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Table of Contents
Index to Consolidated Financial Statements
CLEARWIRE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — ( CONTINUED)
Investments as of
July 9, 2013 and December 31, 2012 consisted of the following (in thousands):
During the first quarter of 2012, we sold the Auction Market Preferred securities and recorded a gain of
$3.3 million to Other income (expense), net on the
consolidated statements of operations representing the total proceeds received. We no longer own any collateralized debt obligations or Auction Market
Preferred securities.
No other
- than - temporary impairment losses were recorded for the 190 days ended July 9, 2013 or the years ended December 31, 2012 or 2011.
Property, plant and equipment as of
July 9, 2013 and December 31, 2012 consisted of the following (in thousands):
We have entered into lease arrangements related to our network construction and equipment that meet the criteria for capital leases. At
July 9, 2013 and
December 31, 2012 , we have recorded capital lease assets with an original cost of $151.8 million and $112.8 million , respectively, within network and base station
equipment.
Construction in progress is primarily composed of costs incurred during the process of completing network projects not yet placed in service. The balance
at
July 9, 2013 included $145.5 million of costs related to completing network projects not yet placed in service, $38.1 million of network and base station
equipment not yet assigned to a project and
$0.4 million of costs related to information technology, which we refer to as IT, and other corporate projects.
F - 63
3.
Investments
July 9, 2013
December 31, 2012
Gross Unrealized
Gross Unrealized
Cost
Gains
Losses
Fair Value
Cost
Gains
Losses
Fair Value
Short-term
U.S. Government and Agency
Issues
$
476,170
$
54
$
—
$
476,224
$
675,024
$
88
$
—
$
675,112
4.
Property, Plant and Equipment
Useful
July 9,
December 31,
Lives (Years)
2013
2012
Network and base station equipment
5 - 15
$
3,400,849
$
3,396,376
Customer premise equipment
2
35,962
45,376
Furniture, fixtures and equipment
3 - 5
487,470
480,160
Leasehold improvements
Lesser of useful life or lease
term
27,714
30,142
Construction in progress
N/A
184,022
156,630
4,136,017
4,108,684
Less: accumulated depreciation and amortization
(2,116,691
)
(1,849,680
)
$
2,019,326
$
2,259,004
190 Days Ended July
9,
Year Ended December 31,
2013
2012
2011
Supplemental information (in thousands):
Capitalized interest
$
6,751
$
6,598
$
18,823
Depreciation expense
$
362,777
$
749,765
$
665,344