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Table of Contents
CLEARWIRE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
N
et loss per share attributable to holders of Class A Common Stock on a diluted basis, assuming conversion of the Class B Common Interests and Class B Common
Stock and, where applicable, conversion of the Exchangeable Notes, is calculated based on the following information (in thousands, except per share amounts):
The diluted weighted average shares did not include the effects of the following potential common shares as their inclusion would have been antidilutive (in
thousands):
We have calculated and presented basic and diluted net loss per share of Class A Common Stock. Class B Common Stock net loss per share is not calculated since it
does not contractually participate in distributions of Clearwire.
F-77
Year Ended December 31,
2011 2010 2009
Net loss from continuing operations attributable to Class A Common Stockholders $ (696,902) $ (475,362) $ (323,238)
Non-controlling interests in net loss from continuing operations of consolidated subsidiaries (2,158,831) (1,775,840) (894,841)
Tax adjustment resulting from dissolution of Clearwire Communications (27,945) (27,117) (27,356)
Reversal of gain on Exchange Options and Exchangeable Notes interest expense, upon exchange of
notes
—
(58,296)
—
Net loss from continuing operations available to Class A Common Stockholders, assuming the
exchange of Class B to Class A Common Stock and conversion of the Exchangeable Notes (2,883,678) (2,336,615) (1,245,435)
Net loss from discontinued operations available to Class A Common Stockholders (20,431) (12,075) (11,835)
Non-controlling interest in net loss from discontinued operations of consolidated subsidiaries (61,379) (39,817) (33,423)
Net loss from discontinued operations available to Class A Common Stockholders, assuming the
exchange of Class B to Class A Common Stock (81,810) (51,892) (45,258)
Net loss available to Class A Common Stockholders, assuming the exchange of Class B to Class A
Common Stock and conversion of the Exchangeable Notes $ (2,965,488) $ (2,388,507) $ (1,290,693)
Weighted average shares Class A Common Stock outstanding 257,967 222,527 194,696
Weighted average shares converted from Class B Common Stock outstanding 707,132 741,962 546,375
Weighted average shares converted from the Exchangeable Notes
—
6,276
—
Total weighted average shares Class A Common Stock outstanding (diluted) 965,099 970,765 741,071
Net loss per share from continuing operations $ (2.99) $ (2.41) $ (1.68)
Net loss per share from discontinued operations (0.08) (0.05) (0.06)
Net loss per share $
—
$ (2.46) $ (1.74)
Year Ended December 31,
2011 2010 2009
Exchangeable Notes conversion shares 103,001
—
—
Stock options 8,920 18,380 22,154
Restricted stock units 13,820 12,414 9,488
Warrants 7,748 17,806 17,806
Subscription rights
—
22,657
—
Contingent shares
—
1,519 12,747
133,489 72,776 62,195