Sprint - Nextel 2012 Annual Report Download - page 212

Table of Contents
CLEARWIRE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
Summarized quarterly financial information for the years ended December 31, 2012 and 2011 is as follows (in thousands, except per share data):
Under the terms of agreements governing the indebtedness of Clearwire Communications, which is a subsidiary of Clearwire and comprises
substantially all of the net assets of the Company, such subsidiary is restricted from making dividend payments, loans or advances, other than
mandatory tax payments
and reimbursement of costs, to Clearwire. The restrictions have resulted in the restricted net assets (as defined in
Securities and Exchange Commission Rule 4 - 08(e)(3) of Regulation S - X) of Clearwire ’ s subsidiary exceeding 25% of the consolidated net assets of
Clearwire and its subsidiaries.
F - 90
19.
Quarterly Financial Information (unaudited)
First
Second
Third
Fourth
Total
2012 quarter:
Total revenues
$
322,639
$
316,932
$
313,882
$
311,241
$
1,264,694
Operating loss
$
(421,887
)
$
(311,260
)
$
(332,905
)
$
(312,731
)
$
(1,378,783
)
Net loss from continuing operations
$
(561,026
)
$
(431,027
)
$
(320,410
)
$
(431,282
)
$
(1,743,745
)
Net loss from continuing operations
attributable to Clearwire Corporation
$
(182,054
)
$
(143,179
)
$
(41,344
)
$
(194,985
)
$
(561,562
)
Net loss attributable to Clearwire
Corporation
$
(181,823
)
$
(145,809
)
$
(213,781
)
$
(187,154
)
$
(728,567
)
Net loss from continuing operations
attributable to Clearwire Corporation per
Class A Common Share:
Basic
$
(0.40
)
$
(0.28
)
$
(0.07
)
$
(0.28
)
$
(1.01
)
Diluted
$
(0.44
)
$
(0.32
)
$
(0.22
)
$
(0.30
)
$
(1.27
)
Net loss attributable to Clearwire
Corporation per Class A Common Share:
Basic
$
(0.40
)
$
(0.29
)
$
(0.38
)
$
(0.27
)
$
(1.31
)
Diluted
$
(0.44
)
$
(0.33
)
$
(0.34
)
$
(0.29
)
$
(1.39
)
2011 quarter:
Total revenues
$
236,808
$
322,611
$
332,177
$
361,870
$
1,253,466
Operating loss
$
(647,358
)
$
(911,594
)
$
(399,136
)
$
(433,149
)
$
(2,391,237
)
Net loss from continuing operations
$
(793,160
)
$
(939,770
)
$
(479,457
)
$
(643,346
)
$
(2,855,733
)
Net loss from continuing operations
attributable to Clearwire Corporation
$
(216,877
)
$
(160,525
)
$
(83,502
)
$
(235,998
)
$
(696,902
)
Net loss attributable to Clearwire
Corporation
$
(226,955
)
$
(168,738
)
$
(84,791
)
$
(236,849
)
$
(717,333
)
Net loss from continuing operations
attributable to Clearwire Corporation per
Class A Common Share:
Basic
$
(0.89
)
$
(0.65
)
$
(0.34
)
$
(0.81
)
$
(2.70
)
Diluted
$
(0.89
)
$
(0.98
)
$
(0.53
)
$
(0.81
)
$
(2.99
)
Net loss attributable to Clearwire
Corporation per Class A Common Share:
Basic
$
(0.93
)
$
(0.68
)
$
(0.35
)
$
(0.81
)
$
(2.78
)
Diluted
$
(0.93
)
$
(1.01
)
$
(0.54
)
$
(0.81
)
$
(3.07
)
20.
Parent Company Only Condensed Financial Statements