Clearwire 2007 Annual Report Download - page 46

(3) Represents our estimate of the number of single residence homes, apartments and condominium units in the
geographic areas in which our wireless broadband service is commercially available. Our estimate is based on
information extrapolated from 2000 U.S. census data and other market information.
(4) Represents the number of individuals and business or governmental entities receiving wireless broadband
connectivity through our network.
2007 2006 2005 2004 2003
As of December 31,
(In thousands)
Balance Sheet Data:
Cash, cash equivalents and investments ..... $1,032,396 $1,101,674 $125,648 $ 91,438 $ 2,721
Property, plant and equipment, net......... 572,329 302,798 145,584 13,126 892
Total assets .......................... 2,685,969 2,068,373 627,918 263,305 29,229
Long-term debt (net of discount of $0,
$110,007, $50,385, $0 and $0).......... 1,234,375 644,438 209,961 — —
Total stockholders’ equity ............... 1,163,832 1,257,609 318,692 241,370 27,841
ITEM 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
The following discussion and analysis summarizes the significant factors affecting our consolidated results of
operations, financial condition and liquidity position for the years ended December 31, 2007, 2006 and 2005 and
should be read in conjunction with our consolidated financial statements and related notes included elsewhere in
this filing. The following discussion and analysis contains forward-looking statements that reflect our plans,
estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking
statements. Factors that could cause or contribute to these differences include those discussed below and elsewhere
in this annual report on Form 10-K, particularly in the section entitled “Risk Factors.”
Forward-Looking Statements
Statements and information included in this Annual Report on Form 10-K by Clearwire Corporation
(“Clearwire,” “we,” “us,” or “our”) that are not purely historical are forward-looking statements within the “safe
harbor” provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements in this Annual Report on Form 10-K represent our beliefs, projections and
predictions about future events. These statements are necessarily subjective and involve known and unknown risks,
uncertainties and other important factors that could cause our actual results, performance or achievements, or
industry results, to differ materially from any future results, performance or achievement described in or implied by
such statements. Actual results may differ materially from the expected results described in our forward-looking
statements, including with respect to the correct measurement and identification of factors affecting our business or
the extent of their likely impact, the accuracy and completeness of publicly available information relating to the
factors upon which our business strategy is based or the success of our business.
When used in this report, the words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “evaluate,”
“opinion,” “may,” “could,” “future,” “potential,” “probable,” “if,” “will” and similar expressions generally identify
forward-looking statements.
Recent Developments and Overview
We build and operate wireless broadband networks that enable fast, simple, portable, reliable and affordable
communications. Our networks cover entire communities, delivering a wireless high-speed Internet connection and
enabling other services and features that create a new communications path into the home or office. We provide a
portable broadband connection that delivers high speed Internet access and enables premium services, such as VoIP
telephony, anytime and anywhere within our coverage area
Our pre-WiMAX network relies on network infrastructure equipment that is based on non-line-of-sight, or
NLOS, Orthogonal Frequency Division Multiplexing, or OFDM, Expedience technologies, from Motorola, Inc. We
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