Metro PCS 2010 Annual Report Download - page 140

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MetroPCS Communications, Inc. and Subsidiaries
Notes to Consolidated Financial Statements
December 31, 2010, 2009 and 2008
F-34
Consolidated Statement of Income
Year Ended December 31, 2008
Parent Issuer
Guarantor
Subsidiaries Eliminations Consolidated
(in thousands)
REVENUES:
Total Revenues .............................................. $ 0 $ 11,977 $ 2,841,842 $ (102,303) $ 2,751,516
OPERATING EXPENSES:
Cost of revenues ............................................ 0 11,292 1,652,954 (102,303) 1,561,943
Selling, general and administrative
expenses ...................................................... 0 684 446,898 0 447,582
Other operating expenses .............................. 0212 274,012 0 274,224
Total operating expenses ..................... 0 12,188 2,373,864 (102,303) 2,283,749
Income (loss) from operations ...................... 0 (211) 467,978 0 467,767
OTHER EXPENSE (INCOME):
Interest expense ............................................. 0 219,530 70,266 (110,398) 179,398
Interest income .............................................. (22,212) (110,394) (739) 110,398 (22,947)
Other expense, net ......................................... 30,857 856 179 0 31,892
Earnings from consolidated subsidiaries ...... (158,083) (397,617) 0555,700 0
Total other (income) expense .............. (149,438) (287,625) 69,706 555,700 188,343
Income (loss) before provision for
income taxes ............................................... 149,438 287,414 398,272 (555,700) 279,424
Provision for income taxes ............................ 0 (129,331) (655) 0 (129,986)
Net income (loss) .......................................... $ 149,438 $ 158,083 $ 397,617 $ (555,700) $ 149,438
Consolidated Statement of Cash Flows
Year Ended December 31, 2010
Parent Issuer
Guarantor
Subsidiaries Eliminations Consolidated
(in thousands)
CASH FLOWS FROM OPERATING
ACTIVITIES:
Net cash provided by (used in) operating
activities ................................................................... $ 1,401 $(37,976) $1,031,075 $ 0 $ 994,500
CASH FLOWS FROM INVESTING
ACTIVITIES:
Purchases of property and equipment ........................ 0 (173,162) (617,223) 0 (790,385)
Purchase of investments ............................................. (711,827) 0 0 0 (711,827)
Change in advances
affiliates .................................. 5,477 555,390 0 (560,867) 0
Proceeds from affiliate deb
t
....................................... 0 505,481 0 (505,481) 0
Issuance of affiliate deb
t
............................................ 0 (683,000) 0 683,000 0
Other investing activities, ne
t
..................................... 562,500 30,433 (41,139) 0 551,794
Net cash (used in) provided by investing activities ... (143,850) 235,142 (658,362) (383,348) (950,418)
CASH FLOWS FROM FINANCING
ACTIVITIES:
Proceeds from senior note offerings .......................... 0 1,992,770 0 0 1,992,770
Proceeds from long-term loan .................................... 0 0 683,000 (683,000) 0
Change in advances
affiliates .................................. 0 0 (560,867) 560,867 0
Repayment of deb
t
...................................................... 0 (2,056,186) (505,481) 505,481 (2,056,186)
Other financing activities, ne
t
.................................... 8,209 (115,644) (6,081) 0 (113,516)
Net cash provided by (used in) financing
activities ................................................................... 8,209 (179,060) (389,429) 383,348 (176,932)
(DECREASE) INCREASE IN CASH AND
CASH EQUIVALENTS ........................................ (134,240) 18,106 (16,716) 0 (132,850)
CASH AND CASH EQUIVALENTS,
be
g
innin
g
of
p
eriod ................................................ 642,089 269,836 17,456 0 929,381
CASH AND CASH EQUIVALENTS, end of
p
eriod ....................................................................... $ 507,849 $ 287,942 $ 740 $ 0 $ 796,531
Condensed
Condensed