Sprint - Nextel 2010 Annual Report Download - page 119
Download and view the complete annual report
Please find page 119 of the 2010 Sprint - Nextel annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109 -
110 -
111 -
112 -
113 -
114 -
115 -
116 -
117 -
118 -
119 -
120 -
121 -
122 -
123 -
124 -
125 -
126 -
127 -
128 -
129 -
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
 |
 |
The following table presents the carrying value and the approximate fair value of our outstanding debt instruments at
December 31, 2010 and 2009 (in thousands):
Notes:
Senior Secured Notes and Rollover Notes
Second-Priority Secured Notes
Exchangeable Notes(1)
Vendor Financing Notes
December 31, 2010
Carrying
Value
$ 2,905,107
$ 500,000
$ 499,129
$ 59,987
Fair Value
$3,180,662
$ 520,833
$ 746,107
$ 60,793
December 31, 2009
Carrying
Value
$ 2,714,731
Fair Value
$2,810,616
_______________________________________
(1) Carrying value as of December 31, 2010 is net of $230.1 million discount arising from the separation of the Exchange
Options from the debt host instrument.
12. Commitments and Contingencies
Future minimum payments under obligations listed below (including all optional expected renewal periods on operating
leases) as of December 31, 2010, are as follows (in thousands):
Long-term debt obligations
Interest payments
Operating lease obligations
(1)
Spectrum lease obligations
Spectrum service credits
Capital lease obligations(2)
Signed spectrum agreements
Network equipment purchase
obligations
Other purchase obligations
Total
Total
$ 4,236,995
3,997,363
13,630,873
5,950,009
107,682
126,297
9,925
40,222
188,557
$ 28,287,923
2011
$ 15,062
474,514
391,193
156,579
1,130
12,450
9,925
40,222
68,043
$1,169,11
8
2012
$ 20,084
476,077
439,971
163,057
1,130
12,731
—
—
50,672
$1,163,72
2
2013
$ 20,084
474,895
447,799
162,037
1,130
13,022
—
—
29,869
$1,148,83
6
2014
$ 5,021
473,937
454,188
170,480
1,130
13,996
—
—
10,984
$1,129,73
6
2015
$ 2,947,494
473,862
464,482
165,151
1,130
11,538
—
—
10,970
$ 4,074,627
Thereafter,
including all
renewal periods
$ 1,229,250
1,624,078
11,433,240
5,132,705
102,032
62,560
—
—
18,019
$ 19,601,884
_______________________________________
(1) Includes executory costs of $36.2 million.
(2) Payments include $54.1 million representing interest.
Spectrum and operating lease obligations — Our commitments for non-cancelable operating leases consist mainly of
leased spectrum license fees, office space, equipment, and leased sites, including towers and rooftop locations. Certain of the
leases provide for minimum lease payments, additional charges and escalation clauses. Certain of the tower leases specify a
minimum number of new leases to commence by December 31, 2011. Charges apply if these commitments are not satisfied.
Leased spectrum agreements have terms of up to 30 years. Operating leases generally have initial terms of five years with
multiple renewal options for additional five-year terms totaling between 20 and 25 years.
Table of Contents CLEARWIRE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS —(CONTINUED)
F-62