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Table of Contents
Index to Consolidated Financial Statements
CLEARWIRE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS —(CONTINUED)
The following table summarizes our financial assets by level within the valuation hierarchy at July 9, 2013 (in thousands):
Quoted
Prices in
Active
Markets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
Fair Value
Financial assets:
Cash and cash equivalents $ 193,912
$ —
$ —
$ 193,912
Short-term investments $ 251,244
$ 224,980
$ —
$ 476,224
Other assets — derivative warrant assets $ —
$ —
$ 215
$ 215
The following table summarizes our financial assets and liabilities by level within the valuation hierarchy at December 31, 2012 (in thousands):
Quoted
Prices in
Active
Markets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
Fair Value
Financial assets:
Cash and cash equivalents $ 193,445
$ —
$ —
$ 193,445
Short-term investments $ 375,743
$ 299,369
$ —
$ 675,112
Other assets — derivative warrant assets $ —
$ —
$ 211
$ 211
Financial liabilities:
Other current liabilities — derivative liabilities (Exchange Options) $ —
$ —
$ (5,333)
$ (5,333)
The following table presents the change in Level 3 financial assets and liabilities measured on a recurring basis for the 190 days ended July 9, 2013 (in thousands):
January 1, 2013
Acquisitions,
Issuances and
Settlements
Net
Realized/Unrealized
Gains
Included in
Earnings
Net Realized/Unrealized
Gains (Losses)
Included in
Accumulated
Other
Comprehensive
Income
July 9, 2013
Net Unrealized
Gains (Losses)
Included in 2012
Earnings Relating
to Instruments Held
at July 9, 2013
Other assets:
Derivatives $ 211
$ —
$ 4 (1)
$ —
$ 215
$ 4
Other current liabilities:
Derivatives $ (5,333)
$ —
$ 5,333 (1)
$ —
$ —
$ 5,333
_____________________________________
(1) Included in Gain on derivative instruments in the consolidated statements of operations.
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