Metro PCS 2007 Annual Report Download - page 143

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MetroPCS Communications, Inc. and Subsidiaries
Notes to Consolidated Financial Statements
December 31, 2007, 2006 and 2005
F-44
Consolidated Statement of Income
Year Ended December 31, 2005
Parent
Issuer
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries
Eliminations
Consolidated
(In thousands)
REVENUES:
Service revenues............................. $ — $ — $ 872,100 $ — $ — $ 872,100
Equipment revenues....................... — 13,960 152,368 — — 166,328
Total revenues ............................... — 13,960 1,024,468 — — 1,038,428
OPERATING EXPENSES:
Cost of service (excluding
depreciation and amortization
expense shown separately
below) .......................................... — — 283,175 37 — 283,212
Cost of equipment .......................... — 12,837 288,034 — — 300,871
Selling, general and administrative
expenses (excluding depreciation
and amortization expense shown
separately below)......................... 274 2,893 158,287 1,022 — 162,476
Depreciation and amortization....... — 120 87,775 — — 87,895
Gain on disposal of assets.............. — — (218,203) — — (218,203)
Total operating expenses............... 274 15,850 599,068 1,059 — 616,251
Income from operations .................. (274) (1,890) 425,400 (1,059) — 422,177
OTHER EXPENSE (INCOME):
Interest expense.............................. — 58,482 (444) 26,997 (27,002) 58,033
Earnings from consolidated
subsidiaries .................................. (198,335) (396,060) — — 594,395 —
Accretion of put option in
majority-owned subsidiary .......... — 252 — — — 252
Interest and other income............... (615) (34,913) (1) (131) 27,002 (8,658)
Loss on extinguishment of debt..... — 44,589 1,859 — — 46,448
Total other expense ....................... (198,950) (327,650) 1,414 26,866 594,395 96,075
Income before provision for
income taxes ................................. 198,676 325,760 423,986 (27,925) (594,395) 326,102
Provision for income taxes............. — (127,425) — — — (127,425)
Net income (loss) ............................ $ 198,676 $ 198,335 $ 423,986 $ (27,925) $ (594,395) $ 198,677