Cricket Wireless 2010 Annual Report Download - page 144

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Condensed Consolidating Statement of Operations for the Year Ended December 31, 2008
(in thousands):
Guarantor
Parent
Company
Issuing
Subsidiary
Guarantor
Subsidiary
Non-Guarantor
Subsidiaries
Consolidating
and
Eliminating
Adjustments Consolidated
Revenues:
Service revenues . . . .... $ — $1,729,187 $ — $ 52,976 $ — $1,782,163
Equipment revenues .... — 245,403 — 4,358 — 249,761
Other revenues ........ — 66 72,509 — (72,575) —
Total revenues. . . .... — 1,974,656 72,509 57,334 (72,575) 2,031,924
Operating expenses:
Cost of service (exclusive
of items shown
separately below) .... — 590,120 — 43,381 (72,141) 561,360
Cost of equipment . .... — 454,620 — 10,802 — 465,422
Selling and marketing . . . — 271,261 — 23,656 — 294,917
General and
administrative . . . .... 4,821 300,662 905 25,737 (434) 331,691
Depreciation and
amortization ........ 27 322,529 — 8,892 — 331,448
Impairment of assets .... — — 177 — — 177
Total operating
expenses ......... 4,848 1,939,192 1,082 112,468 (72,575) 1,985,015
Loss on sale or disposal of
assets, net . .......... — (1,483) 1,274 — — (209)
Operating income
(loss) . . . .......... (4,848) 33,981 72,701 (55,134) — 46,700
Equity in net loss of
consolidated
subsidiaries .......... (151,898) (45,896) — — 197,794 —
Equity in net income of
investees ............ — (298) — — — (298)
Interest income ......... 12,549 62,456 — 2,512 (62,946) 14,571
Interest expense ......... (6,371) (180,604) — (34,230) 62,946 (158,259)
Other income (expense),
net................. 367 (7,492) — — — (7,125)
Loss before income
taxes . . . .......... (150,201) (137,853) 72,701 (86,852) 197,794 (104,411)
Income tax expense . . .... — (11,192) (27,778) — — (38,970)
Net loss . . . .......... (150,201) (149,045) 44,923 (86,852) 197,794 (143,381)
Accretion of redeemable
non-controlling interests,
netoftax............ — (2,853) — (3,967) — (6,820)
Net loss attributable to
common
stockholders ........ $(150,201) $ (151,898) $ 44,923 $ (90,819) $197,794 $ (150,201)
138
LEAP WIRELESS INTERNATIONAL, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)