Sprint - Nextel 2008 Annual Report Download - page 112

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CLEARWIRE CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
December 31,
2009
December 31,
2008
(In thousands, except share and
per share data)
ASSETS
Current assets:
Cash and cash equivalents ............................................. $ 1,698,017 $1,206,143
Short-term investments ................................................ 2,106,661 1,901,749
Restricted cash ...................................................... 1,166 1,159
Accounts receivable, net of allowance of $1,956 and $913 .................... 6,253 4,166
Notes receivable ..................................................... 5,402 4,837
Inventory, net ....................................................... 12,624 3,174
Prepaids and other assets .............................................. 46,466 44,644
Total current assets ................................................. 3,876,589 3,165,872
Property, plant and equipment, net ....................................... 2,596,520 1,319,945
Restricted cash ...................................................... 5,620 8,381
Long-term investments ................................................ 87,687 18,974
Spectrum licenses, net ................................................ 4,495,134 4,471,862
Other intangible assets, net ............................................. 91,713 122,808
Investments in equity investees ......................................... 10,647 10,956
Other assets ......................................................... 103,943 5,369
Total assets ........................................................... $11,267,853 $9,124,167
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and other current liabilities .............................. $ 527,367 $ 145,417
Deferred revenue .................................................... 16,060 11,761
Current portion of long-term debt ....................................... 14,292
Total current liabilities .............................................. 543,427 171,470
Long-term debt, net .................................................. 2,714,731 1,350,498
Deferred tax liabilities, net ............................................. 6,353 4,164
Other long-term liabilities ............................................. 230,974 95,225
Total liabilities .................................................... 3,495,485 1,621,357
Commitments and contingencies (Note 13)
Stockholders’ equity:
Class A common stock, par value $0.0001, 1,500,000,000 shares authorized;
196,766,715 and 190,001,706 shares issued and outstanding, respectively .... 20 19
Class B common stock, par value $0.0001, 1,000,000,000 shares authorized;
734,238,872 and 505,000,000 shares issued and outstanding, respectively .... 73 51
Additional paid-in capital .............................................. 2,000,061 2,092,861
Accumulated other comprehensive income ................................ 3,745 3,194
Accumulated deficit .................................................. (413,056) (29,933)
Total Clearwire Corporation stockholders’ equity ......................... 1,590,843 2,066,192
Non-controlling interests .............................................. 6,181,525 5,436,618
Total stockholders’ equity ........................................... 7,772,368 7,502,810
Total liabilities and stockholders’ equity .................................... $11,267,853 $9,124,167
See notes to consolidated financial statements
F-46