Clearwire 2008 Annual Report Download - page 125

At t
h
eC
l
os
i
ng, Spr
i
nt exc
h
ange
di
ts owners
hi
p
i
nus
f
or C
l
earw
i
re C
l
ass B Common Stoc
k
an
d
C
l
earw
i
r
e
Communications Class B Common Interests. The Investors, other than Google, contributed
$
2.7 billion to
Clearwire in exchan
g
e for Clearwire Class B Common Stock and Clearwire Communications Class B Commo
n
Interests. Google invested
$
500 million in exchange for 25 million shares of Clearwire Class A Common Stock
.
Cl
earw
i
re C
l
ass B Common Stoc
kh
o
ld
ers
d
o not contractua
lly
part
i
c
i
pate
i
n
di
str
ib
ut
i
ons o
f
C
l
earw
i
re
;
however Clearwire Class B Common Stockholders receive an income allocation in accordance with their non-
c
ontrolling interests in Clearwire Communications, which is consolidated into Clearwire. For this reason, Clearwir
e
C
l
ass B Common Stoc
kl
oss per s
h
are
i
s not presente
d
on t
h
e conso
lid
ate
d
statements o
f
operat
i
ons.
Basic Net Loss Per
Sh
are
Th
e net
l
oss per s
h
are ava
il
a
bl
eto
h
o
ld
ers o
f
C
l
earw
i
re C
l
ass A Common Stoc
ki
sca
l
cu
l
ate
d
as
f
o
ll
ows (
in
th
ousan
d
s, except per s
h
are amounts)
:
P
e
ri
od
Fr
o
m
N
ovember 29, 2008 t
o
December 31
,
200
8
P
os
tTr
a
n
sac
ti
o
n
Net
l
oss
b
e
f
ore non-contro
lli
n
gi
nterest
s
..............................
$
(
189,654
)
Non-contro
lli
ng
i
nterests
i
n net
l
oss o
f
conso
lid
ate
d
su
b
s
idi
ar
i
e
s
............ 159
,
721
N
et loss available to Clearwire Class A Common Stockholders .............
$
(
29,933
)
T
he net loss
p
er share is calculated as follows (in thousands, exce
p
t
p
er share amounts):
Outstandin
g
D
ecember 31,
2
008
W
eighte
d
A
verage Shares
Outstanding
(
1
)
I
n
co
m
e
Allocation
(
2
)
Loss Per Share
Cl
ear
wi
re
Cl
ass A
C
ommon
S
toc
k
....
190,002 189,921
$(
29,933
)$(
0.16
)
(1) Represents t
h
ewe
i
g
h
te
d
average outstan
di
ng s
h
ares
f
rom Novem
b
er 29, 2008 t
h
roug
h
Decem
b
er 31, 2008. A
t
th
eC
l
os
i
n
g
, Spr
i
nt an
d
t
h
e Investors, ot
h
er t
h
an Goo
gl
e, were
i
ssue
d
C
l
earw
i
re Commun
i
cat
i
ons C
l
ass
B
Common Interests and an e
q
ual number of Clearwire Class B Common Stock.
(2) Clearwire Class B Common Stockholders do not contractuall
y
participate in distributions of Clearwire
,
however Clearwire Class B Common Stockholders receive an income allocation in accordance with their non
-
c
ontro
lli
n
gi
nterests
i
nC
l
earw
i
re Commun
i
cat
i
ons, w
hi
c
hi
s conso
lid
ate
di
nto C
l
earw
i
re
.
D
iluted Loss Per
S
hare
Th
e
hy
pot
h
et
i
ca
l
exc
h
an
g
eo
f
C
l
earw
i
re Commun
i
cat
i
ons C
l
ass B Common Interests to
g
et
h
er w
i
t
h
C
l
earw
i
re
C
l
ass B Common Stoc
kf
or C
l
earw
i
re C
l
ass A Common Stoc
k
w
ill h
ave a
dil
ut
i
ve e
ff
ect on
dil
ute
dl
oss
p
er s
h
are
due to certain tax effects for the period from November 29, 2008 through December 31, 2008. That exchange woul
d
r
esu
l
t
i
n
b
ot
h
an
i
ncrease
i
nt
h
e num
b
er o
f
C
l
earw
i
re C
l
ass A Common Stoc
k
outstan
di
n
g
an
d
a correspon
di
n
g
i
ncrease
i
nt
h
e net
l
oss attr
ib
uta
bl
etot
h
eC
l
earw
i
re C
l
ass A Common Stoc
kh
o
ld
ers t
h
rou
gh
t
h
ee
li
m
i
nat
i
on o
f
t
he
n
on-controllin
g
interests allocation. Further, to the extent that all of the Clearwire Communications Class B
Common Interests an
d
C
l
earw
i
re C
l
ass B Common Stoc
k
are converte
d
to C
l
earw
i
re C
l
ass A Common Stoc
k,
t
he
C
l
earw
i
re Commun
i
cat
i
ons partners
hi
p structure w
ill
no
l
onger ex
i
st an
d
C
l
earw
i
re w
ill b
e requ
i
re
d
to recogn
i
ze a
t
ax provision related to indefinite lived intan
g
ible assets
.
113
CLEARWIRE CORPORATION AND
S
UB
S
IDIARIE
S
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS —
(
Continued
)