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Table of Contents
CLEARWIRE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
The income tax provision consists of the following for the years ended December 31, 2012, 2011 and 2010 (in thousands):
The income tax rate computed using the federal statutory rates is reconciled to the reported effective income tax rate as follows:
F - 62
9.
Income Taxes
Year Ended December 31,
2012
2011
2010
Current taxes:
Federal
$
—
$
—
$
—
International
—
( 59
)
161
State
1,800
1,579
700
Total current taxes
1,800
1,520
861
Deferred taxes:
Federal
(182,520
)
96,292
—
International
—
—
357
State
(16,679
)
9,016
—
Total deferred taxes
(199,199
)
105,308
357
Income tax (benefit) provision
$
(197,399
)
$
106,828
$
1,218
Year Ended December 31,
2012
2011
2010
Federal statutory income tax rate
35.0
%
35.0
%
35.0
%
State income taxes (net of federal benefit)
0.7
0.7
1.0
Non - controlling interest
(21.3
)
(27.5
)
(27.6
)
Other, net
0.1
(1.4
)
0.1
Allocation to items of equity other than other comprehensive income
(1.2
)
1.7
—
Valuation allowance
(3.1
)
(12.4
)
(8.6
)
Effective income tax rate
10.2
%
(3.9
)%
(0.1
)%