Document and Entity Information
| Document and Entity Information Statement - shares | 6 Months Ended | |
| Jun. 30, 2017 | Aug. 03, 2017 | |
| Document and Entity Information [Abstract] | ||
| Entity Registrant Name | NII HOLDINGS INC | |
| Central Index Key | 1,037,016 | |
| Entity Well-Known Seasoned issuer | No | |
| Current Fiscal Year End Date | --12-31 | |
| Entity Current Reporting status | Yes | |
| Entity Volunteer Filers | No | |
| Entity Filer Category | Accelerated Filer | |
| Entity Common Stock, Shares Outstanding | 100,483,280 | |
| Document Fiscal Year Focus | 2,017 | |
| Document Fiscal Period Focus | Q2 | |
| Document Type | 10-Q | |
| Amendment Flag | false | |
| Document Period End Date | Jun. 30, 2017 |
CONDENSED CONSOLIDATED BALANCE
| CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
| Current assets | ||
| Cash and cash equivalents | $ 219,555 | $ 257,380 |
| Short-term investments | 62,856 | 73,859 |
| Accounts receivable, net of allowance for doubtful accounts of $56,475 and $54,221 | 138,097 | 153,806 |
| Handset and accessory inventory | 3,292 | 8,295 |
| Prepaid expenses and other | 234,920 | 280,145 |
| Total current assets | 658,720 | 773,485 |
| Property, plant and equipment, net | 104,833 | 129,475 |
| Intangible assets, net | 196,748 | 243,681 |
| Other assets | 237,733 | 271,868 |
| Total assets | 1,198,034 | 1,418,509 |
| Current liabilities | ||
| Accounts payable | 54,650 | 69,186 |
| Accrued expenses and other | 240,390 | 271,899 |
| Deferred revenues | 7,593 | 11,614 |
| Current portion of long-term debt | 495,921 | 540,474 |
| Total current liabilities | 798,554 | 893,173 |
| Long-term debt | 208,269 | 215,842 |
| Other long-term liabilities | 194,827 | 143,472 |
| Total liabilities | 1,201,650 | 1,252,487 |
| Contingencies (Note 7) | ||
| Stockholders’ (deficit) equity | ||
| Undesignated preferred stock, par value $0.001, 10,000 shares authorized, no shares issued or outstanding | 0 | 0 |
| Common stock, par value $0.001, 140,000 shares authorized, 100,383 shares issued and outstanding — 2017, 100,258 shares issued and outstanding — 2016 | 100 | 100 |
| Paid-in capital | 2,079,639 | 2,076,612 |
| Accumulated deficit | (2,012,239) | (1,834,756) |
| Accumulated other comprehensive loss | (71,116) | (75,934) |
| Total stockholders’ (deficit) equity | (3,616) | 166,022 |
| Total liabilities and stockholders’ (deficit) equity | $ 1,198,034 | $ 1,418,509 |
CONDENSED CONSOLIDATED BALANCE3
| CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
| Statement of Financial Position [Abstract] | ||
| Allowance for doubtful Accounts | $ 56,475 | $ 54,221 |
| Preferred Stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
| Preferred Stock, shares authorized (shares) | 10,000,000 | 10,000,000 |
| Preferred Stock, shares issued (shares) | 0 | 0 |
| Preferred Stock, shares outstanding (shares) | 0 | 0 |
| Common Stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
| Common Stock, shares authorized (shares) | 140,000,000 | 140,000,000 |
| Common Stock, shares issued (shares) | 100,383,000 | 100,258,000 |
| Common Stock, shares outstanding (shares) | 100,383,000 | 100,258,000 |
CONDENSED CONSOLIDATED STATEMEN
| CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
| Jun. 30, 2017 | Jun. 30, 2016 | Mar. 31, 2016 | Jun. 30, 2017 | |
| Operating revenues | ||||
| Service and other revenues | $ 220,079 | $ 243,122 | $ 463,724 | $ 463,572 |
| Handset and accessory revenues | 5,055 | 6,091 | 12,046 | 12,517 |
| Operating revenues | 225,134 | 249,213 | 475,770 | 476,089 |
| Operating expenses | ||||
| Cost of service (exclusive of depreciation and amortization included below) | 87,842 | 81,910 | 171,934 | 190,550 |
| Cost of handsets and accessories | 13,041 | 8,861 | 20,027 | 21,707 |
| Selling, general and administrative | 129,612 | 135,922 | 269,333 | 264,078 |
| Impairment and restructuring charges | 54,235 | 10,557 | 16,472 | 126,174 |
| Depreciation | 5,717 | 29,660 | 59,770 | 14,603 |
| Amortization | 3,618 | 11,054 | 21,049 | 7,757 |
| Operating expenses | 294,065 | 277,964 | 558,585 | 624,869 |
| Operating loss | (68,931) | (28,751) | (82,815) | (148,780) |
| Other (expense) income | ||||
| Interest expense, net | (26,405) | (27,181) | (52,403) | (57,967) |
| Interest income | 7,808 | 10,802 | 20,526 | 16,944 |
| Foreign currency transaction (losses) gains, net | (13,352) | 43,356 | 82,998 | (1,977) |
| Other income (expense), net | 7,186 | (2,446) | (4,942) | 5,413 |
| Other (expense) income | (24,763) | 24,531 | 46,179 | (37,587) |
| Loss from continuing operations before reorganization items and income tax provision | (93,694) | (4,220) | (36,636) | (186,367) |
| Reorganization items | 449 | (223) | (598) | 447 |
| Income tax benefit (provision) | 5,778 | (353) | (369) | 5,778 |
| Net loss from continuing operations | (87,467) | (4,796) | (37,603) | (180,142) |
| Income (loss) from discontinued operations, net of income taxes | 2,697 | (5,075) | (8,856) | 2,659 |
| Net loss | $ (84,770) | $ (9,871) | $ (46,459) | $ (177,483) |
| Net loss from continuing operations per common share, basic and diluted (in dollars per share) | $ (0.87) | $ 0 | $ (370) | $ (1.80) |
| Net income (loss) from discontinued operations per common share, basic and diluted (in dollars per share) | 0.02 | 0 | (90) | 0.03 |
| Net loss per common share, basic and diluted (in dollars per share) | $ (0.85) | $ 0 | $ (460) | $ (1.77) |
| Weighted average number of common shares outstanding, basic and diluted (shares) | 100,298 | 100,013 | 100,009 | 100,279 |
| Comprehensive (loss) income, net of income taxes | ||||
| Foreign currency translation adjustment | $ 12,386 | $ 105,489 | $ 188,993 | $ 4,818 |
| Other comprehensive income | 12,386 | 105,489 | 188,993 | 4,818 |
| Net loss | (84,770) | (9,871) | (46,459) | (177,483) |
| Total comprehensive (loss) income | $ (72,384) | $ 95,618 | $ 142,534 | $ (172,665) |
CONDENSED CONSOLIDATED STATEME5
| CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' (DEFICIT) EQUITY - 6 months ended Jun. 30, 2017 - USD ($) shares in Thousands, $ in Thousands | Total | Common Stock | Paid-in Capital | Accumulated Deficit | Accumulated Other Comprehensive Loss |
| Beginning balance (shares) at Dec. 31, 2016 | 100,258 | ||||
| Beginning balance at Dec. 31, 2016 | $ 166,022 | $ 100 | $ 2,076,612 | $ (1,834,756) | $ (75,934) |
| Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
| Net loss | (177,483) | (177,483) | |||
| Other comprehensive income | 4,818 | 4,818 | |||
| Share-based compensation activity (shares) | 125 | ||||
| Share-based compensation activity | 3,027 | 3,027 | |||
| Ending balance (shares) at Jun. 30, 2017 | 100,383 | ||||
| Ending balance at Jun. 30, 2017 | $ (3,616) | $ 100 | $ 2,079,639 | $ (2,012,239) | $ (71,116) |
CONDENSED CONSOLIDATED STATEME6
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 6 Months Ended | |
| Jun. 30, 2017 | Jun. 30, 2016 | |
| Cash flows from operating activities: | ||
| Net loss | $ (177,483) | $ (46,459) |
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | ||
| (Income) loss from discontinued operations | (2,659) | 8,856 |
| Amortization of debt premiums and financing costs | (1,796) | (38) |
| Depreciation and amortization | 22,360 | 80,819 |
| Provision for losses on accounts receivable | 43,164 | 38,506 |
| Foreign currency transaction losses (gains), net | 1,977 | (82,998) |
| Impairment charges and losses on disposals of fixed assets | 67,038 | 8,573 |
| Share-based payment expense | 2,781 | 3,634 |
| Other, net | 1,000 | 1,448 |
| Change in assets and liabilities: | ||
| Accounts receivable | (29,714) | (30,333) |
| Prepaid value-added taxes | 13,889 | 17,915 |
| Handset and accessory inventory | 4,139 | 12,239 |
| Prepaid expenses and other | (1,592) | 9,423 |
| Other long-term assets | (16,902) | (7,051) |
| Accrued value-added taxes | (210) | (4,126) |
| Other long-term liabilities | 52,978 | 7,845 |
| Accounts payable, accrued expenses, deferred revenues and other | (25,407) | (10,223) |
| Net cash (used in) provided by operating activities | (46,437) | 8,030 |
| Cash flows from investing activities: | ||
| Capital expenditures | (36,991) | (35,662) |
| Purchases of investments | (454,223) | (504,932) |
| Proceeds from sales of investments | 466,680 | 512,860 |
| Change in restricted cash and other deposits | 29,742 | 33,706 |
| Other, net | (1,985) | (2,490) |
| Total investing cash provided by continuing operations | 3,223 | 3,482 |
| Total investing cash provided by discontinued operations | 49,491 | 13,545 |
| Net cash provided by investing activities | 52,714 | 17,027 |
| Cash flows from financing activities: | ||
| Repayments under equipment financing facility and local bank loans | (42,168) | (27,905) |
| Repayments under capital leases and other | (2,119) | (675) |
| Net cash used in financing activities | (44,287) | (28,580) |
| Effect of exchange rate changes on cash and cash equivalents | 185 | (601) |
| Net decrease in cash and cash equivalents | (37,825) | (4,124) |
| Cash and cash equivalents, beginning of period | 257,380 | 342,184 |
| Cash and cash equivalents, end of period | $ 219,555 | $ 338,060 |
Basis of Presentation
| Basis of Presentation | 6 Months Ended |
| Jun. 30, 2017 | |
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
| Basis of Presentation | Basis of Presentation Unless the context requires otherwise, "NII Holdings, Inc.," "NII Holdings," "we," "our," "us" and "the Company" refer to the combined businesses of NII Holdings, Inc. and its consolidated subsidiaries. Our unaudited condensed consolidated financial statements have been prepared under the rules and regulations of the Securities and Exchange Commission, or the SEC. While these financial statements do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements, they reflect all adjustments that, in the opinion of management, are necessary for a fair presentation of the results for interim periods. In addition, the year-end condensed consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States. We refer to our wholly-owned Brazilian operating company, Nextel Telecomunicações Ltda., as Nextel Brazil. As of June 30, 2017, almost all of our financial and other resources are allocated to, and substantially all of our revenues are generated from, our operations in Brazil. You should read these condensed consolidated financial statements in conjunction with the consolidated financial statements and notes contained in our annual report on Form 10-K for the year ended December 31, 2016 and the condensed consolidated financial statements contained in our quarterly report on Form 10-Q for the three months ended March 31, 2017. You should not expect results of operations for interim periods to be an indication of the results for a full year. Our consolidated results from continuing operations in this quarterly report on Form 10-Q include the results of operations of Nextel Brazil and our corporate headquarters. Partnership Agreement. On June 5, 2017, we and AINMT Holdings AB, or AINMT, an international telecommunications company operating primarily in Norway under the "ice.net" brand, along with certain affiliates of ours and AINMT, entered into an agreement to partner in the ownership of Nextel Brazil. This investment agreement provides for an initial investment by AINMT of $50.0 million in Nextel Holdings S. à r.l., or Nextel Holdings, a newly formed subsidiary of NII, which will indirectly own Nextel Brazil, in exchange for 30% ownership in Nextel Holdings and grants AINMT an option to invest an additional $150.0 million in Nextel Holdings. If AINMT exercises this option, AINMT's total $200.0 million investment would result in a 60% controlling stake in Nextel Holdings. AINMT's initial investment was completed on July 20, 2017. Prior to the closing of the initial investment, we contributed $116.6 million in cash to Nextel Holdings. In connection with and subsequent to the closing of the initial investment, we contributed an additional $56.8 million to Nextel Holdings, representing all of our freely distributable cash outside of Nextel Brazil, including proceeds released from escrowed funds from the sale of Nextel Mexico received to date, less $50.0 million we retained for our expenses outside of the partnership. We have also agreed to contribute proceeds arising from the release of escrowed funds from the sale of Nextel Mexico from time to time as they are released. In the second stage of the transaction, AINMT will have an option, exercisable on or prior to November 15, 2017, to invest an additional $150.0 million in Nextel Holdings, which would increase its ownership to 60% . The closing of the second investment is subject to the satisfaction of certain conditions, including approval by our stockholders, receipt of required third party consents and regulatory approvals, transfer of certain guarantees to Nextel Holdings and amendment of each of Nextel Brazil's existing credit facilities. If AINMT exercises its option to make the additional $150.0 million investment in Nextel Holdings, we will seek stockholder approval for the transactions contemplated by this second investment. If AINMT exercises the option, the option may still terminate if the second investment is not completed by January 31, 2018. If and when the second investment closes, we expect to hold a 40% stake in Nextel Holdings and indirectly in Nextel Brazil. Until the second investment closes, we will continue to have a controlling interest in Nextel Brazil and will continue to consolidate this entity and its subsidiaries. Pursuant to the investment agreement, we have agreed to conduct Nextel Brazil's business in the ordinary course and use commercially reasonable efforts to maintain and preserve its business organization and preserve certain business relationships. Going Concern. The accompanying condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. These condensed consolidated financial statements do not include any adjustments that might result from the occurrence of the uncertainties described below. Over the course of the last two years, we have implemented changes in our business to better align our organization and costs with our available sources of funding, as well as to respond to the impact of the current and expected economic and competitive conditions in Brazil. These changes have included improvements to our operations and the implementation of cost savings measures, spending reductions and headcount reductions. As of June 30, 2017, our sources of funding included $282.4 million of cash and short-term investments, $113.8 million in cash held in escrow to secure our indemnification obligations in connection with the sale of Nextel Mexico, and $48.5 million in cash pledged as collateral to secure certain performance bonds relating to our obligations to deploy our WCDMA spectrum in Brazil. In addition, in July 2017, we received $50.0 million in connection with our partnership agreement with AINMT. Based on the weak economy and challenging competitive environment in Brazil that we anticipate will continue, as well as the continued decline of our iDEN business, we expect that our cash flow from operations will be negative for the remainder of 2017. In addition, we expect that our capital expenditures for 2017 will be at levels similar to those experienced in 2016. Based on our projected cash flows, we believe our current sources of funding are adequate to fund our business through the third quarter of 2018. In February 2017, Nextel Brazil and the lenders of our local bank loans entered into amendments to the loan agreements. The amendments provided, among other things, a 120 -day standstill period, effective March 2, 2017, during which time we were not required to pay 84.4 million Brazilian reais, or an estimated $25.2 million based on current foreign currency exchange rates, in principal related to Nextel Brazil's local bank loans. In August 2017, Nextel Brazil and the lenders of our local bank loans agreed to extensions of the previous standstill agreements through October 31, 2017, pursuant to which we are not required to pay an additional estimated $25.2 million in principal related to Nextel Brazil's local bank loans. In addition, upon making the next semi-annual principal payment to the lender of Nextel Brazil's equipment financing facility, which is due in August 2017, we agreed to pay the lenders of our local bank loans the $25.2 million of principal deferred under the original standstill agreement. To the extent Nextel Brazil is unable to finalize long-term amendments by October 31, 2017, we will be required to make catch-up principal payments totaling approximately $25.2 million , followed by the resumption of the amortization schedule contained in the amended agreements. In August 2017, we reached preliminary non-binding agreements with our lenders on the key terms to amend Nextel Brazil's equipment financing facility and its local bank loans. Among other changes, the terms provide for the deferral of principal payments until the end of 2021 and a holiday for financial covenant compliance until June 30, 2020. In exchange for these changes, Nextel Brazil would grant additional security interests to the lenders in the form of preferential rights to amounts held in certain of Nextel Brazil’s bank accounts, among other things. These terms must be finalized in formal amendment agreements, and the final amendments remain subject to review and approval by the lenders. There is no guarantee that we will be able to finalize these amendments on terms acceptable to us or at all. If we are unable to finalize the amendments to the existing loan agreements or secure waivers from the lenders, we could be in default. If a default occurs, the lenders could require us to repay the amounts outstanding under these arrangements. If we are successful in obtaining amendments to Nextel Brazil's financing agreements, we believe our current sources of funding described above will provide us with sufficient liquidity to fund our business beyond 2018. Our sources of funding assume the release of cash held in escrow and cash pledged to secure performance bonds. If the ultimate amount recovered from our cash held in escrow or our cash pledged to secure performance bonds does not meet our current forecasted amount or is delayed for a significant amount of time, our business could be negatively impacted. In addition, if we cannot finalize the amendments to modify the terms of Nextel Brazil’s financing arrangements or obtain access to a significant portion of the escrowed and pledged funds as anticipated in our business plan, we would need to obtain additional funding and/or significantly reduce our planned spending to further preserve our liquidity. In connection with the agreements governing Nextel Brazil's local bank loans, we are required to meet a net debt financial covenant semiannually. In August 2016, Nextel Brazil secured waivers from the lenders of its local bank loans related to this financial covenant for the June 30, 2016 measurement date. In February 2017, Nextel Brazil secured additional waivers from the lenders of these loans related to this financial covenant as of December 31, 2016. The waivers also provided for a "covenant holiday" inclusive of the June 30, 2017 testing period, during which time no compliance was required with respect to the net debt financial covenant. As a result, absent further waivers, the next measurement date for this financial covenant will be December 31, 2017. Likewise, in connection with the agreement and related amendments governing Nextel Brazil's equipment financing facility, we are required to meet certain financial covenants semiannually beginning on December 31, 2017. Based on our current outlook, which reflects significant uncertainty about the economic and competitive conditions in Brazil that are currently impacting our ability to increase our revenues and generate profitability, we believe it is unlikely that we will satisfy the applicable financial covenants included in both of Nextel Brazil's local bank loans and in its equipment financing facility as of the next measurement date at December 31, 2017. If we are unable to finalize the amendments to the existing loan agreements or secure waivers from the lenders, we could be in default. If a default occurs, the lenders could require us to repay the amounts outstanding under these arrangements. In addition, these loan agreements contain cross-acceleration provisions. As of June 30, 2017, we had $218.3 million principal amount outstanding under Nextel Brazil's local bank loans and $269.1 million principal amount outstanding under Nextel Brazil's equipment financing facility. See Note 5 for more information. In addition, in December 2015, Nextel Brazil participated in a spectrum auction and was the successful bidder for 30 megahertz, or MHz, of spectrum in the 1.8 gigahertz, or GHz, band for 455 million Brazilian reais, or approximately $116.7 million based on foreign currency exchange rates at the time. In July 2016, Nextel Brazil paid 45.5 million Brazilian reais, or approximately $14.0 million based on foreign currency exchange rates at the time, in connection with the signing of this license agreement. Nextel Brazil elected to accept the government-provided financing for the remaining amount due for the spectrum. Based on recent discussions with the lender of Nextel Brazil's equipment financing facility, we expect that Nextel Brazil will be able to successfully secure waivers from this lender for Nextel Brazil's incurrance and maintenance of this spectrum financing. In addition, we expect that Nextel Brazil will secure waivers relating to an event of default that resulted from a failure to timely notify this lender of a permitted merger that occurred between two guarantors in Brazil. Until waivers are secured, these events of default remain outstanding, and the lender of Nextel Brazil's equipment financing facility could provide notice to declare the amounts outstanding under this facility due and payable. If we cannot obtain waivers for the existing events of default under Nextel Brazil's equipment financing facility and for the applicable financial covenants we are required to meet as of the December 31, 2017 measurement date, modify the repayment terms of our loans, obtain suitable financing if and when it is required, or obtain access to a significant portion of the escrowed and pledged funds as anticipated in our business plan, our results of operations and liquidity would be negatively impacted, and we may be unable to settle our obligations as they come due. The combination of these conditions continues to raise substantial doubt about our ability to continue as a going concern. New Accounting Pronouncements. In May 2014, the Financial Accounting Standards Board, or the FASB, issued Accounting Standards Update, or ASU, No. 2014-09, "Revenue from Contracts with Customers," which will provide us with a single revenue recognition model for recognizing revenue from contracts with customers and significantly expand the disclosure requirements for revenue arrangements. The new standard, as amended, will be effective for interim and annual reporting periods beginning on January 1, 2018, at which point we plan to adopt the standard. The two permitted transition methods under the new standard are the full retrospective method, in which the standard would be applied to each prior reporting period presented, or the modified retrospective method, in which the cumulative effect of applying the standard would be recognized at the date of initial application, with disclosure of results under the new and old standards for the first year of adoption. We expect to utilize the modified retrospective method. We expect that the new guidance will have a material impact on our financial statements. Upon adoption, we expect that a portion of our revenues related to service plans that are sold concurrently with a subsidized handset will be reallocated from service and other revenues to handset and accessory revenues and that these revenues will be recognized at an earlier point in time compared to our current accounting under the existing authoritative guidance. We also expect that the timing of expense recognition related to certain of our contract acquisition costs, such as sales commissions, will be impacted as these expenses will be capitalized and amortized under the new standard. |
Impairment, Restructuring and O
| Impairment, Restructuring and Other Charges | 6 Months Ended |
| Jun. 30, 2017 | |
| Restructuring and Related Activities [Abstract] | |
| Impairment, Restructuring and Other Charges | Impairment, Restructuring and Other Charges Asset Impairments. During the first quarter of 2017, we reviewed our Nextel Brazil segment for potential impairment and determined that the carrying value of this segment was not fully recoverable. As a result, we recorded a non-cash asset impairment charge of $66.0 million to reduce the carrying values of Nextel Brazil's long-lived assets to their respective fair values and allocated this impairment charge on a pro rata basis between property, plant and equipment and spectrum licenses. During the second quarter of 2017, we reviewed our Nextel Brazil segment for potential impairment and determined that its carrying value was recoverable based on the equity valuation implied in connection with our partnership agreement with AINMT. See Note 1 for more information related to this agreement. During the three and six months ended June 30, 2016, Nextel Brazil recognized $7.3 million and $8.2 million in non-cash asset impairment charges, respectively, the majority of which related to the abandonment of certain transmitter and receiver sites that are no longer required in its business. Restructuring Charges. During the three and six months ended June 30, 2017, Nextel Brazil recognized $49.3 million and $52.6 million in restructuring costs, respectively, the majority of which related to future lease costs for approximately 1,000 transmitter and receiver sites in low-usage areas in connection with Nextel Brazil's radio access network, or RAN, sharing agreement. In addition, during the second quarter of 2017, Nextel Brazil recognized $4.4 million in severance and other related costs resulting from the separation of certain executive level employees. During the three and six months ended June 30, 2016, we recognized $1.3 million and $3.0 million , respectively, in severance and other related costs at the corporate level as a result of the separation of employees in an effort to streamline our organizational structure and reduce general and administrative expenses. During the three and six months ended June 30, 2016, Nextel Brazil recognized $2.0 million and $5.3 million in restructuring charges primarily related to future lease costs for certain transmitter and receiver sites that are no longer required in its business and the closing of office space. Total impairment, restructuring and other charges for the three and six months ended June 30, 2017 and 2016 were as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Brazil $ 53,938 $ 9,244 $ 125,631 $ 13,509 Corporate 297 1,313 543 2,963 Total impairment, restructuring and other charges $ 54,235 $ 10,557 $ 126,174 $ 16,472 As of June 30, 2017, total accrued restructuring charges were as follows (in thousands): Balance, December 31, 2016 $ 24,103 Restructuring charges 57,553 Cash payments (10,757 ) Foreign currency translation adjustment (2,600 ) Balance, June 30, 2017 $ 68,299 |
Supplemental Financial Statemen
| Supplemental Financial Statement Information | 6 Months Ended |
| Jun. 30, 2017 | |
| Supplemental Financial Statement Information [Abstract] | |
| Supplemental Financial Statement Information | Supplemental Financial Statement Information Prepaid Expenses and Other. The components of our prepaid expenses and other current assets are as follows: June 30, December 31, (in thousands) Cash in escrow — Nextel Mexico sale $ 113,812 $ 163,435 Cash collateral related to performance bonds 45,416 30,928 Value-added taxes 26,749 29,829 Prepayment for roaming and radio access network, or RAN, sharing agreements 18,486 27,731 Other prepaid expenses 25,358 23,020 Other current assets 5,099 5,202 $ 234,920 $ 280,145 Property, Plant and Equipment, Net. During the three and six months ended June 30, 2017 and 2016, we capitalized immaterial amounts of interest. The components of our property, plant and equipment, net are as follows: June 30, December 31, (in thousands) Land $ 489 $ 675 Building and leasehold improvements 978 1,489 Network equipment, communication towers and network software 80,849 95,298 Software, office equipment, furniture and fixtures and other 11,987 10,952 Less: Accumulated depreciation (5,134 ) — 89,169 108,414 Construction in progress 15,664 21,061 $ 104,833 $ 129,475 Intangible Assets, Net. Our intangible assets include the following: June 30, 2017 December 31, 2016 Average Useful Life (Years) Gross Carrying Value Accumulated Amortization Net Carrying Value Gross Carrying Value Accumulated Amortization Net Carrying Value (in thousands) Amortizable intangible assets: Licenses 26 $ 184,962 $ (1,813 ) $ 183,149 $ 226,426 $ — $ 226,426 Customer relationships 4 15,299 (1,700 ) 13,599 17,255 — 17,255 $ 200,261 $ (3,513 ) $ 196,748 $ 243,681 $ — $ 243,681 Based on the carrying amount of our intangible assets as of June 30, 2017 and current exchange rates, we estimate amortization expense for each of the next five years ending December 31 to be as follows (in thousands): Y ears Estimated Amortization Expense 2017 $ 15,343 2018 15,172 2019 11,347 2020 7,522 2021 7,522 Actual amortization expense to be reported in future periods could differ from these estimates as a result of additional acquisitions of intangibles, as well as changes in foreign currency exchange rates and other relevant factors. Other Assets. The components of our other long-term assets are as follows: June 30, December 31, (in thousands) Brazil judicial deposits $ 123,200 $ 85,123 Prepayment for roaming and RAN sharing agreements 25,253 56,523 Cash collateral related to performance bonds 3,094 37,433 Other 86,186 92,789 $ 237,733 $ 271,868 Accrued Expenses and Other. The components of our accrued expenses and other are as follows: June 30, December 31, (in thousands) Network system and information technology $ 49,336 $ 50,286 Contingencies 48,316 54,260 Payroll related items and commissions 32,744 45,187 Non-income based taxes 11,548 28,158 Capital expenditures 6,430 17,514 Other 92,016 76,494 $ 240,390 $ 271,899 Other Long-Term Liabilities. The components of our other long-term liabilities are as follows: June 30, December 31, (in thousands) Accrued lease terminations and other restructuring charges $ 74,439 $ 31,365 Non-current withholding taxes 61,001 55,078 Other 59,387 57,029 $ 194,827 $ 143,472 Accumulated Other Comprehensive Loss. As of June 30, 2017 and December 31, 2016 , the tax impact on our accumulated other comprehensive loss was not material. In addition, as of June 30, 2017 and December 31, 2016, all of our accumulated other comprehensive loss represented cumulative foreign currency translation adjustment. Supplemental Cash Flow Information. Six Months Ended June 30, 2017 2016 (in thousands) Capital expenditures Cash paid for capital expenditures, including capitalized interest on property, plant and equipment $ 36,991 $ 35,662 Change in capital expenditures accrued and unpaid or financed, including interest capitalized (18,552 ) (24,531 ) $ 18,439 $ 11,131 In connection with the completion of the sale of Nextel Argentina in January 2016, the promissory note that was initially issued in connection with that transaction was canceled. Other than the cancellation of this promissory note in the first quarter of 2016, we did not have any significant non-cash investing or financing activities during the six months ended June 30, 2017 and 2016. Revenue-Based Taxes. We record certain revenue-based taxes on a gross basis as a component of both service and other revenues and selling, general and administrative expenses in our condensed consolidated financial statements. For the three and six months ended June 30, 2017, we recognized $6.9 million and $17.0 million , respectively, in revenue-based taxes. For the three and six months ended June 30, 2016, we recognized $11.5 million and $25.3 million , respectively, in revenue-based taxes. Diluted Net Loss Per Common Share. As presented for the three and six months ended June 30, 2017 and 2016, our calculation of diluted net loss from continuing operations per common share is based on the weighted average number of common shares outstanding during those periods and does not include other potential common shares, including shares issuable upon the potential exercise of stock options under our stock-based employee compensation plans or restricted common shares issued under those plans since their effect would have been antidilutive. For the three and six months ended June 30, 2017, we did not include 3.6 million and 3.5 million stock options, respectively, in our calculation of diluted net loss from continuing operations per common share because their effect would have been antidilutive. For the three and six months ended June 30, 2017, we did not include 0.3 million and 0.4 million restricted common shares, respectively, in our calculation of diluted net loss from continuing operations per common share because their effect would have been antidilutive. In addition, for both the three and six months ended June 30, 2016, we did not include 3.6 million stock options in our calculation of diluted net loss from continuing operations per common share because their effect would have been antidilutive. For the three and six months ended June 30, 2016, we did not include 0.8 million and 0.9 million restricted common shares, respectively, in our calculation of diluted net loss from continuing operations per common share because their effect would have been antidilutive. |
Discontinued Operations
| Discontinued Operations | 6 Months Ended |
| Jun. 30, 2017 | |
| Discontinued Operations and Disposal Groups [Abstract] | |
| Discontinued Operations | Discontinued Operations Sale of Nextel Mexico. On April 30, 2015, we, together with our wholly-owned subsidiary NIU Holdings LLC, completed the sale of our Mexican operations to New Cingular Wireless, an indirect subsidiary of AT&T. The transaction was structured as a sale of all of the outstanding stock of the parent company of Comunicaciones Nextel de Mexico, S.A. de C.V., or Nextel Mexico, for a purchase price of $1.875 billion , including $187.5 million deposited in escrow to satisfy potential indemnification claims. As of June 30, 2017, $69.7 million of the cash held in escrow has been released to us and $113.8 million remains deposited in escrow related to certain potential tax indemnity claims made by New Cingular Wireless. An additional $3.8 million was released to us in July 2017. While we are required to continue to indemnify New Cingular Wireless for any valid claims that arise in the future, New Cingular Wireless is not permitted to make any additional claims against the escrow account other than for claims relating to the 2012 tax year totaling not more than $3.8 million . The potential tax indemnity claims submitted by New Cingular Wireless purport to relate to various ongoing tax audits by the Mexican tax authorities for the years 2010 through 2014. Of the total potential tax claims, $12.2 million relates to actual assessments that Nextel Mexico has received. The remaining amounts relate to unassessed matters. New Cingular Wireless' claims include $35.5 million related to the audit of Nextel Mexico’s income tax return for 2010. Of the remaining $74.5 million of potential tax claims, $49.0 million relates to the years 2011 and 2012, and $25.5 million relates to the years 2013 and 2014. We are in discussions with the Mexican tax authorities in an effort to settle these audits in order to accelerate the release of the remaining amount in escrow. While we have recently experienced delays with the Mexican tax authorities, we believe that the audits related to the years 2010, 2011 and 2012 are nearing completion, and we are vigorously defending our tax deductions and calculations related to those years. We have not yet received any formal communication about disputed matters from the Mexican tax authorities related to the years 2013 and 2014, and we have informed New Cingular Wireless that we do not believe the associated amounts represent valid claims against our funds held in escrow. While all of these audits are still undergoing investigation, we believe that we will be able to utilize existing federal tax credits to settle any potential exposure to the audit for the years 2010 and 2011. We have not accrued any liabilities related to any of the years under audit as we do not currently believe the amounts are probable of loss. There can be no assurance as to the outcome of the foregoing tax audits or indemnity claims. In connection with the sale of Nextel Mexico, as well as the sale of Nextel Argentina, Nextel Chile and Nextel Peru, which occurred in 2015, 2014 and 2013, respectively, we have reported the results of these operating companies as discontinued operations. Unless otherwise noted, amounts included in these notes to our condensed consolidated financial statements exclude amounts attributable to discontinued operations. |
Debt
| Debt | 6 Months Ended |
| Jun. 30, 2017 | |
| Debt [Abstract] | |
| Debt | Debt As a result of the implementation of fresh start accounting in connection with our emergence from Chapter 11, we remeasured the components of our debt to their fair values as of June 30, 2015. As a result, the carrying values of our bank loans do not represent the outstanding principal balances. The components of our debt are as follows: June 30, 2017 December 31, 2016 (in thousands) Brazil equipment financing facility $ 267,438 $ 291,597 Brazil bank loans 220,605 242,076 Brazil spectrum financing 122,629 125,684 Brazil capital lease and tower financing obligations 93,284 96,722 Other 234 237 Total debt 704,190 756,316 Less: current portion (495,921 ) (540,474 ) $ 208,269 $ 215,842 Brazil Equipment Financing Facility. In December 2014, Nextel Brazil and the lender under its equipment financing facility agreed to amend this facility to remove all financial covenants beginning with the December 31, 2014 measurement date through the June 30, 2017 measurement date so that the first measurement date under the amended facility will be December 31, 2017. In exchange for that covenant relief, Nextel Brazil granted the lender preferential rights to the amounts held in certain bank accounts. Based on our current outlook, which reflects significant uncertainty about the economic and competitive conditions in Brazil that are currently impacting our ability to increase our revenues and generate profitability, we believe it is unlikely that we will satisfy the applicable financial covenants included in Nextel Brazil's equipment financing facility as of the next measurement date at December 31, 2017. In July 2016, Nextel Brazil elected to accept the government-provided financing for the remaining amount due for spectrum. Based on recent discussions with the lender of Nextel Brazil's equipment financing facility, we expect that Nextel Brazil will be able to successfully secure waivers from this lender for Nextel Brazil's incurrance and maintenance of the government-provided spectrum financing. In addition, we expect that Nextel Brazil will secure waivers relating to an event of default that resulted from a failure to timely notify this lender of a permitted merger that occurred between two guarantors in Brazil. Until waivers are secured, these events of default remain outstanding, and the lender of Nextel Brazil's equipment financing facility could provide notice to declare the amounts outstanding under this facility due and payable. Because of these events of default, we have continued to classify the amount outstanding under this facility as a current liability in our condensed consolidated balance sheet as of June 30, 2017. As of June 30, 2017, we had $269.1 million in principal amount outstanding under Nextel Brazil's equipment financing facility. We do not have the ability to borrow additional amounts under this facility. Brazil Bank Loans. In connection with the agreements governing Nextel Brazil's local bank loans, we are required to meet a net debt financial covenant semiannually. In February 2017, Nextel Brazil secured waivers from the lenders of its local bank loans related to this financial covenant for the December 31, 2016 measurement date. The waivers also provide for a "covenant holiday" inclusive of the June 30, 2017 testing period, during which time no compliance was required with respect to the net debt financial covenant. Starting on December 31, 2017, and on each six -month anniversary thereafter, Nextel Brazil must maintain a net debt to earnings before interest, taxes, depreciation and amortization, or EBITDA, ratio over the trailing 12 months of no greater than 2.5 . In addition, in February 2017, Nextel Brazil and the lenders of our local bank loans entered into amendments to these loan agreements. The amendments provided, among other things, a 120 -day standstill period, effective March 2, 2017, during which time no amortization payments were required with respect to the related loans. In August 2017, Nextel Brazil and the lenders of our local bank loans agreed to extensions of the previous standstill agreements through October 31, 2017, pursuant to which we are not required to pay an additional 84.4 million Brazilian reais, or an estimated $25.2 million based on current foreign currency exchange rates, in principal related to Nextel Brazil's local bank loans. In addition, upon making the next semi-annual principal payment to the lender of Nextel Brazil's equipment financing facility, which is due in August 2017, we agreed to pay the lenders of our local bank loans the $25.2 million of principal deferred under the original standstill agreement. To the extent Nextel Brazil is unable to finalize long-term amendments by October 31, 2017, we will be required to make catch-up principal payments totaling approximately $25.2 million , followed by the resumption of the amortization schedule contained in the amended agreements. Based on our current outlook, we believe it is unlikely that we will satisfy one of the applicable financial covenants included in both of Nextel Brazil's local bank loan agreements as of the next measurement date at December 31, 2017. If we are unable to finalize the amendments to the existing loan agreements or secure waivers from the lenders, we could be in default. If a default occurs, the lenders could require us to repay the amounts outstanding under these arrangements. As a result of this uncertainty, we have continued to classify the amounts outstanding under Nextel Brazil's local bank loans as current liabilities in our condensed consolidated balance sheet as of June 30, 2017. As of June 30, 2017, we had $218.3 million principal amount outstanding under Nextel Brazil's local bank loans. In August 2017, we reached preliminary non-binding agreements with our lenders on the key terms to amend Nextel Brazil's equipment financing facility and its local bank loans. Among other changes, the terms provide for the deferral of principal payments until the end of 2021 and a holiday for financial covenant compliance until June 30, 2020. In exchange for these changes, Nextel Brazil would grant additional security interests to the lenders in the form of preferential rights to amounts held in certain of Nextel Brazil’s bank accounts, among other things. These terms must be finalized in formal amendment agreements, and the final amendments remain subject to review and approval by the lenders. There is no guarantee that we will be able to finalize these amendments on terms acceptable to us or at all. |
Fair Value Measurements
| Fair Value Measurements | 6 Months Ended |
| Jun. 30, 2017 | |
| Fair Value Disclosures [Abstract] | |
| Fair Value Measurements | Fair Value Measurements Financial Instruments. Available-for-Sale Securities. As of June 30, 2017 and December 31, 2016 , available-for-sale securities held by Nextel Brazil included $62.7 million and $73.8 million , respectively, in investment funds. As of June 30, 2017, available-for-sale securities held by Nextel Brazil also included an immaterial amount in certificates of deposit with a Brazilian bank. These funds invest primarily in Brazilian government bonds, long-term, low-risk bank certificates of deposit and Brazilian corporate debentures. During the three and six months ended June 30, 2017 and 2016, we did not have any material unrealized gains or losses associated with these investments. We account for our available-for-sale securities at fair value. The fair value of our Brazilian certificates of deposit is based on their current redemption amount, and we classify these certificates of deposit within Level 2 of the fair value hierarchy. The fair value of Nextel Brazil's investment funds is measured based on the funds' net asset value as a practical expedient, which is excluded from the fair value hierarchy. Debt Instruments. The carrying amounts and estimated fair values of our debt instruments are as follows: June 30, 2017 December 31, 2016 Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value (in thousands) Brazil equipment financing $ 267,438 $ 257,967 $ 291,597 $ 280,893 Brazil bank loans and other 220,839 206,727 242,313 221,458 Brazil spectrum financing 122,629 102,518 125,684 117,059 $ 610,906 $ 567,212 $ 659,594 $ 619,410 We estimated the fair value of the Brazil bank loans, as well as the fair value of our equipment financing facility in Brazil, utilizing inputs such as U.S. Treasury security yield curves, prices of comparable bonds, LIBOR, U.S. Treasury bond rates and credit spreads on comparable publicly traded bonds. We consider Nextel Brazil's equipment financing facility, bank loans and other and its spectrum financing to be Level 3 in the fair value hierarchy. Other Financial Instruments. The carrying values of cash and cash equivalents, accounts receivable and accounts payable contained in our condensed consolidated balance sheets approximate their fair values due to the short-term nature of these instruments. |
Contingencies
| Contingencies | 6 Months Ended |
| Jun. 30, 2017 | |
| Commitments and Contingencies [Abstract] | |
| Contingencies | Contingencies Contingencies. Nextel Brazil has received various assessment notices from state and federal Brazilian authorities asserting deficiencies in payments related primarily to value-added taxes, excise taxes on imported equipment and other non-income based taxes. Nextel Brazil has filed various administrative and legal petitions disputing these assessments. In some cases, Nextel Brazil has received favorable decisions, which are currently being appealed by the respective governmental authority. In other cases, Nextel Brazil's petitions have been denied, and Nextel Brazil is currently appealing those decisions. Nextel Brazil also had contingencies related to certain regulatory, civil and labor-related matters as of June 30, 2017 and December 31, 2016. As of June 30, 2017 and December 31, 2016 , Nextel Brazil had accrued liabilities of $76.7 million and $76.8 million , respectively, related to contingencies, of which $2.8 million and $1.4 million related to unasserted claims, respectively. We currently estimate the reasonably possible losses related to matters for which Nextel Brazil has not accrued liabilities, as they are not deemed probable, to be approximately $620.0 million as of June 30, 2017 . We continue to evaluate the likelihood of probable and reasonably possible losses, if any, related to all known contingencies. As a result, future increases or decreases to our accrued liabilities may be necessary and will be recorded in the period when such amounts are determined to be probable and reasonably estimable. Legal Proceedings. We are subject to claims and legal actions that may arise in the ordinary course of business. We do not believe that any of these pending claims or legal actions will have a material effect on our business, financial condition, results of operations or cash flows. |
Income Taxes
| Income Taxes | 6 Months Ended |
| Jun. 30, 2017 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes The realization of deferred tax assets is dependent on the generation of future taxable income sufficient to realize our tax loss carryforwards and other tax deductions. Valuation allowances are required to be recognized on deferred tax assets unless it is determined that it is “more-likely-than-not” that the asset will be realized. In 2016, w e recorded full valuation allowances on the deferred tax assets of our foreign operating companies, our U.S. parent company and subsidiaries and our foreign holding companies due to substantial negative evidence such as the recent history of cumulative losses and the projected losses for the remainder of 2017 and subsequent years. We maintained this same valuation allowance position through the second quarter of 2017 . |
Segment Reporting
| Segment Reporting | 6 Months Ended |
| Jun. 30, 2017 | |
| Segment Reporting [Abstract] | |
| Segment Reporting | Segment Reporting We have determined our reportable segment based on our method of internal reporting, which disaggregates our business by geographic location. We evaluate performance and provide resources to it based on operating income before depreciation, amortization and impairment, restructuring and other charges, which we refer to as segment earnings. Nextel Brazil is our only reportable operating segment. Nextel Brazil Corporate Consolidated (in thousands) Three Months Ended June 30, 2017 Operating revenues $ 225,105 $ 29 $ 225,134 Segment earnings (losses) $ 3,080 $ (8,441 ) $ (5,361 ) Less: Impairment, restructuring and other charges (54,235 ) Depreciation and amortization (9,335 ) Foreign currency transaction losses, net (13,352 ) Interest expense and other, net (11,411 ) Loss from continuing operations before reorganization items and income tax provision $ (93,694 ) Capital expenditures $ 8,988 $ — $ 8,988 Three Months Ended June 30, 2016 Operating revenues $ 249,168 $ 45 $ 249,213 Segment earnings (losses) $ 32,256 $ (9,736 ) $ 22,520 Less: Impairment, restructuring and other charges (10,557 ) Depreciation and amortization (40,714 ) Foreign currency transaction gains, net 43,356 Interest expense and other, net (18,825 ) Loss from continuing operations before reorganization items and income tax provision $ (4,220 ) Capital expenditures $ 3,575 $ — $ 3,575 Six Months Ended June 30, 2017 Operating revenues $ 476,030 $ 59 $ 476,089 Segment earnings (losses) $ 15,453 $ (15,699 ) $ (246 ) Less: Impairment, restructuring and other charges (126,174 ) Depreciation and amortization (22,360 ) Foreign currency transaction losses, net (1,977 ) Interest expense and other, net (35,610 ) Loss from continuing operations before reorganization items and income tax provision $ (186,367 ) Capital expenditures $ 18,439 $ — $ 18,439 Six Months Ended June 30, 2016 Operating revenues $ 475,671 $ 99 $ 475,770 Segment earnings (losses) $ 36,016 $ (21,540 ) $ 14,476 Less: Impairment, restructuring and other charges (16,472 ) Depreciation and amortization (80,819 ) Foreign currency transaction gains, net 82,998 Interest expense and other, net (36,819 ) Loss from continuing operations before reorganization items and income tax provision $ (36,636 ) Capital expenditures $ 11,131 $ — $ 11,131 June 30, 2017 Identifiable assets $ 862,217 $ 335,817 $ 1,198,034 December 31, 2016 Identifiable assets $ 1,000,098 $ 418,411 $ 1,418,509 |
Basis of Presentation Basis of
| Basis of Presentation Basis of Presentation (Policies) | 6 Months Ended |
| Jun. 30, 2017 | |
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
| New Accounting Pronouncements | New Accounting Pronouncements. In May 2014, the Financial Accounting Standards Board, or the FASB, issued Accounting Standards Update, or ASU, No. 2014-09, "Revenue from Contracts with Customers," which will provide us with a single revenue recognition model for recognizing revenue from contracts with customers and significantly expand the disclosure requirements for revenue arrangements. The new standard, as amended, will be effective for interim and annual reporting periods beginning on January 1, 2018, at which point we plan to adopt the standard. The two permitted transition methods under the new standard are the full retrospective method, in which the standard would be applied to each prior reporting period presented, or the modified retrospective method, in which the cumulative effect of applying the standard would be recognized at the date of initial application, with disclosure of results under the new and old standards for the first year of adoption. We expect to utilize the modified retrospective method. We expect that the new guidance will have a material impact on our financial statements. Upon adoption, we expect that a portion of our revenues related to service plans that are sold concurrently with a subsidized handset will be reallocated from service and other revenues to handset and accessory revenues and that these revenues will be recognized at an earlier point in time compared to our current accounting under the existing authoritative guidance. We also expect that the timing of expense recognition related to certain of our contract acquisition costs, such as sales commissions, will be impacted as these expenses will be capitalized and amortized under the new standard. |
| Revenue-Based Taxes | Revenue-Based Taxes. We record certain revenue-based taxes on a gross basis as a component of both service and other revenues and selling, general and administrative expenses in our condensed consolidated financial statements. |
| Diluted Net Loss Per Common Share | Diluted Net Loss Per Common Share. As presented for the three and six months ended June 30, 2017 and 2016, our calculation of diluted net loss from continuing operations per common share is based on the weighted average number of common shares outstanding during those periods and does not include other potential common shares, including shares issuable upon the potential exercise of stock options under our stock-based employee compensation plans or restricted common shares issued under those plans since their effect would have been antidilutive. |
Impairment, Restructuring and17
| Impairment, Restructuring and Other Charges (Tables) | 6 Months Ended |
| Jun. 30, 2017 | |
| Restructuring and Related Activities [Abstract] | |
| Schedule of Total Impairment and Restructuring Charges | Total impairment, restructuring and other charges for the three and six months ended June 30, 2017 and 2016 were as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Brazil $ 53,938 $ 9,244 $ 125,631 $ 13,509 Corporate 297 1,313 543 2,963 Total impairment, restructuring and other charges $ 54,235 $ 10,557 $ 126,174 $ 16,472 |
| Schedule of Total Accrued Restructuring Charges | As of June 30, 2017, total accrued restructuring charges were as follows (in thousands): Balance, December 31, 2016 $ 24,103 Restructuring charges 57,553 Cash payments (10,757 ) Foreign currency translation adjustment (2,600 ) Balance, June 30, 2017 $ 68,299 |
Supplemental Financial Statem18
| Supplemental Financial Statement Information (Tables) | 6 Months Ended |
| Jun. 30, 2017 | |
| Supplemental Financial Statement Information [Abstract] | |
| Schedule of Prepaid Expenses and Other | The components of our prepaid expenses and other current assets are as follows: June 30, December 31, (in thousands) Cash in escrow — Nextel Mexico sale $ 113,812 $ 163,435 Cash collateral related to performance bonds 45,416 30,928 Value-added taxes 26,749 29,829 Prepayment for roaming and radio access network, or RAN, sharing agreements 18,486 27,731 Other prepaid expenses 25,358 23,020 Other current assets 5,099 5,202 $ 234,920 $ 280,145 |
| Schedule of Property, Plant and Equipment, Net | The components of our property, plant and equipment, net are as follows: June 30, December 31, (in thousands) Land $ 489 $ 675 Building and leasehold improvements 978 1,489 Network equipment, communication towers and network software 80,849 95,298 Software, office equipment, furniture and fixtures and other 11,987 10,952 Less: Accumulated depreciation (5,134 ) — 89,169 108,414 Construction in progress 15,664 21,061 $ 104,833 $ 129,475 |
| Schedule of Intangible Assets, Net | Our intangible assets include the following: June 30, 2017 December 31, 2016 Average Useful Life (Years) Gross Carrying Value Accumulated Amortization Net Carrying Value Gross Carrying Value Accumulated Amortization Net Carrying Value (in thousands) Amortizable intangible assets: Licenses 26 $ 184,962 $ (1,813 ) $ 183,149 $ 226,426 $ — $ 226,426 Customer relationships 4 15,299 (1,700 ) 13,599 17,255 — 17,255 $ 200,261 $ (3,513 ) $ 196,748 $ 243,681 $ — $ 243,681 |
| Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | Based on the carrying amount of our intangible assets as of June 30, 2017 and current exchange rates, we estimate amortization expense for each of the next five years ending December 31 to be as follows (in thousands): Y ears Estimated Amortization Expense 2017 $ 15,343 2018 15,172 2019 11,347 2020 7,522 2021 7,522 |
| Schedule of Other Assets | The components of our other long-term assets are as follows: June 30, December 31, (in thousands) Brazil judicial deposits $ 123,200 $ 85,123 Prepayment for roaming and RAN sharing agreements 25,253 56,523 Cash collateral related to performance bonds 3,094 37,433 Other 86,186 92,789 $ 237,733 $ 271,868 |
| Schedule of Accrued Expenses and Other | The components of our accrued expenses and other are as follows: June 30, December 31, (in thousands) Network system and information technology $ 49,336 $ 50,286 Contingencies 48,316 54,260 Payroll related items and commissions 32,744 45,187 Non-income based taxes 11,548 28,158 Capital expenditures 6,430 17,514 Other 92,016 76,494 $ 240,390 $ 271,899 |
| Schedule of Other Long-term Liabilities | The components of our other long-term liabilities are as follows: June 30, December 31, (in thousands) Accrued lease terminations and other restructuring charges $ 74,439 $ 31,365 Non-current withholding taxes 61,001 55,078 Other 59,387 57,029 $ 194,827 $ 143,472 |
| Schedule of Supplemental Cash Flow Information | Six Months Ended June 30, 2017 2016 (in thousands) Capital expenditures Cash paid for capital expenditures, including capitalized interest on property, plant and equipment $ 36,991 $ 35,662 Change in capital expenditures accrued and unpaid or financed, including interest capitalized (18,552 ) (24,531 ) $ 18,439 $ 11,131 |
Debt (Tables)
| Debt (Tables) | 6 Months Ended |
| Jun. 30, 2017 | |
| Debt [Abstract] | |
| Summary of Debt | The components of our debt are as follows: June 30, 2017 December 31, 2016 (in thousands) Brazil equipment financing facility $ 267,438 $ 291,597 Brazil bank loans 220,605 242,076 Brazil spectrum financing 122,629 125,684 Brazil capital lease and tower financing obligations 93,284 96,722 Other 234 237 Total debt 704,190 756,316 Less: current portion (495,921 ) (540,474 ) $ 208,269 $ 215,842 |
Fair Value Measurements (Tables
| Fair Value Measurements (Tables) | 6 Months Ended |
| Jun. 30, 2017 | |
| Fair Value Disclosures [Abstract] | |
| Schedule of carrying amounts and estimated fair values of debt | The carrying amounts and estimated fair values of our debt instruments are as follows: June 30, 2017 December 31, 2016 Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value (in thousands) Brazil equipment financing $ 267,438 $ 257,967 $ 291,597 $ 280,893 Brazil bank loans and other 220,839 206,727 242,313 221,458 Brazil spectrum financing 122,629 102,518 125,684 117,059 $ 610,906 $ 567,212 $ 659,594 $ 619,410 |
Segment Reporting (Tables)
| Segment Reporting (Tables) | 6 Months Ended |
| Jun. 30, 2017 | |
| Segment Reporting [Abstract] | |
| Schedule of Segment Reporting Information | Nextel Brazil Corporate Consolidated (in thousands) Three Months Ended June 30, 2017 Operating revenues $ 225,105 $ 29 $ 225,134 Segment earnings (losses) $ 3,080 $ (8,441 ) $ (5,361 ) Less: Impairment, restructuring and other charges (54,235 ) Depreciation and amortization (9,335 ) Foreign currency transaction losses, net (13,352 ) Interest expense and other, net (11,411 ) Loss from continuing operations before reorganization items and income tax provision $ (93,694 ) Capital expenditures $ 8,988 $ — $ 8,988 Three Months Ended June 30, 2016 Operating revenues $ 249,168 $ 45 $ 249,213 Segment earnings (losses) $ 32,256 $ (9,736 ) $ 22,520 Less: Impairment, restructuring and other charges (10,557 ) Depreciation and amortization (40,714 ) Foreign currency transaction gains, net 43,356 Interest expense and other, net (18,825 ) Loss from continuing operations before reorganization items and income tax provision $ (4,220 ) Capital expenditures $ 3,575 $ — $ 3,575 Six Months Ended June 30, 2017 Operating revenues $ 476,030 $ 59 $ 476,089 Segment earnings (losses) $ 15,453 $ (15,699 ) $ (246 ) Less: Impairment, restructuring and other charges (126,174 ) Depreciation and amortization (22,360 ) Foreign currency transaction losses, net (1,977 ) Interest expense and other, net (35,610 ) Loss from continuing operations before reorganization items and income tax provision $ (186,367 ) Capital expenditures $ 18,439 $ — $ 18,439 Six Months Ended June 30, 2016 Operating revenues $ 475,671 $ 99 $ 475,770 Segment earnings (losses) $ 36,016 $ (21,540 ) $ 14,476 Less: Impairment, restructuring and other charges (16,472 ) Depreciation and amortization (80,819 ) Foreign currency transaction gains, net 82,998 Interest expense and other, net (36,819 ) Loss from continuing operations before reorganization items and income tax provision $ (36,636 ) Capital expenditures $ 11,131 $ — $ 11,131 June 30, 2017 Identifiable assets $ 862,217 $ 335,817 $ 1,198,034 December 31, 2016 Identifiable assets $ 1,000,098 $ 418,411 $ 1,418,509 |
Basis of Presentation (Details)
| Basis of Presentation (Details) $ in Thousands, BRL in Millions | Jul. 21, 2017USD ($) | Jul. 20, 2017USD ($) | Jun. 05, 2017USD ($) | Mar. 02, 2017BRL | Mar. 02, 2017USD ($) | Oct. 31, 2017BRL | Oct. 31, 2017USD ($) | Aug. 31, 2017USD ($) | Jul. 31, 2017USD ($) | Feb. 28, 2017 | Jun. 30, 2017USD ($)guarantor | Dec. 31, 2016USD ($) | Jul. 31, 2016BRL | Jul. 31, 2016USD ($) | Dec. 31, 2015BRL | Dec. 31, 2015USD ($) |
| Cash and investments on hand | $ 282,400 | |||||||||||||||
| Cash in escrow — Nextel Mexico sale | 113,812 | $ 163,435 | ||||||||||||||
| Return of cash collateral | 48,500 | |||||||||||||||
| Debt service obligations, including capital leases | 704,190 | 756,316 | ||||||||||||||
| Brazil equipment financing facility | 267,438 | $ 291,597 | ||||||||||||||
| Nextel Brazil | ||||||||||||||||
| Principal amount outstanding | 218,300 | |||||||||||||||
| Brazil equipment financing facility | $ 269,100 | |||||||||||||||
| Spectrum purchase price | BRL 455 | $ 116,700 | ||||||||||||||
| License agreement payment | BRL 45.5 | $ 14,000 | ||||||||||||||
| Number of guarantors in merger agreement | guarantor | 2 | |||||||||||||||
| Brazil | ||||||||||||||||
| Standstill period where no amortization payments are required | 120 days | 120 days | 120 days | |||||||||||||
| Principal payments | BRL 84.4 | $ 25,200 | ||||||||||||||
| Forecast | Brazil | ||||||||||||||||
| Principal payments | BRL 84.4 | $ 25,200 | $ 25,200 | |||||||||||||
| Subsequent event | Nextel Mexico | Disposed of by sale | ||||||||||||||||
| Proceeds from sale of business retained for expenses | $ 50,000 | |||||||||||||||
| Nextel Holdings | Plan | ||||||||||||||||
| Ownership percentage (as percent) | 40.00% | |||||||||||||||
| Nextel Holdings | Subsequent event | ||||||||||||||||
| Payments to Acquire Interest in Subsidiaries and Affiliates | $ 56,800 | $ 116,600 | ||||||||||||||
| AINMT | Plan | ||||||||||||||||
| Ownership percentage (as percent) | 60.00% | |||||||||||||||
| AINMT | Nextel Holdings | Plan | ||||||||||||||||
| Ownership percentage (as percent) | 60.00% | |||||||||||||||
| AINMT | Nextel Holdings | Subsequent event | ||||||||||||||||
| Ownership percentage (as percent) | 30.00% | |||||||||||||||
| Proceeds from sale of interest in subsidiary | $ 50,000 | |||||||||||||||
| Nextel Holdings | Plan | ||||||||||||||||
| Consideration received for investment | $ 200,000 | |||||||||||||||
| Additional consideration received on investment | $ 150,000 | |||||||||||||||
| Nextel Holdings | Subsequent event | ||||||||||||||||
| Consideration received for investment | $ 50,000 |
Impairment, Restructuring and23
| Impairment, Restructuring and Other Charges - Narrative (Details) site in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | |||
| Jun. 30, 2017USD ($)site | Mar. 31, 2017USD ($) | Jun. 30, 2016USD ($) | Jun. 30, 2017USD ($)site | Jun. 30, 2016USD ($) | |
| Impairment of Long-Lived Assets [Line Items] | |||||
| Restructuring charges | $ 57,553 | ||||
| Number of transmitter and receiver sites terminated | site | 1 | 1 | |||
| Nextel Brazil | |||||
| Impairment of Long-Lived Assets [Line Items] | |||||
| Asset impairment charges | $ 66,000 | ||||
| Nextel Brazil | Contract termination | |||||
| Impairment of Long-Lived Assets [Line Items] | |||||
| Restructuring charges | $ 49,300 | $ 2,000 | $ 52,600 | $ 5,300 | |
| Nextel Brazil | Employee severance | |||||
| Impairment of Long-Lived Assets [Line Items] | |||||
| Restructuring charges | $ 4,400 | 1,300 | 3,000 | ||
| Nextel Brazil | Transmitter and Receiver Sites Abandoned | |||||
| Impairment of Long-Lived Assets [Line Items] | |||||
| Asset impairment charges | $ 7,300 | $ 8,200 | |||
Impairment, Restructuring and24
| Impairment, Restructuring and Other Charges - Restructuring Charges (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
| Jun. 30, 2017 | Jun. 30, 2016 | Mar. 31, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
| Restructuring Cost and Reserve [Line Items] | |||||
| Impairment, restructuring and other charges | $ 54,235 | $ 10,557 | $ 16,472 | $ 126,174 | $ 16,472 |
| Restructuring Reserve [Roll Forward] | |||||
| Beginning balance | 24,103 | ||||
| Restructuring charges | 57,553 | ||||
| Cash payments | (10,757) | ||||
| Foreign currency translation adjustment | (2,600) | ||||
| Ending balance | 68,299 | 68,299 | |||
| Brazil | |||||
| Restructuring Cost and Reserve [Line Items] | |||||
| Impairment, restructuring and other charges | 53,938 | 9,244 | 125,631 | 13,509 | |
| Corporate | |||||
| Restructuring Cost and Reserve [Line Items] | |||||
| Impairment, restructuring and other charges | $ 297 | $ 1,313 | $ 543 | $ 2,963 | |
Supplemental Financial Statem25
| Supplemental Financial Statement Information - Prepaid and Other Assets (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
| Supplemental Financial Statement Information [Abstract] | ||
| Cash in escrow — Nextel Mexico sale | $ 113,812 | $ 163,435 |
| Cash collateral related to performance bonds | 45,416 | 30,928 |
| Value-added taxes | 26,749 | 29,829 |
| Prepayment for roaming and radio access network, or RAN, sharing agreements | 18,486 | 27,731 |
| Other prepaid expenses | 25,358 | 23,020 |
| Other current assets | 5,099 | 5,202 |
| Other Assets, Current | $ 234,920 | $ 280,145 |
Supplemental Financial Statem26
| Supplemental Financial Statement Information - Property, Plant and Equipment (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
| Supplemental Financial Statement Information [Abstract] | ||
| Land | $ 489 | $ 675 |
| Building and leasehold improvements | 978 | 1,489 |
| Network equipment, communication towers and network software | 80,849 | 95,298 |
| Software, office equipment, furniture and fixtures and other | 11,987 | 10,952 |
| Less: Accumulated depreciation | (5,134) | 0 |
| Property, plant and equipment, gross | 89,169 | 108,414 |
| Construction in progress | 15,664 | 21,061 |
| Property, plant and equipment, net | $ 104,833 | $ 129,475 |
Supplemental Financial Statem27
| Supplemental Financial Statement Information - Intangible Assets, Net (Details) - USD ($) $ in Thousands | 6 Months Ended | |
| Jun. 30, 2017 | Dec. 31, 2016 | |
| Finite-Lived Intangible Assets [Line Items] | ||
| Gross Carrying Value | $ 200,261 | $ 243,681 |
| Accumulated Amortization | (3,513) | 0 |
| Net Carrying Value | $ 196,748 | 243,681 |
| Licenses | ||
| Finite-Lived Intangible Assets [Line Items] | ||
| Average Useful Life (Years) | 26 years | |
| Gross Carrying Value | $ 184,962 | 226,426 |
| Accumulated Amortization | (1,813) | 0 |
| Net Carrying Value | $ 183,149 | 226,426 |
| Customer relationships | ||
| Finite-Lived Intangible Assets [Line Items] | ||
| Average Useful Life (Years) | 4 years | |
| Gross Carrying Value | $ 15,299 | 17,255 |
| Accumulated Amortization | (1,700) | 0 |
| Net Carrying Value | $ 13,599 | $ 17,255 |
Supplemental Financial Statem28
| Supplemental Financial Statement Information - Future Estimated Amortization Expense (Details) $ in Thousands | Jun. 30, 2017USD ($) |
| Goodwill and Intangible Assets Disclosure [Abstract] | |
| 2,017 | $ 15,343 |
| 2,018 | 15,172 |
| 2,019 | 11,347 |
| 2,020 | 7,522 |
| 2,021 | $ 7,522 |
Supplemental Financial Statem29
| Supplemental Financial Statement Information - Other Assets (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
| Statement of Financial Position [Abstract] | ||
| Brazil judicial deposits | $ 123,200 | $ 85,123 |
| Prepayment for roaming and RAN sharing agreements | 25,253 | 56,523 |
| Cash collateral related to performance bonds | 3,094 | 37,433 |
| Other | 86,186 | 92,789 |
| Other assets | $ 237,733 | $ 271,868 |
Supplemental Financial Statem30
| Supplemental Financial Statement Information - Accrued Expenses and Other (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
| Supplemental Financial Statement Information [Abstract] | ||
| Network system and information technology | $ 49,336 | $ 50,286 |
| Contingencies | 48,316 | 54,260 |
| Payroll related items and commissions | 32,744 | 45,187 |
| Non-income based taxes | 11,548 | 28,158 |
| Capital expenditures | 6,430 | 17,514 |
| Other | 92,016 | 76,494 |
| Accrued expenses and other | $ 240,390 | $ 271,899 |
Supplemental Financial Statem31
| Supplemental Financial Statement Information - Long-term Liabilities (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
| Supplemental Financial Statement Information [Abstract] | ||
| Accrued lease terminations and other restructuring charges | $ 74,439 | $ 31,365 |
| Non-current withholding taxes | 61,001 | 55,078 |
| Other | 59,387 | 57,029 |
| Other long-term liabilities | $ 194,827 | $ 143,472 |
Supplemental Financial Statem32
| Supplemental Financial Statement Information - Supplemental Cash Flow Disclosures (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
| Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
| Supplemental Financial Statement Information [Abstract] | ||||
| Cash paid for capital expenditures, including capitalized interest on property, plant and equipment | $ 36,991 | $ 35,662 | ||
| Change in capital expenditures accrued and unpaid or financed, including interest capitalized | (18,552) | (24,531) | ||
| Capital expenditures plus accrued unpaid including accreted interest capitalized | $ 8,988 | $ 3,575 | $ 18,439 | $ 11,131 |
Supplemental Financial Statem33
| Supplemental Financial Statement Information - Revenue Based Taxes (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
| Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
| Revenue Recognition [Abstract] | ||||
| Revenue-based taxes and other excise taxes | $ 6.9 | $ 11.5 | $ 17 | $ 25.3 |
Supplemental Financial Statem34
| Supplemental Financial Statement Information - Diluted Net (Loss) Income Per Common Share (Details) - shares shares in Millions | 3 Months Ended | 6 Months Ended | ||
| Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
| Employee Stock Option | ||||
| Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
| Antidilutive securities | 3.6 | 3.6 | 3.5 | 3.6 |
| Restricted Stock | ||||
| Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
| Antidilutive securities | 0.3 | 0.8 | 0.4 | 0.9 |
Discontinued Operations (Detail
| Discontinued Operations (Details) - Mexico - USD ($) $ in Millions | Apr. 30, 2015 | Dec. 31, 2010 | Jul. 31, 2017 | Jun. 30, 2017 |
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
| Purchase price | $ 1,875 | |||
| Deposited in escrow | $ 187.5 | |||
| Release of escrow | $ 69.7 | |||
| Amount remaining in escrow | 113.8 | |||
| Income tax settlement | $ 12.2 | |||
| Potential claims against escrow | 74.5 | |||
| Tax Year 2010 | ||||
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
| Potential claims against escrow | 35.5 | |||
| Tax Years 2011 and 2012 | ||||
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
| Potential claims against escrow | 49 | |||
| Tax Years 2013 and 2014 | ||||
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
| Potential claims against escrow | $ 25.5 | |||
| Subsequent event | ||||
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
| Release of escrow | $ 3.8 |
Debt (Details)
| Debt (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
| Debt [Abstract] | ||
| Brazil equipment financing facility | $ 267,438 | $ 291,597 |
| Brazil bank loans | 220,605 | 242,076 |
| Brazil spectrum financing | 122,629 | 125,684 |
| Brazil capital lease and tower financing obligations | 93,284 | 96,722 |
| Other | 234 | 237 |
| Total debt | 704,190 | 756,316 |
| Less: current portion | (495,921) | (540,474) |
| Total debt, excluding current portion | $ 208,269 | $ 215,842 |
Debt - Narrative (Details)
| Debt - Narrative (Details) $ in Thousands, BRL in Millions | Mar. 02, 2017BRL | Mar. 02, 2017USD ($) | Oct. 31, 2017BRL | Oct. 31, 2017USD ($) | Aug. 31, 2017USD ($) | Feb. 28, 2017 | Jun. 30, 2017USD ($) | Dec. 31, 2016USD ($) |
| Principal amount outstanding under equipment financing facility | $ 267,438 | $ 291,597 | ||||||
| Net debt to EBITDA ratio (no greater than) | 2.5 | |||||||
| Nextel Brazil | ||||||||
| Principal amount outstanding under equipment financing facility | $ 269,100 | |||||||
| Principal amount outstanding under bank loans | $ 218,300 | |||||||
| Brazil | ||||||||
| Standstill period where no amortization payments are required | 120 days | 120 days | 120 days | |||||
| Principal payments | BRL 84.4 | $ 25,200 | ||||||
| Brazil | Forecast | ||||||||
| Principal payments | BRL 84.4 | $ 25,200 | $ 25,200 | |||||
| Brazil | Bank Loans | ||||||||
| Assessment period for EBITDA ratio | 6 months |
Fair Value Measurements - Finan
| Fair Value Measurements - Financial Instruments (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
| Short-term investments | $ 62,856 | $ 73,859 |
| Brazil | ||
| Short-term investments | $ 62,700 | $ 73,800 |
Fair Value Measurements - Carry
| Fair Value Measurements - Carrying Amounts and Estimated Fair Values of Long-Term Debt Instrument (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
| Carrying Amount | $ 610,906 | $ 659,594 |
| Estimated Fair Value | 567,212 | 619,410 |
| Brazil equipment financing | ||
| Carrying Amount | 267,438 | 291,597 |
| Estimated Fair Value | 257,967 | 280,893 |
| Brazil bank loans and other | ||
| Carrying Amount | 220,839 | 242,313 |
| Estimated Fair Value | 206,727 | 221,458 |
| Brazil spectrum financing | ||
| Carrying Amount | 122,629 | 125,684 |
| Estimated Fair Value | $ 102,518 | $ 117,059 |
Contingencies - Narrative (Deta
| Contingencies - Narrative (Details) - USD ($) $ in Millions | Jun. 30, 2017 | Dec. 31, 2016 |
| Estimate of reasonably possible losses, not deemed probable | $ 620 | |
| Nextel Brazil | ||
| Accrued liabilities | 76.7 | $ 76.8 |
| Accrued liabilities related to unasserted claims | $ 2.8 | $ 1.4 |
Segment Reporting (Details)
| Segment Reporting (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||
| Jun. 30, 2017 | Jun. 30, 2016 | Mar. 31, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | Dec. 31, 2016 | |
| Operating revenues | $ 225,134 | $ 249,213 | $ 475,770 | $ 476,089 | $ 475,770 | |
| Segment earnings (losses) | (5,361) | 22,520 | (246) | 14,476 | ||
| Less: | ||||||
| Impairment, restructuring and other charges | (54,235) | (10,557) | (16,472) | (126,174) | (16,472) | |
| Depreciation and amortization | (9,335) | (40,714) | (22,360) | (80,819) | ||
| Foreign currency transaction (losses) gains, net | (13,352) | 43,356 | $ 82,998 | (1,977) | 82,998 | |
| Interest expense and other, net | (11,411) | (18,825) | (35,610) | (36,819) | ||
| Loss from continuing operations before reorganization items and income tax provision | (93,694) | (4,220) | (186,367) | (36,636) | ||
| Capital expenditures | 8,988 | 3,575 | 18,439 | 11,131 | ||
| Identifiable assets | 1,198,034 | 1,198,034 | $ 1,418,509 | |||
| Nextel Brazil | ||||||
| Operating revenues | 225,105 | 249,168 | 476,030 | 475,671 | ||
| Segment earnings (losses) | 3,080 | 32,256 | 15,453 | 36,016 | ||
| Less: | ||||||
| Impairment, restructuring and other charges | (53,938) | (9,244) | (125,631) | (13,509) | ||
| Capital expenditures | 8,988 | 3,575 | 18,439 | 11,131 | ||
| Identifiable assets | 862,217 | 862,217 | 1,000,098 | |||
| Corporate | ||||||
| Operating revenues | 29 | 45 | 59 | 99 | ||
| Segment earnings (losses) | (8,441) | (9,736) | (15,699) | (21,540) | ||
| Less: | ||||||
| Capital expenditures | 0 | $ 0 | 0 | $ 0 | ||
| Identifiable assets | $ 335,817 | $ 335,817 | $ 418,411 | |||