Cricket Wireless 2010 Annual Report Download - page 143

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Condensed Consolidating Statement of Operations for the Year Ended December 31, 2009
(in thousands):
Guarantor
Parent
Company
Issuing
Subsidiary
Guarantor
Subsidiary
Non-Guarantor
Subsidiaries
Consolidating
and
Eliminating
Adjustments Consolidated
Revenues:
Service revenues . . . . . . . . . $ — $2,098,448 $ — $ 143,497 $ 43 $2,241,988
Equipment revenues . . . . . . . — 220,651 — 18,682 — 239,333
Other revenues . . . . . . . . . . — 7,630 89,022 1,761 (98,413) —
Total revenues . . . . . . . . . — 2,326,729 89,022 163,940 (98,370) 2,481,321
Operating expenses:
Cost of service (exclusive of
items shown separately
below) . . . . . . . . . . . . . . — 734,299 — 63,513 (90,647) 707,165
Cost of equipment . . . . . . . . — 495,367 — 65,895 — 561,262
Selling and marketing. . . . . . — 363,321 — 48,243 — 411,564
General and administrative . . 8,728 314,486 910 42,051 (7,723) 358,452
Depreciation and
amortization. . . . . . . . . . . — 367,927 — 42,770 — 410,697
Impairment of assets . . . . . . — — 639 — — 639
Total operating expenses . . 8,728 2,275,400 1,549 262,472 (98,370) 2,449,779
Loss on sale or disposal of
assets, net . . . . . . . . . . . . . . — (4,718) 4,426 (126) — (418)
Operating income (loss) . . . . (8,728) 46,611 91,899 (98,658) — 31,124
Equity in net loss of
consolidated subsidiaries. . . . (242,607) (92,552) — — 335,159 —
Equity in net income of
investees . . . . . . . . . . . . . . . — 3,946 — — — 3,946
Interest income . . . . . . . . . . . . 24,455 88,562 — 2,537 (111,748) 3,806
Interest expense . . . . . . . . . . . (12,612) (225,578) — (83,947) 111,748 (210,389)
Other income (expense), net . . . — 469 — — — 469
Loss on extinguishment of
debt . . . . . . . . . . . . . . . . . . — (26,310) — — — (26,310)
Loss before income taxes . . . (239,492) (204,852) 91,899 (180,068) 335,159 (197,354)
Income tax expense . . . . . . . . . — (40,609) — — — (40,609)
Net loss . . . . . . . . . . . . . . . (239,492) (245,461) 91,899 (180,068) 335,159 (237,963)
Accretion of redeemable non-
controlling interests, net of
tax . . . . . . . . . . . . . . . . . . . — 2,854 — (4,383) — (1,529)
Net loss attributable to
common stockholders . . . . $(239,492) $ (242,607) $91,899 $(184,451) $ 335,159 $ (239,492)
137
LEAP WIRELESS INTERNATIONAL, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)