Metro PCS 2009 Annual Report Download - page 147

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MetroPCS Communications, Inc. and Subsidiaries
Notes to Consolidated Financial Statements
December 31, 2009, 2008 and 2007
F-33
Year Ended December 31, 2009
Core
Markets
Northeast
Markets Other Total
Service revenues ........................................................................... $ 2,895,076 $ 235,309 $ — $ 3,130,385
Equipment revenues...................................................................... 300,731 49,399 — 350,130
Total revenues............................................................................... 3,195,807 284,708 — 3,480,515
Cost of service(1).......................................................................... 910,866 209,186 — 1,120,052
Cost of equipment......................................................................... 725,565 158,707 — 884,272
Selling, general and administrative expenses(2) ........................... 435,180 132,550 — 567,730
Adjusted EBITDA (deficit)(3)...................................................... 1,161,485 (205,241) —
Depreciation and amortization...................................................... 258,888 82,801 36,167 377,856
Loss (gain) on disposal of assets................................................... 10,905 (63) (15,525) (4,683)
Stock-based compensation expense.............................................. 37,289 10,494 — 47,783
Income (loss) from operations ...................................................... 854,403 (298,473) (20,642) 535,288
Interest expense ............................................................................ — — 270,285 270,285
Accretion of put option in majority-owned subsidiary.................. — — 1,567 1,567
Interest and other income.............................................................. — — (2,629) (2,629)
Impairment loss on investment securities ..................................... — — 2,386 2,386
Income (loss) before provision for income taxes.......................... 854,403 (298,473) (292,251) 263,679
Capital expenditures ..................................................................... 300,569 406,394 124,711 831,674
Total assets ................................................................................... 3,247,306 2,384,323 1,754,388 7,386,017
Year Ended December 31, 2008
Core
Markets
Northeast
Markets Other Total
Service revenues ........................................................................... $ 2,424,859 $ 12,391 $ — $ 2,437,250
Equipment revenues...................................................................... 310,452 3,814 — 314,266
Total revenues............................................................................... 2,735,311 16,205 — 2,751,516
Cost of service(1).......................................................................... 785,595 71,700 — 857,295
Cost of equipment......................................................................... 690,296 14,352 — 704,648
Selling, general and administrative expenses(2) ........................... 389,896 57,686 — 447,582
Adjusted EBITDA (deficit)(3)...................................................... 901,751 (118,618) —
Depreciation and amortization...................................................... 230,603 6,502 18,214 255,319
Loss on disposal of assets ............................................................. 18,897 4 4 18,905
Stock-based compensation expense.............................................. 32,227 8,915 — 41,142
Income (loss) from operations ...................................................... 620,024 (134,039) (18,218) 467,767
Interest expense ............................................................................ — — 179,398 179,398
Accretion of put option in majority-owned subsidiary.................. — — 1,258 1,258
Interest and other income.............................................................. — — (23,170) (23,170)
Impairment loss on investment securities ..................................... — — 30,857 30,857
Income (loss) before provision for income taxes.......................... 620,024 (134,039) (206,561) 279,424
Capital expenditures ..................................................................... 402,724 491,518 60,370 954,612
Total assets ................................................................................... 3,204,860 2,062,320 1,154,968 6,422,148