Sprint - Nextel 2008 Annual Report Download - page 115

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CLEARWIRE CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY AND COMPREHENSIVE LOSS
For the Years Ended December 31, 2009, 2008 and 2007
Class A
Common Stock
Class B
Common Stock Additional Paid In
Capital
Business Equity of
Sprint WiMAX
Business
Accumulated
Other
Comprehensive
Income
Accumulated
Deficit
Non-controlling
Interests
Total
Stockholders’
EquityShares Amounts Shares Amounts
(In thousands)
Balances at January 1, 2007
(Inception) ............ — $— — $— $ — $1,402,410 $ — $ — $ — $ 1,402,410
Net advances from Sprint
Nextel Corporation .... — — — — — 1,287,251 — — — 1,287,251
Net loss ............... — — — — — (224,725) — — — (224,725)
Comprehensive loss ..... (224,725)
Balances at December 31,
2007 ................. — — — — — 2,464,936 — — — 2,464,936
Net advances from Sprint
Nextel Corporation .... — — — — — 451,925 — — — 451,925
Net loss(a) ............. — — — — — (402,693) — — — (402,693)
Comprehensive loss(a) . . . — (402,693)
Deferred tax liability
retained by Sprint
Nextel Corporation .... — — — — — 755,018 — — — 755,018
Total Sprint Nextel
Corporation contribution
at November 28, 2008 . . . — — — — — 3,269,186 — — — 3,269,186
Allocation of Sprint Nextel
Corporation business
equity at closing to
Clearwire ........... — — — — — (3,269,186) — — — (3,269,186)
Recapitalization resulting
from strategic
transaction ...........189,484 19 505,000 51 2,092,005 — — — 5,575,480 7,667,555
Net loss(a) ............. — — — — — — — (29,933) (159,721) (189,654)
Foreign currency
translation
adjustment ........... — — — — — — 2,682 — 7,129 9,811
Unrealized gain on
investments .......... — — — — — — 512 — 1,361 1,873
Comprehensive loss(a) . . . (151,231) (177,970)
Share-based compensation
and other capital
transactions .......... 518 — — — 856 — — — 12,369 13,225
Balances at December 31,
2008 .................190,002 19 505,000 51 2,092,861 — 3,194 (29,933) 5,436,618 7,502,810
Net loss ............... — — — — — — (325,582) (928,264) (1,253,846)
Foreign currency
translation
adjustment ........... — — — — — — 254 — 42 296
Unrealized gain on
investments .......... — — — — — — 297 — 1,622 1,919
Comprehensive loss ..... (926,600) (1,251,631)
Issuance of Class A
common stock ........ 588 — — — 10,000 — — — — 10,000
Issuance of Clearwire
Class A and B common
stock related to post-
closing adjustment .... 4,412 1 23,824 2 (33,632) — — — 33,632 3
Issuance of Class B
common stock, net of
issuance costs ........ — — 205,415 20 (140,253) — — — 1,622,043 1,481,810
Rights offering —
dividend ............ — — — — 57,541 — — (57,541) — —
Share-based compensation
and other capital
transactions .......... 1,765 — — — 13,544 — — — 15,832 29,376
Balances at December 31,
2009 .................196,767 $20 734,239 $73 $2,000,061 $ — $3,745 $(413,056) $6,181,525 $ 7,772,368
(a) Net loss for the year ended December 31, 2008 was ($592,347) and comprehensive loss was ($580,663).
See notes to consolidated financial statements
F-49