SELECTED UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL DATA
The following selected unaudited pro forma condensed combined financial information presents the unaudited pro forma condensed combined balance sheet as of March 31, 2018 and the unaudited pro forma condensed combined statements of operations for the year ended December 31, 2017 and the three months ended March 31, 2018. The unaudited pro forma condensed combined balance sheet as of March 31, 2018 combines the historical unaudited condensed consolidated balance sheet of T-Mobile as of March 31, 2018 and historical audited consolidated balance sheet of Sprint as of March 31, 2018, giving effect to (1) the merger transactions as if they had been completed on March 31, 2018 and (2) the assumptions and adjustments described in the notes to the unaudited pro forma condensed combined financial information included in this joint consent solicitation statement/prospectus. The unaudited pro forma condensed combined statements of operations for the three months ended March 31, 2018 and the fiscal year ended December 31, 2017 give effect to (1) the merger transactions as if they been completed on January 1, 2017, the beginning of T-Mobile’s most recently completed fiscal year and (2) the assumptions and adjustments described in the notes to the unaudited pro forma condensed combined financial information included in this joint consent solicitation statement/prospectus. The selected unaudited pro forma condensed combined 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 selected unaudited pro forma condensed combined financial information. The following selected unaudited pro forma condensed combined financial data should be read in conjunction with 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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| (in millions, except share and per share amounts) |
(in millions, except share and per share amounts) |
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| Pro Forma Condensed Combined Statement of Operations Data |
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| Total revenues |
$ | 18,467 | $ | 72,734 | ||||
| Operating income |
2,098 | 9,368 | ||||||
| Net income |
1,009 | 12,530 | ||||||
| Earnings per share |
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| Basic |
$ | 0.79 | $ | 9.98 | ||||
| Diluted |
$ | 0.78 | $ | 9.63 | ||||
| Weighted-average shares outstanding |
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| Basic |
1,280,535,910 | 1,257,163,319 | ||||||
| Diluted |
1,293,805,365 | 1,301,900,576 | ||||||
| As of March 31, 2018 |
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| (in millions) | ||||
| Pro Forma Condensed Combined Balance Sheet Data |
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| Cash and cash equivalents |
$ | 15,195 | ||
| Total assets |
159,881 | |||
| Debt |
78,471 | |||
| Total stockholders’ equity |
48,040 | |||
