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Table of Contents
CLEARWIRE CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
See notes to consolidated financial statements
F-40
December 31,
2011 December 31,
2010
(In thousands, except par value)
ASSETS
Current assets:
Cash and cash equivalents $ 891,929 $ 1,230,242
Short-term investments 215,655 502,316
Restricted cash 1,000 1,000
Accounts receivable, net of allowance of $5,542 and $3,792 83,660 24,653
Inventory 23,832 17,432
Prepaids and other assets 71,083 82,580
Total current assets 1,287,159 1,858,223
Property, plant and equipment, net 3,014,277 4,447,374
Restricted cash 7,619 29,355
Spectrum licenses, net 4,298,254 4,348,882
Other intangible assets, net 40,850 60,884
Other assets 157,797 199,003
Assets of discontinued operations (Note 18) 36,696 96,765
Total assets $ 8,842,652 $ 11,040,486
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued expenses $ 157,172 $ 448,789
Other current liabilities 122,756 226,997
Total current liabilities 279,928 675,786
Long-term debt, net 4,019,605 4,017,019
Deferred tax liabilities, net 152,182 838
Other long-term liabilities 719,703 444,774
Liabilities of discontinued operations (Note 18) 25,196 32,071
Total liabilities 5,196,614 5,170,488
Commitments and contingencies (Note 13)
Stockholders’ equity:
Class A common stock, par value $0.0001, 2,000,000 and 1,500,000 shares authorized; 452,215 and
243,544 shares outstanding 45 24
Class B common stock, par value $0.0001, 1,400,000 and 1,000,000 shares authorized; 839,703 and
743,481 shares outstanding 83 74
Additional paid-in capital 2,714,634 2,221,110
Accumulated other comprehensive income 2,793 2,495
Accumulated deficit (1,617,826) (900,493)
Total Clearwire Corporation stockholders’ equity 1,099,729 1,323,210
Non-controlling interests 2,546,309 4,546,788
Total stockholders’ equity 3,646,038 5,869,998
Total liabilities and stockholders’ equity $ 8,842,652 $ 11,040,486