Clearwire 2008 Annual Report Download - page 74

P
ro Forma Results — Year Ended December 31, 2008
C
om
p
ared to Year Ended December 31, 200
7
T
he unaudited
p
ro forma combined statements of o
p
erations that follows is
p
resented for informational
p
urposes onl
y
and is not intended to represent or be indicative of the combined results of operations that would have
b
een reporte
dh
a
d
t
h
e Transact
i
ons
b
een comp
l
ete
d
as o
f
January 1, 2007 an
d
s
h
ou
ld
not
b
eta
k
en as representat
i
ve
of the future consolidated results of operations of the Compan
y
.
T
he following unaudited pro forma combined statements of operations for the years ended December 31, 2008
and 2007 were prepared under Article 11-Pro forma Financial Information of Securities and Exchange Commission
Re
g
u
l
at
i
on S-X us
i
n
g
(1) t
h
eau
di
te
d
conso
lid
ate
dfi
nanc
i
a
l
statements o
f
C
l
earw
i
re
f
or t
h
e
y
ears en
d
e
d
Decem
-
ber 31, 2008 and 2007; (2) the audited consolidated financial statements of Old Clearwire for the
y
ear ende
d
D
ecember 31, 2007; and (3) the unaudited accounting records for the period January 1, 2008 to November 28, 2008
f
or O
ld
C
l
earw
i
re. T
h
e unau
di
te
d
pro
f
orma com
bi
ne
d
statements o
f
operat
i
ons s
h
ou
ld b
e rea
di
n con
j
unct
i
on w
i
t
h
t
hese separate historical financial statements and accompan
y
in
g
notes thereto. A reconciliation of pro form
a
amounts to reporte
d
amounts
h
as
b
een
i
nc
l
u
d
e
d
un
d
er t
h
e
h
ea
di
ng “Pro Forma Reconc
ili
at
i
on.”
Th
e
f
o
ll
ow
i
n
g
ta
bl
e sets
f
ort
h
pro
f
orma operat
i
n
gd
ata
f
or C
l
earw
i
re a
dj
uste
df
or t
h
ere
l
ate
d
purc
h
ase
account
i
n
g
a
dj
ustments an
d
ot
h
er non-recurr
i
n
g
c
h
ar
g
es,
f
or t
h
e per
i
o
d
s presente
d
(
i
nt
h
ousan
d
s):
UNAUDITED PRO FORMA COMBINED
S
TATEMENT OF OPERATION
S
2008 200
7
(
In thousands)
R
EVENUE
S
:............................................. $ 230,646 $ 151,44
0
O
PERATIN
G
EXPEN
S
E
S
:
C
ost of
g
oods and services and network costs (exclusive of item
s
s
h
own separate
l
y
b
e
l
ow)
:
...............................
.
28
5,
7
5
91
5
6
,
146
Sellin
g
,
g
eneral and administrative expense .
....................
484,421 461,
553
Deprec
i
at
i
on an
d
amort
i
zat
i
on..............................
.
128
,
602 80
,
76
6
S
p
ectrum lease ex
p
ense
...................................
25
0,184 190,94
2
Tota
l
operat
i
n
g
expense
s
.................................
1,
148
,
9
66
889
,
40
7
O
PERATIN
G
L
OSS
........................................
(
918,320) (737,967
)
OTHER INCOME
(
EXPENSE
)
:
I
nterest
i
ncom
e
.........................................
.
1
8
,5
69 6
5,
73
6
I
nterest ex
p
ense
.........................................
(
192,
5
88) (192,624
)
F
ore
i
gn currency ga
i
ns,net................................. 1
53 363
Other-than-temporary impairment loss and realized loss o
n
i
n
v
estments
.
.........................................
.
(
78,447
)(
3
5
,020
)
Other ex
p
ense, net
.......................................
(11,121) (1,
6
47
)
Total other income (ex
p
ense), ne
t
..........................
(
263,434
)(
163,192
)
LOSS
BEF
O
RE N
O
N-
CO
NTR
O
LLIN
G
INTERE
S
T
S
AND IN
CO
ME
TAXE
S
...............................................
(1,181,7
5
4) (901,1
5
9)
N
on-contro
lli
ng
i
nterests
i
n net
l
oss o
f
conso
lid
ate
d
su
b
s
idi
ar
i
es
.
...
.
8
6
7
,6
08
66
3
,
098
LOSS
BEF
O
RE IN
CO
ME TAXE
S
.............................
(
314,14
6
) (238,0
6
1)
Income tax prov
i
s
i
o
n
.....................................
——
N
ET L
OSS
.
............................................. $
(
314,146) $(238,061
)
Revenue
.
Revenue
i
spr
i
mar
ily g
enerate
df
rom su
b
scr
i
pt
i
on an
d
mo
d
em
l
ease
f
ees
f
or our w
i
re
l
ess
b
roa
d-
band service, as well as from activation fees and fees for other services such as email, VoIP telephon
y
, and web
h
ost
i
ng serv
i
ces.
62