Cricket Wireless 2010 Annual Report Download - page 109
Download and view the complete annual report
Please find page 109 of the 2010 Cricket Wireless 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
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
 |
 |
of the significance of a particular input to the fair value measurement requires judgment, which may affect the
valuation of assets and liabilities and their placement within the fair value hierarchy levels.
Level 1 Level 2 Level 3 Total
At Fair Value as of December 31, 2010
Assets:
Money market funds.......................... $— $168,831 $— $168,831
Commercial paper ........................... — 17,494 — 17,494
U.S. government or government agency securities .... — 108,364 — 108,364
Total....................................... $— $294,689 $— $294,689
Level 1 Level 2 Level 3 Total
At Fair Value as of December 31, 2009
Assets:
Money market funds ......................... $— $ 70,393 $ — $ 70,393
Commercial paper ........................... — 108,952 — 108,952
Asset-backed commercial paper ................. — — 2,731 2,731
U.S. government or government agency securities.... — 350,435 — 350,435
Total....................................... $— $529,780 $2,731 $532,511
Assets in the tables above are reported on the consolidated balance sheets as components of cash and cash
equivalents, short-term investments, restricted cash, cash equivalents and short-term investments and other assets.
The following table provides a summary of the changes in the fair value of the Company’s Level 3 assets (in
thousands).
2010 2009
Year Ended
December 31,
Beginning balance, January 1 ...................................... $2,731 $1,250
Total gains (losses):
Included in net loss ............................................ $3,341 $ 667
Included in comprehensive income (loss) ............................ (1,680) 1,680
Purchases and (sales):
Purchases ................................................... — —
Sales....................................................... (4,392) (866)
Transfers in (out) of Level 3 ..................................... — —
Ending balance, December 31 ...................................... $ — $2,731
Unrealized gains (losses) are presented in accumulated other comprehensive income (loss) within
stockholder’s equity in the consolidated balance sheets. Realized gains (losses) are presented in other income
(expense), net in the consolidated statements of operations.
Cash Equivalents and Short-Term Investments
As of December 31, 2010 and 2009, all of the Company’s short-term investments were debt securities with
contractual maturities of less than one year and were classified as available-for-sale. The fair value of the
Company’s cash equivalents, short-term investments in obligations of the U.S. government and government
103
LEAP WIRELESS INTERNATIONAL, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)