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Table of Contents
CLEARWIRE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
Basic Net Loss Per Share
The net loss per share attributable to holders of Class A Common Stock is calculated based on the following information (in thousands, except
per share amounts):
Diluted Net Loss Per Share
The potential exchange of Class B Common Interests together with Class B Common Stock for Class A Common Stock will have a dilutive effect
on diluted net loss per share due to certain tax effects. That exchange would result in both an increase in the number of Class A Common Stock
outstanding and a corresponding increase in the net loss attributable to the Class A Common Stockholders through the elimination of the non
-
controlling interests ’ allocation. Further, to the extent that all of the Class B Common Interests and Class B Common Stock are converted to Class A
Common Stock, the Clearwire Communications partnership structure would no longer exist and Clearwire would be required to recognize a tax
provision related to indefinite lived intangible assets.
Shares issuable upon the conversion of the Exchangeable Notes were included in the computation of diluted net loss per share for the year
ended December 31, 2010 on an “if converted” basis since the result was dilutive. For purpose of this computation, the change in fair value of the
Exchange Options and interest expense on the Exchangeable Notes were reversed for the period. For the years ended December 31, 2012 and 2011,
shares issuable upon the conversion of the Exchangeable Notes were excluded in the computation of diluted net loss per share as their inclusion
would have been antidilutive.
F - 83
16.
Net Loss Per Share
Year Ended December 31,
2012
2011
2010
Net loss from continuing operations
$
(1,743,745
)
$
(2,855,733
)
$
(2,251,202
)
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 Class A Common Stockholders
(561,562
)
(696,902
)
(475,362
)
Net loss from discontinued operations attributable to Class A Common Stockholders
(167,005
)
(20,431
)
(12,075
)
Net loss attributable to Class A Common Stockholders
$
(728,567
)
$
(717,333
)
$
(487,437
)
Weighted average shares Class A Common Stock outstanding
554,015
257,967
222,527
Net loss per share from continuing operations
$
(1.01
)
$
(2.70
)
$
(2.14
)
Net loss per share from discontinued operations
(0.30
)
(0.08
)
(0.05
)
Net loss per share
$
(1.31
)
$
(2.78
)
$
(2.19
)