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Table of Contents
CLEARWIRE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
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.
CLEARWIRE CORPORATION
CONDENSED BALANCE SHEETS
CLEARWIRE CORPORATION
CONDENSED STATEMENTS OF OPERATIONS
F-84
December 31,
2011 2010
(In thousands)
ASSETS
Cash and cash equivalent $
—
$11
Other assets 3,319 3,321
Investments in equity method investees 1,481,047 1,552,932
Total assets $ 1,484,366 $ 1,556,264
LIABILITIES AND STOCKHOLDERS’ EQUITY
Deferred tax liabilities, net $ 152,182 $ 838
Other liabilities 953 714
Total liabilities 153,135 1,552
Stockholders’ equity 1,331,231 1,554,712
Total liabilities and stockholders’ equity $ 1,484,366 $ 1,556,264
Year Ended December 31,
2011 2010 2009
(In thousands)
Revenues $
—
$
—
$
—
Operating expenses 8,982 7,283 6,390
Operating loss (8,982) (7,283) (6,390)
Other income (expense):
Loss from equity investees (612,214) (496,875) (319,199)
Other income 9,171 16,784 7
Total other expense, net (603,043) (480,091) (319,192)
Loss before income taxes (612,025) (487,374) (325,582)
Income tax provision (105,308)
—
—
Net loss $ (717,333) $ (487,374) $ (325,582)