Clearwire 2010 Annual Report Download - page 124

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CLEARWIRE CORPORATION
CONDENSED STATEMENTS OF CASH FLOWS
Year Ended
December 31,
2010
Year Ended
December 31,
2009
Period From
November 29,
2008
to December 31,
2008
(In thousands)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss.......................................... $(487,374) $(325,582) $ (29,933)
Adjustments to reconcile net loss to net cash used in operating
activities:
Loss from equity investees .......................... 496,875 319,199 29,621
Changes in assets and liabilities, net:
Prepaids and other assets ........................... 1,256 (3,980) 150
Other liabilities .................................. (10,469) 543 162
Net cash provided (used) in operating activities ......... 288 (9,820) —
CASH FLOWS FROM INVESTING ACTIVITIES:
Investment in equity investees ....................... (304,015) (12,196) (500,000)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net advances from Clearwire Communications ........... — 9,820 —
Proceeds from issuance of common stock ............... 303,738 12,196 500,000
Net cash provided by financing activities ............. 303,738 22,016 500,000
Net increase in cash and cash equivalents ................. 11 — —
Cash and cash equivalents:
Beginning of period ................................. — — —
End of period ..................................... $ 11 $ — $ —
119
CLEARWIRE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)