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Table of Contents
CLEARWIRE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
The following condensed parent
- only financial statements of Clearwire account for the investment in Clearwire 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 - 91
December 31,
2012
2011
(In thousands)
ASSETS
Cash and cash equivalent
$
2
$
—
Other assets
1,186
3,319
Investments in equity method investees
1,187,993
1,481,047
Total assets
$
1,189,181
$
1,484,366
LIABILITIES AND STOCKHOLDERS ’ EQUITY
Deferred tax liabilities, net
$
143,992
$
152,182
Other liabilities
3,250
953
Total liabilities
147,242
153,135
Stockholders ’ equity
1,041,939
1,331,231
Total liabilities and stockholders ’ equity
$
1,189,181
$
1,484,366
Year Ended December 31,
2012
2011
2010
(In thousands)
Revenues
$
—
$
—
$
—
Operating expenses
16,315
8,982
7,283
Operating loss
(16,315
)
(8,982
)
(7,283
)
Other income (expense):
Loss from equity investees
(758,705
)
(612,214
)
(496,875
)
Other income
12,877
9,171
16,784
Total other expense, net
(745,828
)
(603,043
)
(480,091
)
Loss before income taxes
(762,143
)
(612,025
)
(487,374
)
Income tax benefit (provision)
199,199
(105,308
)
—
Net loss from continuing operations
$
(562,944
)
$
(717,333
)
$
(487,374
)
Net loss from discontinued operations
(167,176
)
—
—
Net loss
$
(730,120
)
$
(717,333
)
$
(487,374
)