Cricket Wireless 2010 Annual Report Download - page 95
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LEAP WIRELESS INTERNATIONAL, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
2010 2009 2008
Year Ended December 31,
Revenues:
Service revenues ..................................... $2,482,601 $2,241,988 $1,782,163
Equipment revenues .................................. 214,602 239,333 249,761
Total revenues ..................................... 2,697,203 2,481,321 2,031,924
Operating expenses:
Cost of service (exclusive of items shown separately below). .... 840,635 707,165 561,360
Cost of equipment.................................... 591,994 561,262 465,422
Selling and marketing ................................. 414,318 411,564 294,917
General and administrative ............................. 361,571 358,452 331,691
Depreciation and amortization ........................... 457,035 410,697 331,448
Impairment of assets (Notes 3 and 6)...................... 477,327 639 177
Total operating expenses ............................. 3,142,880 2,449,779 1,985,015
Loss on sale or disposal of assets, net ....................... (5,061) (418) (209)
Operating income (loss) ............................... (450,738) 31,124 46,700
Equity in net income (loss) of investees...................... 1,912 3,946 (298)
Interest income ........................................ 1,010 3,806 14,571
Interest expense ....................................... (243,377) (210,389) (158,259)
Other income (expense), net .............................. 3,209 469 (7,125)
Loss on extinguishment of debt ............................ (54,558) (26,310) —
Loss before income taxes .............................. (742,542) (197,354) (104,411)
Income tax expense .................................... (42,513) (40,609) (38,970)
Netloss ........................................... (785,055) (237,963) (143,381)
Accretion of redeemable non-controlling interests, net of tax . . .... (86,898) (1,529) (6,820)
Net loss attributable to common stockholders................ $ (871,953) $ (239,492) $ (150,201)
Loss per share attributable to common stockholders:
Basic ............................................. $ (11.49) $ (3.30) $ (2.21)
Diluted............................................ $ (11.49) $ (3.30) $ (2.21)
Shares used in per share calculations:
Basic ............................................. 75,917 72,515 68,021
Diluted............................................ 75,917 72,515 68,021
See accompanying notes to consolidated financial statements.
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