Clearwire 2009 Annual Report Download - page 90

CLEARWIRE CORPORATION AND
S
UB
S
IDIARIE
S
CON
S
OLIDATED
S
TATEMENT
S
OF CA
S
H FLOW
S
2
009
2
008
2
007
Y
ear Ended December 31
,
(
In thousands
)
Cash flows from operatin
g
activities:
N
et loss
.........................................................
$(1,253,846) $ (592,347) $ (224,725
)
A
dj
ustments to reconc
il
e net
l
oss to net cas
h
use
di
n operat
i
ng act
i
v
i
t
i
es:
Deferred income taxes
..
..........................................
7
12
6
1,
6
07 1
6
,3
62
Losses
f
rom equ
i
ty
i
nvestees, ne
t
.
....................................
1,
202 174 —
Non-cash fair value ad
j
ustments on swap
s
...............................
(
6,939) 6,072 —
Ot
h
er-t
h
an-temporary
i
mpa
i
rment
l
oss on
i
nvestments . . ......................
1
0
,
015 17
,
036 —
Non-cash interest ex
p
ens
e
..........................................
66,37
5
1,667 —
De
p
rec
i
at
i
on an
d
amort
i
zat
i
on . .
.
....................................
2
08
,
263
5
8
,
146 3
,
979
Amortization of s
p
ectrum leases .
.....................................
5
7,898 17,109 —
Non-cas
h
rent . . .
.
..............................................
1
08
,
953 — —
S
hare-based com
p
ensation
..........................................
27,
5
12 6,46
5
—
Loss on sett
l
ement o
f
pre-ex
i
st
i
ng
l
ease arrangements . . ......................
—
80
,5
73 —
Loss/(
g
ain) on disposal or write-off of propert
y
, plant and equipment . .
............
7
7,9
5
7 (204) —
Ga
i
n on ext
i
ngu
i
s
h
ment o
fd
e
b
t......................................
(
8,252
)
——
Chan
g
es in assets and liabilities, net of effects of acquisition:
I
nventory . ....................................................
(
9,4
5
0
)(
892
)—
A
ccounts rece
iv
a
bl
e
..............................................
(2
,
381) 402 —
P
repa
id
san
d
ot
h
er assets
.
..........................................
(
64,930
)
6,354
(
135,135
)
P
re
p
aid s
p
ectrum licenses
..........................................
(23,861) (63,138)
—
A
ccounts paya
bl
ean
d
ot
h
er
li
a
bili
t
i
es .
.
...............................
.
3
38,288
(5
,330
)—
Net cash used in operatin
g
activities.
.
................................
(472,484) (406,306) (339,
5
19
)
Cas
hfl
ows
f
rom
i
nvest
i
ng act
i
v
i
t
i
es:
C
a
p
ital ex
p
enditure
s
...............................................
(1,4
5
0,238) (
5
34,196) (329,469)
Payments
f
or spectrum
li
censes an
d
ot
h
er
i
ntang
ibl
e asset
s
.....................
.
(
46,816
)(
109,257
)(
353,611
)
Purchases of a
v
ailable-for-sale in
v
estments
................................
(3,
5
71,1
5
4) (1,774,324)
—
D
i
spos
i
t
i
on o
f
ava
il
a
bl
e-
f
or-sa
l
e
i
nvestment
s
...............................
3
,
280
,
455 —
—
N
et cash ac
q
uired in ac
q
uisition of Old Clearwire
.
...........................
— 171,780
—
Ot
h
er
i
nvest
i
ng
...................................................
4
,
754 167
—
Net cash used in investin
g
activities .
.
................................
(1,782,999) (2,24
5
,830) (683,080)
Cas
hfl
ows
f
rom
fi
nanc
i
n
g
act
i
v
i
t
i
es:
N
et advances from S
p
rint Nextel Cor
p
oratio
n
...............................
—
5
32,16
5
1,022,
5
99
Spr
i
nt Nexte
l
Corporat
i
on pre-c
l
os
i
ng
fi
nanc
i
ng .
.
.
..........................
—
3
92
,
19
6—
Repa
y
ment of Sprint Nextel Corporation pre-closin
g
financin
g
..
.
................. —
(213,000)
—
Pr
i
nc
i
pa
l
pa
y
ments on
l
on
g
-term
d
e
bt
....................................
(
1,171,775
)(
3,573
)—
Proceeds from issuance of lon
g
-term debt
.
...............................
.
2,467,830 —
—
D
e
b
t
fi
nanc
i
ng
f
ees .
...............................................
(
44,217
)(
50,000
)—
S
trate
g
ic investors cash contributio
n
.....................................
1
,
481
,
813 3
,
200
,
03
7—
P
rocee
d
s
f
rom
i
ssuance o
f
common stoc
k.
................................
1
2
,
19
6
——
O
ther financin
g
...
...............................................
— (70) —
N
et cas
h
prov
id
e
db
y
fi
nanc
i
ng act
i
v
i
t
i
es ...
...........................
2
,
745
,
847 3
,
857
,
755 1
,
022
,
599
Effect of forei
g
n currenc
y
exchan
g
e rates on cash and cash equivalent
s
................
1,
5
10
5
24 —
Net increase in cash and cash e
q
uivalents . .
.
................................
4
91,874 1,206,143
—
Cas
h
an
d
cas
h
equ
i
va
l
ents:
B
e
g
innin
g
of period
...............................................
1
,
20
6,
143 — —
En
d
o
fp
er
i
o
d
...................................................
$
1
,
698
,
017
$
1
,
206
,
143
$
—
Supp
l
ementa
l
cas
hfl
ow
di
sc
l
osures:
C
ash
p
aid for interest ..............................................
$
1
19,277
$
7,432
$
—
S
wap
i
nterest pa
id
.
.
..............................................
$
1
3
,
915
$
—
$
—
N
on-cash investin
g
and financin
g
activities:
C
on
v
ers
i
on o
f Old Cl
ear
wi
re
Cl
ass A s
h
ares
i
nto Ne
wCl
ear
wi
re
Cl
ass A s
h
ares . .......
$
—
$
894
,
433
$
—
C
ommon stock of S
p
rint Nextel Cor
p
oration issued for s
p
ectrum licenses ............
$
—
$
4,000
$
100,00
0
F
i
xe
d
asset purc
h
ases
i
n accounts paya
bl
e.
.
...............................
$
8
9
,
792
$
40
,
761
$
—
Fixed asset
p
urchases included in advances and contributions from S
p
rint Nexte
l
C
orporat
i
on ...................................................
$
—
$
—
$
164
,
652
Spectrum purchases in accounts pa
y
able . .
.
...............................
$
—
$
10,560
$
—
S
ee notes to consolidated financial statements
80