Cricket Wireless 2011 Annual Report Download - page 83

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Investing Activities
Net cash used in investing activities was $780.0 million during the year ended December 31, 2011, which
included the effects of the following transactions during the period:
• We purchased $441.7 million of property and equipment for the ongoing maintenance and development
of our network and other business assets.
• We made investment purchases of $826.2 million, offset by sales or maturities of investments of $487.9
million.
• We received an $18.2 million dividend from one of our equity method investees on July 1, 2011, of which
approximately $11.6 million was reflected as cash from investing activities, as it represented a return of
our original investment.
Net cash used in investing activities was $124.0 million for the year ended December 31, 2010, which
included the effects of the following transactions:
• We purchased $398.9 million of property and equipment for the ongoing growth and development of
markets in commercial operation and other internal capital projects.
• We made investment purchases of $488.5 million, offset by sales or maturities of investments of
$816.2 million.
• We acquired certain assets from Pocket for approximately $40.7 million, which we contributed to our
South Texas joint venture, STX Wireless.
Net cash used in investing activities was $875.8 million during the year ended December 31, 2009, which
included the effects of the following transactions:
• We purchased $699.5 million of property and equipment for the build-out of our new markets and the
expansion and improvement of our existing markets.
• We completed our purchase of certain wireless spectrum in St. Louis for approximately $27.2 million.
• We made investment purchases of $883.2 million, offset by sales or maturities of investments of
$733.3 million.
Financing Activities
Net cash provided by financing activities was $386.9 million for the year ended December 31, 2011, which
included the effects of the following transactions during the period:
• We issued $400 million of additional 7.75% senior notes due 2020, which resulted in net proceeds of
$396.8 million.
• We prepaid approximately $23.6 million in principal amount of our non-negotiable promissory note
maturing in 2015.
• We received proceeds of approximately $25.8 million from the sale lease-back financing related to
certain of our telecommunications towers and related assets.
Net cash used in financing activities was $12.5 million for the year ended December 31, 2010, which
included the effects of the following transactions:
• We issued $1,200 million of 7.75% senior notes due 2020, which resulted in net proceeds of
$1,179.9 million. This note issuance was offset by the payment to repurchase and redeem all of our
$1,100 million of outstanding 9.375% senior notes due 2014.
• We made payments of $24.2 million to acquire all of the remaining membership interests we did not
previously own in LCW.
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