Sprint Operating Expense Reduction and Structural Reform
First written in FY2016. 7 of 13 entries say "Advanced", first in FY2017-Q3. Latest entry: FY2021-Q1.
0 other companies' latest entry also says "Dropped".
- 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 target of reducing operating expenses for Sprint through structural reform ended as a target for the Company's continuing operations following completion of the merger and Sprint's departure from the Company's subsidiaries. - FY2019-Q3Operating expenses continued to increaseAnnual report
「Operating expenses (cost of sales and selling, general and administrative expenses) increased by US$431 million, excluding the impact of applying the new standard, due in part to higher depreciation and amortization expense associated with the increase in handset lease assets.」
Although Sprint's revenue increased, operating expenses also rose due to the increase in handset lease assets and other factors, presenting progress in cost reductions alongside higher expenses. - FY2019-Q2Operating expenses edged upAnnual report
「Even including this downward effect, operating expenses increased by US$86 million (0.6%) year on year to US$14,501 million.」
Sprint's operating expenses increased 0.6% year on year. Even including the downward effect of applying the new standard, actual cost reductions did not result in a year-on-year decrease in expenses, and progress in efficiency improvements was accompanied by a slight increase in expenses. - FY2019-Q1AdvancedAnnual report
「Cost of sales and selling, general and administrative expenses decreased by US$143 million (2.0%) year on year to US$7,092 million.」
Sprint's operating expenses decreased by US$143 million year on year, and actual cost reductions continued. - FY2018AdvancedAnnual report
「Although revenue declined, operating expenses (cost of sales and selling, general and administrative expenses) decreased by US$1,466 million (4.7%) due to a change in the method of providing handset warranty services and lower costs, primarily network-related costs.」
Sprint's operating expenses decreased by US$1,466 million year on year, contributing to increases in segment profit and adjusted EBITDA. - FY2018-Q3AdvancedAnnual report
「Although revenue declined, operating expenses (cost of sales and selling, general and administrative expenses) decreased by US$1,069 million (4.6%) due to lower costs, primarily network-related costs, and a change in the method of providing handset warranty services.」
Sprint's nine-month cumulative operating expenses decreased by US$1,069 million year on year, and continued cost reductions led to higher adjusted EBITDA. - FY2018-Q2AdvancedAnnual report
「Segment profit increased by US$822 million (82.9%) year on year to US$1,813 million. Although revenue declined, operating expenses (cost of sales and selling, general and administrative expenses) decreased by US$703 million (4.7%) through continued cost reductions.」
Sprint's operating expenses decreased by US$703 million year on year, and continued cost reductions led to higher profit. - FY2018-Q1AdvancedAnnual report
「Although revenue increased, operating expenses (cost of sales and selling, general and administrative expenses) decreased by US$129 million (1.8%) from the same period of the previous year.」
Sprint's operating expenses decreased by US$129 million year on year, demonstrating actual cost reductions. - FY2017AdvancedAnnual report
「With respect to cost reductions, substantial reductions, primarily in network-related costs, were achieved during the period by improving operating efficiency.」
Sprint's other operating expenses, including network-related costs, decreased by US$2,037 million year on year, demonstrating actual cost reductions. - FY2017-Q3AdvancedAnnual report
「Other (network-related costs, customer support, advertising expenses, etc.) △US$1,585 million △11.7% • Cost reductions progressed」
Network-related costs, customer support, advertising expenses and other items decreased by US$1,585 million year on year, demonstrating actual progress in cost reductions. - FY2017-Q2RaisedAnnual report
「Cost reductions were progressing steadily toward achieving the target of reducing operating expenses by more than US$2,000 million on a run-rate basis by the end of March 2017, while further cost reductions were also being pursued from the fiscal year ending March 2018 onward.」
The target of reducing costs by more than US$2,000 million by the end of March 2017 was maintained, while additional reductions from the fiscal year ending March 2018 onward were also being pursued. - FY2017-Q1RestatedAnnual report
「Sprint is steadily advancing cost reductions toward achieving the target set out in its "Transformation" plan of reducing operating expenses by more than US$2 billion on a run-rate basis by the end of March 2017.」
The target of reducing operating expenses by more than US$2 billion on a run-rate basis by the end of March 2017 was reiterated at the same level. - FY2016First statedAnnual report
「As a result of this structural reform, operating expense reductions from the current level exceeded US$2 billion on a run-rate basis at the end of March 2017, and the benefits of these reductions were expected to continue from the fiscal year ending March 2018 onward.」
While the Company stated that it had achieved its US$1.5 billion reduction target for the period, it had set a target of reducing operating expenses by more than US$2 billion on a run-rate basis by the end of March 2017.