Cricket Wireless 2010 Annual Report Download - page 160

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Condensed Consolidating Statement of Operations for the Year Ended December 31, 2010
(in thousands):
Guarantor
Parent
Company
Issuing
Subsidiary
Guarantor
Subsidiary
Non-Guarantor
Subsidiaries
Consolidating
and
Eliminating
Adjustments Consolidated
Revenues:
Service revenues . . . . . . . . . $ — $2,405,412 $ — $77,125 $ 64 $2,482,601
Equipment revenues . . . . . . . — 206,502 — 8,100 — 214,602
Other revenues . . . . . . . . . . — 3,689 91,477 52 (95,218) —
Total revenues . . . . . . . . . — 2,615,603 91,477 85,277 (95,154) 2,697,203
Operating expenses:
Cost of service (exclusive of
items shown separately
below) . . . . . . . . . . . . . . — 912,024 — 20,074 (91,463) 840,635
Cost of equipment . . . . . . . . — 568,908 — 23,086 — 591,994
Selling and marketing. . . . . . — 398,236 — 16,082 — 414,318
General and administrative . . 12,673 337,887 691 14,011 (3,691) 361,571
Depreciation and
amortization. . . . . . . . . . . — 445,382 — 11,653 — 457,035
Impairment of assets . . . . . . — 476,561 766 — — 477,327
Total operating expenses . . 12,673 3,138,998 1,457 84,906 (95,154) 3,142,880
Loss on sale or disposal of
assets, net . . . . . . . . . . . . . . — (4,790) (170) (101) — (5,061)
Operating income (loss) . . . . (12,673) (528,185) 89,850 270 — (450,738)
Equity in net income (loss) of
consolidated subsidiaries. . . . (870,930) 89,744 — — 781,186 —
Equity in net income of
investees . . . . . . . . . . . . . . . — 1,912 — — — 1,912
Interest income . . . . . . . . . . . . 24,250 1,385 — — (24,625) 1,010
Interest expense . . . . . . . . . . . (12,600) (255,026) — (376) 24,625 (243,377)
Other income, net . . . . . . . . . . — 3,209 — — — 3,209
Loss on extinguishment of
debt . . . . . . . . . . . . . . . . . . — (54,558) — — — (54,558)
Income (loss) before income
taxes . . . . . . . . . . . . . . . . (871,953) (741,519) 89,850 (106) 781,186 (742,542)
Income tax expense . . . . . . . . . — (42,513) — — — (42,513)
Net income (loss) . . . . . . . . (871,953) (784,032) 89,850 (106) 781,186 (785,055)
Accretion of redeemable non-
controlling interests, net of
tax . . . . . . . . . . . . . . . . . . . — (86,898) — — — (86,898)
Net income (loss) attributable
to common stockholders . . . . $(871,953) $ (870,930) $89,850 $ (106) $781,186 $ (871,953)
A-4
LEAP WIRELESS INTERNATIONAL, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)