This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Clearwire Reports Fourth Quarter And Full Year 2012 Results

(4) Retail CPGA (Cost per Gross Addition) is selling, general and administrative costs, less general and administrative costs and acquired businesses costs (costs from entities that were acquired by Clearwire's predecessor entity) plus device equipment subsidies, divided by gross retail customer additions in the period.

  Three months ended
  (Unaudited)
  (in thousands) December 31, 2012 September 30, 2012 June 30, 2012 December 31, 2011
         
Selling, general and administrative  $ 138,489  $ 139,365  $ 137,693  $ 128,502
Less: G&A and other  (113,103)  (104,720)  (100,409)  (97,227)
Selling expense  25,386  34,645  37,284  31,275
Plus: Equipment COGS  16,300  17,707  8,959  9,875
Less: Equipment revenue  (9,042)  (9,396)  (8,269)  (9,111)
         
Total retail CPGA Expense  $ 32,644  $ 42,956  $ 37,974  $ 32,039
         
Total gross adds  211  225  168  124
Total retail CPGA  $ 155  $ 191  $ 226  $ 259
   
  Year ended
  (Unaudited)
  (in thousands) December 31, 2012 December 31, 2011
     
Selling, general and administrative  $ 558,202  $ 698,067
Less: G&A and other  (413,640)  (473,696)
Selling expense  144,562  224,371
Plus: Equipment COGS  57,586  24,113
Less: Equipment revenue  (41,062)  (21,952)
     
Total retail CPGA Expense  $ 161,086  $ 226,532
     
Total gross adds  800  776
Total retail CPGA  $ 201  $ 292

Management uses retail CPGA to measure the efficiency of the company's customer acquisition efforts, to track changes in Clearwire's average cost of acquiring new subscribers over time, and to help evaluate how changes in the company's sales and distribution strategies affect the cost-efficiency of the company's customer acquisition efforts. Clearwire believes investors use retail CPGA primarily as a tool to track changes in the company's average cost of acquiring new subscribers.

CONTACT: Investor Relations:
         Alice Ryder, 425-505-6494
         alice.ryder@clearwire.com
         
         Media Relations:
         Susan Johnston, 425-505-6178
         susan.johnston@clearwire.com
         
         JLM Partners for Clearwire:
         Mike DiGioia or Jeremy Pemble, 206-381-3600
         mike@jlmpartners.com or jeremy@jlmpartners.com

Clearwire Corporation Logo

7 of 7

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,039.48 -40.09 -0.23%
S&P 500 1,995.65 -1.09 -0.05%
NASDAQ 4,556.5810 -1.1140 -0.02%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs