Clearwire 2009 Annual Report Download - page 77

th
e
f
o
ll
ow
i
ng opt
i
ons, restr
i
cte
d
stoc
k
un
i
ts an
d
warrants as t
h
e
i
nc
l
us
i
on o
f
t
h
ese secur
i
t
i
es wou
ld h
ave
b
ee
n
anti-dilutive (in thousands)
:
As of
N
ovember 28
,
2008
Stock o
p
tions
.......................................................
18
,
431
W
arrants
..........................................................
1
7,80
6
R
estr
i
cte
d
stoc
k
un
i
ts
.................................................
1,238
37
,
47
5
(ii) Holders of Class B Common Stock will be entitled at an
y
time to exchan
g
e one share of Class B Common
S
tock
,
in combination with one Clearwire Communications Class B Common Interest
,
for one share of Class A
Common Stock
.
S
h
ares o
f
C
l
ass B Common Stoc
kh
ave no
i
mpact on pro
f
orma
b
as
i
c net
l
oss per s
h
are
b
ecause t
h
ey
d
o not
p
articipate in net income (loss) or distributions. However, the h
y
pothetical exchan
g
e of Clearwire Communication
s
C
l
ass B Common Interests to
g
et
h
er w
i
t
h
C
l
ass B Common Stoc
kf
or C
l
ass A Common Stoc
k
ma
yh
ave a
dil
ut
i
v
e
e
ffect on pro forma diluted loss per share due to certain tax effects. As previousl
y
mentioned, that exchan
g
e woul
d
r
esu
l
t
i
na
d
ecrease to t
h
e non-contro
lli
n
gi
nterests an
d
a correspon
di
n
gi
ncrease
i
n net
l
oss attr
ib
uta
bl
etot
he
C
l
ass A Common Stoc
k
. Furt
h
er
,
to t
h
e extent t
h
at a
ll
o
f
t
h
eC
l
earw
i
re Commun
i
cat
i
ons C
l
ass B Common Interest
s
and Class B Common Stock are converted to Class A Common Stock on a
p
ro forma basis, the
p
artnershi
p
structur
e
i
s assumed to no longer exist and Clearwire would be required to recognize a tax charge related to indefinite live
d
i
ntan
g
ible assets.
Net
l
oss attr
ib
uta
bl
eto
h
o
ld
ers o
f
C
l
ass A Common Stoc
k
, assum
i
ng convers
i
on o
f
t
h
eC
l
earw
i
re Commu
-
n
ications Class B Common Interests and Class B Common Stock, is as follows
(
in thousands
)
:
2
008
2
00
7
Year Ended December 31
,
P
ro
f
orma net
l
os
s
.........................................
$
(
314,146
)$(
238,061
)
N
on-contro
lli
ng
i
nterests
i
n net
l
oss o
f
conso
lid
ate
d
su
b
s
idi
ar
i
e
s
.......
(
867,608
)(
663,098
)
L
ess: Pro forma tax adjustment resulting from dissolution of Clearwir
e
C
ommunications........................................
.
(
66,986
)(
21,789
)
N
et loss attributable to Class A Common Stockholders, assumin
g
th
e
exchan
g
e of Class B Common Stock and Clearwire Communication
s
C
lass B Common Interests to Class A Common Stock
.
............
$(
1,248,740
)$(
922,948
)
T
he
p
ro forma net loss
p
er share attributable to holders of Class A Common Stock on a basic and diluted basis
i
sca
l
cu
l
ate
d
as
f
o
ll
ows (
i
nt
h
ousan
d
s, except per s
h
are amounts)
:
Bas
i
c
Dil
u
t
ed
B
as
i
c
Dil
u
t
ed
2008 2007
Y
ear Ended December
31,
P
ro forma net loss attributable to Class
A
C
ommon Stockholder
s
.
..............
.
$(
314,146
)$(
1,248,740
)$(
238,061
)$(
922,948
)
Wei
g
hted avera
g
e Clearwire Class
A
C
ommon Stock outstandin
g
.
..........
.
194
,
484 723
,
307 194
,
484 723
,
30
7
B
asic and diluted
p
ro forma net loss
p
er share
o
f Class A Common Stoc
k
.
............
$
(
1.62) $ (1.73) $ (1.22) $ (1.28
)
6
7