Sprint - Nextel 2014 Annual Report Download - page 156

Table of Contents
Index to Consolidated Financial Statements
F-73
CLEARWIRE CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
190 Days Ended
July 9, Year ended December 31,
2013 2012 2011
(In thousands)
Cash flows from operating activities:
Net loss from continuing operations $ (1,102,305) $ (1,743,745) $ (2,855,733)
Adjustments to reconcile net loss to net cash used in operating activities:
Deferred income taxes 184,599 (199,199) 105,308
Non-cash gain on derivative instruments (5,337)(1,356)(145,308)
Accretion of discount on debt 36,832 41,386 40,216
Depreciation and amortization 370,411 768,193 687,636
Amortization of spectrum leases 27,871 54,328 53,674
Non-cash rent expense 82,332 197,169 342,962
Loss on property, plant and equipment (Note 4) 10,085 171,780 966,441
Other operating activities 20,973 42,740 27,745
Changes in assets and liabilities:
Inventory (10,057) 11,200 15,697
Accounts receivable (2,770) 50,401 (54,212)
Prepaids and other assets (53,431) 326 22,447
Prepaid spectrum licenses — 1,904 (4,360)
Deferred revenue 39,227 170,455 16,497
Accounts payable and other liabilities 60,329 (17,090)(152,180)
Net cash used in operating activities of continuing operations (341,241)(451,508)(933,170)
Net cash provided by (used in) operating activities of discontinued operations — (3,000) 2,381
Net cash used in operating activities (341,241)(454,508)(930,789)
Cash flows from investing activities:
Capital expenditures (76,843)(112,997)(405,655)
Purchases of available-for-sale investments (501,814)(1,797,787)(957,883)
Disposition of available-for-sale investments 699,450 1,339,078 1,255,176
Other investing activities 1,224 (655) 20,229
Net cash provided by (used in) investing activities of continuing operations 122,017 (572,361)(88,133)
Net cash provided by (used in) investing activities of discontinued operations — 1,185 (3,886)
Net cash provided by (used in) investing activities 122,017 (571,176)(92,019)
Cash flows from financing activities:
Principal payments on long-term debt (20,566)(26,985)(29,957)
Proceeds from issuance of long-term debt 240,000 300,000 —
Debt financing fees — (6,205)(1,159)
Equity investment by strategic investors 199 8 331,400
Proceeds from issuance of common stock — 58,460 387,279
Net cash provided by financing activities of continuing operations 219,633 325,278 687,563
Net cash provided by financing activities of discontinued operations — — —
Net cash provided by financing activities 219,633 325,278 687,563
Effect of foreign currency exchange rates on cash and cash equivalents 58 107 (4,573)
Net increase (decrease) in cash and cash equivalents 467 (700,299)(339,818)
Cash and cash equivalents:
Beginning of period 193,445 893,744 1,233,562
End of period 193,912 193,445 893,744
Less: cash and cash equivalents of discontinued operations at end of period — — 1,815
Cash and cash equivalents of continuing operations at end of period $ 193,912 $ 193,445 $ 891,929
Supplemental cash flow disclosures:
Cash paid for interest including capitalized interest paid $ 256,227 $ 505,913 $ 474,849
Non-cash investing activities:
Fixed asset purchases in accounts payable and accrued expenses $ 18,337 $ 20,795 $ 14,144
Fixed asset purchases financed by long-term debt $ 50,126 $ 36,229 $ 11,514
Non-cash financing activities:
Vendor financing obligations $ (11,128) $ (4,644) $ (3,332)
Capital lease obligations $ (38,998) $ (31,585) $ (8,182)
Class A common stock issued for repayment of long-term debt $ — $ 88,456 $ —
Repayment of long-term debt through issuances of Class A common stock $ — $ (88,456) $ —
See notes to consolidated financial statements