COMPARATIVE HISTORICAL AND PRO FORMA PER SHARE FINANCIAL DATA
The following table sets forth selected historical per share information of T-Mobile and Sprint and unaudited pro forma combined per share information after giving effect to the merger transactions and the other transactions contemplated by the business combination agreement. The pro forma per share information gives effect to the merger transactions as if they had been completed on January 1, 2017, in the case of diluted net income per share data, and March 31, 2018, in the case of book value per share data. The pro forma per share financial information is provided for illustrative purposes only and does not purport to represent what the actual consolidated results of operations or consolidated financial condition would have been had the merger actually occurred on the dates indicated, nor do they purport to project the future consolidated results of operations or consolidated financial condition for any future period or as of any future date. Actual results may differ materially from the assumptions within the accompanying unaudited pro forma per share financial information. The following historical and unaudited pro forma per share financial data should be read in conjunction with the audited financial statements as of and for the year ended December 31, 2017 of T-Mobile, the audited financial statements as of and for the year ended March 31, 2018 of Sprint, and the section entitled “Unaudited Pro Forma Condensed Combined Financial Data” and related notes included in this joint consent solicitation statement/prospectus.
| Three Months Ended March 31, 2018 |
Year Ended December 31, 2017 |
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| T-Mobile Historical Data |
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| Basic net income per share |
$ | 0.78 | $ | 5.39 | ||||
| Diluted net income per share |
$ | 0.78 | $ | 5.20 | ||||
| Book value per share |
$ | 26.82 | $ | 26.26 | ||||
| Sprint Historical Data |
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| Basic net income per share |
$ | 0.02 | $ | 1.85 | ||||
| Diluted net income per share |
$ | 0.02 | $ | 1.81 | ||||
| Book value per share |
$ | 6.60 | $ | 6.60 | ||||
| Combined Company Unaudited Pro Forma Data |
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| Basic net income per share |
$ | 0.79 | $ | 9.98 | ||||
| Diluted net income per share |
$ | 0.78 | $ | 9.63 | ||||
| Book value per share |
$ | 37.58 | $ | 37.19 | ||||
| Sprint Unaudited Pro Forma Equivalent Data(1) |
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| Basic net income per share |
$ | 0.08 | $ | 1.02 | ||||
| Diluted net income per share |
$ | 0.08 | $ | 0.99 | ||||
| Book value per share |
$ | 3.85 | $ | 3.81 | ||||
| (1) | The Sprint unaudited pro forma equivalent data was calculated by multiplying the combined company unaudited pro forma data by the exchange ratio of 0.10256. |
