Cricket Wireless 2011 Annual Report Download - page 98
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LEAP WIRELESS INTERNATIONAL, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except share amounts)
December 31,
2011 2010
Assets
Cash and cash equivalents .............................................. $ 345,243 $ 350,790
Short-term investments ................................................. 405,801 68,367
Inventories .......................................................... 116,957 104,241
Deferred charges ...................................................... 57,979 47,343
Other current assets ................................................... 134,457 91,010
Total current assets ................................................ 1,060,437 661,751
Property and equipment, net ............................................. 1,957,374 2,036,645
Wireless licenses ..................................................... 1,788,970 1,968,075
Assets held for sale (Note 6) ............................................ 204,256 —
Goodwill ............................................................ 31,886 31,094
Intangible assets, net ................................................... 41,477 64,843
Other assets .......................................................... 68,290 72,415
Total assets ...................................................... $5,152,690 $ 4,834,823
Liabilities and Stockholders’ Equity
Accounts payable and accrued liabilities ................................... $ 460,278 $ 346,869
Current maturities of long-term debt ...................................... 21,911 8,500
Other current liabilities ................................................. 256,357 221,077
Total current liabilities ............................................. 738,546 576,446
Long-term debt ....................................................... 3,198,749 2,832,070
Deferred tax liabilities ................................................. 333,804 295,703
Other long-term liabilities .............................................. 172,366 114,534
Total liabilities ................................................... 4,443,465 3,818,753
Redeemable non-controlling interests ..................................... 95,910 104,788
Commitments and contingencies (Note 14)
Stockholders’ equity:
Preferred stock — authorized 10,000,000 shares, $.0001 par value; no shares
issued and outstanding ............................................. — —
Common stock — authorized 160,000,000 shares, $.0001 par value; 78,924,049
and 78,437,309 shares issued and outstanding at December 31, 2011 and 2010,
respectively ...................................................... 8 8
Additional paid-in capital ............................................. 2,175,436 2,155,712
Accumulated deficit ................................................. (1,561,417) (1,243,740)
Accumulated other comprehensive loss .................................. (712) (698)
Total stockholders’ equity .......................................... 613,315 911,282
Total liabilities and stockholders’ equity ............................... $5,152,690 $ 4,834,823
See accompanying notes to consolidated financial statements.
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