Metro PCS 2011 Annual Report Download - page 127

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MetroPCS Communications, Inc. and Subsidiaries
Notes to Consolidated Financial Statements
December 31, 2011, 2010 and 2009
F-21
Concentrations of credit risk with respect to trade accounts receivable are limited due to the diversity of the Company's
indirect retailer base.
11. Commitments and Contingencies:
Operating and Capital Leases
The Company has entered into non-cancelable operating lease agreements to lease facilities, certain equipment and sites
for towers and antennas required for the operation of its wireless networks. Total rent expense for the years ended December
31, 2011, 2010 and 2009 was $358.7 million, $325.1 million and $281.2 million, respectively.
The Company entered into various non-cancelable distributed antenna systems (“DAS”) capital lease agreements, with
varying expiration terms through 2026.
Future annual minimum rental payments required for all non-cancelable operating and capital leases at December 31,
2011 are as follows (in thousands):
For the Year Ending December 31, Operating
Leases Capital
Leases
2012 $ 339,765 $ 34,333
2013 344,499 35,347
2014 342,965 36,408
2015 338,915 37,500
2016 317,936 38,626
Thereafter 918,659 338,588
Total minimum future lease payments $ 2,602,739 520,802
Amount representing interest and maintenance (239,635)
Present value of minimum lease payments 281,167
Current portion (8,070)
Long-term capital lease obligations $ 273,097
Purchase Obligations
The Company has several commitments with various network infrastructure and equipment providers for the acquisition
of assets to be used in the ordinary course of business. These amounts are not reflective of the Company's entire anticipated
purchases under the related agreements, but are generally determined based on the non-cancelable quantities or termination
amounts to which the Company is contractually obligated. In addition, the Company intends to purchase certain equipment
under an agreement in which it has the option, but not the obligation, to purchase the equipment.
The following table provides aggregate information about the commitments under the Company's purchase obligations
and other agreements as of December 31, 2011 (in thousands):
For the Year Ending December 31,
2012 $ 157,907
2013 6,320
2014 5,618
2015 5,786
2016 5,959
Litigation
The Company is involved in litigation from time to time, including litigation regarding intellectual property claims, that it
considers to be in the normal course of business. The Company is not currently party to any pending legal proceedings that the