Cricket Wireless 2012 Annual Report Download - page 82

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Net cash provided by operating activities increased $75.2 million, or 24.1%, for the year ended
December 31, 2011 compared to the corresponding period of the prior year. This increase was primarily
attributable to increased operating income, exclusive of non cash items such as depreciation and amortization,
impairments and other charges and changes in working capital.
Investing Activities
Net cash used in investing activities was $41.5 million during the year ended December 31, 2012, which
included the effects of the following transactions:
• We purchased $434.4 million of property and equipment for the ongoing maintenance and development
of our network and other business assets.
• We made investment purchases of $367.5 million, offset by sales or maturities of investments of $613.6
million.
• We received approximately $154.1 million in net proceeds from the sale of wireless licenses and
operating assets.
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 were contributed to our
South Texas joint venture, STX Wireless.
Financing Activities
Net cash provided by financing activities was $29.3 million for the year ended December 31, 2012, which
included the effects of the following transactions:
• We entered into a Credit Agreement with respect to a $400 million senior secured term loan facility,
which resulted in net proceeds of $396 million. The net proceeds from this borrowing were partially
offset by the payment to redeem all of our $300 million in aggregate principal amount of outstanding
10.0% unsecured senior notes due 2015.
• We made approximately $29.4 million in distributions and loans to Pocket in connection with our STX
Wireless joint venture.
• We repaid in full the remaining $21.9 million in principal amount of our non-negotiable promissory note.
• We made a payment of approximately $5.3 million to acquire all of the remaining membership interests
we did not previously own in Savary Island.
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