Sprint - Nextel 2014 Annual Report Download - page 170
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Table of Contents
Index to Consolidated Financial Statements
CLEARWIRE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS —(CONTINUED)
F-87
Other long-term liabilities
Other long-term liabilities consisted of the following (in thousands):
July 9, December 31,
2013 2012
Deferred rents associated with tower and spectrum leases(1) $ 795,597 $ 717,741
Cease-to-use liability(1) 104,841 114,284
Deferred revenue(1) 13,750 83,887
Other(1) 47,140 47,441
Total $ 961,328 $ 963,353
(1) See Note 15, Related Party Transactions, for further detail regarding balances with related parties.
8. Income Taxes
The income tax provision (benefit) consists of the following for the 190 days ended July 9, 2013 and the years
ended December 31, 2012 and 2011 (in thousands):
For the 190 Days
Ended July 9, Year Ended December 31,
2013 2012 2011
Current taxes:
International $ — $ — $ (59)
State 881 1,800 1,579
Total current taxes 881 1,800 1,520
Deferred taxes:
Federal 170,248 (182,520) 96,292
State 14,351 (16,679) 9,016
Total deferred taxes 184,599 (199,199) 105,308
Income tax provision (benefit) $ 185,480 $ (197,399) $ 106,828
The income tax rate computed using the federal statutory rates is reconciled to the reported effective income tax rate
as follows:
For the 190
Days Ended
July 9, Year Ended December 31,
2013 2012 2011
Federal statutory income tax rate 35.0 % 35.0% 35.0 %
State income taxes (net of federal benefit) 0.3 0.7 0.7
Non-controlling interest (19.9) (21.3) (27.5)
Basis adjustments in investments in Clearwire Communications LLC (11.1) 1.1 (1.5)
Other, net 0.8 (1.0) 0.1
Allocation to items of equity other than other comprehensive income 12.0 (1.2) 1.7
Valuation allowance (37.3) (3.1) (12.4)
Effective income tax rate (20.2)% 10.2% (3.9)%