Metro PCS 2011 Annual Report Download - page 137

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MetroPCS Communications, Inc. and Subsidiaries
Notes to Consolidated Financial Statements
December 31, 2011, 2010 and 2009
F-31
Condensed Consolidating Statement of Income Information
Year Ended December 31, 2011
Parent Issuer Guarantor
Subsidiaries Eliminations Consolidated
(in thousands)
REVENUES:
Total Revenues $ — $ 18,802 $ 4,858,650 $ (30,070) $ 4,847,382
OPERATING EXPENSES:
Cost of revenues — 17,452 2,926,049 (30,070) 2,913,431
Selling, general and administrative expenses — 1,350 642,609 — 643,959
Other operating expenses — 264 542,190 — 542,454
Total operating expenses — 19,066 4,110,848 (30,070) 4,099,844
(Loss) income from operations — (264) 747,802 — 747,538
OTHER EXPENSE (INCOME):
Interest expense — 243,163 17,910 — 261,073
Non-operating expenses (1,859) 9,414 (746) — 6,809
Earnings from consolidated subsidiaries (299,451) (734,432) — 1,033,883 —
Total other (income) expense (301,310) (481,855) 17,164 1,033,883 267,882
Income (loss) before provision for income taxes 301,310 481,591 730,638 (1,033,883) 479,656
Provision for income taxes — (182,140) 3,794 — (178,346)
Net income (loss) $ 301,310 $ 299,451 $ 734,432 $ (1,033,883) $ 301,310
Condensed Consolidating Statement of Income Information
Year Ended December 31, 2010
Parent Issuer Guarantor
Subsidiaries Eliminations Consolidated
(in thousands)
REVENUES:
Total Revenues $ — $ 16,036 $ 4,277,726 $ (224,409) $ 4,069,353
OPERATING EXPENSES:
Cost of revenues — 15,200 2,527,084 (224,409) 2,317,875
Selling, general and administrative expenses — 835 620,825 — 621,660
Other operating expenses — 16,773 394,147 — 410,920
Total operating expenses — 32,808 3,542,056 (224,409) 3,350,455
(Loss) income from operations — (16,772) 735,670 — 718,898
OTHER EXPENSE (INCOME):
Interest expense — 252,661 153,672 (143,208) 263,125
Non-operating expenses (1,797) 2,233 (165) 143,208 143,479
Earnings from consolidated subsidiaries (191,546) (581,027) — 772,573 —
Total other (income) expense (193,343) (326,133) 153,507 772,573 406,604
Income (loss) before provision for
income taxes 193,343 309,361 582,163 (772,573) 312,294
Provision for income taxes 72 (117,815) (1,136) — (118,879)
Net income (loss) $ 193,415 $ 191,546 $ 581,027 $ (772,573) $ 193,415