Clearwire 2008 Annual Report Download - page 124

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R
econci
l
iation o
f
C
h
anges in Business E
q
uit
y
T
he followin
g
is a reconciliation of chan
g
es in business equit
y
for the Sprint WiMAX Business (in thousands)
:
Openin
g
business equit
y
, Januar
y
1, 200
7
...................................
$
1,402,41
0
C
ontr
ib
ut
i
ons an
d
a
d
vances
f
rom S
p
r
i
nt:
C
as
h
a
d
vances
f
rom Spr
i
n
t
............................................
1
,
022
,
59
9
I
ncrease
i
n Spr
i
nt’s accrua
l
s
f
or cap
i
ta
l
expen
di
tures a
d
vances
f
rom Spr
i
nt .
.
......
164
,
65
2
S
p
rint’s
p
urchase of 2.
5
GHz FCC licenses with S
p
rint stock
.
................
.
1
00
,
00
0
Total contributions and advances from S
p
rint
............................
1,287,2
5
1
N
et loss for the
y
ear ended December 31, 2007
..............................
(224,72
5
)
Bus
i
ness equ
i
t
y
at Decem
b
er 31, 2007
.....................................
2
,
4
6
4
,
93
6
C
ontr
ib
ut
i
ons an
d
a
d
vances
f
rom Spr
i
nt
:
C
as
h
a
d
vances
f
rom Spr
i
n
t
...........................................
.
532
,
165
Decrease in S
p
rint’s accrual for ca
p
ital ex
p
enditures advances from S
p
rint. .
.
......
(
92,000
)
S
p
rint’s
p
urchase of 2.
5
GHz FCC license
s
................................
11,760
Total contributions and advances from S
p
rint
............................
45
1,92
5
N
et
l
oss
f
rom Janura
y
1, 2008 to Novem
b
er 28, 200
8
..........................
(402,
6
93)
De
f
erre
d
tax
li
a
bili
t
y
reta
i
ne
dby
Spr
i
n
t
....................................
7
55
,
018
Bus
i
ness equ
i
ty at Novem
b
er 28, 200
8
....................................
.
$
3
,
269
,
18
6
The followin
g
is a recap of the recapitalization from the Transactions as of November 28, 2008 (in thousands):
Business equit
y
in the Sprint WiMAX Business
..............................
$3,269,18
6
Ac
q
uisition of Old Clearwire before settlement los
s
...........................
1
,
198
,
332
I
nvestment b
y
Investors and Sprint
........................................
3
,
200
,
03
7
$
7
,
667
,
555
T
h
e
f
o
ll
ow
i
ng
i
s a reconc
ili
at
i
on
f
rom Novem
b
er 28, 2008 to Decem
b
er 31, 2008 o
f
contro
lli
ng an
d
non-
c
ontro
lli
ng
i
nterests (
i
nt
h
ousan
d
s):
C
ontrolling
I
nt
e
r
est
N
on-Controlling
I
nt
e
r
es
t
sTo
t
al
I
n
i
t
i
a
l
contr
ib
ut
i
on at Novem
b
er 28
,
2008 ...........
$
2
,
092
,
075
$
5
,
575
,
480
$
7
,
667
,
555
Net loss from November 29
,
2008 to December 31
,
2
008
...................................
.
(
29,933
)(
1
5
9,721
)(
189,6
5
4
)
C
hanges in accumulated other comprehensive income . . 3,194 8,490 11,684
O
the
r
...................................... 8
5
6
1
2,369 13,22
5
Endin
g
balance at December 31, 2008
.............
$2,066,192 $5,436,618 $7,502,81
0
16. Net Loss Per
S
har
e
B
as
i
can
d dil
ute
dl
oss per s
h
are
h
as
b
een ca
l
cu
l
ate
di
n accor
d
ance w
i
t
h
SFAS No. 128. Pr
i
or to t
h
eC
l
os
i
n
g
,w
e
had no equity as we were a wholly-owned division of Sprint. As such, we did not calculate or present net loss pe
r
sh
are
f
or t
h
e per
i
o
df
rom January 1, 2008 to Novem
b
er 28, 2008 an
d
t
h
e year en
d
e
d
Decem
b
er 31, 2007. We
h
ave
c
a
l
cu
l
ate
d
an
d
presente
db
as
i
can
d dil
ute
d
net
l
oss per s
h
are
f
or t
h
e per
i
o
df
rom Novem
b
er 29, 2008 t
h
rou
gh
D
ecember 31, 2008
.
112
CLEARWIRE CORPORATION AND
S
UB
S
IDIARIE
S
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS —
(
Continued
)