Cricket Wireless 2010 Annual Report Download - page 162

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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 . . . .... $ — $1,782,163 $ — $— $ — $1,782,163
Equipment revenues .... — 249,761 — — — 249,761
Other revenues ........ — 66 72,509 — (72,575) —
Total revenues. . . .... — 2,031,990 72,509 — (72,575) 2,031,924
Operating expenses:
Cost of service (exclusive
of items shown
separately below) .... — 633,501 — — (72,141) 561,360
Cost of equipment . .... — 465,422 — — — 465,422
Selling and marketing . . . — 294,917 — — — 294,917
General and
administrative . . . .... 4,821 326,399 905 — (434) 331,691
Depreciation and
amortization ........ 27 331,421 — — — 331,448
Impairment of assets .... — — 177 — — 177
Total operating
expenses ......... 4,848 2,051,660 1,082 — (72,575) 1,985,015
Gain (loss) on sale or
disposal of assets, net . . . — (1,483) 1,274 — — (209)
Operating income
(loss) . . . .......... (4,848) (21,153) 72,701 — — 46,700
Equity in net income (loss)
of consolidated
subsidiaries .......... (151,898) 44,923 — — 106,975 —
Equity in net income of
investees . . .......... — (298) — — — (298)
Interest income ......... 12,549 14,551 — — (12,529) 14,571
Interest expense ......... (6,371) (164,417) — — 12,529 (158,259)
Other income (expense),
net................. 367 (7,492) — — — (7,125)
Income (loss) before
income taxes........ (150,201) (133,886) 72,701 — 106,975 (104,411)
Income tax expense . . .... — (11,192) (27,778) — — (38,970)
Net income (loss) . . .... (150,201) (145,078) 44,923 — 106,975 (143,381)
Accretion of redeemable
non-controlling interests,
netoftax............ — (6,820) — — — (6,820)
Net income (loss)
attributable to common
stockholders ........ $(150,201) $ (151,898) $ 44,923 $— $106,975 $ (150,201)
A-6
LEAP WIRELESS INTERNATIONAL, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)