Clearwire 2009 Annual Report Download - page 84

REPORT OF INDEPENDENT REGI
S
TERED PUBLIC ACCOUNTING FIR
M
To t
h
e Boar
d
o
f
D
i
rectors an
d
Stoc
kh
o
ld
ers o
f
C
l
earw
i
re Corporat
i
on
K
irkland, Washin
g
to
n
We
h
ave au
di
te
d
t
h
e accompan
yi
n
g
conso
lid
ate
db
a
l
ance s
h
eets o
f
C
l
earw
i
re Corporat
i
on an
d
su
b
s
idi
ar
i
es
(
formerly the WiMAX Operations of Sprint Nextel Corporation) (the “Company”) as of December 31, 2009 an
d
2
008, and the related consolidated statements of operations, cash flows, and stockholders’ equity and compre
-
h
ens
i
ve
l
oss
f
or eac
h
o
f
t
h
e two
y
ears
i
nt
h
e per
i
o
d
en
d
e
d
Decem
b
er 31, 2009. T
h
ese
fi
nanc
i
a
l
statements are t
he
r
esponsibilit
y
of the Compan
y
’s mana
g
ement. Our responsibilit
y
is to express an opinion on these financial
s
tatements based on our audits.
We con
d
ucte
d
our au
di
ts
i
n accor
d
ance w
i
t
h
t
h
e stan
d
ar
d
so
f
t
h
ePu
bli
c Company Account
i
ng Overs
i
g
h
t Boar
d
(
Un
i
te
d
States). T
h
ose stan
d
ar
d
sre
q
u
i
re t
h
at we
pl
an an
dp
er
f
orm t
h
eau
di
ts to o
b
ta
i
n reasona
bl
e assurance a
b
out
wh
et
h
er t
h
e conso
lid
ate
dfi
nanc
i
a
l
statements are
f
ree o
f
mater
i
a
l
m
i
sstatement. An au
di
t
i
nc
l
u
d
es exam
i
n
i
n
g
,ona
t
est basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes
assess
i
n
g
t
h
e account
i
n
g
pr
i
nc
i
p
l
es use
d
an
d
s
ig
n
ifi
cant est
i
mates ma
d
e
by
mana
g
ement, as we
ll
as eva
l
uat
i
n
g
t
he
overa
ll fi
nanc
i
a
l
statement
p
resentat
i
on. We
b
e
li
eve t
h
at our au
di
ts
p
rov
id
e a reasona
bl
e
b
as
i
s
f
or our o
pi
n
i
on
.
I
n our opinion, such consolidated financial statements present fairl
y
, in all material respects, the financial
p
osition of the Company as of December 31, 2009 and 2008, and the results of their operations and their cash flows
f
or eac
h
o
f
t
h
e two years
i
nt
h
e per
i
o
d
en
d
e
d
Decem
b
er 31, 2009,
i
n con
f
orm
i
ty w
i
t
h
account
i
ng pr
i
nc
i
p
l
e
s
g
enera
lly
accepte
di
nt
h
eUn
i
te
d
States o
f
Amer
i
ca
.
As
di
scusse
di
n Note 1 to t
h
e conso
lid
ate
dfi
nanc
i
a
l
statements, on Novem
b
er 28, 2008, C
l
earw
i
re Corporat
i
o
n
and the WiMAX O
p
erations of S
p
rint Nextel Cor
p
oration (the “S
p
rint WiMAX Business”) com
p
leted a busines
s
c
om
bi
nat
i
on. T
h
e accounts o
f
t
h
e Spr
i
nt W
i
MAX Bus
i
ness
f
or t
h
e per
i
o
df
rom January 1, 2008 t
h
roug
h
N
ovem
b
er 28, 2008,
h
ave
b
een prepare
df
rom t
h
e separate recor
d
sma
i
nta
i
ne
db
y Spr
i
nt Nexte
l
Corporat
i
on
and reflect allocations of expenses from Sprint Nextel Corporation and, therefore, ma
y
not necessaril
y
be indicativ
e
o
f
t
h
e
fi
nanc
i
a
l
pos
i
t
i
on, resu
l
ts o
f
operat
i
ons, an
d
cas
hfl
ows t
h
at wou
ld h
ave resu
l
te
dh
a
d
t
h
e Spr
i
nt W
i
MA
X
Bus
i
ness
f
unct
i
one
d
as a stan
d
-a
l
one o
p
erat
i
on
.
We
h
ave a
l
so au
di
te
d
,
i
n accor
d
ance w
i
t
h
t
h
e stan
d
ar
d
so
f
t
h
ePu
bli
c Compan
y
Account
i
n
g
Overs
igh
t Boar
d
(
United States), the Compan
y
’s internal control over financial reportin
g
as of December 31, 2009, based on th
e
c
ri
te
ri
a estab
li
s
h
ed
in
I
nternal Control — Inte
g
rated Framework issued by the Committee of Sponsoring Orga
-
ni
zat
i
ons o
f
t
h
e Trea
d
way Comm
i
ss
i
on an
d
our report
d
ate
d
Fe
b
ruary 24, 2010, expresse
d
an a
d
verse op
i
n
i
on on t
h
e
Compan
y
’s internal control over financial reportin
g
because of a material weakness
.
/
s/ Deloitte & Touche LL
P
Seatt
l
e, Was
hi
n
g
to
n
Februar
y
24, 2010
74