Sprint - Nextel 2010 Annual Report Download - page 111

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8. Income Taxes
The income tax provision consists of the following for the years ended December 31, 2010, 2009 and 2008 (in
thousands):
Current taxes:
International
Federal
State
Total current taxes
Deferred taxes:
International
Federal
State
Total deferred taxes
Income tax (benefit) provision
Year Ended December 31,
2010
$ 335
—
700
1,035
(1,191)
—
—
(1,191)
$(156)
2009
$(389)
—
148
(241)
953
—
—
953
$ 712
2008
$ 325
—
—
325
(87)
51,686
9,683
61,282
$ 61,607
The income tax rate computed using the federal statutory rates is reconciled to the reported effective income tax rate as
follows:
Federal statutory income tax rate
State income taxes (net of federal benefit)
Non-controlling interest
Other, net
Valuation allowance
Effective income tax rate
Year Ended December 31,
2010
35.0%
0.7
(27.6)
0.1
(8.2)
—%
2009
35.0 %
0.8
(25.9)
0.7
(10.7)
(0.1)%
2008
35.0 %
(1.5)
—
0.2
(50.3)
(16.6)%
Table of Contents CLEARWIRE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS —(CONTINUED)
F-54