Clearwire 2008 Annual Report Download - page 116

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Th
e
f
o
ll
ow
i
ng ta
bl
e summar
i
zes our
fi
nanc
i
a
l
assets an
dli
a
bili
t
i
es
b
y
l
eve
l
w
i
t
hi
nt
h
eva
l
uat
i
on
hi
erarc
h
ya
t
D
ecem
b
er 31, 2008
(i
nt
h
ousan
d
s
):
Q
uoted
P
r
i
ces
i
n
Act
i
v
e
M
ar
k
ets
(
Level 1
)
S
ignifican
t
O
the
r
O
bservable
I
nput
s
(
Level 2
)
S
i
g
nificant
Unobservabl
e
I
nputs
(
Level 3
)
T
otal
F
air
V
alu
e
F
i
nanc
i
a
l
assets:
C
ash and cash e
q
uivalent
s
.
..........
$
1
,
206
,
143
$
—
$
—
$
1
,
206
,
14
3
Short-term investments
..............
$
1,901,749 $ — $ — $1,901,74
9
Lon
g
-term investments
.
............. $ — $ —
$
18,974 $ 18,974
F
inancial liabilities
:
I
nterest rate swaps
.
................
$
—
$
—
$
21
,
591
$
21
,
591
De
b
t..
.
........................
$
—
$
—
$
1
,
364
,
790
$
1
,
364
,
79
0
Th
e
f
o
ll
ow
i
ng ta
bl
e prov
id
es a reconc
ili
at
i
on o
f
t
h
e
b
eg
i
nn
i
ng an
d
en
di
ng
b
a
l
ances
f
or t
h
ema
j
or c
l
asses o
f
assets and liabilities measured at fair value usin
g
si
g
nificant unobservable inputs (Level 3) (in thousands)
:
L
evel
3
Financial Asset
s
L
evel 3
Financial Liabilities
B
alance at Januar
y
1, 2008 ............................ $ — $ —
B
a
l
ances ac
q
u
i
re
df
rom O
ld
C
l
earw
i
r
e
....................
36
,011 1,203,019
A
ddi
t
i
ona
l
tranc
h
e on Sen
i
or Term Loan Fac
ili
t
y
............ —
1
79
,
19
6
P
ayments on Sen
i
or Term Loan Fac
ili
t
y
...................
—
(
3,573
)
Accret
i
on o
fd
e
b
t
di
scoun
t
.............................
—
1,
667
T
otal losses included in net loss
:
Other-than-temporar
y
impairment loss and realized loss o
n
investments
.
...................................
(
17,037
)—
Other income (ex
p
ense), net
.........................
— 6,072
B
a
l
ance at Decem
b
er 31
,
2008 .........................
$
18
,
974
$
1
,
386
,
38
1
13.
C
omm
i
tments and
C
ont
i
ngenc
i
es
O
ur commitments for non-cancelable operatin
g
leases consist mainl
y
of leased spectrum license fees, office
s
pace, equipment and certain of our network equipment situated on leased sites, includin
g
land, towers and rooftop
l
ocat
i
ons. Certa
i
no
f
t
h
e
l
eases prov
id
e
f
or m
i
n
i
mum
l
ease payments, a
ddi
t
i
ona
l
c
h
arges an
d
esca
l
at
i
on c
l
auses
.
L
ease
d
spectrum a
g
reements
h
ave
i
n
i
t
i
a
l
terms o
f
up to 30
y
ears. Ot
h
er operat
i
n
gl
eases
g
enera
lly h
ave
i
n
i
t
i
a
l
term
s
of five
y
ears with multiple renewal options for additional five-
y
ear terms totalin
g
between 20 and 25
y
ears.
10
4
C
LEARWIRE
CO
RP
O
RATI
O
N AND
SU
B
S
IDIARIE
S
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS —
(
Continued
)