Clearwire 2008 Annual Report Download - page 77

P
r
o
F
o
rm
a
R
eco
n
ci
l
ia
t
ion
Th
e unau
di
te
d
pro
f
orma com
bi
ne
d
statements o
f
operat
i
ons t
h
at
f
o
ll
ows
i
s presente
df
or
i
n
f
ormat
i
ona
l
p
urposes onl
y
and is not intended to represent or be indicative of the combined results of operations that would have
been reported had the Transactions been completed as of Januar
y
1, 2007 and should not be taken as representative
o
f
t
h
e
f
uture conso
lid
ate
d
resu
l
ts o
f
operat
i
ons o
f
t
h
e Company.
T
he following unaudited pro forma combined statements of operations for the years ended December 31, 2008
an
d
2007 were prepare
d
un
d
er Art
i
c
l
e 11-Pro
f
orma F
i
nanc
i
a
l
In
f
ormat
i
on o
f
Secur
i
t
i
es an
d
Exc
h
an
g
e Comm
i
ss
i
on
Re
g
ulation S-X usin
g
(1) the audited consolidated financial statements of Clearwire for the
y
ears ended Decem
-
ber 31, 2008 and 2007; (2) the audited consolidated financial statements of Old Clearwire for the year ende
d
D
ecem
b
er 31, 2007; an
d
(3) t
h
e unau
di
te
d
account
i
n
g
recor
d
s
f
or t
h
e per
i
o
d
Januar
y
1, 2008 to Novem
b
er 28, 2008
for Old Clearwire. The unaudited pro forma combined statements of operations should be read in con
j
unction with
t
hese separate historical financial statements and accompan
y
in
g
notes thereto.
T
he following table provides a reconciliation from the as reported results to the pro forma results presented
a
b
ove
f
or t
h
e Compan
yf
or t
h
e
y
ears en
d
e
d
Decem
b
er 31, 2008 an
d
2007 (
i
nt
h
ousan
d
s)
:
U
NA
U
DITED PR
O
F
O
RMA
CO
MBINED
S
TATEMENT
SO
F
O
PERATI
O
N
S
12 Month Per
i
o
d
Clearwir
e
Corporation(1)
11 Month Per
i
o
d
Old
Clearwir
e
P
urc
h
ase
A
cctn
g
and
Other(2)
C
learw
i
re
Corporation
P
r
o
F
o
rm
a
1
2 Month Per
i
od
C
learwir
e
C
orporation(1
)
1
2 Month Per
i
od
O
l
d
C
learwire
P
urc
h
ase
A
cctn
g
and
O
ther(2)
C
learw
i
re
C
orporatio
n
Pr
o
F
o
rm
a
Hi
s
t
o
ri
ca
lHi
s
t
o
ri
cal
Year Ended December
31, 2008
Year Ended December
31, 2007
(
In thousands
)
REVEN
U
E
S:
.............
$
20,489
$
210,157
$
—
$
230,646
$
—
$
151,440
$
—
$
151,44
0
O
PERATIN
G
EXPEN
S
E
S
Cost of
g
oods and services and
network costs
(
exclusive o
f
items shown separatel
y
below
):
.............
1
31
,
489 154
,
270 — 285
,
759 48
,
865 107
,
281 — 156
,
14
6
S
e
lli
ng, genera
l
an
d
ad
m
i
n
i
strat
i
ve expense
.
..
.
15
0,940 372,381 (38,900)(a) 484,421 99,490 362,063 — 461,
553
D
e
p
reciation and
a
mort
i
zat
i
on
..
........
5
8,146 104,817
(5
2,86
5)(
b
)
128,602 3,979 84,694
(
29,399
)(
b
)
80,76
6
1
8,504
(
c
)
21,492
(
c
)
Sp
ectrum lease ex
p
ense
.
....
90,032 128,550 34,163
(
c
)
250,184 60,051 96,417 37,268
(
c
)
190,942
(2,
5
61)(d) (2,794)(d
)
Transaction related ex
p
enses . . 82,960 46,166 (48,553)(e) — — — — —
(
80,573
)(
f
)
Total operating expenses . . .
5
13,
5
67 806,184 (170,78
5
) 1,148,966 212,38
5
6
5
0,4
55
26,
5
67 889,40
7
O
PERATIN
G
L
OSS
.
........
(
493,078
)(5
96,027
)
170,78
5(
918,320
)(
212,38
5) (
499,01
5) (
26,
5
67
)(
737,967
)
O
THER IN
CO
ME
(
EXPEN
S
E
):
Interest
i
ncome . . .......
.
1
,091 17,478 — 18,
5
69 — 6
5
,736 — 6
5
,736
Interest expense . .
........
(16,
5
4
5
) (94,438) 94,0
55
(
g
) (192,
5
88) — (96,279) 9
5
,28
5
(
g
) (192,624)
(
175,660
)(
h
)(
191,630
)(
h
)
F
orei
g
n currenc
yg
ains (losses),
net................
68
4
(
531
)
— 153 — 363 — 363
L
oss on ext
i
n
g
u
i
s
h
ment o
f
d
e
b
t.
.
.............
—————
(
1
5
9,193) 1
5
9,193(g)
—
O
ther-than-temporar
y
impairment loss and realize
d
l
oss on in
v
estments . .
....
(
17,036
)(
61,411
)
—
(
78,447
)
—
(
35,020
)
—
(
35,020
)
O
ther income (ex
p
ense), net . . (5,856) (2,704) (2,561)(d) (11,121) 4,022 (2,875) (2,794)(d) (1,647)
Tota
l
ot
h
er
i
ncom
e
(
ex
p
ense
)
, net
........
(
37,662
)(
141,606
)(
84,166
)(
263,434
)
4,022
(
227,268
)
60,0
5
4
(
163,192
)
L
OSS
BEF
O
RE N
O
N-
CO
NTR
O
LLIN
G
INTERE
S
T
S
A
ND IN
CO
ME TAXE
S
.
....
(
530,740
)(
737,633
)
86,619
(
1,181,754
)(
208,363
)(
726,283
)
33,487
(
901,159
)
Non-contro
lli
ng
i
nterests
i
n net
l
oss o
f
conso
lid
ate
d
s
u
b
s
idi
ar
i
es
...
........
15
9,721 3,492 704,39
5
(f),(i) 867,608 — 4,244 6
5
8,8
5
4(i) 663,09
8
L
OSS
BEF
O
RE IN
CO
M
E
TAXE
S
.
.
.............
(
371,019
)(
734,141
)
791,014
(
314,146
)(
208,363
)(
722,039
)
692,341
(
238,061
)
6
5