Metro PCS 2011 Annual Report Download - page 13

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CAUTIONARY STATEMENT
REGARDING FORWARD-LOOKING STATEMENTS
Any statements made in this Annual Report that are not statements of historical fact, including statements about our
beliefs, opinions and expectations, are “forward-looking statements” within the meaning of Section 27A of the Securities Act of
1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange
Act, and should be evaluated as such. Forward-looking statements include our expectations of customer growth, the causes of
churn, the effect of seasonality on our business, the importance of our key non-GAAP financial measures and their use to
compare companies in the industry, the advantages of 4G over 3G, uses of CPU and EBITDA as a measure to compare
performance, whether existing cash, cash equivalents and short-term investments and anticipated cash flows from operations
will be sufficient to fully fund planned operations and planned expansion, the challenges and opportunities facing our business
including competitive pricing and increased promotional activity, competitive differentiators, our strategy and business plans,
customer expectations, our projections of capital expenditures for 2012, continued wireline displacements, the effect of future
inflation on our operations, the effect of changes in aggregate fair value of financial assets and liabilities and other statements
that may relate to our plans, objectives, beliefs, strategies, goals, future events, future revenues or performance, future capital
expenditures, financing needs, outcomes of litigation and other information that is not historical information. These forward-
looking statements often include words such as “anticipate,” “expect,” “suggests,” “plan,” “believe,” “intend,” “estimates,”
“targets,” “views,” “becomes,” “projects,” “should,” “would,” “could,” “may,” “will,” “forecast,” and other similar
expressions. Forward-looking statements are contained throughout this Annual Report, including in the “Business,"
"Regulation," "Risk Factors," “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and
"Legal Proceedings" sections of this report.
We base the forward-looking statements or projections made in this report on our current expectations, plans, beliefs,
opinions and assumptions that have been made in light of our experience in the industry, as well as our perceptions of historical
trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances
and at such times. As you read and consider this Annual Report, you should understand that these forward-looking statements
are not guarantees of future performance or results and no assurances can be given that such statements or results will be
obtained. Although we believe that these forward-looking statements are based on reasonable expectations, beliefs, opinions
and assumptions at the time they are made, you should be aware that many of these factors are beyond our control and that
many factors could affect our actual financial results, performance or results of operations and could cause actual results to
differ materially from those expressed in the forward-looking statements. Factors that may materially affect such forward-
looking statements include, but are not limited, to:
• the highly competitive nature of our industry and changes in the competitive landscape;
• the current economic environment in the United States; disruptions to the credit and financial markets in the United
States; and contractions or limited growth on consumer spending as a result of the uncertainty in the United States
economy;
• our ability to manage our rapid growth, achieve planned growth, manage churn rates and maintain our cost structure;
• our and our competitors’ current and planned promotions, marketing, sales and other initiatives and our ability to
respond and support them;
• our ability to negotiate and maintain acceptable agreements with our suppliers and vendors, including roaming
arrangements;
• the seasonality of our business and any failure to have strong customer growth in the first and fourth quarters;
• increases or changes in taxes and regulatory fees or the services to which such taxes and fees are applied;
• the rapid technological changes in our industry, our ability to adapt, respond and deploy new technologies and
successfully offer new services using such new technology;
• our ability to fulfill the demands and expectations of our customers, secure the products, services, applications, content
and network infrastructure equipment we need or which our customers or potential customers expect or demand, and
to provide the customer care our customers demand;
• the availability of additional spectrum, our ability to secure spectrum, or secure it at acceptable prices, when we need
it;
• our ability to manage our networks to deliver the services and to deliver the service quality and speed our customers
expect and demand and to maintain and increase capacity of our networks and business systems to satisfy the demands