Clearwire 2010 Annual Report Download - page 77
Download and view the complete annual report
Please find page 77 of the 2010 Clearwire annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67 -
68 -
69 -
70 -
71 -
72 -
73 -
74 -
75 -
76 -
77 -
78 -
79 -
80 -
81 -
82 -
83 -
84 -
85 -
86 -
87 -
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
 |
 |
CLEARWIRE CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
2010 2009 2008
Year Ended December 31,
(In thousands, except per share data)
Revenues............................................ $ 556,826 $ 274,458 $ 20,489
Operating expenses:
Cost of goods and services and network costs (exclusive of items
shown separately below) ............................. 927,455 428,348 132,525
Selling, general and administrative expense................. 907,793 553,915 149,904
Depreciation and amortization .......................... 466,112 208,263 58,146
Spectrum lease expense ............................... 279,993 259,359 90,032
Loss from abandonment and impairment of network and other
assets ........................................... 190,352 7,916 —
Transaction related expenses............................ — — 82,960
Total operating expenses............................. 2,771,705 1,457,801 513,567
Operating loss ........................................ (2,214,879) (1,183,343) (493,078)
Other income (expense):
Interest income ..................................... 4,965 9,691 1,091
Interest expense ..................................... (152,868) (69,468) (16,545)
Gain (loss) on derivative instruments ..................... 63,255 (6,976) (6,072)
Other expense, net ................................... (3,723) (3,038) (16,136)
Total other income (expense), net ...................... (88,371) (69,791) (37,662)
Loss before income taxes ................................ (2,303,250) (1,253,134) (530,740)
Income tax benefit (provision) .......................... 156 (712) (61,607)
Net loss............................................. (2,303,094) (1,253,846) (592,347)
Less: non-controlling interests in net loss of consolidated
subsidiaries ........................................ 1,815,657 928,264 159,721
Net loss attributable to Clearwire Corporation ................ $ (487,437) $ (325,582) $(432,626)
Net loss attributable to Clearwire Corporation per Class A
Common Share:
Basic ............................................. $ (2.19) $ (1.72) $ (0.16)
Diluted ........................................... $ (2.46) $ (1.74) $ (0.28)
See notes to consolidated financial statements
72