Clearwire 2008 Annual Report Download - page 82

offset by
$
213.0 million paid to to Sprint for partial reimbursement of the pre-closing financing, a
$
50.0 million deb
t
financin
g
fee and a $3.6 million pa
y
ment on our Senior Term Loan Facilit
y.
Net cash provided by financing activities was
$
1.0 billion for the year ended December 31, 2007. This was du
e
t
oa
d
vances
f
rom Spr
i
nt.
C
ontractual Obli
g
ation
s
T
he contractual obli
g
ations presented in the table below represent our estimates of future pa
y
ments under fixed
c
ontractua
l
o
bli
gat
i
ons an
d
comm
i
tments as o
f
Decem
b
er 31, 2008. C
h
anges
i
n our
b
us
i
ness nee
d
sor
i
nterest rates
,
as well as actions b
y
third parties and other factors, ma
y
cause these estimates to chan
g
e. Because these estimate
s
are complex and necessaril
y
sub
j
ective, our actual pa
y
ments in future periods are likel
y
to var
y
from thos
e
p
resente
di
nt
h
eta
bl
e. T
h
e
f
o
ll
ow
i
ng ta
bl
e summar
i
zes our contractua
l
o
bli
gat
i
ons
i
nc
l
u
di
ng pr
i
nc
i
pa
l
an
di
nterest
p
a
y
ments under our debt obli
g
ations, pa
y
ments under our spectrum lease obli
g
ations, and other contractual
obli
g
ations as of December 31, 2008 (in thousands):
Contractual Obligations Total
Less Tha
n
1 Year 1 - 3 Years 3 - 5 Years
O
ver 5 Year
s
Lon
g
-term debt obli
g
ations . . . $ 1,490,838 $ 14,292 $1,476,546 $ — $
—
I
nterest pa
y
ments
(1)
........
4
01
,
665 125
,
007 276
,
658 — —
O
perating lease obligations . . . 2,868,823 119,390 238,357 237,862 2,273,214
S
pectrum
l
ease o
bli
gat
i
on
s
.
..
.
5,
020
,
998 149
,
833 248
,
876 268
,
393 4
,
3
5
3
,
89
6
O
ther contractual
obligations(2
)
.
...........
5
41
,
822 246
,
3
5
7 169
,
483 34
,
460 91
,5
22
Tota
l
....................
$10,324,146 $654,879 $2,409,920 $540,715 $6,718,632
(1) Our
i
nterest payment o
bli
gat
i
ons are est
i
mate
df
or a
ll
years us
i
ng an
i
nterest rate o
f
approx
i
mate
l
y 14.73%,
based on our expected interest rate throu
g
h the term of the loan
.
(2) Inc
l
u
d
es agreements to purc
h
ase equ
i
pment an
di
nsta
ll
at
i
on serv
i
ces,
b
ac
kh
au
l
an
d
ot
h
er goo
d
san
d
serv
i
ce
s
f
rom supp
li
ers w
i
t
h
ta
k
e-or-pa
y
o
blig
at
i
ons
.
We
d
o not
h
ave any o
bli
gat
i
ons t
h
at meet t
h
e
d
e
fi
n
i
t
i
on o
f
an o
ff
-
b
a
l
ance-s
h
eet arrangement t
h
at
h
ave or are
r
easona
bly lik
e
ly
to
h
ave a mater
i
a
l
e
ff
ect on our
fi
nanc
i
a
l
statements
.
Recent Account
i
ng Pronouncement
s
S
FAS No. 141(R)
—
In Decem
b
er 2007, t
h
eF
i
nanc
i
a
l
Account
i
ng Stan
d
ar
d
s Boar
d
,w
hi
c
h
we re
f
er to as t
he
F
ASB,
i
ssue
d
SFAS No. 141
(
rev
i
se
d
2007
),
B
usiness Com
b
inations,w
hi
c
h
we re
f
er to as SFAS No. 141
(
R
)
.In
S
FAS No. 141(R), t
h
e FASB reta
i
ne
d
t
h
e
f
un
d
amenta
l
re
q
u
i
rements o
f
SFAS No. 141 to account
f
or a
ll b
us
i
ness
combinations using the acquisition method (formerly the purchase method) and for an acquiring entity to be
identified in all business combinations. The new standard requires the acquiring entity in a business combination to
r
eco
g
n
i
ze a
ll
(an
d
on
ly
)t
h
e assets acqu
i
re
d
an
dli
a
bili
t
i
es assume
di
nt
h
e Transact
i
ons; esta
bli
s
h
es t
h
e acqu
i
s
i
t
i
on
date fair value as the measurement ob
j
ective for all assets acquired and liabilities assumed; requires transaction
costs to be ex
p
ensed as incurred; and re
q
uires the ac
q
uirer to disclose to investors and other users all of th
e
i
n
f
ormat
i
on t
h
e
y
nee
d
to eva
l
uate an
d
un
d
erstan
d
t
h
e nature an
dfi
nanc
i
a
l
e
ff
ect o
f
t
h
e
b
us
i
ness com
bi
nat
i
on.
S
FAS No. 141(R) is effective for annual periods be
g
innin
g
on or after December 1
5
, 2008. Accordin
g
l
y
,an
y
b
usiness combinations we en
g
a
g
e in will be recorded and disclosed followin
g
existin
g
U.S. GAAP until Januar
y
1
,
2
009. We expect SFAS No. 141(R) w
ill h
ave an
i
mpact on our conso
lid
ate
dfi
nanc
i
a
l
statements w
h
en e
ff
ect
i
ve,
b
ut
t
he nature and ma
g
nitude of the specific effects will depend upon the nature, terms and size of the acquisitions w
e
consummate after the effective date
.
S
FAS No. 1
60
— In December 2007, the FASB issued SFAS No. 1
6
0
,
N
oncontro
ll
ing Interests in Conso
l
i
d
ate
d
Financial
S
tatements, which we refer to as SFAS No. 160. SFAS No. 160 amends Accounting Research
Bulletin No.
5
1
,
C
onsolidated Financial
S
tatement
s
, and requires all entities to report non-controlling (minority)
i
nterests
i
nsu
b
s
idi
ar
i
es w
i
t
hi
n equ
i
t
yi
nt
h
e conso
lid
ate
dfi
nanc
i
a
l
statements,
b
ut separate
f
rom t
h
e parent
7
0