Cricket Wireless 2011 Annual Report Download - page 147
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LEAP WIRELESS INTERNATIONAL, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Condensed Consolidating Statement of Operations for the Year Ended December 31, 2009 (unaudited and
in thousands):
Guarantor
Parent
Company
Issuing
Subsidiary
Guarantor
Subsidiary
Non-Guarantor
Subsidiaries
Consolidating
and
Eliminating
Adjustments Consolidated
Revenues:
Service revenues ............... $ — $2,241,945 $ — $— $ 43 $2,241,988
Equipment revenues ............. — 239,333 — — — 239,333
Other revenues ................. — 612 89,022 — (89,634) —
Total revenues ............... — 2,481,890 89,022 — (89,591) 2,481,321
Operating expenses:
Cost of service (exclusive of items
shown separately below) ....... — 796,051 — — (88,886) 707,165
Cost of equipment .............. — 561,262 — — — 561,262
Selling and marketing ........... — 411,564 — — — 411,564
General and administrative ....... 8,728 349,519 910 — (705) 358,452
Depreciation and amortization ..... — 410,697 — — — 410,697
Impairments and other charges .... — — 639 — — 639
Total operating expenses ....... 8,728 2,529,093 1,549 — (89,591) 2,449,779
Gain (loss) on sale, exchange or
disposal of assets, net ............ — (4,844) 4,426 — — (418)
Operating income (loss) ............ (8,728) (52,047) 91,899 — — 31,124
Equity in net income (loss) of
consolidated subsidiaries ......... (242,607) 91,899 — — 150,708 —
Equity in net income of investees,
net .......................... — 3,946 — — — 3,946
Interest income .................. 24,455 3,601 — — (24,250) 3,806
Interest expense .................. (12,612) (222,027) — — 24,250 (210,389)
Other income, net ................. — 469 — — — 469
Loss on extinguishment of debt ...... — (26,310) — — — (26,310)
Income (loss) before income
taxes ....................... (239,492) (200,469) 91,899 — 150,708 (197,354)
Income tax benefit ................ — (40,609) — — — (40,609)
Net income (loss) ............... (239,492) (241,078) 91,899 — 150,708 (237,963)
Accretion of redeemable
non-controlling interests and
distributions, net of tax .......... — (1,529) — — — (1,529)
Net income (loss) attributable to
common stockholders ......... $(239,492) $ (242,607) $91,899 $— $150,708 $ (239,492)
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