Sprint - Nextel 2008 Annual Report Download - page 129

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CLEARWIRE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
The cost and fair value of investments at December 31, 2009, by contractual years-to-maturity, are
presented below (in thousands):
Cost Fair Value
Due within one year .......................................... $2,106,584 $2,106,661
Due between one and five years ................................. 74,670 74,516
Due in ten years or greater ..................................... 8,959 13,171
Total ...................................................... $2,190,213 $2,194,348
5. Property, Plant and Equipment
Property, plant and equipment as of December 31, 2009 and 2008 consisted of the following (in thousands):
Useful
Lives (Years)
December 31,
2009 2008
Network and base station equipment .............. 5-15 $ 901,814 $ 353,752
Customer premise equipment .................... 2 60,108 23,141
Furniture, fixtures and equipment ................ 3-7 216,598 167,325
Lesser of useful
Leasehold improvements ....................... life or lease term 18,128 12,786
Construction in progress ....................... N/A 1,623,703 823,193
2,820,351 1,380,197
Less: accumulated depreciation and amortization .... (223,831) (60,252)
$2,596,520 $1,319,945
Year Ended December 31,
2009 2008 2007
Supplemental information (in thousands):
Capitalized interest ....................................... $140,168 $ 4,469 $ —
Depreciation expense ..................................... $170,131 $54,811 $3,936
6. Spectrum Licenses
Owned and leased spectrum licenses as of December 31, 2009 and 2008 consisted of the following (in
thousands):
December 31, 2009 December 31, 2008
Wtd Avg
Lease Life
Gross Carrying
Value
Accumulated
Amortization
Net Carrying
Value
Gross Carrying
Value
Accumulated
Amortization
Net Carrying
Value
Indefinite-lived owned
spectrum .............. Indefinite $3,082,401 $ — $3,082,401 $3,035,473 $ — $3,035,473
Definite-lived owned
spectrum .............. 16-20 years 118,069 (6,268) 111,801 112,303 (974) 111,329
Spectrum leases and prepaid
spectrum .............. 26years 1,323,405 (62,937) 1,260,468 1,270,058 (5,039) 1,265,019
Pending spectrum and
transition costs ......... N/A 40,464 — 40,464 60,041 — 60,041
Total spectrum licenses .... $4,564,339 $(69,205) $4,495,134 $4,477,875 $(6,013) $4,471,862
F-63