Cricket Wireless 2011 Annual Report Download - page 68
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Results of Operations
Operating Items
The following tables summarize operating data for our consolidated operations (in thousands, except
percentages).
Year Ended December 31,
2011
% of 2011
Service
Revenues 2010
% of 2010
Service
Revenues
Change from
Prior Year
Dollars Percent
Revenues:
Service revenues .................. $2,829,281 $2,482,601 $ 346,680 14.0%
Equipment revenues ............... 241,850 214,602 27,248 12.7%
Total revenues .................. 3,071,131 2,697,203 373,928 13.9%
Operating expenses:
Cost of service (exclusive of the items
shown separately below) .......... 981,203 34.7% 840,635 33.9% 140,568 16.7%
Cost of equipment ................. 817,920 28.9% 591,994 23.8% 225,926 38.2%
Selling and marketing .............. 369,257 13.1% 414,318 16.7% (45,061) (10.9)%
General and administrative .......... 355,529 12.6% 361,571 14.6% (6,042) (1.7)%
Depreciation and amortization ....... 548,426 19.4% 457,035 18.4% 91,391 20.0%
Impairments and other charges ....... 26,770 0.9% 477,327 19.2% (450,557) (94.4)%
Total operating expenses ......... 3,099,105 109.5% 3,142,880 126.6% (43,775) (1.4)%
Gain (loss) on sale, exchange or disposal
of assets, net ..................... 2,622 0.1% (5,061) (0.2)% 7,683 (151.8)%
Operating loss .................... $ (25,352) (0.9)% $ (450,738) (18.2)% $ 425,386 (94.4)%
Year Ended December 31,
2010
% of 2010
Service
Revenues 2009
% of 2009
Service
Revenues
Change from
Prior Year
Dollars Percent
Revenues:
Service revenues .................. $2,482,601 $2,241,988 $ 240,613 10.7%
Equipment revenues ............... 214,602 239,333 (24,731) (10.3)%
Total revenues .................. 2,697,203 2,481,321 215,882 8.7%
Operating expenses:
Cost of service (exclusive of the items
shown separately below) .......... 840,635 33.9% 707,165 31.5% 133,470 18.9%
Cost of equipment ................. 591,994 23.8% 561,262 25.0% 30,732 5.5%
Selling and marketing .............. 414,318 16.7% 411,564 18.4% 2,754 0.7%
General and administrative .......... 361,571 14.6% 358,452 16.0% 3,119 0.9%
Depreciation and amortization ....... 457,035 18.4% 410,697 18.3% 46,338 11.3%
Impairments and other charges ....... 477,327 19.2% 639 0.0% 476,688 *
Total operating expenses ......... 3,142,880 126.6% 2,449,779 109.3% 693,101 28.3%
Loss on sale, exchange or disposal of
assets, net ....................... (5,061) (0.2)% (418) 0.0% (4,643) *
Operating income (loss) ............ $ (450,738) (18.2)% $ 31,124 1.4% $(481,862) *
* Percentage change is not meaningful.
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