Sprint - Nextel 2011 Annual Report Download - page 108

Table of Contents
CLEARWIRE CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
See notes to consolidated financial statements
F-41
Year ended December 31,
2011 2010 2009
(In thousands, except per share data)
Revenues $ 1,253,466 $ 535,103 $ 243,772
Operating expenses:
Cost of goods and services and network costs (exclusive of items shown separately below) 1,249,966 912,776 410,899
Selling, general and administrative expense 698,067 870,980 515,296
Depreciation and amortization 687,636 454,003 190,273
Spectrum lease expense 308,693 279,993 259,359
Loss from abandonment of network and other assets 700,341 180,001 7,864
Total operating expenses 3,644,703 2,697,753 1,383,691
Operating loss (2,391,237) (2,162,650) (1,139,919)
Other income (expense):
Interest income 2,335 4,950 9,649
Interest expense (505,992) (152,868) (69,431)
Gain (loss) on derivative instruments 145,308 63,255 (6,976)
Other income (expense), net 681 (2,671) (1,751)
Total other expense, net (357,668) (87,334) (68,509)
Loss from continuing operations before income taxes (2,748,905) (2,249,984) (1,208,428)
Income tax provision (106,828) (1,218) (160)
Net loss from continuing operations (2,855,733) (2,251,202) (1,208,588)
Less: non-controlling interests in net loss from continuing operations of consolidated subsidiaries 2,158,831 1,775,840 894,841
Net loss from continuing operations attributable to Clearwire Corporation (696,902) (475,362) (313,747)
Net loss from discontinued operations attributable to Clearwire Corporation (Note 18) (20,431) (12,075) (11,835)
Net loss attributable to Clearwire Corporation $ (717,333) $ (487,437) $ (325,582)
Net loss from continuing operations attributable to Clearwire Corporation per Class A Common Share:
Basic $ (2.70) $ (2.14) $ (1.66)
Diluted $ (2.99) $ (2.41) $ (1.68)
Net loss attributable to Clearwire Corporation per Class A Common Share:
Basic $ (2.78) $ (2.19) $ (1.72)
Diluted $ (3.07) $ (2.46) $ (1.74)