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CLEARWIRE CORPORATION AND
S
UB
S
IDIARIE
S
CON
S
OLIDATED
S
TATEMENT
S
OF OPERATION
S
2008 2007
Y
ear Ended December
31,
(
In thousands, except pe
r
share data
)
REVEN
U
E
S
.....................................................
$
20
,
489
$—
O
PERATIN
G
EXPEN
S
E
S:
Cost of goods and services and network costs (exclusive of items show
n
separately below) ..............................................
.
1
31
,
489 48
,
86
5
S
ellin
g
,
g
eneral and administrative expense
.............................
15
0,940 99,490
D
e
p
reciation and amortization (Notes
5
and 7) . .
.........................
5
8,146 3,979
Sp
ectrum lease ex
p
ense (Notes
6
and 13
)
...............................
90,032 60,0
5
1
Transact
i
on re
l
ate
d
ex
p
enses (Note 3)
..................................
82,9
6
0
—
T
ota
l
operat
i
ng expenses
.........................................
513
,
567 212
,
385
O
PERATIN
G
L
OSS
................................................
(
493,078) (212,38
5
)
O
THER IN
CO
ME
(
EXPEN
S
E
):
Interest
i
ncome
..................................................
1,091 —
Interest expense
(
Note
10)
..........................................
(
16,545
)—
F
ore
i
gn currency ga
i
ns, ne
t
.........................................
68
4—
Other-than-temporary impairment loss and realized loss on investments (Note 4) . . (17,036) —
Other income (ex
p
ense), net .........................................
(5
,8
5
6
)
4,022
T
otal other income (ex
p
ense), net
...................................
(37,662) 4,022
LOSS
BEF
O
RE N
O
N-
CO
NTR
O
LLIN
G
INTERE
S
T
S
AND IN
CO
ME TAXE
S
.....
(
530,740) (208,363
)
N
on-controllin
g
interests in net loss of consolidated subsidiaries (Note 15
)
......
159
,
721
—
LOSS
BEF
O
RE IN
CO
ME TAXE
S
.
....................................
(
371,019
)(
208,363
)
I
ncome tax provision (Note 9
)
.
......................................
(
61,607
)(
16,362
)
N
ET LOS
S
.......................................................
$
(432,626) $(224,725
)
N
et loss per Class A Common Share (Note 16):
B
as
i
c
..........................................................
$
(
0.16
)
D
il
ute
d
........................................................
$
(
0.28
)
We
igh
te
d
avera
g
eC
l
ass A Common S
h
ares outstan
di
n
g:
Bas
ic
..........................................................
189
,
92
1
Dil
uted
........................................................
6
94,92
1
See notes to consolidated financial statement
s
77