Clearwire 2010 Annual Report Download - page 114

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Net loss per share attributable to holders of Class A Common Stock on a diluted basis, assuming conversion of
the Clearwire Communications Class B Common Interests and Class B Common Stock and conversion of the
Exchangeable Notes, is calculated based on the following information (in thousands, except per share amounts):
Year Ended
December 31,
2010
Year Ended
December 31,
2009
Period From
November 29,
2008 to
December 31,
2008
Net loss attributable to Class A Common Stockholders . . . $ (487,437) $ (335,073) $ (29,933)
Non-controlling interests in net loss of consolidated
subsidiaries . ................................ (1,815,657) (928,264) (159,721)
Tax adjustment resulting from dissolution of Clearwire
Communications.............................. (27,117) (27,356) (4,158)
Reversal of gain on Exchange Options and Exchangeable
Notes interest expense, upon exchange of notes ....... (58,296) — —
Net loss available to Class A Common Stockholders,
assuming the exchange of Class B to Class A Common
Stock and conversion of the Exchangeable Notes...... $(2,388,507) $(1,290,693) $(193,812)
Weighted average shares Class A Common Stock
outstanding . ................................ 222,527 194,696 189,921
Weighted average shares converted from Class B Common
Stock outstanding ............................. 741,962 546,375 505,000
Weighted average shares converted from the Exchangeable
Notes ...................................... 6,276 — —
Total weighted average shares Class A Common Stock
outstanding (diluted) ........................... 970,765 741,071 694,921
Net loss per share .............................. $ (2.46) $ (1.74) $ (0.28)
Higher net loss per share on a diluted basis is due to the hypothetical loss of partnership status for Clearwire
Communications upon conversion of all Clearwire Communications Class B Common Interests and Class B
Common Stock and the conversion of the non-controlling interests discussed above as well as the hypothetical
conversion of the Exchangeable Notes.
The diluted weighted average shares did not include the effects of the following potential common shares as
their inclusion would have been antidilutive (in thousands):
Year Ended
December 31,
2010
Year Ended
December 31,
2009
Period From
November 29,
2008 to
December 31,
2008
Stock options ................................ 18,380 22,154 19,317
Restricted stock units .......................... 12,414 9,488 3,054
Warrants .................................... 17,806 17,806 17,806
Subscription rights ............................ 22,657 — —
Contingent shares ............................. 1,519 12,747 28,824
72,776 62,195 69,001
109
CLEARWIRE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)