Sprint - Nextel 2008 Annual Report Download - page 149

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CLEARWIRE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
The subscription rights to purchase in aggregate approximately 114 million shares of Class A Common
Stock are not included in the computation of diluted loss per share because the rights’ subscription price of $7.33
per share was greater than the average market price of Class A Common Stock during the period such rights are
outstanding in 2009 (out-of-the-money).
We have calculated and presented basic and diluted net loss per share of Class A Common Stock. Class B
Common Stock loss per share is not calculated since it does not contractually participate in distributions of
Clearwire. Prior to the Closing, we had no equity as we were a wholly-owned division of Sprint. As such, we did
not calculate or present net loss per share for the period from January 1, 2008 to November 28, 2008 and the year
ended December 31, 2007.
17. Business Segments
Information about operating segments is based on our internal organization and reporting of revenue and
operating income (loss) based upon internal accounting methods. Operating segments are defined as components
of an enterprise about which separate financial information is available that is evaluated regularly by the chief
operating decision maker, or decision making group, in deciding how to allocate resources and in assessing
performance. Our chief operating decision maker is our Chief Executive Officer. As of December 31, 2009 and
2008, we have identified two reportable segments: the United States and the International businesses. In 2007 we
only had one reportable business segment: the United States, as we had no international operations prior to the
Closing.
We report business segment information as follows (in thousands):
Year Ended December 31, 2009
United States International Total
Revenues ...................................... $ 242,798 $ 31,660 $ 274,458
Cost of goods and services and network costs
(exclusive of items shown separately below) ...... 407,572 14,544 422,116
Operating expenses ............................ 783,543 43,879 827,422
Depreciation and amortization ................... 190,273 17,990 208,263
Total operating expenses ..................... 1,381,388 76,413 1,457,801
Operating loss ................................ $(1,138,590) $(44,753) (1,183,343)
Other income (expense), net ....................... (69,791)
Income tax provision ............................ (712)
Net loss ....................................... (1,253,846)
Non-controlling interest .......................... 928,264
Net loss attributable to Clearwire ................. $ (325,582)
F-83