Sprint - Nextel 2008 Annual Report Download - page 127

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CLEARWIRE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
consideration to the identifiable tangible and intangible assets acquired and liabilities assumed of Old Clearwire,
including the allocation of the excess of the estimated fair value of net assets acquired over the purchase price (in
thousands):
Working capital ......................................................... $ 128,532
Property, plant and equipment .............................................. 393,551
Other non-current assets .................................................. 106,676
Spectrum licenses ........................................................ 1,644,825
Intangible assets ......................................................... 122,673
Term debt .............................................................. (1,187,500)
Deferred tax liability ..................................................... (4,952)
Other non-current liabilities and non-controlling interests ........................ (86,046)
Total purchase price ...................................................... $1,117,759
The following table includes the amounts assigned and estimated remaining useful lives for each class of
property, plant and equipment (in thousands):
Value
Assigned
Estimated Remaining
Useful Life
(Years)
Network and base station equipment ......................... $116,029 5
Customer premise equipment ............................... 19,886 1 to 2
Furniture, fixtures and equipment ........................... 28,595 2
The lesser of the
Leasehold improvements .................................. 7,324 lease term or 5
Construction in progress ................................... 221,717 N/A
$393,551
The following table includes the amounts assigned and estimated weighted average remaining useful lives
for owned and leased spectrum licenses (in thousands):
Value
Assigned
Weighted Average
Remaining Useful
Life
(Years)
Indefinite-lived owned spectrum ........................... $ 480,028 Indefinite
Definite-lived owned spectrum ............................ 120,915 18
Spectrum leases ........................................ 1,043,882 27
$1,644,825
The following table includes the amounts assigned and estimated weighted average remaining useful lives
for each class of intangible assets (in thousands):
Value
Assigned
Weighted Average
Remaining Useful Life
(Years)
Subscriber relationships ................................... $118,869 4 -7
Trade names and trademarks ............................... 3,804 5
$122,673
F-61