Sprint - Nextel 2008 Annual Report Download - page 110

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors and Stockholders of
Clearwire Corporation
Kirkland, Washington
We have audited the accompanying consolidated balance sheets of Clearwire Corporation and subsidiaries
(formerly the WiMAX Operations of Sprint Nextel Corporation) (the “Company”) as of December 31, 2009 and
2008, and the related consolidated statements of operations, cash flows, and stockholders’ equity and
comprehensive loss for each of the two years in the period ended December 31, 2009. These financial statements
are the responsibility of the Company’s management. Our responsibility is to express an opinion on these
financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board
(United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the
accounting principles used and significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, such consolidated financial statements present fairly, in all material respects, the financial
position of the Company as of December 31, 2009 and 2008, and the results of their operations and their cash
flows for each of the two years in the period ended December 31, 2009, in conformity with accounting principles
generally accepted in the United States of America.
As discussed in Note 1 to the consolidated financial statements, on November 28, 2008, Clearwire Corporation
and the WiMAX Operations of Sprint Nextel Corporation (the “Sprint WiMAX Business”) completed a business
combination. The accounts of the Sprint WiMAX Business for the period from January 1, 2008 through
November 28, 2008, have been prepared from the separate records maintained by Sprint Nextel Corporation and
reflect allocations of expenses from Sprint Nextel Corporation and, therefore, may not necessarily be indicative
of the financial position, results of operations, and cash flows that would have resulted had the Sprint WiMAX
Business functioned as a stand-alone operation.
We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board
(United States), the Company’s internal control over financial reporting as of December 31, 2009, based on the
criteria established in Internal Control—Integrated Framework issued by the Committee of Sponsoring
Organizations of the Treadway Commission and our report dated February 24, 2010 (not presented herein),
expressed an adverse opinion on the Company’s internal control over financial reporting because of a material
weakness.
/s/ DELOITTE & TOUCHE LLP
Seattle, Washington
February 24, 2010
F-44