Metro PCS 2010 Annual Report Download - page 137

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MetroPCS Communications, Inc. and Subsidiaries
Notes to Consolidated Financial Statements
December 31, 2010, 2009 and 2008
F-31
condensed consolidating statements of income for the years ended December 31, 2010, 2009 and 2008, and
condensed consolidating statements of cash flows for the years ended December 31, 2010, 2009 and 2008 of the
parent company (MetroPCS), the issuer (Wireless), and the guarantor subsidiaries. Investments in subsidiaries held
by the parent company and the issuer have been presented using the equity method of accounting.
As of December 31, 2010
Parent Issuer
Guarantor
Subsidiaries Eliminations Consolidated
(in thousands)
CURRENT ASSETS:
Cash and cash equivalents ....................... $ 507,849 $ 287,942 $ 740 $ 0 $ 796,531
Shor
t
-term investments ............................ 374,862 0 0 0 374,862
Deferred charges ...................................... 0 89,775 0 0 89,775
Advances to subsidiaries .......................... 647,701 462,518 0 (1,110,219) 0
Other current assets .................................. 94 226,817 105,806 0 332,717
Total current assets .................................. 1,530,506 1,067,052 106,546 (1,110,219) 1,593,885
Property and equipment, ne
t
....................... 0 246,249 3,413,196 0 3,659,445
Long-term investments ............................ 6,319 10,381 0 0 16,700
Investment in subsidiaries ........................ 1,006,295 3,994,553 0 (5,000,848) 0
FCC licenses ............................................ 0 3,800 2,518,441 0 2,522,241
Other assets .............................................. 075,085 51,224 0 126,309
Total assets ............................................... $ 2,543,120 $ 5,397,120 $ 6,089,407 $ (6,111,067) $ 7,918,580
CURRENT LIABILITIES:
Accounts payable and accrued
expenses ................................................. $ 0 $ 150,994 $ 370,794 $ 0 $ 521,788
Advances from subsidiaries ..................... 0 0 1,110,219 (1,110,219) 0
Other current liabilities ............................ 0 82,684 197,948 0 280,632
Total current liabilities ............................. 0 233,678 1,678,961 (1,110,219) 802,420
Long-term debt ......................................... 0 3,508,948 248,339 0 3,757,287
Deferred credits ........................................ 1,544 639,766 103,159 0 744,469
Other long-term liabilities ........................ 0 8,433 64,395 0 72,828
Total liabilities ......................................... 1,544 4,390,825 2,094,854 (1,110,219) 5,377,004
STOCKHOLDERS’ EQUITY:
Common stoc
k
......................................... 36 0 0 0 36
Other stockholders’ equity ....................... 2,541,540 1,006,295 3,994,553 (5,000,848) 2,541,540
Total stockholders’ equity ....................... 2,541,576 1,006,295 3,994,553 (5,000,848) 2,541,576
Total liabilities and stockholders’
equity ..................................................... $ 2,543,120 $ 5,397,120 $ 6,089,407 $ (6,111,067) $ 7,918,580
Condensed Consolidated Balance Sheet