Sprint - Nextel 2014 Annual Report Download - page 153

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Table of Contents
Index to Consolidated Financial Statements
F-70
CLEARWIRE CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
July 9,
2013 December 31,
2012
(In thousands, except par value)
ASSETS
Current assets:
Cash and cash equivalents $ 193,912 $ 193,445
Short-term investments 476,224 675,112
Restricted cash 1,642 1,653
Accounts receivable, net of allowance of $2,000 and $3,145 21,226 22,769
Inventory 19,403 10,940
Prepaids and other assets 135,948 83,769
Total current assets 848,355 987,688
Property, plant and equipment, net 2,019,326 2,259,004
Restricted cash 2,019 3,709
Spectrum licenses, net 4,222,900 4,249,621
Other intangible assets, net 18,204 24,660
Other assets 137,105 141,107
Total assets $ 7,247,909 $ 7,665,789
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued expenses $ 260,667 $ 177,855
Other current liabilities 332,113 227,610
Total current liabilities 592,780 405,465
Long-term debt, net 4,322,935 4,271,357
Deferred tax liabilities, net 218,450 143,992
Other long-term liabilities 961,328 963,353
Total liabilities 6,095,493 5,784,167
Commitments and contingencies (Note 12)
Stockholders’ equity:
Class A common stock, par value $0.0001, 1,500,000 and 2,000,000
shares authorized; 823,197 and 691,315 shares outstanding 82 69
Class B common stock, par value $0.0001, 1,500,000 and 1,400,000
shares authorized; 650,588 and 773,733 shares outstanding 65 77
Additional paid-in capital 3,477,182 3,158,244
Accumulated other comprehensive loss (2)(6)
Accumulated deficit (2,926,193)(2,346,393)
Total Clearwire Corporation stockholders’ equity 551,134 811,991
Non-controlling interests 601,282 1,069,631
Total stockholders’ equity 1,152,416 1,881,622
Total liabilities and stockholders’ equity $ 7,247,909 $ 7,665,789
See notes to consolidated financial statements