Clearwire 2009 Annual Report Download - page 73

Th
e
f
o
ll
ow
i
ng unau
di
te
d
pro
f
orma com
bi
ne
d
statements o
f
operat
i
ons
f
or t
h
e years en
d
e
d
Decem
b
er 31, 2008
and 2007 were prepared under Article 11-Pro forma Financial Information of Securities and Exchan
g
e Commission
Regulation S-X using (1) the audited consolidated financial statements of Clearwire for the years ended Decem
-
b
er 31, 2008 an
d
2007; (2) t
h
eau
di
te
d
conso
lid
ate
dfi
nanc
i
a
l
statements o
f
O
ld
C
l
earw
i
re
f
or t
h
e year en
d
e
d
D
ecember 31, 2007; and (3) the unaudited accountin
g
records for the period Januar
y
1, 2008 to November 28, 200
8
f
or O
ld
C
l
earw
i
re. T
h
e unau
di
te
d
pro
f
orma com
bi
ne
d
statements o
f
operat
i
ons s
h
ou
ld b
e rea
di
n con
j
unct
i
on w
i
t
h
th
ese separate
hi
stor
i
ca
lfi
nanc
i
a
l
statements an
d
accompany
i
ng notes t
h
ereto. T
h
e unau
di
te
d
pro
f
orma com
bi
ne
d
s
tatements 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
lacement or the Rights Offering or the application of the net proceeds from these transactions.
Th
e
f
o
ll
ow
i
ng ta
bl
e prov
id
es a reconc
ili
at
i
on
f
rom t
h
e as reporte
d
resu
l
ts to t
h
e pro
f
orma resu
l
ts presente
d
a
b
ove
f
or t
h
e Compan
yf
or t
h
e
y
ears en
d
e
d
Decem
b
er 31, 2008 an
d
2007 (
i
nt
h
ousan
d
s)
:
UNAUDITED PRO FORMA COMBINED
S
TATEMENT
S
OF OPERATION
S
12 Month Per
i
o
d
C
learw
i
r
e
Corporation(1)
11 Month Per
i
o
d
O
ld
Clearwir
e
P
urc
h
ase
A
cctng and
Other
(
2
)
C
learw
i
re
C
or
p
orat
i
on
P
r
o
F
o
rm
a
1
2 Month Per
i
od
C
learw
i
r
e
C
orporation(1
)
1
2 Month Per
i
od
O
l
d
C
learwire
P
urc
h
ase
A
cctng and
O
ther
(
2
)
C
learw
i
re
C
or
p
orat
i
o
n
Pr
o
F
o
rm
a
Hi
s
t
o
ri
ca
lHi
s
t
o
ri
cal
Year Ended December
31
,
2008
Year Ended December
31
,
2007
(
In thousands
)
REVEN
U
E
S:
.............
$
20
,
489
$
210
,
157
$
—
$
230
,
646
$
—
$
151
,
440
$
—
$
151
,
440
O
PERATIN
G
EXPEN
S
E
S
:
Cost of
g
oods and services and
networ
k
costs (exc
l
us
i
ve o
f
items shown separatel
y
below
):
.............
1
31
,
489 1
5
4
,
270 — 28
5,
7
5
948
,
86
5
107
,
281 — 1
5
6
,
14
6
S
e
lli
n
g
,
g
enera
l
an
d
a
dministrative ex
p
ense
....
15
0,940 372,381
(
38,900
)(
a
)
484,421 99,490 362,063 — 461,
553
D
eprec
i
at
i
on an
d
a
mort
i
zat
i
on .........
.
5
8,146 104,817 (
5
2,86
5
)(b) 128,602 3,979 84,694 (29,399)(b) 80,766
1
8,504(c) 21,492(c)
Sp
ectrum lease ex
p
ense
.
....
90,032 128,550 34,163
(
c
)
250,184 60,051 96,417 37,268
(
c
)
190,942
(
2,561
)(
d
)(
2,794
)(
d
)
Transaction related expenses . . 82,960 46,166 (48,
55
3)(e) — — — —
—
(80,
5
73)(f)
Total operating expenses . . .
5
13,
5
67 806,184 (170,78
5
) 1,148,966 212,38
5
6
5
0,4
55
26,
5
67 889,40
7
O
PERATING LOSS. .......
.
(493,078) (
5
96,027) 170,78
5
(918,320) (212,38
5
) (499,01
5
) (26,
5
67) (737,967)
O
THER IN
CO
ME
(
EXPEN
S
E
):
Interest income
..
........
1,
091 17
,
478 — 18
,5
69 — 6
5,
736 — 6
5,
736
I
nterest expense . .
........
(16,
5
4
5
) (94,438) 94,0
55
(
g
) (192,
5
88) — (96,279) 9
5
,28
5
(
g
) (192,624)
(
17
5
,660)(h) (191,630)(h
)
O
ther income (ex
p
ense), net . . (22,208) (64,646) (2,561)(d) (89,415) 4,022 (196,725) (2,794)(d) (36,304)
1
59,193(
g
)
T
ota
l
ot
h
e
rin
co
m
e
(
ex
p
ense
)
, net
........
(
37,662
)(
141,606
)(
84,166
)(
263,434
)
4,022
(
227,268
)
60,054
(
163,192
)
L
OSS
BEF
O
RE IN
CO
M
E
TAXE
S
.
.
.............
(
530,740
)(
737,633
)
86,619
(
1,181,754
)(
208,363
)(
726,283
)
33,487
(
901,159
)
Income tax
p
rovision. . .
....
(
61,607
)(
5,379
)
66,986
(
i
)
—
(
16,362
)(
5,427
)
21,789
(
i
)—
N
et loss
...
.............
(5
92,347
)(
743,012
)
1
5
3,60
5(
1,181,7
5
4
)(
224,72
5) (
731,710
)55
,276
(
901,1
5
9
)
Less: non-contro
lli
ng
i
nterests
i
n net
l
oss o
f
conso
lid
ate
d
s
u
b
s
idi
ar
i
es..........
.
15
9,721 3,492 704,39
5
(f),(j) 867,608 — 4,244 6
5
8,8
5
4(j) 663,098
Net
l
oss attr
ib
uta
bl
eto
Cl
ear
wi
r
e
C
orporat
i
on
............
$(432,626) $(739,520) $ 858,000 $ (314,146) $(224,725) $(727,466) $ 714,130 $(238,061
)
Net
l
oss attr
ib
uta
bl
etoC
l
earw
i
r
e
C
orporat
i
on per C
l
ass A
C
ommon S
h
are
(
3
)
:
Bas
i
c..
.
.
............
$
(1.62)
$
(1.22
)
D
iluted
..
.
............
$
(
1.73
)
$
(
1.28
)
W
eighted average Class A
C
ommon S
h
ares outstan
di
ng
:
Basic
...
.............
194,484 194,484
Dil
ute
d
.
.
.
...........
.
723,307 723,30
7
(
1
)
Basis of Presentatio
n
6
3