			20,297
Due from consolidated affiliate	50		19,518		—		(19,568		)	—
Note receivable from consolidated affiliate	10,377		245		—		(10,622		)	—
Intangible assets
Goodwill	—		—		6,575		—			6,575
FCC licenses and other	—		—		40,073		—			40,073
Definite-lived intangible assets, net	—		—		4,469		—			4,469
Other assets	—		1,127		620		(1,019		)	728
Total assets	$	30,297	$	46,212	$	76,701	$	(74,235	)	$	78,975
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	—	$	—	$	2,899	$	—		$	2,899
Accrued expenses and other current liabilities	137		531		3,820		(114		)	4,374
Current portion of long-term debt, financing and capital lease obligations	—		3,065		1,625		—			4,690
Total current liabilities	137		3,596		8,344		(114		)	11,963
Long-term debt, financing and capital lease obligations	10,377		11,495		8,415		(1,019		)	29,268
Note payable due to consolidated affiliate	—		10,377		245		(10,622		)	—
Deferred tax liabilities	—		—		13,959		—			13,959
Other liabilities	—		961		3,041		—			4,002
Due to consolidated affiliate	—		—		19,568		(19,568		)	—
Total liabilities	10,514		26,429		53,572		(31,323		)	59,192
Commitments and contingencies
Total stockholders' equity	19,783		19,783		23,129		(42,912		)	19,783
Total liabilities and stockholders' equity	$	30,297	$	46,212	$	76,701	$	(74,235	)	$	78,975

CONDENSED CONSOLIDATING BALANCE SHEET

	As of March 31, 2015
	Parent/Issuer		Subsidiary Guarantor		Non-Guarantor Subsidiaries		Eliminations			Consolidated
	(in millions)
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	3,492	$	518	$	—		$	4,010
Short-term investments	—		146		20		—			166
Accounts and notes receivable, net	84		157		2,160		(111		)	2,290
Device and accessory inventory	—		—		1,359		—			1,359
Deferred tax assets	—		—		62		—			62
Prepaid expenses and other current assets	—		13		1,877		—			1,890
Total current assets	84		3,808		5,996		(111		)	9,777
Investments in subsidiaries	21,712		22,413		—		(44,125		)	—
Property, plant and equipment, net	—		—		19,721		—			19,721
Due from consolidated affiliate	68		20,934		—		(21,002		)	—
Note receivable from consolidated affiliate	10,361		458		—		(10,819		)	—
Intangible assets
Goodwill	—		—		6,575		—			6,575
FCC licenses and other	—		—		39,987		—			39,987
Definite-lived intangible assets, net	—		—		5,893		—			5,893
Other assets	—		1,119		788		(1,019		)	888
Total assets	$	32,225	$	48,732	$	78,960	$	(77,076	)	$	82,841
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	—	$	—	$	4,347	$	—		$	4,347
Accrued expenses and other current liabilities	154		625		4,625		(111		)	5,293
Current portion of long-term debt, financing and capital lease obligations	—		500		800		—			1,300
Total current liabilities	154		1,125		9,772		(111		)	10,940
Long-term debt, financing and capital lease obligations	10,361		14,574		8,426		(1,019		)	32,342
Note payable due to consolidated affiliate	—		10,361		458		(10,819		)	—
Deferred tax liabilities	—		—		13,898		—			13,898
Other liabilities	—		960		2,991		—			3,951
Due to consolidated affiliate	—		—		21,002		(21,002		)	—
Total liabilities	10,515		27,020		56,547		(32,951		)	61,131
Commitments and contingencies
Total stockholders' equity	21,710		21,712		22,413		(44,125		)	21,710
Total liabilities and stockholders' equity	$	32,225	$	48,732	$	78,960	$	(77,076	)	$	82,841

Condensed Consolidating Income Statement

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE LOSS

Successor
	Year Ended March 31, 2015
	Parent/Issuer			Subsidiary Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Net operating revenues:
Service	$	—		$	—		$	29,542		$	—		$	29,542
Equipment	—			—			4,990			—			4,990
	—			—			34,532			—			34,532
Net operating expenses:
Cost of services (exclusive of depreciation and amortization below)	—			—			9,660			—			9,660
Cost of products (exclusive of depreciation and amortization below)	—			—			9,309			—			9,309
Selling, general and administrative	—			—			9,563			—			9,563
Impairments	—			—			2,133			—			2,133
Severance and exit costs	—			—			304			—			304
Depreciation	—			—			3,797			—			3,797
Amortization	—			—			1,552			—			1,552
Other, net	—			1			108			—			109
	—			1			36,426			—			36,427
Operating loss	—			(1		)	(1,894		)	—			(1,895		)
Other income (expense):
Interest income	687			146			3			(824		)	12
Interest expense	(687		)	(1,521		)	(667		)	824			(2,051		)
(Losses) earnings of subsidiaries	(3,345		)	(1,970		)	—			5,315			—
Other income, net	—			1			14			—			15
	(3,345		)	(3,344		)	(650		)	5,315			(2,024		)
(Loss) income before income taxes	(3,345		)	(3,345		)	(2,544		)	5,315			(3,919		)
Income tax benefit	—			—			574			—			574
Net (loss) income	(3,345		)	(3,345		)	(1,970		)	5,315			(3,345		)
Other comprehensive (loss) income	(365		)	(365		)	(355		)	720			(365		)
Comprehensive (loss) income	$	(3,710	)	$	(3,710	)	$	(2,325	)	$	6,035		$	(3,710	)

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE LOSS

Successor
	Three Months Ended March 31, 2014
	Parent/Issuer			Subsidiary Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Net operating revenues:
Service	$	—		$	—		$	7,876		$	—		$	7,876
Equipment	—			—			999			—			999
	—			—			8,875			—			8,875
Net operating expenses:
Cost of services (exclusive of depreciation and amortization below)	—			—			2,622			—			2,622
Cost of products (exclusive of depreciation and amortization below)	—			—			2,038			—			2,038
Selling, general and administrative	—			—			2,371			—			2,371
Severance and exit costs	—			—			52			—			52
Depreciation	—			—			868			—			868
Amortization	—			—			429			—			429
Other, net	—			—			75			—			75
	—			—			8,455			—			8,455
Operating income	—			—			420			—			420
Other income (expense):
Interest income	169			20			4			(189		)	4
Interest expense	(166		)	(373		)	(166		)	189			(516		)
(Losses) earnings of subsidiaries	(154		)	199			—			(45		)	—
Other expense, net	—			—			(3		)	—			(3		)
	(151		)	(154		)	(165		)	(45		)	(515		)
(Loss) income before income taxes	(151		)	(154		)	255			(45		)	(95		)
Income tax expense	—			—			(56		)	—			(56		)
Net (loss) income	(151		)	(154		)	199			(45		)	(151		)
Other comprehensive (loss) income	(145		)	(145		)	(147		)	292			(145		)
Comprehensive (loss) income	$	(296	)	$	(299	)	$	52		$	247		$	(296	)

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE LOSS

Successor
	Year Ended December 31, 2013
	Parent/Issuer			Subsidiary Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Net operating revenues:
Service	$	—		$	—		$	15,094		$	—		$	15,094
Equipment	—			—			1,797			—			1,797
	—			—			16,891			—			16,891
Net operating expenses:
Cost of services (exclusive of depreciation and amortization below)	—			—			5,174			—			5,174
Cost of products (exclusive of depreciation and amortization below)	—			—			4,603			—			4,603
Selling, general and administrative	36			—			4,805			—			4,841
Severance and exit costs	—			—			309			—			309
Depreciation	—			—			2,026			—			2,026
Amortization	—			—			908			—			908
	36			—			17,825			—			17,861
Operating loss	(36		)	—			(934		)	—			(970		)
Other income (expense):
Interest income	189			40			6			(200		)	35
Interest expense	(163		)	(548		)	(407		)	200			(918		)
(Losses) earnings of subsidiaries	(1,831		)	(1,320		)	—			3,151			—
Other (expense) income, net	(15		)	(3		)	56			—			38
	(1,820		)	(1,831		)	(345		)	3,151			(845		)
(Loss) income before income taxes	(1,856		)	(1,831		)	(1,279		)	3,151			(1,815		)
Income tax expense	(4		)	—			(41		)	—			(45		)
Net (loss) income	(1,860		)	(1,831		)	(1,320		)	3,151			(1,860		)
Other comprehensive income (loss)	102			102			93			(195		)	102
Comprehensive (loss) income	$	(1,758	)	$	(1,729	)	$	(1,227	)	$	2,956		$	(1,758	)

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE LOSS

Predecessor
	191 Days Ended July 10, 2013
	Subsidiary Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Net operating revenues:
Service	$	—		$	16,895		$	—		$	16,895
Equipment	—			1,707			—			1,707
	—			18,602			—			18,602
Net operating expenses:
Cost of services (exclusive of depreciation and amortization below)	—			5,673			—			5,673
Cost of products (exclusive of depreciation and amortization below)	—			4,872			—			4,872
Selling, general and administrative	—			5,067			—			5,067
Severance and exit costs	—			652			—			652
Depreciation	—			3,098			—			3,098
Amortization	—			147			—			147
Other, net	—			(22		)	—			(22		)
	—			19,487			—			19,487
Operating loss	—			(885		)	—			(885		)
Other income (expense):
Interest income	61			15			(43		)	33
Interest expense	(842		)	(336		)	43			(1,135		)
Equity in losses of unconsolidated investments, net	—			(482		)	—			(482		)
Gain on previously-held equity interests	—			2,926			—			2,926
(Losses) earnings of subsidiaries	(365		)	—			365			—
Other expense, net	(12		)	(2		)	—			(14		)
	(1,158		)	2,121			365			1,328
(Loss) income before income taxes	(1,158		)	1,236			365			443
Income tax expense	—			(1,601		)	—			(1,601		)
Net (loss) income	(1,158		)	(365		)	365			(1,158		)
Other comprehensive income (loss)	23			35			(35		)	23
Comprehensive (loss) income	$	(1,135	)	$	(330	)	$	330		$	(1,135	)

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE LOSS

Predecessor
	Three Months Ended March 31, 2013 (Unaudited)
	Subsidiary Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Net operating revenues:
Service	$	—		$	7,980		$	—		$	7,980
Equipment	—			813			—			813
	—			8,793			—			8,793
Net operating expenses:
Cost of services (exclusive of depreciation and amortization below)	—			2,640			—			2,640
Cost of products (exclusive of depreciation and amortization below)	—			2,293			—			2,293
Selling, general and administrative	—			2,336			—			2,336
Severance and exit costs	—			25			—			25
Depreciation	—			1,422			—			1,422
Amortization	—			70			—			70
Other, net	—			(22		)	—			(22		)
	—			8,764			—			8,764
Operating income	—			29			—			29
Other income (expense):
Interest income	29			6			(21		)	14
Interest expense	(292		)	(161		)	21			(432		)
Equity in losses of unconsolidated investments, net	—			(202		)	—			(202		)
(Losses) earnings of subsidiaries	(368		)	—			368			—
Other expense, net	(12		)	(2		)	—			(14		)
	(643		)	(359		)	368			(634		)
(Loss) income before income taxes	(643		)	(330		)	368			(605		)
Income tax expense	—			(38		)	—			(38		)
Net (loss) income	(643		)	(368		)	368			(643		)
Other comprehensive income (loss)	14			15			(15		)	14
Comprehensive (loss) income	$	(629	)	$	(353	)	$	353		$	(629	)

Condensed Consolidating Cash Flow Statement

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Successor
	Year Ended March 31, 2015
	Parent/Issuer			Subsidiary Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Cash flows from operating activities:
Net cash (used in) provided by operating activities	$	—		$	(750	)	$	3,700		$	(500	)	$	2,450
Cash flows from investing activities:
Capital expenditures - network and other	—			—			(5,422		)	—			(5,422		)
Capital expenditures - leased devices	—			—			(582		)	—			(582		)
Expenditures relating to FCC licenses	—			—			(163		)	—			(163		)
Reimbursements relating to FCC licenses	—			—			95			—			95
Proceeds from sales and maturities of short-term investments	—			3,061			70			—			3,131
Purchases of short-term investments	—			(1,987		)	(90		)	—			(2,077		)
Change in amounts due from/due to consolidated affiliates	—			(2,425		)	—			2,425			—
Proceeds from sales of assets and FCC licenses	—			—			315			—			315
Intercompany note advance to consolidated affiliate	(1,481		)	(343		)	—			1,824			—
Other, net	—			—			(11		)	—			(11		)
Net cash (used in) provided by investing activities	(1,481		)	(1,694		)	(5,788		)	4,249			(4,714		)
Cash flows from financing activities:
Proceeds from debt and financings	1,500			300			130			—			1,930
Repayments of debt, financing and capital lease obligations	—			—			(574		)	—			(574		)
Debt financing costs	(21		)	(5		)	(61		)	—			(87		)
Proceeds from issuance of common stock, net	—			35			—			—			35
Intercompany dividends paid to consolidated affiliate	—			—			(500		)	500			—
Change in amounts due from/due to consolidated affiliates	2			—			2,423			(2,425		)	—
Intercompany note advance from parent	—			1,481			343			(1,824		)	—
Net cash provided by (used in) financing activities	1,481			1,811			1,761			(3,749		)	1,304
Net decrease in cash and cash equivalents	—			(633		)	(327		)	—			(960		)
Cash and cash equivalents, beginning of period	—			4,125			845			—			4,970
Cash and cash equivalents, end of period	$	—		$	3,492		$	518		$	—		$	4,010

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Successor
	Three Months Ended March 31, 2014
	Parent/Issuer		Subsidiary Guarantor			Non- Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Cash flows from operating activities:
Net cash (used in) provided by operating activities	$	—	$	(483	)	$	1,005		$	—		$	522
Cash flows from investing activities:
Capital expenditures	—		—			(1,488		)	—			(1,488		)
Expenditures relating to FCC licenses	—		—			(152		)	—			(152		)
Proceeds from sales and maturities of short-term investments	—		920			—			—			920
Purchases of short-term investments	—		(1,035		)	—			—			(1,035		)
Change in amounts due from/due to consolidated affiliates	—		(941		)	—			941			—
Proceeds from sales of assets and FCC licenses	—		—			1			—			1
Other, net	—		—			(2		)	—			(2		)
Net cash (used in) provided by investing activities	—		(1,056		)	(1,641		)	941			(1,756		)
Cash flows from financing activities:
Repayments of debt and capital lease obligations	—		—			(159		)	—			(159		)
Debt financing costs	—		(1		)	—			—			(1		)
Change in amounts due from/due to consolidated affiliates	—		—			941			(941		)	—
Net cash (used in) provided by financing activities	—		(1		)	782			(941		)	(160		)
Net (decrease) increase in cash and cash equivalents	—		(1,540		)	146			—			(1,394		)
Cash and cash equivalents, beginning of period	—		5,665			699			—			6,364
Cash and cash equivalents, end of period	$	—	$	4,125		$	845		$	—		$	4,970

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Successor
	Year Ended December 31, 2013
	Parent/Issuer			Subsidiary Guarantor			Non- Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	9		$	(458	)	$	388		$	—		$	(61	)
Cash flows from investing activities:
Capital expenditures	—			—			(3,847		)	—			(3,847		)
Expenditures relating to FCC licenses	—			—			(146		)	—			(146		)
Acquisitions, net of cash acquired	(16,640		)	2,528			—			—			(14,112		)
Proceeds from sales and maturities of short-term investments	—			1,715			—			—			1,715
Purchases of short-term investments	—			(1,719		)	—			—			(1,719		)
Change in amounts due from/due to consolidated affiliates	—			(7,189		)	—			7,189			—
Proceeds from sales of assets and FCC licenses	—			—			7			—			7
Investment in consolidated affiliate	(1,900		)	—			—			1,900			—
Intercompany note advance to consolidated affiliate	(8,861		)	—			—			8,861			—
Other, net	—			—			(6		)	—			(6		)
Net cash (used in) provided by investing activities	(27,401		)	(4,665		)	(3,992		)	17,950			(18,108		)
Cash flows from financing activities:
Proceeds from debt and financings	9,000			—			500			—			9,500
Repayments of debt and capital lease obligations	—			—			(3,378		)	—			(3,378		)
Debt financing costs	(139		)	—			(8		)	—			(147		)
Proceeds from issuance of common stock and warrants, net	18,540			27			—			—			18,567
Change in amounts due from/due to consolidated affiliates	—			—			7,189			(7,189		)	—
Intercompany note advance from parent	—			8,861			—			(8,861		)	—
Equity contribution from parent	—			1,900			—			(1,900		)	—
Other, net	(14		)	—			—			—			(14		)
Net cash provided by (used in) financing activities	27,387			10,788			4,303			(17,950		)	24,528
Net (decrease) increase in cash and cash equivalents	(5		)	5,665			699			—			6,359
Cash and cash equivalents, beginning of period	5			—			—			—			5
Cash and cash equivalents, end of period	$	—		$	5,665		$	699		$	—		$	6,364

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Predecessor
	191 Days Ended July 10, 2013
	Subsidiary Guarantor			Non- Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Cash flows from operating activities:
Net cash (used in) provided by operating activities	$	(559	)	$	3,230		$	—		$	2,671
Cash flows from investing activities:
Capital expenditures	—			(3,140		)	—			(3,140		)
Expenditures relating to FCC licenses	—			(125		)	—			(125		)
Acquisitions, net of cash acquired	(4,039		)	—			—			(4,039		)
Investment in Clearwire (including debt securities)	—			(308		)	—			(308		)
Proceeds from sales and maturities of short-term investments	2,445			—			—			2,445
Purchases of short-term investments	(1,221		)	—			—			(1,221		)
Change in amounts due from/due to consolidated affiliates	(372		)	—			372			—
Proceeds from sales of assets and FCC licenses	—			10			—			10
Other, net	—			(7		)	—			(7		)
Net cash (used in) provided by investing activities	(3,187		)	(3,570		)	372			(6,385		)
Cash flows from financing activities:
Proceeds from debt and financings	—			204			—			204
Repayments of debt and capital lease obligations	—			(362		)	—			(362		)
Debt financing costs	(11		)	—			—			(11		)
Proceeds from issuance of common stock, net	60			—			—			60
Change in amounts due from/due to consolidated affiliates	—			372			(372		)	—
Net cash provided by (used in) financing activities	49			214			(372		)	(109		)
Net decrease in cash and cash equivalents	(3,697		)	(126		)	—			(3,823		)
Cash and cash equivalents, beginning of period	5,218			1,133			—			6,351
Cash and cash equivalents, end of period	$	1,521		$	1,007		$	—		$	2,528

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Predecessor
	Three Months Ended March 31, 2013 (Unaudited)
	Subsidiary Guarantor			Non- Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Cash flows from operating activities:
Net cash (used in) provided by operating activities	$	(210	)	$	1,150		$	—		$	940
Cash flows from investing activities:
Capital expenditures	—			(1,381		)	—			(1,381		)
Expenditures relating to FCC licenses	—			(55		)	—			(55		)
Investment in Clearwire (including debt securities)	—			(80		)	—			(80		)
Proceeds from sales and maturities of short-term investments	1,281			—			—			1,281
Purchases of short-term investments	(926		)	—			—			(926		)
Change in amounts due from/due to consolidated affiliates	(236		)	—			236			—
Proceeds from sales of assets and FCC licenses	—			6			—			6
Other, net	—			(3		)	—			(3		)
Net cash provided by (used in) investing activities	119			(1,513		)	236			(1,158		)
Cash flows from financing activities:
Proceeds from debt and financings	—			204			—			204
Repayments of debt and capital lease obligations	—			(59		)	—			(59		)
Debt financing costs	(10		)	—			—			(10		)
Proceeds from issuance of common stock, net	7			—			—			7
Change in amounts due from/due to consolidated affiliates	—			236			(236		)	—
Net cash (used in) provided by financing activities	(3		)	381			(236		)	142
Net (decrease) increase in cash and cash equivalents	(94		)	18			—			(76		)
Cash and cash equivalents, beginning of period	5,218			1,133			—			6,351
Cash and cash equivalents, end of period	$	5,124		$	1,151		$	—		$	6,275