Clearwire 2009 Annual Report Download - page 114

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Th
e
f
o
ll
ow
i
ng ta
bl
e summar
i
zes our
fi
nanc
i
a
l
assets an
dli
a
bili
t
i
es
b
y
l
eve
l
w
i
t
hi
nt
h
eva
l
uat
i
on
hi
erarc
h
ya
t
D
ecem
b
er 31, 2009
(i
nt
h
ousan
d
s
):
Q
uoted
P
r
ices i
n
Act
i
v
e
M
ar
k
ets
(
Level 1
)
S
ignifican
t
O
the
r
O
bservable
I
nput
s
(
Level 2
)
S
i
g
nificant
U
nobservabl
e
I
nputs
(
Level 3
)
T
ota
l
F
air Valu
e
Financial assets:
C
ash and cash e
q
uivalent
s
...........
$
1,698,017 $ — $ — $1,698,01
7
Short-term investments
.
.............
$
2
,106,661 $ — $ — $2,106,66
1
L
on
g
-term investment
s
.
............. $
7
4,516 $ — $13,171 $ 87,687
Th
e
f
o
ll
ow
i
n
g
ta
bl
e summar
i
zes our
fi
nanc
i
a
l
assets an
dli
a
bili
t
i
es
by l
eve
l
w
i
t
hi
nt
h
eva
l
uat
i
on
hi
erarc
hy
at
D
ecember 31, 2008 (in thousands):
Q
uoted
P
rices in
A
c
ti
ve
Ma
r
ke
t
s
(
Level 1
)
S
i
g
nifican
t
O
the
r
O
bservable
I
nput
s
(
Level 2
)
S
i
g
nificant
U
no
b
serva
ble
I
nputs
(
Level 3
)
To
t
al
F
a
i
r Valu
e
F
i
nanc
i
a
l
assets:
C
as
h
an
d
cas
h
equ
i
va
l
ent
s
.
..........
$
1
,
206
,
143
$
—
$
—
$
1
,
206
,
14
3
Short-term investments
.
.............
$
1,
901
,
749
$
—
$
—
$
1
,
901
,
74
9
L
ong-term investment
s
.
.............
$
—
$
—
$
18
,
974 $ 18
,
974
F
inancial liabilities
:
Interest rate swa
p
s................. $ — $ — $21,591 $ 21,591
T
h
e
f
o
ll
ow
i
n
g
ta
bl
e prov
id
es a reconc
ili
at
i
on o
f
t
h
e
b
e
gi
nn
i
n
g
an
d
en
di
n
gb
a
l
ances
f
or t
h
ema
j
or c
l
asses o
f
assets and liabilities measured at fair value usin
g
si
g
nificant unobservable inputs (Level 3) (in thousands):
L
evel
3
Financial Asset
s
L
evel
3
Financial Liabilities
B
alance at Januar
y
1, 2008 ............................ $ — $
—
B
alances ac
q
uired from Old Clearwir
e
....................
3
6,011 (1
5
,
5
19)
T
otal losses for 2008 included in net loss(1
)
................
(
17,037) (
6
,072
)
B
a
l
ance at Decem
b
er 31
,
2008
.........................
18,974
(
21,591
)
T
ota
l
ga
i
ns (
l
osses)
f
or 2009
i
nc
l
u
d
e
di
n:
Net
l
oss
(
1
)
.
.....................................
(
10,01
5)
6,939
O
ther com
p
rehensive income .........................
4,
212
—
S
ettlement
s
........................................ —
1
4,6
5
2
B
alance at December 31, 200
9
.........................
$
13,171 $
—
Net unrealized losses included in net loss for 2009 relatin
g
t
o
financial assets held at December 31
,
200
9
.
.............
.
$(
10,015
)$
—
(1) Included in Other income (ex
p
ense), net in the consolidated statements of o
p
erations.
T
he followin
g
is the description of the fair value for financial instruments we hold that are not sub
j
ect to fai
r
va
l
ue recogn
i
t
i
on
.
104
CLEARWIRE CORPORATION AND
S
UB
S
IDIARIE
S
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS —
(
Continued
)