Cricket Wireless 2011 Annual Report Download - page 146
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Condensed Consolidating Statement of Operations for the Year Ended December 31, 2010 (unaudited and
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
Impairments and other charges .... — 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, exchange 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,
net .......................... — 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 .................... — 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 and
distributions, 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)
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