Sprint - Nextel 2010 Annual Report Download - page 96

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CLEARWIRE CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
Cash flows from operating activities:
Net loss
Adjustments to reconcile net loss to net cash used in operating activities:
Deferred income taxes
Losses from equity investees, net
Non-cash (gain)/loss on derivative instruments
Other-than-temporary impairment loss on investments
Accretion of discount on debt
Depreciation and amortization
Amortization of spectrum leases
Non-cash rent expense
Share-based compensation
Loss on settlement of pre-existing lease arrangements
Loss on property, plant and equipment
Gain on extinguishment of debt
Changes in assets and liabilities, net of effects of acquisition:
Inventory
Accounts receivable
Prepaids and other assets
Prepaid spectrum licenses
Accounts payable and other liabilities
Net cash used in operating activities
Cash flows from investing activities:
Capital expenditures
Payments for spectrum licenses and other intangible assets
Purchases of available-for-sale investments
Disposition of available-for-sale investments
Net cash acquired in acquisition of Old Clearwire
Other investing
Net cash used in investing activities
Cash flows from financing activities:
Principal payments on long-term debt
Proceeds from issuance of long-term debt
Debt financing fees
Equity investment by strategic investors
Proceeds from issuance of common stock
Net advances from Sprint Nextel Corporation
Sprint Nextel Corporation pre-closing financing
Repayment of Sprint Nextel Corporation pre-closing financing
Other financing
Net cash provided by financing activities
Effect of foreign currency exchange rates on cash and cash equivalents
Net (decrease) increase in cash and cash equivalents
Cash and cash equivalents:
Beginning of period
End of period
Supplemental cash flow disclosures:
Cash paid for interest including capitalized interest paid
Swap interest paid, net
Non-cash investing activities:
Fixed asset purchases in accounts payable and accrued expenses
Fixed asset purchases financed by long-term debt
Spectrum purchases in accounts payable
Common stock of Sprint Nextel Corporation issued for spectrum licenses
Non-cash financing activities:
Conversion of Old Clearwire Class A shares into New Clearwire Class A shares
Vendor financing obligations
Capital lease obligations
Year Ended December 31,
2010 (In thousands)
$ (2,303,094)
(1,192)
1,971
(63,255)
—
6,113
466,112
57,433
200,901
47,535
—
349,512
—
(4,808)
(20,104)
(74,600)
(3,294)
172,057
(1,168,713)
(2,656,503)
(15,428)
(2,098,705)
3,776,805
—
(19,387)
(1,013,218)
(876)
1,413,319
(53,285)
54,828
304,015
—
—
—
—
1,718,001
(525)
(464,455)
1,698,017
$ 1,233,562
$ 336,314
$ —
$ 120,025
$ 133,288
$ —
$ —
$ —
$ (60,251)
$ (73,037)
2009
$ (1,253,846)
712
1,202
(6,939)
10,015
66,375
208,263
57,898
108,953
27,512
—
60,874
(8,252)
(9,450)
(2,381)
(64,930)
(23,861)
355,371
(472,484)
(1,450,238)
(46,816)
(3,571,154)
3,280,455
—
4,754
(1,782,999)
(1,171,775)
2,467,830
(44,217)
1,481,813
12,196
—
—
—
—
2,745,847
1,510
491,874
1,206,143
$ 1,698,017
$ 119,277
$ 13,915
$ 89,792
$ —
$ —
$ —
$ —
$ —
$ —
2008
$ (592,347)
61,607
174
6,072
17,036
1,667
58,146
17,109
—
6,465
80,573
—
—
(892)
402
6,354
(63,138)
(5,534)
(406,306)
(534,196)
(109,257)
(1,774,324)
—
171,780
167
(2,245,830)
(3,573)
—
(50,000)
3,200,037
—
532,165
392,196
(213,000)
(70)
3,857,755
524
1,206,143
—
$ 1,206,143
$ 7,432
$ —
$ 40,761
$ —
$ 10,560
$ 4,000
$ 894,433
$ —
$ —
See notes to consolidated financial statements
Table of Contents
F-39