Sprint - Nextel 2012 Annual Report Download - page 163

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Table of Contents
CLEARWIRE CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
See notes to consolidated financial statements
F
-
42
Year ended December 31,
2012
2011
2010
(In thousands, except per share data)
Revenues
$
1,264,694
$
1,253,466
$
535,103
Operating expenses:
Cost of goods and services and network costs (exclusive of items shown separately
below)
908,078
1,249,966
912,776
Selling, general and administrative expense
558,202
698,067
870,980
Depreciation and amortization
768,193
687,636
454,003
Spectrum lease expense
326,798
308,693
279,993
Loss from abandonment of network and other assets
82,206
700,341
180,001
Total operating expenses
2,643,477
3,644,703
2,697,753
Operating loss
(1,378,783
)
(2,391,237
)
(2,162,650
)
Other income (expense):
Interest income
1,895
2,335
4,950
Interest expense
(553,459
)
(505,992
)
(152,868
)
Gain on derivative instruments
1,356
145,308
63,255
Other income (expense), net
(12,153
)
681
(2,671
)
Total other expense, net
(562,361
)
(357,668
)
(87,334
)
Loss from continuing operations before income taxes
(1,941,144
)
(2,748,905
)
(2,249,984
)
Income tax benefit (provision)
197,399
(106,828
)
(1,218
)
Net loss from continuing operations
(1,743,745
)
(2,855,733
)
(2,251,202
)
Less: non
-
controlling interests in net loss from continuing operations of consolidated
subsidiaries
1,182,183
2,158,831
1,775,840
Net loss from continuing operations attributable to Clearwire Corporation
(561,562
)
(696,902
)
(475,362
)
Net loss from discontinued operations attributable to Clearwire Corporation, net of tax (Note
18)
(167,005
)
(20,431
)
(12,075
)
Net loss attributable to Clearwire Corporation
$
(728,567
)
$
(717,333
)
$
(487,437
)
Net loss from continuing operations attributable to Clearwire Corporation per Class A
Common Share:
Basic
$
(1.01
)
$
(2.70
)
$
(2.14
)
Diluted
$
(1.27
)
$
(2.99
)
$
(2.41
)
Net loss attributable to Clearwire Corporation per Class A Common Share:
Basic
$
(1.31
)
$
(2.78
)
$
(2.19
)
Diluted
$
(1.39
)
$
(3.07
)
$
(2.46
)