Sprint - Nextel 2010 Annual Report Download - page 139

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18. Quarterly Financial Information (unaudited)
Summarized quarterly financial information for the years ended December 31, 2010 and 2009 is as follows (in thousands,
except per share data):
2010 quarter:
Total revenues
Operating loss
Net loss
Net loss attributable to Clearwire Corporation
Net loss to Clearwire Corporation per Class A Common
Share:
Basic
Diluted
2009 quarter:
Total revenues
Operating loss
Net loss
Net loss attributable to Clearwire Corporation
Net loss to Clearwire Corporation per Class A Common
Share:
Basic
Diluted
First
$ 106,672
$(407,165)
$(439,401)
$(94,092)
$(0.47)
$(0.48)
$ 62,137
$(232,949)
$(260,492)
$(71,055)
$(0.37)
$(0.38)
Second
$ 122,521
$(520,769)
$(547,142)
$(125,916)
$(0.61)
$(0.61)
$ 63,594
$(241,404)
$(264,044)
$(73,374)
$(0.38)
$(0.38)
Third
$ 146,964
$(539,727)
$(564,606)
$(139,420)
$(0.58)
$(0.58)
$ 68,812
$(291,326)
$(305,389)
$(82,427)
$(0.42)
$(0.43)
Fourth
$ 180,669
$(747,218)
$(751,945)
$(128,009)
$(0.53)
$(0.81)
$ 79,915
$(417,664)
$(423,921)
$(98,726)
$(0.55)
$(0.55)
Total
$ 556,826
$(2,214,879)
$(2,303,094)
$(487,437)
$(2.19)
$(2.46)
$ 274,458
$(1,183,343)
$(1,253,846)
$(325,582)
$(1.72)
$(1.74)
19. Parent Company Only Condensed Financial Statements
Under the terms of agreements governing the indebtedness of Clearwire Communications, a subsidiary of Clearwire, such
subsidiary is significantly restricted from making dividend payments, loans or advances to Clearwire. The restrictions have
resulted in the restricted net assets (as defined in Securities and Exchange Commission Rule 4-08(e)(3) of Regulation S-X) of
Clearwire’s subsidiary exceeding 25% of the consolidated net assets of Clearwire and its subsidiaries.
The following condensed parent-only financial statements of Clearwire account for the investment in Clearwire
Communications under the equity method of accounting. The financial statements should be read in conjunction with the
consolidated financial statements of Clearwire and subsidiaries and notes thereto. As described in Note 1, Description of
Business, Clearwire was formed on November 28, 2008 and therefore, the condensed statement of operation and the condensed
statement of cash flow for 2008 only included activity from November 29, 2008 to December 31, 2008.
Table of Contents
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