Sprint - Nextel 2008 Annual Report Download - page 113

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CLEARWIRE CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
Year Ended December 31,
2009 2008 2007
(In thousands, except per share data)
Revenues .................................................... $ 274,458 $ 20,489 $
Operating expenses:
Cost of goods and services and network costs (exclusive of items shown
separately below) .......................................... 422,116 131,489 48,865
Selling, general and administrative expense ....................... 568,063 150,940 99,490
Depreciation and amortization .................................. 208,263 58,146 3,979
Spectrum lease expense ....................................... 259,359 90,032 60,051
Transaction related expenses ................................... 82,960 —
Total operating expenses .................................... 1,457,801 513,567 212,385
Operating loss ................................................ (1,183,343) (493,078) (212,385)
Other income (expense):
Interest income ............................................. 9,691 1,091
Interest expense ............................................. (69,468) (16,545)
Other income (expense), net ................................... (10,014) (22,208) 4,022
Total other income (expense), net ............................. (69,791) (37,662) 4,022
Loss before income taxes ....................................... (1,253,134) (530,740) (208,363)
Income tax provision ......................................... (712) (61,607) (16,362)
Net loss ..................................................... (1,253,846) (592,347) (224,725)
Less: non-controlling interests in net loss of consolidated subsidiaries .... 928,264 159,721
Net loss attributable to Clearwire Corporation ....................... $ (325,582) $(432,626) $(224,725)
Net loss attributable to Clearwire Corporation per Class A Common Share:
Basic ..................................................... $ (1.72) $ (0.16)
Diluted .................................................... $ (1.74) $ (0.28)
Weighted average Class A Common Shares outstanding:
Basic ..................................................... 194,696 189,921
Diluted .................................................... 741,071 694,921
See notes to consolidated financial statements
F-47