Cricket Wireless 2012 Annual Report Download - page 123
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LEAP WIRELESS INTERNATIONAL, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
As required by the Credit Agreement and the indentures governing Cricket’s senior notes, the Company is
presenting the aggregate carrying amount and classification of the components of the financial position as of
December 31, 2012 and December 31, 2011 and results of operations of Cricket Music and Muve USA for the
years ended December 31, 2012 and 2011 in the following tables separately (in thousands):
December 31,
2012
December 31,
2011
Assets
Cash and cash equivalents ................................... $ 1 $ 1
Property and equipment, net ................................. 4,937 9,435
Total assets ................................................. $4,938 $9,436
Liabilities and stockholders’ equity
Other current liabilities ..................................... $ 5 $ —
Stockholders’ equity ....................................... 4,933 9,436
Total liabilities and stockholders’ equity .......................... $4,938 $9,436
Year Ended December 31,
2012 2011
Revenues .................................................... $ — $ —
Operating expenses:
Depreciation and amortization ................................... 4,497 2,225
Other ....................................................... 14 1
Total operating expenses .......................................... 4,511 2,226
Operating loss .................................................. (4,511) (2,226)
Net loss ....................................................... $(4,511) $(2,226)
Note 9. Long-Term Debt, Net
Long-term debt, net as of December 31, 2012 and December 31, 2011 was comprised of the following (in
thousands):
December 31,
2012
December 31,
2011
Convertible senior notes due 2014 ............................... $ 250,000 $ 250,000
Unsecured senior notes due 2015 ............................... — 300,000
Non-negotiable promissory note due 2015 ........................ — 21,911
Senior secured notes due 2016 .................................. 1,100,000 1,100,000
Unamortized discount on $1,100 million senior secured notes due
2016 .................................................... (23,767) (29,601)
Term loans under Credit Agreement ............................. 400,000 —
Unamortized discount on term loans under Credit Agreement ......... (3,892) —
Unsecured senior notes due 2020 ............................... 1,600,000 1,600,000
Unamortized discount on $1,600 million unsecured senior notes due
2020 .................................................... (19,878) (21,650)
3,302,463 3,220,660
Current maturities of long-term debt ............................. (4,000) (21,911)
$3,298,463 $3,198,749
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