Clearwire 2009 Annual Report Download - page 63

CLEARWIRE CORPORATION AND
S
UB
S
IDIARIE
S
Results o
fOp
erat
i
on
s
Within this “Results of O
p
erations” section, we disclose results of o
p
erations on both an “as re
p
orted” and
a
“pro
f
orma”
b
as
i
s. T
h
e reporte
d
resu
l
ts
f
or 2008 an
d
2007 are not necessar
ily
representat
i
ve o
f
our on
g
o
i
n
g
operations as Old Clearwire’s results are included onl
y
for the period of time after the November 28, 2008 Closin
g
.
Prior to that date, the reported results reflect onl
y
the Sprint WiMAX Business’ results. Therefore, to facilitate an
un
d
erstan
di
ng o
f
our tren
d
san
d
on-go
i
ng per
f
ormance, we
h
ave presente
d
pro
f
orma resu
l
ts
i
na
ddi
t
i
on to t
he
r
e
p
orted results. The unaudited
p
ro forma combined statements of o
p
erations were
p
re
p
ared in accordance with
A
rticle 11- Pro forma Financial Information of Securities and Exchan
g
e Commission Re
g
ulation S-X. The pro
f
orma resu
l
ts
i
nc
l
u
d
e
b
ot
h
t
h
e Spr
i
nt W
i
MAX Bus
i
ness an
d
O
ld
C
l
earw
i
re
f
or 2008 an
d
2007, as a
dj
uste
df
or certa
i
n
p
ro forma purchase accountin
g
ad
j
ustments and other non-recurrin
g
char
g
es, and
g
ive effect to the Transactions a
s
t
hou
g
h the Closin
g
had occurred as of Januar
y
1, 2007. A reconciliation of pro forma amounts to reported amount
s
h
as
b
een
i
nc
l
u
d
e
d
un
d
er t
h
e
h
ea
di
ng “Pro Forma Reconc
ili
at
i
on.” T
h
e unau
di
te
d
pro
f
orma com
bi
ne
d
statements o
f
operat
i
ons
d
o not
gi
ve e
ff
ect to t
h
eo
ff
er
i
n
g
o
f
t
h
e Sen
i
or Secure
d
Notes an
d
t
h
ea
ddi
t
i
ona
l
Pr
i
vate P
l
acement or t
h
e
Ri
g
hts Offerin
g
or the application of the net proceeds from these transactions
.
T
he followin
g
table sets forth as reported operatin
g
data for the periods presented (in thousands, except per
sh
are
d
ata
).
As Re
p
orted Results — Year Ended December 31, 2009
C
om
p
ared to the Years Ended December 31,
2008
a
n
d
200
7
CONSOLIDATED STATEMENTS OF OPERATIONS
2
009
2
008
2
00
7
Year Ended December 31
,
R
evenue
s
.
..................................................
$
2
74
,
458
$
20
,
489
$—
Operat
i
n
g
expenses
:
C
ost o
fg
oo
d
san
d
serv
i
ces an
d
networ
k
costs (exc
l
us
i
ve o
fi
tems s
h
ow
n
separatel
y
below) .
.
........................................
4
22,116 131,489 48,86
5
S
elling, general and administrative expense .
.
.......................
5
68
,
063 1
5
0
,
940 99
,
490
Deprec
i
at
i
on an
d
amort
i
zat
i
on
..................................
2
08
,
263 58
,
146 3
,
97
9
Sp
ectrum
l
ease ex
p
ens
e
.......................................
2
59,359 90,032 60,05
1
Transaction related ex
p
ense
s
.
..................................
—
8
2
,
960
—
T
ota
l
operat
i
ng expenses
.
...................................
1,
457
,
801 513
,
567 212
,
38
5
O
perat
i
ng
l
oss .
.
.............................................
(
1,183,343
)(
493,078
)(
212,385
)
O
ther income (ex
p
ense):
Interest
i
ncome ............................................
.
9,
691 1
,
091
—
I
nterest expens
e
...........................................
.
(
69,468
)(
16,545
)—
O
ther income (ex
p
ense), net .
...................................
(10
,
014) (22
,
208) 4
,
022
T
otal other income (ex
p
ense), ne
t
..................................
(
69,791) (37,662) 4,022
L
oss be
f
o
r
e
in
co
m
eta
x
es
.......................................
(1,2
5
3,134) (
5
30,740) (208,363
)
I
ncome tax prov
i
s
i
on .
........................................
(
712
)(6
1,
6
07
)(
1
6
,3
6
2
)
N
et loss
.
...................................................
(1,2
5
3,846) (
5
92,347) (224,72
5
)
Less: non-controllin
g
interests in net loss of consolidated subsidiarie
s
......
928,264 1
5
9,721 —
Net loss attributable to Clearwire Corporation . ........................
$
(
325,582
)$(
432,626
)$(
224,725
)
Net loss attributable to Clearwire Cor
p
oration
p
er Class A Common Share(1)
:
B
as
i
c
.
...................................................
$
(
1.72
)$ (
0.16
)
D
il
uted
...................................................
$
(
1.74
)$ (
0.28
)
5
3