Clearwire 2010 Annual Report Download - page 76
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CLEARWIRE CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
December 31,
2010
December 31,
2009
(In thousands, except par value)
ASSETS
Current assets:
Cash and cash equivalents ....................................... $ 1,233,562 $ 1,698,017
Short-term investments ......................................... 502,316 2,106,661
Restricted cash ............................................... 1,050 1,166
Accounts receivable, net of allowance of $4,313 and $1,956 .............. 26,187 6,253
Notes receivable .............................................. 4,899 5,402
Inventory, net ................................................ 17,432 12,624
Prepaids and other assets ........................................ 80,155 46,466
Total current assets .......................................... 1,865,601 3,876,589
Property, plant and equipment, net ................................. 4,464,534 2,596,520
Restricted cash ............................................... 30,524 5,620
Long-term investments ......................................... 15,251 87,687
Spectrum licenses, net .......................................... 4,417,492 4,495,134
Other intangible assets, net ...................................... 62,908 91,713
Investments in affiliates ......................................... 14,263 10,647
Other assets ................................................. 169,913 103,943
Total assets.................................................... $11,040,486 $11,267,853
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued expenses............................. $ 455,890 $ 496,233
Other current liabilities ......................................... 230,963 47,194
Total current liabilities ........................................ 686,853 543,427
Long-term debt, net............................................ 4,017,019 2,714,731
Deferred tax liabilities, net ...................................... 5,564 6,353
Other long-term liabilities ....................................... 461,052 230,974
Total liabilities ............................................. 5,170,488 3,495,485
Commitments and contingencies (Note 12)
Stockholders’ equity:
Class A common stock, par value $0.0001, 1,500,000 shares authorized;
243,544 and 196,767 shares issued and outstanding, respectively . . ..... 24 20
Class B common stock, par value $0.0001, 1,000,000 shares authorized;
743,481 and 734,239 shares issued and outstanding, respectively . . ..... 74 73
Additional paid-in capital ....................................... 2,221,110 2,000,061
Accumulated other comprehensive income ........................... 2,495 3,745
Accumulated deficit ........................................... (900,493) (413,056)
Total Clearwire Corporation stockholders’ equity .................... 1,323,210 1,590,843
Non-controlling interests ........................................ 4,546,788 6,181,525
Total stockholders’ equity ..................................... 5,869,998 7,772,368
Total liabilities and stockholders’ equity .............................. $11,040,486 $11,267,853
See notes to consolidated financial statements
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