2.2.0.7
false
Long-term Debt, Net
0209 - Disclosure - Long-term Debt, Net
true
false
false
false
1
USD
false
false
USD
Standard
http://www.xbrl.org/2003/iso4217
USD
iso4217
0
$
2
0
us-gaap_LongTermDebtAbstract
us-gaap
true
na
duration
No definition available.
false
false
false
false
false
true
false
false
false
false
false
false
|
1
false
false
false
false
0
0
false
false
false
|
xbrli:stringItemType
string
No definition available.
false
3
1
us-gaap_LongTermDebtTextBlock
us-gaap
true
na
duration
No definition available.
false
false
false
false
false
false
false
false
false
false
false
verboselabel
false
|
1
false
false
false
false
0
0
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 9 - us-gaap:LongTermDebtTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>9. Long-term Debt, Net</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     During the fourth quarter of 2009, Clearwire Communications completed offerings of $2.52
billion 12% senior secured notes due 2015, which we refer to as the Senior Secured Notes. In
connection with the issuance of the Senior Secured Notes, we also issued $252.5 million of notes to
Sprint Nextel Corporation, which we refer to as Sprint, and Comcast Corporation, which we refer to
as Comcast, with identical terms as the Senior Secured Notes, which we refer to as the Rollover
Notes, in replacement of equal amounts of indebtedness under the senior term loan facility that we
assumed from the legacy Clearwire Corporation, which we refer to as the Senior Term Loan Facility.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     During the second quarter of 2010, we entered into a vendor financing facility allowing us to
obtain up to $160.0 million of financing, which we refer to as the Vendor Financing Facility, with
an infrastructure vendor. Notes, which we refer to as Vendor Financing Notes, may be entered into
under this facility until January 31, 2011. The Vendor Financing Notes have a coupon rate based on
the 3-month LIBOR plus a spread of 5.50% which are due quarterly. Principal repayments begin in
2011 and the notes mature in January of 2014. At June 30, 2010, we had utilized $33.0 million of
the facility which is secured by the network and base station equipment being financed.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     Long-term debt consisted of the following (in thousands):
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3"><b>June 30,</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3"><b>December 31,</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3"><b>2010</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3"><b>2009</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td colspan="7" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Senior Secured Notes and Rollover Notes, due in 2015, interest due bi-annually
</div></td>
<td> </td>
<td align="right">$</td>
<td align="right">2,772,494</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">2,772,494</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Discount on Senior Secured Notes and Rollover Notes
</div></td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">(54,628</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">(57,763</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Vendor Financing Notes, due in 2014, interest due quarterly
</div></td>
<td> </td>
<td> </td>
<td align="right">32,962</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Discount on Vendor Financing Notes
</div></td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">(156</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td colspan="7" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Total long-term debt including current portion, net
</div></td>
<td> </td>
<td> </td>
<td align="right">2,750,672</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,714,731</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Less: Current portion of Vendor Financing Notes<sup style="font-size: 85%; vertical-align: text-top">(1)</sup>
</div></td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">(2,747</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td colspan="7" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Total long-term debt, net
</div></td>
<td> </td>
<td align="right">$</td>
<td align="right">2,747,925</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">2,714,731</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td colspan="7" align="left" style="border-top: 3px double #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left">
<div style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000"> 
</div>
</div>
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">(1)</sup></td>
<td> </td>
<td>Included in Accounts payable and other current liabilities on the condensed
consolidated balance sheet.</td>
</tr>
</table>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     The weighted average effective interest rate of the Senior Secured Notes and Rollover
Notes was 13.04% at June 30, 2010 and 13.02% at December 31, 2009. The weighted average effective
interest rate of the Vendor Financing Notes was 6.18% at June 30, 2010.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     Our payment obligations under the Senior Secured Notes and Rollover Notes are guaranteed by
certain domestic subsidiaries on a senior basis and secured by certain assets of such subsidiaries
on a first-priority lien. The Senior Secured Notes and Rollover Notes contain limitations on our
activities, which among other things, include incurring additional indebtedness and guarantee
indebtedness; making distributions or payment of dividends or certain other restricted payments or
investments; making certain payments on indebtedness; entering into agreements that restrict
distributions from restricted subsidiaries; selling or otherwise disposing of assets;
merger, consolidation or sales of substantially all of our assets; entering into transactions
with affiliates; creating liens; issuing certain preferred stock or similar equity securities and
making investments and acquiring assets.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     <i>Interest Expense, Net — </i>Interest expense included in our condensed consolidated statements of
operations consisted of the following (in thousands):
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="7"><b>Three Months Ended</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="7"><b>Six Months Ended</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000"><b>June 30,</b></td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000"><b>June 30,</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3"><b>2010</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3"><b>2009</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3"><b>2010</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3"><b>2009</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td colspan="15" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Interest coupon on long-term debt
</div></td>
<td> </td>
<td align="right">$</td>
<td align="right">83,418</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">31,817</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">166,602</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">63,275</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Accretion of debt discount
</div></td>
<td> </td>
<td> </td>
<td align="right">3,309</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">18,109</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,374</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">37,261</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Interest on capital leases<sup style="font-size: 85%; vertical-align: text-top">(1)</sup>
</div></td>
<td> </td>
<td> </td>
<td align="right">253</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">253</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Capitalized interest
</div></td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">(62,511</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">(32,960</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">(114,923</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">(55,972</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td colspan="15" nowrap="nowrap" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Interest expense
</div></td>
<td> </td>
<td align="right">$</td>
<td align="right">24,469</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">16,966</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">58,306</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">44,564</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td colspan="15" align="left" style="border-top: 3px double #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left">
<div style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000"> 
</div>
</div>
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">(1)</sup></td>
<td> </td>
<td>Capital lease obligations included in Other long-term liabilities on the condensed consolidated balance sheet.</td>
</tr>
</table>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note
false
false
false
|
us-types:textBlockItemType
textblock
This element may be used as a single block of text to encapsulate the entire disclosure for long-term borrowings including data and tables.
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 22
-Article 5
false
1
2
false
UnKnown
UnKnown
UnKnown
false
true