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SoftBank Group Corp. (9984) · RiskDropped

Sprint's Continued Losses and Free Cash Flow Shortfall

First written in FY2016. 4 of 12 entries say "Mitigated", first in FY2017-Q3. Latest entry: FY2021-Q1.

12entries
5years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2016MaterialisedFY2019-Q3 – FY20192016: 120162017: 420172018: 420182019: 220192020: 12020
Same theme, other companies
Continued losses and insufficient free cash flow at an overseas telecommunications subsidiary after acquisitionA theme 1 companies write about · 1 as a headwind · 0 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. FY2021-Q1DroppedAnnual report

    「As a result, from that date Sprint ceased to be a subsidiary of the Company, and T-Mobile became an equity-method affiliate of the Company.」

    The risk associated with Sprint's persistent losses and free cash flow shortfall as a consolidated subsidiary fell outside the previous scope following completion of the merger and Sprint's departure from the subsidiary group.
  2. FY2019MaterialisedAnnual report

    「Adjusted free cash flow decreased by US$1,859 million from the previous fiscal year to negative US$914 million (Sprint's disclosed figure, based on U.S. GAAP).」

    Sprint's adjusted free cash flow was negative US$914 million for the full year, with the risk of a free cash flow shortfall again materializing in the results.
  3. FY2019-Q3MaterialisedAnnual report

    「Adjusted free cash flow decreased by US$1,560 million from the previous fiscal year to negative US$375 million (Sprint's disclosed figure, based on U.S. GAAP).」

    Sprint's adjusted free cash flow turned negative, from positive US$1,185 million in the same period of the previous year to negative US$375 million, with the shortfall risk becoming an actual deficit.
  4. FY2019-Q2Remained positive but decreased year on yearAnnual report

    「Adjusted free cash flow 788 533 △255 △32.4%」

    Sprint's adjusted free cash flow remained positive at US$533 million but decreased 32.4% year on year.
  5. FY2019-Q1WorsenedAnnual report

    「Adjusted free cash flow decreased by US$360 million, or 97.8%, year on year to US$8 million (Sprint's disclosed figure, based on U.S. GAAP).」

    Although Sprint's adjusted free cash flow remained positive, it fell sharply from US$368 million in the same period of the previous year to US$8 million, causing the risk of a free cash flow shortfall to rise again.
  6. FY2018MitigatedAnnual report

    「Adjusted free cash flow increased by US$338 million (55.7%) from the previous period to US$945 million (Sprint's disclosed figure, based on US GAAP).」

    Sprint's adjusted free cash flow increased its positive balance, and full-year results also indicated a reduced risk of a persistent shortfall.
  7. FY2018-Q3MitigatedAnnual report

    「Adjusted free cash flow increased by US$529 million, or 100.4%, year on year to US$1,056 million.」

    Sprint's adjusted free cash flow doubled year on year, with the positive balance expanding from US$527 million to US$1,056 million.
  8. FY2018-Q2Remained positive but continued to declineAnnual report

    「Adjusted free cash flow decreased by US$514 million, or 43.8%, year on year to US$659 million.」

    Sprint's adjusted free cash flow remained positive but declined 43.8% from the same period of the previous year.
  9. FY2018-Q1Remained positive but decreased year on yearAnnual report

    「Adjusted free cash flow decreased by US$227 million, or 48.7%, year on year to US$239 million.」

    Sprint's adjusted free cash flow remained positive but declined from the same period of the previous year, with the pace of improvement slowing.
  10. FY2017MitigatedAnnual report

    「Adjusted free cash flow turned positive at US$607 million (Sprint's disclosed figure, based on U.S. GAAP).」

    Sprint's adjusted free cash flow turned positive, from negative US$1,404 million in the previous fiscal year to positive US$607 million, reducing the risk of a persistent shortfall.
  11. FY2017-Q3MitigatedAnnual report

    「Adjusted free cash flow △2,007 527 2,534 ―」

    Sprint's adjusted free cash flow turned positive, from negative US$2,007 million in the same period of the previous year to positive US$527 million, indicating an improvement in the persistent free cash flow shortfall.
  12. FY2016First statedAnnual report

    「Through a recovery in revenue and cost reductions, we will quickly turn free cash flow, which has remained negative since the acquisition in July 2013, positive.」

    The disclosure describes a decline in Sprint's revenue, a net loss of ¥230,380 million, and continued negative free cash flow after the acquisition.
Moved together

"Expansion into the semiconductor and IoT sectors through the acquisition of Arm" moved the same way as this thread, in the same document, in 4 of its 12 moves.

444444★123456
  1. ★This thread
  2. 1Expansion into the semiconductor and IoT sectors through the acquisition of Arm4×
  3. 2Acquisition and retention of core lines and bundled sales of telecommunications and broadband services4×
  4. 3Sprint's return to its growth trajectory4×
  5. 4Sprint Operating Expense Reduction and Structural Reform4×
  6. 5Sprint’s Efforts to Improve Liquidity and Diversify Funding Methods4×
  7. 6Revision of Sprint’s capital investment plan to US$2.0–2.3 billion4×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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Sprint's Continued Losses and Free Cash Flow Shortfall | SoftBank Group Corp. (9984) | Komori