Clearwire 2010 Annual Report Download - page 79

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CLEARWIRE CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY AND COMPREHENSIVE LOSS
For the Years Ended December 31, 2010, 2009 and 2008
Shares Amounts Shares Amounts
Class A
Common Stock
Class B
Common Stock Additional Paid In
Capital
Business Equity of
Sprint WiMAX
Business
Accumulated
Other
Comprehensive
Income
Accumulated
Deficit
Non-controlling
Interests
Total
Stockholders’
Equity
(In thousands)
Balances at January 1, 2008. . . . — $— — $— $ — $ 2,464,936 $ — $ — $ — $ 2,464,936
Net advances from Sprint
Nextel Corporation . . . . . . — — — — — 451,925 — — — 451,925
Net loss . . . . . . . . . . . . . — — — — — (402,693) — — — (402,693)
Comprehensive loss . . . . . — (402,693)
Deferred tax liability retained
by Sprint Nextel
Corporation . . . . . . . . . . — — — — — 755,018 — — — 755,018
Total Sprint Nextel Corporation
contribution at November 28,
2008 . . . . . . . . . . . . . . . — — — — — 3,269,186 — — — 3,269,186
Allocation of Sprint Nextel
Corporation business equity
at closing to Clearwire . . . . — — — — — (3,269,186) — — — (3,269,186)
Recapitalization resulting from
strategic transaction . . . . . 189,484 19 505,000 51 2,092,005 — — — 5,575,480 7,667,555
Net loss . . . . . . . . . . . . . — — — — — — — (29,933) (159,721) (189,654)
Foreign currency translation
adjustment . . . . . . . . . . — — — — — — 2,682 — 7,129 9,811
Unrealized gain on
investments . . . . . . . . . . — — — — — — 512 — 1,361 1,873
Comprehensive loss . . . . . . .
(151,231) (177,970)
Share-based compensation and
other transactions . . . . . . . 518 — — — 856 — — — 12,369 13,225
Balances at December 31, 2008 . . 190,002 19 505,000 51 2,092,861 — 3,194 (29,933) 5,436,618 7,502,810
Net loss . . . . . . . . . . . . . — — — — — — (325,582) (928,264) (1,253,846)
Foreign currency translation
adjustment . . . . . . . . . . — — — — — — 254 — 42 296
Unrealized gain on
investments . . . . . . . . . . — — — — — — 297 — 1,622 1,919
Comprehensive loss . . . . . . .
(926,600) (1,251,631)
Issuance of common stock, net
of issuance costs, and other
capital transactions . . . . . . 6,765 1 229,239 22 (104,148) — — (57,541) 1,655,675 1,494,009
Share-based compensation and
other transactions . . . . . . . — — — — 11,348 — — — 15,832 27,180
Balances at December 31, 2009 . . 196,767 20 734,239 73 2,000,061 — 3,745 (413,056) 6,181,525 7,772,368
Net loss . . . . . . . . . . . . . — — — — — — (487,437) (1,815,657) (2,303,094)
Foreign currency translation
adjustment . . . . . . . . . . — — — — — — (1,180) — (5,042) (6,222)
Unrealized gain on
investments . . . . . . . . . . — — — — — — 437 — 1,917 2,354
Comprehensive loss . . . . . . . (1,818,782) (2,306,962)
Issuance of common stock, net
of issuance costs, and other
capital transactions . . . . . . 46,777 4 9,242 1 208,385 — (507) — 150,123 358,006
Share-based compensation and
other transactions . . . . . . . — — — — 12,664 — — — 33,922 46,586
Balances at December 31, 2010. . 243,544 $24 743,481 $74 $2,221,110 $ — $ 2,495 $(900,493) $ 4,546,788 $ 5,869,998
See notes to consolidated financial statements
74