Sprint - Nextel 2008 Annual Report Download - page 158
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CLEARWIRE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
CLEARWIRE CORPORATION
CONDENSED STATEMENTS OF CASH FLOWS
Year Ended
December 31,
2009
Period From
November 29,
2008
to December 31,
2008
(In thousands)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss ............................................................ $(325,582) $ (29,933)
Adjustments to reconcile net loss to net cash used in operating activities:
Loss from equity investees ........................................... 319,199 29,621
Changes in assets and liabilities, net:
Prepaids and other assets ............................................ (3,980) 150
Other liabilities .................................................... 543 162
Net cash used in operating activities ................................. (9,820) —
CASH FLOWS FROM INVESTING ACTIVITIES:
Investment in equity investees ........................................ (12,196) (500,000)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net advances from Clearwire Communications ........................... 9,820 —
Proceeds from issuance of common stock ............................... 12,196 500,000
Net cash provided by financing activities ............................. 22,016 500,000
Net increase in cash and cash equivalents ................................. — —
Cash and cash equivalents:
Beginning of period .................................................. — —
End of period ....................................................... $ — $ —
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