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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 29, 2009
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SPRINT NEXTEL CORPORATION
(Exact name of Registrant as specified in its charter)
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Kansas 1-04721 48-0457967
(State of Incorporation) (Commission File Number) (I.R.S. Employer
Identification No.)
6200 Sprint Parkway, Overland Park, Kansas 66251
(Address of principal executive offices) Zip Code)
Registrant's telephone number, including area code (800) 829-0965
(Former name or former address, if changed since last report)
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
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Item 7.01 Regulation FD Disclosure.
On July 29, 2009, Sprint Nextel Corporation (the "Company") announced its
results for the second quarter of 2009. Subsequent to this announcement, the
Company has received questions on the Company's adjusted earnings per share for
the second quarter of 2009, which was not provided in the earnings release. We
are providing the computation of adjusted earnings per share below.
Sprint Nextel Corporation
RECONCILIATIONS OF EARNINGS PER SHARE (Unaudited)
(Millions, except per Share Data)
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Quarter Ended Year To Date
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June 30, March 31, June 30, June 30, June 30,
2009 2009 2008 2009 2008
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Net Loss $ (384) $ (594) $ (344) $ (978) $ (840)
Special items (net of taxes)
Merger and integration expense - - 27 - 80
Severance and exit costs (18) 202 66 184 201
Asset impairments and abandonments - 8 (2) 8 6
Equity in losses of investment and
other, net 83 175 - 258 -
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Adjusted Net Loss* $ (319) $ (209) $ (253) $ (528) $ (562)
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Amortization (net of taxes) 278 283 416 561 837
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Adjusted Net (Loss) Income before
Amortization* $ (41) $ 74 $ 163 $ 33 $ 275
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Diluted Loss Per Common Share $ (0.13) $ (0.21) $ (0.12) (0.34) (0.30)
Special items (net of taxes) 0.02 0.14 0.03 0.16 0.10
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Adjusted Loss Per Share* $ (0.11) $ (0.07) $ (0.09) $ (0.18) $ (0.20)
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Amortization (net of taxes) 0.10 0.10 0.15 0.20 0.30
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Adjusted (Loss) Earnings Per Share $ (0.01) 0.03 0.06 0.02 0.10
before Amortization*
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*Adjusted Earnings (Loss) per Share is diluted earnings per share (EPS) before per share special items, net of tax. Adjusted EPS
before Amortization is Adjusted Earnings (Loss) per Share before per share amortization, net of tax.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
SPRINT NEXTEL CORPORATION
Date: July 29, 2009 /s/ Timothy O'Grady
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By: Timothy O'Grady
Assistant Secretary