MIME-Version: 1.0 X-Document-Type: Workbook Content-Type: multipart/related; boundary="----=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27" This document is a Single File Web Page, also known as a Web Archive file. If you are seeing this message, your browser or editor doesn't support Web Archive files. Please download a browser that supports Web Archive, such as Microsoft Internet Explorer. ------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Workbook.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"

This page should be opened with Microsoft Excel XP or newer.

------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet01.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Document and Entity Information (USD $)
 12 Months Ended
Dec. 31, 2014
 Feb. 28, 2015
 Jun. 30, 2014
 Dec. 31, 2013
Common stock, shares authorized 600,000,000 600,000,000
Document Type 10-K
Amendment Flag false
Document Period End Date Dec 31, 2014
Document Fiscal Year Focus 2014
Document Fiscal Period Focus FY
Entity Public Float $ 94,798,954
Entity Registrant Name NII HOLDINGS INC
Entity Central Index Key 0001037016
Entity Tax Identification Number 911671412
Current Fiscal Year End Date --12-31
Entity Current Reporting Status Yes
Entity Filer Category Accelerated Filer
Entity Common Stock, Shares Outstanding 172,363,259
Entity Well-known Seasoned Issuer No
Entity Voluntary Filers No
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet02.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified		 Dec. 31, 2014
 Dec. 31, 2013
Current assets
Cash and cash equivalents $ 573,600 $ 1,730,335
Short-term investments 153,612 585,760
Accounts receivable, less allowance for doubtful accounts of $66,252 and $41,282 398,678 511,406
Handset and accessory inventory 207,633 336,620
Deferred income taxes, net 50,692 127,395
Assets Held-for-sale, Current 0 59,096
Prepaid expenses and other 329,197 397,574
Total current assets 1,713,412 3,748,186
Property, plant and equipment, net 2,432,933 3,337,545
Intangible assets, net 822,124 980,369
Deferred income taxes, net 5,767 26,713
Assets Held-for-sale, Other, Noncurrent 0 109,835
Other assets 456,355 477,306
Total assets 5,430,591 8,679,954
Current liabilities
Accounts payable 279,804 346,128
Accrued expenses and other 562,988 959,059
Deferred revenues 89,019 127,782
Current portion of long-term debt 777,569 96,839
Deposits related to 2013 sale of towers 0 720,013
Liabilities related to discontinued operations 0 36,769
Total current liabilities 1,709,380 2,286,590
Long-term debt 734,823 5,696,632
Deferred credits 58,088 108,991
Liabilities of Disposal Group, Including Discontinued Operation, Noncurrent 0 5,326
Other long-term liabilities 299,571 227,028
Total liabilities 2,801,862 8,324,567
Liabilities Subject to Compromise 4,593,493 0
Commitments and contingencies (Note 11)      
Stockholders' equity
Undesignated preferred stock, par value $0.001, 10,000 shares authorized — 2014 and 2013, no shares issued or outstanding — 2014 and 2013 0 0
Common stock, par value $0.001, 600,000 shares authorized — 2014 and 2013, 172,363 shares issued and outstanding — 2014, 172,105 shares issued and outstanding — 2013 172 172
Paid-in capital 1,517,081 1,504,258
Retained earnings (2,150,664) (192,966)
Accumulated other comprehensive loss (1,331,353) (956,077)
Total stockholders' equity (1,964,764) 355,387
Total liabilities and stockholders' equity $ 5,430,591 $ 8,679,954
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet03.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)
In Thousands, except Share data, unless otherwise specified		 Dec. 31, 2014
 Dec. 31, 2013
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable, current $ 55,015 $ 54,531
Preferred stock, par value $ 0.001 $ 0.001
Preferred stock, shares authorized 10,000,000 10,000,000
Preferred stock, shares issued 0 0
Preferred stock, shares outstanding 0 0
Common stock, par value $ 0.001 $ 0.001
Common stock, shares authorized 600,000,000 600,000,000
Common stock shares issued 172,363,259 172,104,720
Common stock shares outstanding 172,363,259 172,104,720
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet04.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified		 12 Months Ended
Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
Operating revenues
Service and other revenues $ 3,447,167 $ 4,517,154 $ 5,424,766
Digital handset and accessory revenues 241,553 194,413 268,469
Total operating revenues 3,688,720 4,711,567 5,693,235
Operating expenses
Cost of service (exclusive of depreciation and amortization included below) 1,308,835 1,392,140 1,509,543
Cost of digital handsets and accessories 973,491 884,789 792,466
Selling, general and administrative 1,699,058 1,941,773 2,261,922
Provision for doubtful accounts 114,784 111,460 214,454
Restructuring, Settlement and Impairment Provisions 220,742 168,543 30,401
Gain (Loss) on Sale of Assets and Asset Impairment Charges (74,631) 0 0
Depreciation 592,056 629,606 558,224
Amortization 80,649 63,321 46,937
Total operating expenses 4,800,200 5,080,172 5,199,493
Operating (loss) income (1,111,480) (368,605) 493,742
Other expense
Interest expense, net (449,345) (526,530) (359,795)
Interest income 66,425 43,327 33,785
Foreign currency transaction losses, net (130,499) (123,369) (63,330)
Other expense, net (6,721) (12,859) (28,097)
Total other expense (520,140) (619,431) (417,437)
(Loss) income from continuing operations before reorganization items and income tax provision (1,631,620) (988,036) 76,305
Reorganization Items (71,601) 0 0
Income tax provision (Note 13) (74,091) (446,052) (158,144)
Net loss from continuing operations (1,777,312) (1,434,088) (81,839)
Loss from discontinued operations, net of income taxes (Note 5) (180,386) (215,511) (683,410)
Net loss (1,957,698) (1,649,599) (765,249)
Net loss from continuing operations per common share, basic and diluted $ (10.31) $ (8.34) $ (0.48)
Net loss from discontinued operations per common share, basic and diluted $ (1.05) $ (1.26) $ (3.98)
Net loss per common share, basic and diluted $ (11.36) $ (9.6) $ (4.46)
Weighted average number of common shares outstanding, basic and diluted 172,283 171,912 171,499
Comprehensive loss, net of income taxes
Foreign currency translation adjustment (340,847) (334,893) (97,589)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax (33,885) 0 0
Other (544) 2,257 (1,802)
Other comprehensive loss (375,276) (332,636) (99,391)
Net loss (1,957,698) (1,649,599) (765,249)
Total comprehensive loss $ (2,332,974) $ (1,982,235) $ (864,640)
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet05.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (USD $)
In Thousands, except Share data		 Total
 Accumulated Other Comprehensive Loss
 Retained Earnings
 Paid-in Capital
 Common Stock
Beginning Balance, Value at Dec. 31, 2011 $ 3,138,082 $ (524,050) $ 2,221,882 $ 1,440,079 $ 171
Beginning Balance, Shares at Dec. 31, 2011 171,177,000
Net loss (765,249) (765,249)
Other comprehensive loss (99,391) (99,391)
Purchase of convertible notes (526) (526)
Share-based payment expense for equity-based awards 43,533 43,533
Exercise of stock options, Shares 476,000
Ending Balance, Value at Dec. 31, 2012 2,316,449 (623,441) 1,456,633 1,483,086 171
Ending Balance, Shares at Dec. 31, 2012 171,653,000
Net loss (1,649,599) (1,649,599)
Other comprehensive loss (332,636) (332,636)
Share-based payment expense for equity-based awards 21,173 21,172
Exercise of stock options, Shares 452,000
Ending Balance, Value at Dec. 31, 2013 355,387 (956,077) (192,966) 1,504,258 172
Ending Balance, Shares at Dec. 31, 2013 172,105,000
Net loss (1,957,698) (1,957,698)
Other comprehensive loss (375,276) (375,276)
Share-based payment expense for equity-based awards 12,823 12,823
Exercise of stock options, Shares 258,000
Ending Balance, Value at Dec. 31, 2014 $ (1,964,764) $ (1,331,353) $ (2,150,664) $ 1,517,081 $ 172
Ending Balance, Shares at Dec. 31, 2014 172,363,000
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet06.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified		 12 Months Ended
Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
Cash flows from operating activities:
Net loss $ (1,957,698) $ (1,649,599) $ (765,249)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Loss from discontinued operations 180,386 215,511 683,410
Reorganization Costs, Operating Activities 54,851 0 0
Amortization of debt discount and financing costs 16,816 31,283 21,598
Depreciation and amortization 672,705 692,927 605,161
Provision for doubtful accounts 114,784 111,460 214,454
Provision For Inventory Losses 40,768 56,077 1,470
Foreign currency transaction losses, net 130,499 123,369 63,330
Impairment charges, restructuring charges and losses on disposal of fixed assets 176,577 149,227 38,535
Gain (Loss) on Sale of Assets and Asset Impairment Charges (74,631) 0 0
Deferred income tax provision (benefit) 48,453 382,070 (17,877)
Share-based compensation expense 13,845 27,255 40,430
Other, net (5,002) (11,537) 30,981
Changes in assets and liabilities:
Accounts receivable (52,706) (29,458) (83,946)
Handset and accessory inventory 57,465 (112,919) (48,705)
Prepaid expenses and other (66,218) (24,495) (239,876)
Other long-term assets (166,366) (52,875) (99,862)
Accounts payable, accrued expenses and other 249,339 63,386 119,865
Total operating cash (used in) provided by continuing operations (566,133) (28,318) 563,719
Total operating cash used in discontinued operations (62,583) (164,133) (210,536)
Net cash (used in) provided by operating activities (628,716) (192,451) 353,183
Cash flows from investing activities:
Capital expenditures (612,161) (620,895) (953,882)
Purchase of investments (1,637,913) (2,360,529) (1,678,918)
Proceeds from sales of investments 2,092,459 1,942,886 1,813,783
(Payments) proceeds related to 2013 sale of towers, net (39,618) 721,404 0
Change in restricted cash and escrow accounts (137,827) (39,436) (4,087)
Proceeds From Sale of Corporate Aircraft 32,390 0 0
Purchase of licenses and other (30,870) (52,859) (99,167)
Total investing cash used in continuing operations (333,540) (409,429) (922,271)
Total investing cash (used in) provided by discontinued operations (13,998) 231,817 (132,889)
Net cash used in investing activities (347,538) (177,612) (1,055,160)
Net Cash Provided by (Used in) Financing Activities [Abstract]
Borrowings under equipment financing facilities and other 14,590 145,122 446,546
Proceeds from issuance of senior notes 0 1,600,000 0
Repayments and purchases of convertible notes 0 0 (212,782)
Repayments Under Bank Loans and Other (142,230) (787,572) (352,048)
Other, net (632) (27,994) (46,001)
Total financing cash (used in) provided by continuing operations (128,272) 929,556 (164,285)
Total financing cash used in discontinued operations 0 (152,965) (74,010)
Net cash (used in) provided by financing activities (128,272) 776,591 (238,295)
Effect of exchange rate changes on cash and cash equivalents (55,657) (56,236) 844
Change in cash and cash equivalents related to discontinued operations 3,448 15,090 22,226
Net (decrease) increase in cash and cash equivalents (1,156,735) 365,382 (917,202)
Cash and cash equivalents, beginning of year 1,730,335 1,364,953 2,282,155
Cash and cash equivalents, end of year $ 573,600 $ 1,730,335 $ 1,364,953
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet07.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Summary of Operations (Notes)
 12 Months Ended
Dec. 31, 2014
Accounting Policies [Abstract]
Nature of Operations [Text Block]
1.    Summary of Operations
We provide wireless communication services under the NextelTM brand. Historically, our services were targeted to meet the needs of business customers and individuals who used our services to meet both professional and personal needs. With the deployment of our wideband code division multiple access, or WCDMA, networks in our markets, our target market has expanded to include both business subscribers and consumers who exhibit above average usage, revenue and loyalty characteristics and who we believe will be attracted to the services and attractive pricing plans we offer, the quality of and data speeds provided by our WCDMA networks and the quality of our customer service.
We provide our services through operating companies located in Brazil, Mexico and Argentina, with our principal operations located in major business centers and related transportation corridors of these countries. We provide services in major urban and suburban centers with high population densities where we believe there is a concentration of the country’s business users and economic activity. We believe that the growing economic base, increase in the middle and upper class and lower wireline service penetration encourage the use of the mobile wireless communications services that we offer and plan to offer in the future. Our WCDMA networks in Brazil and Mexico serve these major business centers and, in some instances, a broader geographic area in order to meet the requirements of our spectrum licenses. We also utilize roaming arrangements to expand the geographic coverage of our WCDMA-based services in Brazil and Mexico.
Our original networks utilize integrated digital enhanced network, or iDEN, technology developed by Motorola, Inc. to provide mobile services on our 800 megahertz, or MHz, spectrum holdings in all of our markets. Our next generation networks utilize WCDMA technology, which is a standards-based technology that is being deployed by carriers throughout the world. We also offer long-term evolution, or LTE, services in Rio de Janeiro in Brazil and in certain cities in Mexico. These technologies allow us to use our spectrum efficiently and offer multiple wireless services integrated into a variety of handset and data devices.
The services we currently offer include:
•
mobile telephone voice service;
•
wireless data services, including text messaging services, mobile internet services and email services;
•
push-to-talk services, including Direct Connect®, Prip and International Direct Connect® services, which allow subscribers to talk to each other instantly;
•
other value-added services, including location-based services, which include the use of Global Positioning System, or GPS, technologies; digital media services; and a wide ranging set of applications available via our content management system, as well as the AndroidTM open application market;
•
business solutions, such as security, work force management, logistics support and other applications that help our business subscribers improve their productivity; and
•
voice and data roaming services outside of our coverage areas.
The deployment and expansion of our WCDMA networks in Brazil and Mexico enables us to offer a wider range of products and services that are supported by that technology, including data services provided at substantially higher speeds than can be delivered on our iDEN networks. These WCDMA networks also support our unique push-to-talk services that provide differentiation from our competitors' offerings. In the third quarter of 2013, our WCDMA network reached geographic coverage parity with our iDEN network in Mexico, and in Brazil we are currently offering services supported by our WCDMA network in about 260 cities, including cities in and around Sao Paulo and Rio de Janeiro. In the second quarter of 2014, we launched LTE services in Rio de Janeiro, and during the fourth quarter of 2014, we began offering similar LTE services in certain cities in Mexico. We also offer service on our iDEN network in Argentina and continue to provide services on our iDEN networks in Brazil and Mexico.
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet08.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Chapter 11 Bankruptcy Proceedings Chapter 11 Proceedings
 12 Months Ended
Dec. 31, 2014
Text Block [Abstract]
Reorganization under Chapter 11 of US Bankruptcy Code Disclosure [Text Block]
.    Chapter 11 Filing

Overview.
On September 15, 2014, NII Holdings, Inc. and eight of its U.S. and Luxembourg-domiciled subsidiaries, including NII Capital Corp. and Nextel International Telecom, S.C.A, or NIIT, filed voluntary petitions seeking relief under Chapter 11 of Title 11 of the United States Bankruptcy Code, which we refer to as Chapter 11, in the United States Bankruptcy Court for the Southern District of New York, which we refer to as the Bankruptcy Court. Since September 15, 2014, five additional subsidiaries of NII Holdings, Inc. have filed voluntary petitions seeking relief under Chapter 11 in the Bankruptcy Court, with four subsidiaries filing on October 8, 2014 and one subsidiary filing on January 25, 2015. The entities that have filed petitions seeking relief under Chapter 11, which we refer to collectively as the debtors, continue to operate as "debtors-in-possession" under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court. Our operating subsidiaries in Brazil, Mexico and Argentina are not debtors in the Chapter 11 cases.

Under Chapter 11, we are permitted to continue to operate our business and manage our properties in the ordinary course of business without prior approval from the Bankruptcy Court. Transactions outside the ordinary course of business proposed to be undertaken by any of the debtors, including certain types of capital expenditures, as well as certain sales of assets, certain requests for additional financings and certain other arrangements, including material changes to agreements and employee compensation arrangements, require approval by the Bankruptcy Court. There can be no assurance that the Bankruptcy Court will grant any requests for such approvals. On October 14, 2014, the Bankruptcy Court issued a final order permitting us to pay pre-petition salaries, wages and benefits to all employees of our debtor entities and authorized the payment of certain other pre-petition claims, in limited circumstances, to avoid undue disruption to our operations.

On November 24, 2014, certain of the holders of the senior notes issued by NII Capital Corp. and NIIT, certain other creditors and the official committee of unsecured creditors appointed in the Chapter 11 cases, which we refer to as the Committee, reached agreement regarding the terms of a plan of reorganization, which we refer to as the Original Plan, and the debtors, consenting parties and the Committee entered into a plan support agreement, which we refer to as the Original PSA, that governed the respective parties' obligations in connection with the formulation and filing of, and the solicitation of votes with respect to, the Original Plan. The Original Plan and a related disclosure statement were filed with the Bankruptcy Court on December 22, 2014. As described below, on January 26, 2015, NII Holdings, Inc. and certain of its subsidiaries entered into a purchase and sale agreement with an indirect subsidiary of AT&T, Inc., or AT&T, for the sale of our Mexico operations, which we refer to as Nextel Mexico. The agreement to sell Nextel Mexico is inconsistent with the terms of the Original PSA and the Original Plan, and as a result, NII Holdings, Inc. exercised its right to terminate the Original PSA.

On March 5, 2015, certain of the debtors, holders of approximately $1.93 billion, or 70%, of the senior notes issued by NII Capital Corp. and approximately $1.15 billion, or 72%, of the senior notes issued by NIIT, which we refer to collectively as the Consenting Creditors, and the Committee reached agreement regarding the terms of a revised plan of reorganization, which we refer to as the Revised Plan, that takes into account the impact of, and is contingent upon, the sale of Nextel Mexico. Certain debtors, the Consenting Creditors and the Committee entered into a Revised PSA that governs the respective parties' obligations in connection with the formulation, filing and solicitation of votes with respect to the Revised PSA. The Revised Plan will provide for, among other things, the distribution of a portion of the net proceeds of the sale of Nextel Mexico to holders of the senior notes issued by NII Capital Corp. and NIIT and for the conversion of the remaining balance of these senior notes into equity interests in the reorganized company. The Revised Plan will also include a settlement of certain estate claims and claims related to the purported release of certain guarantees of our NII Capital Corp. senior notes due 2016 and 2019. The terms of the Revised PSA do not provide for any return of value to equity holders. In addition, the Revised PSA requires, among other things, (i) the plan proponents to file and solicit votes on the Revised Plan; (ii) the consenting parties to vote in favor of and otherwise support the Revised Plan; and (iii) the parties thereto to use commercially reasonable efforts to obtain confirmation of the Revised Plan and consummate the transactions contemplated under the plan term sheet that is part of the Revised PSA. The Revised PSA may be terminated under various circumstances, including if the Revised Plan is not confirmed or is not confirmed by specified dates.

The Revised PSA also contemplates that certain of our creditors will provide up to $350.0 million in bridge loan financing while our Chapter 11 case is pending that would remain outstanding in order to provide us with the additional liquidity necessary to fund our business plan until the sale of Nextel Mexico is completed.

The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The circumstances leading to our decision to seek relief under Chapter 11 and their impact on our business, including on our liquidity and the uncertainties associated with the Chapter 11 process, in combination with the potential impact of our failure to satisfy certain financial covenants under our existing debt obligations, raise substantial doubt about our ability to continue as a going concern. See Note 9 for more information on financial covenants. These consolidated financial statements do not include any adjustments that might result from the outcome of any of the uncertainties described herein.

Liabilities Subject to Compromise.

We have segregated liabilities and obligations whose treatment and satisfaction are dependent on the outcome of our reorganization in the Chapter 11 proceedings and have classified these items as liabilities subject to compromise. Generally, all actions to enforce or otherwise effect repayment of pre-petition liabilities of the debtors, as well as all pending litigation against the debtors, are stayed while we are subject to the Chapter 11 proceedings. The ultimate amount of and settlement terms for these types of liabilities will be subject to the claims resolution processes in the Chapter 11 cases and the terms of any plan of reorganization confirmed by the Bankruptcy Court in the Chapter 11 cases. Only those liabilities that are obligations of the debtors (and not the obligations of our operating subsidiaries that are not debtors in the Chapter 11 cases) are included in liabilities subject to compromise. These liabilities subject to compromise may vary significantly from the stated amounts of claims filed with the Bankruptcy Court. Obligations classified as liabilities subject to compromise may be subject to future adjustments depending on the decisions of the Bankruptcy Court in the Chapter 11 cases, further developments with respect to potential disputed claims and/or determination as to the value of any collateral securing claims or other events. Further, additional claims may arise subsequent to the Chapter 11 filing date resulting from the rejection of executory contracts and from a determination by the Bankruptcy Court, or agreed to by parties in interest, of allowed claims for contingencies and other disputed amounts.

We report interest expense incurred subsequent to our Chapter 11 filing date only to the extent that it will be paid during the cases or that it is probable that it will be an allowed claim. Principal and interest payments may not be made on pre-petition debt subject to compromise without approval from the Bankruptcy Court or until a plan of reorganization defining the repayment terms, if any, has been confirmed. Further, the Bankruptcy Code generally disallows the payment of post-petition interest that accrues with respect to unsecured or undersecured claims. As a result, we have not accrued interest that we believe is not probable of being treated as an allowed claim in the Chapter 11 cases. As a result, during the year ended December 31, 2014, we did not accrue interest aggregating $119.6 million on our NII Capital Corp. and NIIT senior notes subsequent to our Chapter 11 filing date.

As of December 31, 2014, we classified the entire principal balance of our NII Capital Corp. and NIIT senior notes, as well as interest that was accrued and due but unpaid prior to our Chapter 11 filing date, as liabilities subject to compromise in accordance with the requirements of reorganization accounting since these notes are obligations of the debtors. The components of our liabilities subject to compromise are as follows (in thousands):
 
December 31,
2014
7.625% Capital Corp. senior notes due 2021
$
1,450,000

8.875% Capital Corp. senior notes due 2019
500,000

10.0% Capital Corp. senior notes due 2016
800,000

7.875% NII International Telecom S.C.A. senior notes due 2019
700,000

11.375% NII International Telecom S.C.A. senior notes due 2019
900,000

    Total debt subject to compromise
4,350,000

Accrued interest on debt subject to compromise
203,010

Accounts payable
3,644

Accrued expenses and other
36,839

    Total liabilities subject to compromise
$
4,593,493



Reorganization Items.

We classify all income, expenses, gains or losses that are incurred or realized as a result of the commencement of the Chapter 11 cases as reorganization items in our consolidated statements of comprehensive loss. In addition, we report professional fees and related costs associated with and incurred during the Chapter 11 cases as reorganization items. We also reclassify interest income earned by the debtors that would not have been earned but for our Chapter 11 filing as reorganization items. During 2014, we wrote off $8.6 million in net unamortized discounts and premiums, as well as $48.2 million in unamortized financing costs related to all series of our NII Capital Corp. and NIIT senior notes, both of which are included as reorganization items in our consolidated statements of comprehensive loss. We also recognized $14.8 million in professional fees and other costs related to our Chapter 11 filing as reorganization items in our consolidated statements of comprehensive loss for the year ended December 31, 2014.

In accordance with the requirements of reorganization accounting, the following are condensed combined financial statements of the debtor entities:
NII HOLDINGS, INC. AND CERTAIN SUBSIDIARIES (DEBTORS-IN-POSSESSION) (1)
CONDENSED COMBINED BALANCE SHEET
(in thousands)

 
December 31,
2014
 
 
ASSETS
Current assets
 
Cash and cash equivalents
$
321,690

Short-term intercompany receivables
127,215

Accounts receivable, prepaid expenses and other
16,584

Total current assets
465,489

Property, plant and equipment, net
48,167

Intangible assets, net
18,000

Investments in and advances to non-debtor subsidiaries
423,163

Long-term intercompany receivables
1,712,199

Other assets
1,339

Total assets
$
2,668,357

LIABILITIES AND STOCKHOLDERS’ DEFICIT
Liabilities not subject to compromise
 
Current liabilities
 

Accounts payable
$
1,996

Accrued expenses and other
20,257

Total current liabilities
22,253

   Other long-term liabilities
4,805

Total liabilities not subject to compromise
27,058

Liabilities subject to compromise
4,593,493

Intercompany liabilities subject to compromise
12,570

Total liabilities
4,633,121

Total stockholders’ deficit
(1,964,764
)
Total liabilities and stockholders’ deficit
$
2,668,357


_______________________________________
(1)
The condensed combined balance sheet above includes those subsidiaries of NII Holdings, Inc. that had filed voluntary petitions seeking protection under Chapter 11 of the U.S. Bankruptcy Code as of December 31, 2014. These debtor subsidiaries consisted of: Nextel International Services, Ltd.; NII Capital Corp.; NII Aviation, Inc.; NII Funding Corp.; NII Global Holdings, Inc.; NII International Telecom S.C.A.; NII International Holdings S.à r.l.; NII International Services S.à r.l.; Airfone Holdings, LLC; Nextel International (Uruguay), LLC; McCaw International (Brazil), LLC; and NII Mercosur, LLC.
NII HOLDINGS, INC. AND CERTAIN SUBSIDIARIES (DEBTORS-IN-POSSESSION) (1)
CONDENSED COMBINED STATEMENT OF COMPREHENSIVE LOSS
(in thousands)


 
Year Ended December 31,
 
2014
 
 
Operating revenues
$
351

Operating expenses
 

Selling, general and administrative
148,538

Impairment and restructuring charges
63,393

Management fee and other
(49,010
)
Depreciation and amortization
19,309

 
182,230

Operating loss
(181,879
)
Other expense
 

Interest expense, net
(287,630
)
Intercompany interest expense
(50
)
Interest income
900

Intercompany interest income
34,507

Equity in losses of non-debtor subsidiaries
(1,460,247
)
Other income, net
8,302

 
(1,704,218
)
Loss before reorganization items and income tax provision
(1,886,097
)
Reorganization items
(71,601
)
Income tax provision
—

Net loss
$
(1,957,698
)
 
 
Comprehensive loss, net of income taxes
 
  Foreign currency translation adjustment
$
(340,847
)
  Reclassification adjustment for sale of Nextel Chile
(33,885
)
  Other
(544
)
  Other comprehensive loss
(375,276
)
  Net loss
(1,957,698
)
    Total comprehensive loss
$
(2,332,974
)

_______________________________________
(1)
The condensed combined statement of comprehensive loss above includes those subsidiaries of NII Holdings, Inc. that had filed voluntary petitions seeking protection under Chapter 11 of the U.S. Bankruptcy Code as of December 31, 2014. These debtor subsidiaries consisted of: Nextel International Services, Ltd.; NII Capital Corp.; NII Aviation, Inc.; NII Funding Corp.; NII Global Holdings, Inc.; NII International Telecom S.C.A.; NII International Holdings S.à r.l.; NII International Services S.à r.l.; Airfone Holdings, LLC; Nextel International (Uruguay), LLC; McCaw International (Brazil), LLC; and NII Mercosur, LLC.
NII HOLDINGS, INC. AND CERTAIN SUBSIDIARIES (DEBTORS-IN-POSSESSION) (1)
CONDENSED COMBINED STATEMENT OF CASH FLOWS
(in thousands)

 
Year Ended December 31,
 
2014
 
 
Cash flows from operating activities:
 

Net loss
$
(1,957,698
)
Adjustments to reconcile net loss to net cash used in operating activities
1,606,769

Net cash used in operating activities
(350,929
)
Cash flows from investing activities:
 

Capital expenditures
(7,012
)
Proceeds from sales of fixed assets
32,390

Proceeds from sales of investments
198,007

Intercompany long-term loans
(542,000
)
Investments in and advances to non-debtor subsidiaries
(124,532
)
Changes in restricted cash
25,300

Net cash used in investing activities
(417,847
)
Cash flows from financing activities:
 

Repayments under capital lease and other
(42,414
)
Other, net
(396
)
Net cash used in financing activities
(42,810
)
Net decrease in cash and cash equivalents
(811,586
)
Cash and cash equivalents, beginning of year
1,133,276

Cash and cash equivalents, end of year
$
321,690


_______________________________________
(1)
The condensed combined statement of cash flows above includes those subsidiaries of NII Holdings, Inc. that had filed voluntary petitions seeking protection under Chapter 11 of the U.S. Bankruptcy Code as of December 31, 2014. These debtor subsidiaries consisted of: Nextel International Services, Ltd.; NII Capital Corp.; NII Aviation, Inc.; NII Funding Corp.; NII Global Holdings, Inc.; NII International Telecom S.C.A.; NII International Holdings S.à r.l.; NII International Services S.à r.l.; Airfone Holdings, LLC; Nextel International (Uruguay), LLC; McCaw International (Brazil), LLC; and NII Mercosur, LLC.
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet09.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Impairments and Restructuring Charges
 12 Months Ended
Dec. 31, 2014
Asset Impairment, Restructuring And Related Activities [Abstract]
Impairment and Restructuring Charges
Impairment and Restructuring Charges

Asset Impairments.
In accordance with the FASB's authoritative guidance on the impairment and disposal of long-lived assets, we review our long-lived assets for impairment whenever events and circumstances indicate that the carrying amount of the asset or asset group may not be recoverable. The recoverability of an asset or asset group held and used is measured by a comparison of the carrying amount of the asset or asset group to the estimated and undiscounted future cash flows expected to be generated by the asset or asset group.
Although we plan to continue to support our operations in Argentina, we are also exploring various strategic options for this market, such as partnerships, service arrangements and asset sales, to maximize the value of Nextel Argentina and generate additional liquidity. As a result of the review of our long-lived assets and our exploration of strategic options for Nextel Argentina in 2014, we determined that the carrying value of Nextel Argentina's asset group, which includes all of the operating assets and liabilities held by our Argentine segment, was not recoverable. Accordingly, we recorded a non-cash asset impairment charge of $84.7 million to reduce the carrying amount of the asset group to its estimated fair value. We estimated the fair value of Nextel Argentina's asset group using assumed proceeds from a potential disposition, which is a Level 3 input within the fair value hierarchy under the FASB's authoritative guidance on fair value measurements. During 2014, we also tested the long-lived assets in our Nextel Brazil and Nextel Mexico segments for recoverability and, based on our estimates of undiscounted cash flows, determined the carrying values to be recoverable. Our estimates of undiscounted cash flows for each asset group exceeded the carrying value of the respective asset groups.
In 2014, we evaluated strategic options for the next generation of our push-to-talk services and determined that, for one of these options, further development was no longer probable. As a result, we recognized a $47.9 million asset impairment charge, $5.1 million of which was recognized by Nextel Mexico and the remainder of which was recognized at the corporate level.
We recognized a $6.4 million asset impairment charge at the corporate level related to the sale of our corporate aircraft in 2014.
During 2014, we also recognized $25.5 million in asset impairment charges, the majority of which related to the shutdown or abandonment of approximately 300 transmitter and receiver sites in Brazil and Mexico and about 50 retail store closures in Brazil related to the realignment of our distribution channels.
In 2013, we discontinued the use of software previously developed to support our customer relationship management systems. As a result of this evaluation, in the first quarter of 2013, we recognized an asset impairment charge of $85.3 million related to the discontinuation of this software, of which $76.3 million was recognized at the corporate level and $9.0 million was recognized by Nextel Mexico.

We recognized a $5.9 million asset impairment at the corporate level in 2013 related to the discontinuation of the development of certain network features.

During 2012, we recognized $22.8 million in asset impairment charges, the majority of which related to the write-off of certain information technology projects at the corporate level.

Restructuring Charges.

During 2014, we recognized $48.4 million in severance and related costs as a result of the termination of employees at the corporate level and in our markets. These actions included the separation of:
•
approximately 85 employees at the corporate level, all of whom were severed in the second quarter of 2014;
•
approximately 800 employees in Brazil, all of whom were severed in the third quarter of 2014;
•
approximately 1,170 employees in Mexico, 800 of whom were severed in the second quarter of 2014 and the remainder of whom were severed in the third quarter of 2014; and
•
about 20 employees in Argentina, all of whom were severed in the second half of 2014.
We terminated these employees in an effort to streamline our organizational structure and reduce general and administrative expenses.
In 2009, we outsourced our network operations to a third party. During 2013, we restructured and amended this agreement, reduced the scope of the services provided, added terms to facilitate the transition of those services to us and established the terms on which further transitions of services and the termination of the arrangements could be implemented in each of our markets. Under the outsourcing agreements in effect prior to this restructuring, we classified a portion of the base contractual fees as a prepayment and were recognizing this prepayment over the life of the previous agreement. As a result of this restructuring, we recognized a non-cash charge of $38.2 million relating to the write-off of the remainder of the prepayment during 2013. In 2014, we settled certain refund claims related to this outsourcing agreement, which resulted in a restructuring benefit of $3.2 million.
During 2014, we recognized a $4.5 million charge related to the cessation of our utilization of certain network services in Brazil.
In 2013, we recognized $30.1 million in restructuring charges, the majority of which was related to the separation of approximately 800 employees at the corporate level and in Mexico, in connection with an organizational realignment plan that we designed to simplify the roles and responsibilities of both our headquarters and market organizations and to reduce general and administrative expenses.

During 2013, we recognized $6.8 million in contract termination costs incurred in connection with the sublease of certain excess space located in one of our corporate office buildings.

During 2012, we recognized $7.6 million in restructuring charges at the corporate level, primarily related to the separation of approximately 50 employees in conjunction with certain actions taken to realign resources and roles between our corporate headquarters and operating segments.

Total impairment and restructuring charges for the years ended December 31, 2014, 2013 and 2012 were as follows (in thousands):
 
December 31,
 
2014
 
2013
 
2012
Brazil
$
41,492

 
$
24,515

 
$
2,437

Mexico
26,256

 
39,057

 
439

Argentina
89,601

 
7,908

 
73

Corporate
63,393

 
97,063

 
27,452

  Total impairment and restructuring charges
$
220,742

 
$
168,543

 
$
30,401


As of December 31, 2014, the total of our accrued restructuring charges that we expect to pay in 2015 were as follows (in thousands):
Balance, January 1, 2014
$
15,410

  Restructuring charges
56,260

  Cash payments
(63,420
)
Balance, December 31, 2014
$
8,250
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet10.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Discontinued Operations (Notes)
 12 Months Ended
Dec. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations
Sale of Nextel Peru. In August 2013, we, together with our wholly-owned subsidiaries NII Mercosur Telecom, S.L. and NII Mercosur Moviles, S.L., completed the sale of all of the outstanding equity interests of our wholly-owned subsidiary, Nextel del Peru, S.A., or Nextel Peru, to Empresa Nacional de Telecomunicaciones S.A. and one of its subsidiaries, Entel Inversiones, S.A., which we refer to collectively as Entel, for $405.5 million in cash, which includes $50.0 million that was deposited in escrow on our behalf to satisfy potential indemnification claims. In 2013, we recognized a $2.8 million loss on the disposal of Nextel Peru in connection with this sale. In April 2014, we released $7.5 million of the amounts held in escrow to Entel as a result of the settlement of certain indemnification claims, and in February 2015, we released an additional $2.0 million as a result of the settlement of certain tax indemnification claims. The remaining funds held in escrow continue to be available to satisfy potential future indemnification claims.

In connection with the sale of Nextel Chile and Nextel Peru, we have reported the results of these operating companies as discontinued operations in our consolidated financial statements. Accordingly, we reclassified Nextel Chile's and Nextel Peru's results of operations for all periods presented to reflect Nextel Chile and Nextel Peru as discontinued operations. Unless otherwise noted, amounts included in these notes to our consolidated financial statements exclude amounts attributable to discontinued operations. The major components of loss from discontinued operations related to Nextel Chile and Nextel Peru were as follows (in thousands):
 
Year Ended December 31,
 
2014
 
2013
 
2012
Operating revenues
$
38,596

 
$
265,979

 
$
393,227

Operating expenses
(228,578
)
 
(443,166
)
 
(1,010,229
)
Other expense, net
(19,989
)
 
(34,576
)
 
(2,443
)
Loss before income tax provision
(209,971
)
 
(211,763
)
 
(619,445
)
Income tax provision
—

 
(900
)
 
(63,965
)
 
(209,971
)
 
(212,663
)
 
(683,410
)
Gain (loss) on disposal of Nextel Chile and Nextel Peru
29,585

 
(2,848
)
 
—

Loss from discontinued operations, net of income taxes
$
(180,386
)
 
$
(215,511
)
 
$
(683,410
)


The components of assets and liabilities related to discontinued operations as of December 31, 2013, all of which related to Nextel Chile, consisted of the following (in thousands):

 
December 31, 2013
ASSETS
Cash and cash equivalents
$
3,448

Accounts receivable, net of allowance for doubtful accounts of $6,762
11,157

Handset and accessory inventory
5,965

Prepaid expenses and other
38,526

Property, plant and equipment, net
50,515

Intangible assets, net
13,300

Other assets
46,020

    Total assets
$
168,931

LIABILITIES
Accounts payable
$
22,928

Accrued expenses and other
13,841

Other long-term liabilities
5,326

    Total liabilities
$
42,095
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet11.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Property, Plant and Equipment
 12 Months Ended
Dec. 31, 2014
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment
Property, Plant and Equipment
The components of our property, plant and equipment are as follows:
 
December 31,
 
2014
 
2013
 
(in thousands)
Land
$
6,777

 
$
7,663

Building and leasehold improvements
137,235

 
190,258

Network equipment, communication towers and network software
4,074,786

 
4,735,361

Software, office equipment, furniture and fixtures and other
678,300

 
753,665

Corporate aircraft
—

 
42,747

Less: Accumulated depreciation and amortization
(2,669,566
)
 
(2,907,939
)
 
2,227,532

 
2,821,755

Construction in progress
205,401

 
515,790

 
$
2,432,933

 
$
3,337,545
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet12.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Intangible Assets
 12 Months Ended
Dec. 31, 2014
Finite-Lived Intangible Assets, Net [Abstract]
Intangible Assets
Intangible Assets
Our intangible assets include the following:
 
December 31, 2014
 
December 31, 2013
 
Gross Carrying
Value
 
Accumulated
Amortization
 
Net Carrying
Value
 
Gross Carrying
Value
 
Accumulated
Amortization
 
Net Carrying
Value
 
 
 
 
 
(in thousands)
 
 
 
 
 
 
Amortizable intangible assets:
 

 
 

 
 

 
 

 
 

 
 

Licenses
$
1,091,405

 
$
(287,281
)
 
$
804,124

 
$
1,205,450

 
$
(243,081
)
 
$
962,369

Total amortizable intangible assets
$
1,091,405

 
$
(287,281
)
 
$
804,124

 
$
1,205,450

 
$
(243,081
)
 
$
962,369


Based on the carrying amount of intangible assets as of December 31, 2014 and current exchange rates, we estimate amortization expense for each of the next five years to be as follows (in thousands):
Years
Estimated Amortization Expense
2015
$
75,922

2016
75,922

2017
75,922

2018
75,922

2019
75,922


Actual amortization expense to be reported in future periods could differ from these estimates as a result of additional acquisitions of intangibles, as well as changes in exchange rates and other relevant factors. As of both December 31, 2014 and December 31, 2013, the balance of our indefinite lived intangible assets was $18.0 million. In addition, the weighted average useful life of the intangible assets we acquired during the year ended December 31, 2014 was 15 years.
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet13.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Balance Sheet Details
 12 Months Ended
Dec. 31, 2014
Balance Sheet Related Disclosures [Abstract]
Balance Sheet Details
Supplemental Balance Sheet and Cash Flow Information
Prepaid Expenses and Other.

The components are as follows:
 
December 31,
 
2014
 
2013
 
(in thousands)
Value-added taxes
$
137,699

 
$
207,951

Income taxes
19,632

 
59,054

Other prepaid assets
97,573

 
90,108

Other current assets
74,293

 
40,461

 
$
329,197

 
$
397,574


Restricted Cash.  
As of December 31, 2014, we had $107.8 million in restricted cash, the majority of which was included in other long-term assets and was comprised of cash held in escrow in connection with the sale of Nextel Peru, judicial deposits in Nextel Brazil and a debt service reserve account related to Nextel Mexico's equipment financing facility.
As of December 31, 2013, we had $120.5 million in restricted cash, the majority of which was included in other long-term assets and was comprised of cash held in escrow in connection with the sale of Nextel Peru, a debt service reserve account related to Nextel Mexico's equipment financing facility, judicial deposits in Nextel Brazil, purchase commitments for handsets and cash collateral supporting the lease of our corporate headquarters.
Accrued Expenses and Other.
The components are as follows:
 
December 31,
 
2014
 
2013
 
(in thousands)
Capital expenditures
$
106,295

 
$
290,036

Non-income based taxes
87,127

 
114,360

Payroll related items and commissions
66,598

 
89,435

Network system and information technology
62,229

 
92,109

Accrued interest
10,574

 
128,509

Other
230,165

 
244,610

 
$
562,988

 
$
959,059


Accumulated Other Comprehensive Loss.  As of December 31, 2014 and 2013, the tax impact on our accumulated other comprehensive loss was not material. The components of our accumulated other comprehensive loss, net of taxes, are as follows:
 
December 31, 2014
 
December 31, 2013
 
(in thousands)
Cumulative foreign currency translation adjustment
$
(1,326,003
)
 
$
(951,271
)
Other
(5,350
)
 
(4,806
)
 
$
(1,331,353
)
 
$
(956,077
)

As of December 31, 2014, our consolidated cumulative foreign currency translation adjustment included $672.4 million in Brazil, $400.3 million in Mexico and $262.8 million in Argentina. During the third quarter of 2014, we reclassified $33.9 million of accumulated other comprehensive income to loss from discontinued operations in connection with the sale of Nextel Chile. See Note 5 for more information.
Supplemental Cash Flow Information.
 
Year Ended December 31,
 
2014
 
2013
 
2012
 
(in thousands)
Capital expenditures
 

 
 

 
 

Cash paid for capital expenditures, including capitalized interest
$
612,161

 
$
620,895

 
$
953,882

Change in capital expenditures accrued and unpaid or financed, including
  accreted interest capitalized
(183,741
)
 
251,199

 
351,814

 
$
428,420

 
$
872,094

 
$
1,305,696

Interest costs
 

 
 

 
 

Interest expense, net
$
449,345

 
$
526,530

 
$
359,795

Interest capitalized
32,541

 
78,254

 
127,189

 
$
481,886

 
$
604,784

 
$
486,984

Acquisitions of assets and business combinations
 

 
 

 
 

Fair value of licenses and other assets acquired
$
31,861

 
$
53,066

 
$
100,185

Less: liabilities assumed and deferred tax liabilities incurred
—

 
—

 
—

Less: cash acquired
—

 
—

 
—

 
$
31,861

 
$
53,066

 
$
100,185

Cash paid for interest, net of amounts capitalized
$
310,230

 
$
389,064

 
$
290,131

Cash paid for income taxes
$
24,544

 
$
39,292

 
$
269,597

For the year ended December 31, 2014, we had $319.6 million in non-cash financing, primarily related to capital lease obligations recognized in Brazil and Mexico in connection with the leaseback of communication towers and borrowings under our equipment financing facility in Mexico. For the year ended December 31, 2013 and 2012, we had $213.5 million and $194.5 million, respectively, in non-cash financing, primarily related to borrowings under our equipment financing facilities in Mexico, the short-term financing of imported handsets and infrastructure in Brazil and co-location capital lease obligations on our communication towers in Brazil and Mexico.
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet14.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Debt
 12 Months Ended
Dec. 31, 2014
Debt [Abstract]
Debt
Debt
Chapter 11 Filing. On September 15, 2014, NII Holdings, Inc. and eight of its U.S. and Luxembourg-domiciled subsidiaries, including NII Capital Corp. and NIIT, filed voluntary petitions seeking relief under Chapter 11 in the Bankruptcy Court. Since September 15, 2014, five additional subsidiaries of NII Holdings, Inc. have filed voluntary petitions seeking relief under Chapter 11 in the Bankruptcy Court, with four subsidiaries filing on October 8, 2014 and one subsidiary filing on January 25, 2015. These Chapter 11 filings constituted an event of default under the NII Capital Corp. and NIIT senior notes; however, the holders of these senior notes are currently precluded from taking any action with respect to such events of default under the Bankruptcy Code. As a result of the commencement of the Chapter 11 cases, the obligations evidenced by the NII Capital Corp. and NIIT senior notes are included in liabilities subject to compromise on our consolidated balance sheet as of December 31, 2014. See Note 2 for more information. The financings included in the table below are considered not subject to compromise.
 
December 31,
 
2014
 
2013
 
(in thousands)
NII Capital Corp. senior notes, net
$
—

 
$
2,729,321

NII International Telecom, S.C.A. senior notes, net
—

 
1,609,962

Bank loans
343,915

 
444,268

Brazil equipment financing
366,937

 
352,725

Mexico equipment financing
322,993

 
300,832

Mexico capital lease and tower financing obligations
264,130

 
194,227

Brazil capital lease and tower financing obligations
213,163

 
122,499

Corporate aircraft capital lease
—

 
35,736

Other
1,254

 
3,901

Total debt
1,512,392

 
5,793,471

Less: current portion
(777,569
)
 
(96,839
)
 
$
734,823

 
$
5,696,632


Bank Loans.
In December 2011, Nextel Brazil borrowed funds from two Brazilian banks and utilized the proceeds of those borrowings to repay the remaining unpaid purchase price relating to the spectrum it acquired in June 2011. Both of the loans from the Brazilian banks were denominated in Brazilian reais. In the first of the two local bank financings, we borrowed the equivalent of $351.8 million that was required to be repaid semi-annually over a five-year period with principal payable beginning in May 2014. In the second quarter of 2013, we repaid all amounts outstanding under this local bank financing utilizing a portion of the proceeds from the issuance of our 7.875% senior notes. In the second transaction, we borrowed the equivalent of $341.2 million that is required to be repaid quarterly over a seven-year period beginning March 2014. The loan accrues interest at a floating interest rate of 115% of the Brazilian local borrowing rate (13.40% and 11.39% as of December 31, 2014 and 2013, respectively). Because this loan is denominated in Brazilian reais, the payments for principal and interest will fluctuate in U.S. dollars based on changes in the exchange rate of the Brazilian real relative to the U.S. dollar.
In October 2012, Nextel Brazil entered into a Brazilian real-denominated bank loan agreement, under which Nextel Brazil borrowed the equivalent of approximately $196.9 million. This loan agreement has a floating interest rate equal to 113.9% of the local Brazilian borrowing rate (13.27% and 11.28% as of December 31, 2014 and 2013, respectively). Borrowings under this loan agreement have a three-year borrowing period, a two-year repayment term beginning in 2015 and a final maturity of October 2017.
As of December 31, 2014, we were not in compliance with the net debt financial covenants included in each of Nextel Brazil's outstanding local bank loans. Because of our noncompliance at the December 31 measurement date, we classified the principal amounts outstanding under these local bank loans as current liabilities in our consolidated balance sheet as of December 31, 2014. In February 2015, Nextel Brazil and the lenders providing the local bank loans entered into standstill agreements under which the lenders agreed that they would not seek remedies under the provisions of the agreements related to Nextel Brazil's failure to satisfy the financial covenants in the loan agreements in the period before September 15, 2015 and that further principal repayment obligations due between the signing date and September 15, 2015 would be suspended. In addition, the standstill agreements formally commit the lenders to sign amendments, which we refer to as the second amendments, once certain conditions are met that implement permanent amendments to the terms of the local bank loans, including with respect to the financial covenants and principal repayment schedule for these loans. Among others, these conditions include:
•
our emergence from the Chapter 11 proceedings on or prior to September 15, 2015;
•
the absence of an insolvency event involving Nextel Brazil;
•
the absence of events of default other than those waived or suspended in the standstill agreements; and
•
the execution of subordination agreements subordinating any amounts due under intercompany loans between NIIT and Nextel Brazil.
In the event of a breach of one or more of the conditions listed above, the lenders providing the local bank loans have the right to terminate the standstill agreement and exercise all remedies under the agreements in place, including but not limited to declaring an event of default for noncompliance with the financial covenants and/or nonpayment of amounts due under the repayment schedule. Following the declaration of an event of default, the lenders will have the right to accelerate the loans and proceed with claims against the collateral.
Concurrent with the execution of the standstill agreements, Nextel Brazil and the lenders entered into amendments to the agreements relating to the local bank loans, which we refer to as the first amendments, under which Nextel Brazil granted the lenders a security interest over amounts held at any given time in certain collection accounts maintained with each lender. These first amendments also adjust the interest rates on the loans.
Equipment Financing Facilities.
In April 2012, Nextel Brazil entered into a U.S. dollar-denominated loan agreement with the China Development Bank, under which Nextel Brazil is able to borrow up to $500.0 million to finance infrastructure equipment and certain other costs related to the deployment of its WCDMA network. This financing has a floating interest rate based on LIBOR plus 2.90% (3.16% and 3.15% as of December 31, 2014 and 2013, respectively) and may limit our ability to pay dividends and other upstream payments. Loans under this agreement have a three-year borrowing period, a seven-year repayment term beginning in 2015 and a final maturity of June 2022. Assets purchased using the amounts borrowed under Nextel Brazil's equipment financing facility are pledged as collateral.
In July 2011, Nextel Mexico entered into a U.S. dollar-denominated loan agreement with the China Development Bank, under which Nextel Mexico is entitled to borrow up to $375.0 million to finance infrastructure equipment and certain other costs related to the deployment of its WCDMA network in Mexico. This vendor financing has a floating interest rate based on LIBOR plus 2.80% (3.06% and 3.05% as of December 31, 2014 and 2013, respectively) and may limit our ability to pay dividends and other upstream payments. Loans under this agreement have a final maturity of ten years, with a three-year borrowing period and a seven-year repayment term commencing in 2014. Assets purchased using the amounts borrowed under Nextel Mexico's equipment financing facility are pledged as collateral.
As of the June 30, 2014 measurement date, we were not in compliance with certain financial covenants in our equipment financing facilities in Brazil and Mexico. In December 2014, Nextel Brazil and Nextel Mexico and the lender under the equipment financing facilities agreed to amendments to those facilities that removed all financial covenants beginning with the December 31, 2014 measurement date and continuing through the June 30, 2017 measurement date. In exchange for covenant relief, Nextel Brazil granted the lender of its equipment financing facility preferential rights to the amounts held in certain bank accounts, and Nextel Mexico's parent company, Nextel International Uruguay, LLC, granted the lender of its equipment financing facility a pledge on the shares it holds in Nextel Mexico. In addition, Nextel Brazil and Nextel Mexico have the option to defer principal amortization payments in exchange for an upfront payment of 17% of the amounts outstanding under the equipment financing facilities on August 31, 2014. As a result of the amendment of our equipment financing facility in Mexico, we classified the principal amount outstanding under this facility as long-term debt in our consolidated balance sheet as of December 31, 2014. Because of certain cross-default provisions included in our equipment financing facility in Brazil, we classified the principal amount outstanding under this facility as a current liability in our consolidated balance sheet as of December 31, 2014. We do not have the ability to borrow additional amounts under these equipment financing facilities.
Capital Leases and Tower Financing Obligations.
2013 Tower Transactions. In November 2013, Nextel Mexico sold 1,483 communication towers to American Tower for proceeds based on foreign currency exchange rates at the time of $374.3 million, subject to purchase price adjustments. During the adjustment period, Nextel Mexico accounted for this transaction under the deposit method and recorded the proceeds as a deposit liability. During the third quarter of 2014, the price adjustments were finalized, and we began accounting for the transaction as a sale-leaseback. As result, we recognized $75.4 million of the gain on the sale of the towers as a component of operating income in the third quarter of 2014 and deferred the remaining $179.6 million of the gain, which we will recognize into income over the term of the leaseback of the towers. Nextel Mexico also recognized a capital lease liability of $112.4 million related to the leaseback of a portion of each of these towers.
In December 2013, Nextel Brazil sold 1,940 communication towers to American Tower for proceeds based on foreign currency exchange rates at the time of $348.0 million, subject to purchase price adjustments. Nextel Brazil also sold 103 towers for proceeds of $18.6 million in June 2014, subject to purchase price adjustments. In October 2014, upon the finalization of the price adjustments, Nextel Brazil completed the sale of all of these towers and began accounting for this transaction as a sale-leaseback. As a result, Nextel Brazil recognized an immaterial loss on the sale of the towers as a component of operating income in the fourth quarter of 2014 and deferred a gain of $155.5 million, which we will recognize into income over the term of the leaseback of the towers. Nextel Brazil also recognized a capital lease liability of $186.5 million related to the leaseback of a portion of each of these towers.
Site-Related Capital Lease Obligations. We have entered into various agreements under which we are entitled to lease space on towers or other structures owned by third parties and to install our transmitter and receiver equipment in that space.
Tower Financing Obligations.  From 2002 to 2008, we sold and subsequently leased back space on certain transmitter and receiver sites in Brazil and Mexico. Due to our continuing involvement with these properties, we account for these transactions as financing arrangements. As a result, we did not recognize any gains from the sales of these towers under these arrangements, and we maintain the tower assets on our consolidated balance sheets. In addition, we recognized the proceeds received as financing obligations. We recognize ground rent payments as operating expenses in cost of service and tower base rent payments as interest expense and a reduction in the financing obligation using the effective interest method. In addition, we recognize co-location rent payments made by the third party lessees to the owner of the site as other operating revenues because of our continuing involvement with the tower assets. During the years ended December 31, 2014, 2013 and 2012, we recognized $38.5 million, $39.4 million and $56.8 million , respectively, in other operating revenues related to these co-location lease arrangements.
Corporate Aircraft Lease. In 2009, we entered into an agreement to lease a corporate aircraft, which we accounted for as a capital lease. In June 2014, we entered into an agreement to sell this corporate aircraft for $32.5 million. In addition, in conjunction with the sale, we exercised our pre-existing option to purchase this aircraft from the lessor and immediately terminated the lease. In connection with the sale of the corporate aircraft and the termination of the associated lease, we recognized a $6.4 million asset impairment charge in the second quarter of 2014.
Debt Maturities.  
Because we were unable to meet the financial covenants in our bank loans in Brazil as of the compliance date on December 31, 2014 and because of the associated cross-default provisions included in Nextel Brazil's equipment financing facility, we classified the principal amounts outstanding under these facilities as due in 2015 for purposes of the table below. For the years subsequent to December 31, 2014, scheduled annual maturities of all debt outstanding, excluding the obligations evidenced by the NII Capital Corp. and NIIT senior notes, which are included in liabilities subject to compromise on our consolidated balance sheet as of December 31, 2014, are as follows (in thousands):
Year
Principal Repayments
2015
$
777,569

2016
71,376

2017
77,014

2018
67,416

2019
62,337

Thereafter
456,680

Total
$
1,512,392
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet15.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Fair Value Measurements
 12 Months Ended
Dec. 31, 2014
Fair Value Measurements
Fair Value Measurements
Fair Value Measurements
We estimate the fair value of our long-term debt instruments, our available-for-sale securities, our held-to-maturity investments and other financial instruments as described below.
The FASB’s authoritative guidance on fair value measurements defines fair value as an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that is determined based on assumptions that market participants would use in pricing an asset or liability. Valuation techniques discussed under the FASB’s authoritative guidance for fair value measurements include the market approach (comparable market prices), the income approach (present value of future income or cash flow based on current market expectations) and the cost approach (cost to replace the service capacity of an asset or replacement cost). As a basis for considering these assumptions, the guidance utilizes a three-tier fair value hierarchy, which prioritizes the inputs to the valuation techniques used to measure fair value. The following is a brief description of the three levels in the fair value hierarchy:
Level 1:  Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities.
Level 2:  Inputs other than quoted prices in active markets that are observable for the asset or liability, either directly or indirectly.
Level 3:  Unobservable inputs that reflect the reporting entity’s own assumptions.
To the extent that the valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement in its entirety.
For assets and liabilities measured at fair value on a non-recurring basis, fair value is determined by using various valuation approaches. The same hierarchy as described above, which maximizes the use of observable inputs and minimizes the use of unobservable inputs, by generally requiring that the observable inputs be used when available, is used in measuring fair value for these items. Fair value may be derived using pricing models. Pricing models take into account the contract terms (including maturity) as well as multiple inputs, including, where applicable, interest rate yield curves, credit curves, correlation, credit-worthiness of the counterparty, option volatility and currency rates. In accordance with the FASB’s authoritative guidance for fair value measurements, the impact of our own credit spreads is also considered when measuring the fair value of liabilities. Where appropriate, valuation adjustments are made to account for various factors such as credit quality and model uncertainty. These adjustments are subject to judgment, are applied on a consistent basis and are based upon observable inputs where available. We generally subject all valuations and models to a review process initially and on a periodic basis thereafter. As fair value is a market-based measure considered from the perspective of a market participant rather than an entity-specific measure, even when market assumptions are not readily available, our own assumptions are set to reflect those that we believe market participants would use when pricing the asset or liability at the measurement date.
Considerable judgment is required in interpreting market data to develop the estimates of fair value. Accordingly, the estimates presented below are not necessarily indicative of the amounts that we could realize in a current market exchange. The use of different market assumptions and valuation techniques may have a material effect on the estimated fair value amounts. The following is a description of the major categories of assets and liabilities measured at fair value on a recurring basis and the valuation techniques applied to them.
Available-for-Sale Securities.
As of December 31, 2014 and 2013, available-for-sale securities included $110.1 million and $418.6 million, respectively, in short-term investments made by Nextel Brazil in two investment funds and certificates of deposit with a Brazilian bank. These funds invest primarily in Brazilian government bonds, long-term, low-risk bank certificates of deposit and Brazilian corporate debentures. As of December 31, 2014, available-for-sale securities also included $43.5 million in short-term investments made by Nextel Argentina in local money market funds. All of these securities are either government or corporate rated bonds with underlying performance linked to the U.S. dollar. During the years ended December 31, 2014, 2013 and 2012, we did not have any material unrealized gains or losses associated with these investments.
As a result of favorable market conditions during 2013, we sold $150.0 million certificates of deposit for an immaterial gain. Prior to the third quarter of 2013, we classified these investments as held-to-maturity and recorded them at amortized cost. As a result of this sale, we transferred the remaining $167.2 million in short-term investments and $31.4 million in long-term investments held at one of our Spanish subsidiaries from held-to-maturity to available-for-sale and recognized an immaterial unrealized gain, which we recorded as other comprehensive income in 2013.
We account for our available-for-sale securities at fair value in accordance with the FASB’s authoritative guidance surrounding the accounting for investments in debt and equity securities. The fair value of the Brazilian and Argentine securities is based on the net asset value of the funds. In our judgment, these types of securities trade with sufficient daily observable market activity to support a Level 1 classification within the fair value hierarchy.
Debt Instruments.
The carrying amounts and estimated fair values of our debt instruments are as follows:
 
December 31,
 
2014
 
2013
 
Carrying
Amount
 
Estimated
Fair Value
 
Carrying
Amount
 
Estimated
Fair Value
 
(in thousands)
NII Capital Corp. senior notes, net (1)
$
2,750,000

 
$
648,500

 
$
2,729,321

 
$
1,227,950

NII International Telecom, S.C.A. senior notes, net (1)
1,600,000

 
1,166,500

 
1,609,962

 
1,271,370

Equipment financing
689,930

 
620,125

 
653,557

 
620,173

Bank loans and other
345,169

 
275,653

 
448,169

 
373,796

 
$
5,385,099

 
$
2,710,778

 
$
5,441,009

 
$
3,493,289


__________________________
(1) As of December 31, 2014, both our senior notes held by NII Capital Corp. and our senior notes held by NII International Telecom S.C.A. are classified as liabilities subject to compromise in our consolidated balance sheet.
We estimated the fair values of our senior notes using quoted market prices. Because our fair value measurement is based on market prices in an active market, we consider this Level 1 in the fair value hierarchy.
Bank loans and other consists primarily of loans with certain banks in Brazil and Mexico. We estimated the fair value of these bank loans, as well as the fair value of our equipment financing facilities, utilizing inputs such as U.S. Treasury security yield curves, prices of comparable bonds, LIBOR and zero-coupon yield curves, U.S. Treasury bond rates and credit spreads on comparable publicly traded bonds and consider these measurements to be Level 2 in the fair value hierarchy.
Other Financial Instruments.
The carrying values of cash and cash equivalents, accounts receivable and accounts payable contained in our consolidated balance sheets approximate their fair values due to the short-term nature of these instruments. The fair values of our derivative instruments are not material.
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet16.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Commitments and Contingencies
 12 Months Ended
Dec. 31, 2014
Commitments and Contingencies [Abstract]
Commitments and Contingencies
Commitments and Contingencies
Capital and Operating Lease Commitments.
We have co-location capital lease obligations on some of our transmitter and receiver sites in Mexico and Brazil. See Note 9 for further information regarding these agreements.
We lease various cell sites, office facilities and other assets under operating leases. Some of these leases provide for annual increases in our rent payments based on changes in locally-based consumer price indices. The remaining terms of our cell site leases range from one to fifteen years and are generally renewable for additional terms. The remaining terms of our office leases range from less than one to ten years. During the years ended December 31, 2014, 2013 and 2012, total rent expense under operating leases was $302.4 million, $300.9 million and $270.6 million, respectively.
For years subsequent to December 31, 2014, future minimum payments for all capital and operating lease obligations that have initial noncancelable lease terms exceeding one year, net of rental income, are as follows (in thousands):
 
Capital
Leases
 
Operating
Leases
 
Total
2015
$
166,655

 
$
219,767

 
$
386,422

2016
168,602

 
225,041

 
393,643

2017
170,590

 
189,730

 
360,320

2018
139,081

 
163,151

 
302,232

2019
119,774

 
141,833

 
261,607

Thereafter
1,581,487

 
1,025,445

 
2,606,932

Total minimum lease payments
2,346,189

 
1,964,967

 
4,311,156

Less: imputed interest
(1,868,897
)
 
—

 
(1,868,897
)
Total
$
477,292

 
$
1,964,967

 
$
2,442,259


Handset, Equipment and Other Commitments.
We are a party to purchase agreements with various suppliers, under which we have committed to purchase handsets, equipment and network services that will be used or sold in the ordinary course of business. As of December 31, 2014, we are committed to purchase $2.5 billion under these arrangements, $1.6 billion of which we expect to pay in 2015, $622.0 million of which we expect to pay in 2016 and 2017, and the remaining $268.5 million of which we expect to pay in 2018. These amounts do not represent our entire anticipated purchases in the future, but represent only those items that are the subject of contractual obligations. Our commitments are generally determined based on noncancelable quantities or termination amounts. As of December 31, 2014, we were required to pay a total of $1.8 billion in spectrum fees in Mexico, $130.1 million of which we expect to pay in 2015, $257.3 million of which we expect to pay in 2016 and 2017, $257.3 million of which we expect to pay in 2018 and 2019 and the remaining $1.2 billion of which we expect to pay in years subsequent to 2019. These fees are subject to increases in the Mexican Consumer Pricing Index. We also purchase products and services as needed with no firm commitment. Amounts actually paid under some of these agreements will likely be higher due to variable components of these agreements. The more significant variable components that determine the ultimate obligation owed include such items as hours contracted, subscribers and other factors. In addition, we are a party to various arrangements that are conditional in nature and obligate us to make payments only upon the occurrence of certain events, such as the delivery of functioning software or a product.
Brazilian Contingencies.
Nextel Brazil has received various assessment notices from state and federal Brazilian authorities asserting deficiencies in payments related primarily to value-added taxes, excise taxes on imported equipment and other non-income based taxes. Nextel Brazil has filed various administrative and legal petitions disputing these assessments. In some cases, Nextel Brazil has received favorable decisions, which are currently being appealed by the respective governmental authority. In other cases, Nextel Brazil's petitions have been denied, and Nextel Brazil is currently appealing those decisions. Nextel Brazil also had contingencies related to certain regulatory, civil and labor-related matters as of December 31, 2014 and 2013.
As of December 31, 2014 and 2013, Nextel Brazil had accrued liabilities of $69.7 million and $70.9 million, respectively, related to contingencies, all of which were classified in accrued contingencies reported as a component of other long-term liabilities, of which $8.0 million and $11.2 million related to unasserted claims, respectively. We currently estimate the reasonably possible losses related to matters for which Nextel Brazil has not accrued liabilities, as they are not deemed probable, to be approximately $430.0 million as of December 31, 2014. We are continuing to evaluate the likelihood of probable and reasonably possible losses, if any, related to all known contingencies. As a result, future increases or decreases to our accrued liabilities may be necessary and will be recorded in the period when such amounts are determined to be probable and reasonably estimable.
Legal Proceedings.
Securities Litigation. On March 4, 2014, a purported class action lawsuit was filed against the Company, NII Capital Corp. and certain of the Company’s current and former directors and executive officers in the United States District Court for the Eastern District of Virginia on behalf of a putative class of persons who purchased or otherwise acquired the securities of the Company or NII Capital Corp. between February 25, 2010 and February 27, 2014. The lawsuit is captioned In re NII Holdings, Inc. Securities Litigation, Case Number 14-CV-227. On July 18, 2014, the parties that have been designated as the lead plaintiffs in the lawsuit filed a second amended complaint against only NII Holdings and three current and former officers, which generally alleges that the defendants made false or misleading statements or concealed material adverse information about the Company’s financial condition and operations in violation of Section 10(b), Rule 10b-5 and Section 20(a) of the Securities Exchange Act of 1934. The complaint seeks class certification and unspecified damages, fees and injunctive relief. On September 22, 2014, the judge issued an order staying all proceedings against the Company following the Company's filing of its petition for relief under Chapter 11. On October 6, 2014, the Company's and the individual defendants' motion to dismiss was denied, and the case is currently continuing as to the remaining individual defendants. On November 3, 2014, at the request of the parties, the court ordered that the case against the three individual defendants be stayed indefinitely, and on January 7, 2015, the court extended the stay until the earlier of May 22, 2015 or the effective date of a plan of reorganization. The Company and the named individuals will continue to vigorously defend themselves in this matter.
Chapter 11 Proceedings. On September 15, 2014, NII Holdings, Inc. and eight of its U.S. and Luxembourg-domiciled subsidiaries filed voluntary petitions seeking relief under Chapter 11 in the Bankruptcy Court (Case No. 14-12611). On October 8, 2014, four additional subsidiaries of NII Holdings filed voluntary petitions seeking relief under Chapter 11, and a fifth additional subsidiary filed a voluntary petition seeking relief under Chapter 11 on January 25, 2015. The entities that have filed petitions seeking relief under Chapter 11, which we refer to collectively as the debtors, include Nextel International (Services), Ltd.; NII Capital Corp.; NII Aviation, Inc.; NII Funding Corp.; NII Global Holdings, Inc.; NII International Telecom S.C.A.; NII International Holdings S.à r.l.; NII International Services S.à r.l.; Airfone Holdings, LLC; Nextel International (Uruguay), LLC; McCaw International (Brazil), LLC; NII Mercosur, LLC; and NIU Holdings LLC. The debtors continue to operate as "debtors-in-possession" under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court. The Company’s other subsidiaries, including its operating subsidiaries in Brazil, Mexico and Argentina, are not debtors in the Chapter 11 case. As a result of the bankruptcy proceedings, the pending litigation against the debtors is stayed. Subject to certain exceptions and approval by the Bankruptcy Court, during the Chapter 11 proceedings, no party can take further actions to recover pre-petition claims against the Company.
In addition, we are subject to other claims and legal actions that may arise in the ordinary course of business. We do not believe that any of these pending claims or legal actions will have a material effect on our business, financial condition, results of operations or cash flows.
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet17.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Capital Stock
 12 Months Ended
Dec. 31, 2014
Capital Stock [Abstract]
Capital Stock
Capital Stock
We currently have 600,000,000 shares of authorized common stock, par value $0.001 per share, and 10,000,000 shares of authorized undesignated preferred stock, par value $0.001 per share.
During the years ended December 31, 2014, 2013 and 2012, we issued shares of common stock in connection with the exercise of stock options by employees and the vesting of employee restricted share awards.
Common Stock.  Holders of our common stock are entitled to one vote per share on all matters submitted for action by the stockholders and share equally, share for share, if dividends are declared on the common stock. If our Company is partially or completely liquidated, dissolved or wound up, whether voluntarily or involuntarily, the holders of the common stock are entitled to share ratably in the net assets remaining after payment of all liquidation preferences, if any, applicable to any outstanding preferred stock. There are no redemption or sinking fund provisions applicable to the common stock.
Undesignated Preferred Stock.  Our board of directors has the authority to issue undesignated preferred stock of one or more series and in connection with the creation of such series, to fix by resolution the designation, voting powers, preferences and relative, participating, optional and other special rights of such series, and the qualifications, limitations and restrictions thereof. As of December 31, 2014, we had not issued any shares of undesignated preferred stock.
Common Stock Reserved for Issuance.  Under our 2012 Incentive Compensation Plan, we had 23,824,039 shares of our common stock reserved for future issuance as of December 31, 2014, assuming our restricted stock units outstanding as of December 31, 2014 are settled in cash. As of December 31, 2014, common stock reserved for future issuance does not include 2,386,673 restricted stock units that were issued in 2014 that, if settled in shares of common stock, would reduce the shares available under our 2012 Incentive Compensation Plan by 3,580,009 shares. We had 22,089,643 shares of our common stock reserved for future issuance as of December 31, 2013, assuming our restricted stock units outstanding as of December 31, 2013 were settled in cash. As of December 31, 2013, common stock reserved for future issuance did not include 3,341,132 restricted stock units that were issued in 2013 that, if settled in shares of common stock, would have reduced the shares available under our 2012 Incentive Compensation Plan by 5,011,698 shares.
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet18.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Income Taxes
 12 Months Ended
Dec. 31, 2014
Income Taxes [Abstract]
Income Taxes
Income Taxes
The components of (loss) income from continuing operations before income taxes and the related income tax provision are as follows (in thousands):
 
Year Ended December 31,
 
2014
 
2013
 
2012
U.S. 
$
(368,667
)
 
$
(377,502
)
 
$
(311,575
)
Non-U.S. 
(1,334,554
)
 
(610,534
)
 
387,880

Total
$
(1,703,221
)
 
$
(988,036
)
 
$
76,305


 
Year Ended December 31,
 
2014
 
2013
 
2012
Current:
 

 
 

 
 

Federal
$
—

 
$
—

 
$
727

State, net of Federal tax benefit
—

 
—

 
—

Foreign
(25,638
)
 
(63,982
)
 
(176,748
)
Total current income tax provision
(25,638
)
 
(63,982
)
 
(176,021
)
Deferred:
 

 
 

 
 

Federal
(1,846
)
 
(1,310
)
 
895

State, net of Federal tax benefit
(205
)
 
(146
)
 
100

Foreign
(46,402
)
 
(380,614
)
 
16,882

Total deferred income tax (provision) benefit
(48,453
)
 
(382,070
)
 
17,877

Total income tax provision
$
(74,091
)
 
$
(446,052
)
 
$
(158,144
)

A reconciliation of the U.S. statutory Federal income tax rate to our effective tax rate as a percentage of (loss) income from continuing operations before reorganization items and income tax provision is as follows:
 
Year Ended
December 31,
 
2014
 
2013
 
2012
Statutory Federal tax rate
35%
 
35%
 
35%
Effect of foreign operations
(3)
 
(3)
 
7
Change in deferred tax asset valuation allowance
(36)
 
(81)
 
160
Intercompany transactions
(1)
 
(3)
 
9
Tax on subpart F income
—
 
—
 
11
Withholding tax
—
 
(2)
 
42
Deductible dividends
—
 
3
 
(42)
Inflation adjustments
1
 
1
 
(17)
Income tax credits
—
 
—
 
(3)
Local statutory investment loss
—
 
6
 
—
Other nondeductible expenses
(1)
 
—
 
6
Other
1
 
(1)
 
(1)
Effective tax rate
(4)%
 
(45)%
 
207%


The components of our deferred tax assets and liabilities consist of the following:
 
December 31,
 
2014
 
2013
 
(in thousands)
Deferred tax assets:
 

 
 

Net operating losses and capital loss carryforwards
$
4,354,474

 
$
3,922,944

Allowance for doubtful accounts
41,724

 
34,587

Accrued expenses
193,251

 
151,131

Accrual for contingent liabilities
21,944

 
22,117

Property, plant and equipment
153,036

 
36,784

Capital lease obligations
175,498

 
300,141

Deferred revenue
37,730

 
35,179

Equity compensation
69,172

 
71,171

Inventory reserve
25,642

 
22,548

Debt discount
16,511

 
—

Other
52,016

 
41,116

 
5,140,998

 
4,637,718

  Valuation allowance
(4,868,504
)
 
(4,335,913
)
  Total deferred tax asset
272,494

 
301,805

Deferred tax liabilities:
 

 
 

Intangible assets
42,036

 
48,162

Unremitted foreign earnings
54,386

 
54,386

Deferred revenue
39,492

 
44,126

Property, plant and equipment
33,915

 
96,613

Capital lease obligation
107,491

 
—

Other
2,773

 
15,123

Total deferred tax liability
280,093

 
258,410

Net deferred tax (liability) asset
$
(7,599
)
 
$
43,395



We have not recorded a deferred tax liability on Nextel Brazil’s unrealized foreign currency gain on the intercompany loan from NII Holdings as it is our intention to not subject that unrealized gain to Brazilian tax. If this gain is subject to tax, it could result in an additional income tax liability. As of December 31, 2014 and 2013, the cumulative amount of additional tax liability would have been approximately $35.8 million and $41.4 million, respectively.
As of December 31, 2014, we included $54.4 million in deferred tax liabilities for U.S. federal, state and foreign taxes with respect to future remittances of certain undistributed earnings (other than income that has been previously taxed in the U.S. under the subpart F rules) of certain of our foreign subsidiaries. Except for the earnings associated with this accrual and income that has been previously taxed in the U.S. under the subpart F rules and can be remitted to the U.S. without incurring additional income taxes, we currently have no intention to remit any additional undistributed earnings of our foreign subsidiaries in a taxable manner. Should additional amounts of our foreign subsidiaries’ undistributed earnings be remitted to the U.S. as taxable dividends, we may be subject to additional U.S. income taxes (net of allowable foreign tax credits) and foreign withholding taxes. It is not practicable to estimate the amount of any additional taxes that may be payable on the remaining undistributed earnings.
As of December 31, 2014, we had $1.3 billion of net operating loss carryforwards for U.S. Federal and state income tax purposes, which expire in various amounts beginning in 2019 through 2034. The timing and manner in which we will utilize the net operating loss carryforwards in any year, or in total, may be limited in the future under the provisions of Internal Revenue Code Section 382 relating to changes in our ownership. We excluded $210.3 million of U.S. net operating loss carryforwards from the calculation of the deferred tax asset presented above because it represents excess stock option deductions that did not reduce taxes payable in the U.S. The tax effect of these unrealized excess stock option deductions, if realized in the future, will result in an increase to paid-in capital.
As of December 31, 2014, we had $764.0 million of net operating loss carryforwards in our Mexican subsidiaries. These carryforwards expire in various amounts and at various periods from 2015 to 2024. Our Brazilian subsidiaries had $816.4 million of net operating loss carryforwards that can be carried forward indefinitely, but the amount that we can utilize annually is limited to 30% of Brazilian taxable income before the net operating loss deduction. Our foreign subsidiaries' ability to utilize the foreign tax net operating losses in any single year ultimately depends upon their ability to generate sufficient taxable income.
As of December 31, 2014, we had $10.8 billion of net operating loss carryforwards in our holding companies in Luxembourg that can be carried forward indefinitely. Our holding companies in Spain had $844.0 million of net operating loss carryforwards that can be carried forward 18 years, and our holding company in the Netherlands had $0.3 million of net operating loss carryforwards that can be carried forward nine years. Given the nature of activities that are considered taxable in these jurisdictions and the activities engaged in by the holding companies, these net operating loss carryforwards will never be utilized by our holding companies and add no value to the company.
The deferred tax asset valuation allowances that our subsidiaries and holding companies had as of December 31, 2014 and 2013 are as follows:
 
2014
 
2013
 
(in millions)
Argentina
$
49.1

 
$
—

Brazil
584.1

 
419.1

U.S. 
480.3

 
363.8

Luxembourg
3,169.2

 
3,131.4

Mexico
318.2

 
190.7

Spain
267.6

 
230.9

Total
$
4,868.5

 
$
4,335.9



Of the $4.9 billion valuation allowance as of December 31, 2014, $281.5 million was classified as current and $4.6 billion was classified as non-current in our consolidated financial statements.
The realization of deferred tax assets is dependent on the generation of future taxable income sufficient to realize our tax loss carryforwards and other tax deductions. Valuation allowances are required to be recognized on deferred tax assets unless it is determined that it is “more-likely-than-not” that the asset will be realized. As of December 31, 2014, we recorded full valuation allowances on the deferred tax assets of our foreign operating companies, our U.S. parent company and subsidiaries and our foreign holding companies due to substantial negative evidence, including the recent history of cumulative losses and the projected losses for 2015 and subsequent years. As a result, the valuation allowance on our deferred tax assets increased by $532.6 million during 2014. We do not anticipate that we will recognize significant tax benefits with respect to our deferred tax assets.

We are subject to income taxes in both the U.S. and the non-U.S. jurisdictions in which we operate. Certain of our entities are under examination by the relevant taxing authorities for various tax years. The earliest years that remain subject to examination by jurisdiction are: U.S. - 1999; Argentina and Mexico - 2006; Brazil, Luxembourg, Netherlands and Spain - 2009. We regularly assess the potential outcome of current and future examinations in each of the taxing jurisdictions when determining the adequacy of our provision for income taxes. We have only recorded financial statement benefits for tax positions which we believe reflect the “more-likely-than-not” criteria incorporated in the FASB’s authoritative guidance on accounting for uncertainty in income taxes, and we have established income tax reserves in accordance with this authoritative guidance where necessary. Once a financial statement benefit for a tax position is recorded or a tax reserve is established, we adjust it only when there is more information available or when an event occurs necessitating a change. While we believe that the amounts of the recorded financial statement benefits and tax reserves reflect the more-likely-than-not criteria, it is possible that the ultimate outcome of current or future examinations may result in a reduction to the tax benefits previously recorded on the financial statements or may exceed the current income tax reserves in amounts that could be material.

Unrecognized tax benefits are classified as non-current liabilities. The following table shows a reconciliation of our beginning and ending unrecognized tax benefits for 2014, 2013 and 2012 (in thousands):
 
Year Ended December 31,
 
2014
 
2013
 
2012
Unrecognized tax benefits at January 1
$
8,686

 
$
35,639

 
$
35,572

Additions for current year tax positions
—

 
—

 
3,118

Reductions for current year tax positions
—

 
—

 
(551
)
Reductions for prior year tax positions
—

 
(26,519
)
 
(2,197
)
Foreign currency translation adjustment
(350
)
 
(434
)
 
(303
)
Unrecognized tax benefits at December 31
$
8,336

 
$
8,686

 
$
35,639



As of December 31, 2014, 2013 and 2012, the unrecognized tax benefits that could potentially reduce our future effective tax rate, if recognized, were $1.8 million , $2.1 million and $4.8 million, respectively. In addition, unrecognized tax benefits will decrease by approximately $4.8 million over the next twelve months due to the expiration of certain statutes of limitations.
    
We record interest and penalties associated with uncertain tax positions as a component of our income tax provision. During the years ended December 31, 2014, 2013 and 2012, we recognized $0.2 million, $0.2 million and $0.3 million, respectively, of interest and penalties in our current income tax provision. Unrecognized tax benefits (including penalties and interest) were reduced by $26.5 million in 2013 due to the effective resolution of a tax position with the Internal Revenue Service and $2.7 million in 2012 due to a change in estimates. As of December 31, 2014 and 2013, we had accrued $2.4 million and $2.3 million, respectively for the payment of interest and penalties.
Effective January 1, 2014, the Mexican government passed legislation to keep the corporate income tax rate fixed at 30%, which repealed the scheduled tax rate reduction previously approved in December 2012.
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet19.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Employee Stock and Benefit Plans
 12 Months Ended
Dec. 31, 2014
Share-based Compensation, Allocation and Classification in Financial Statements [Abstract]
Employee Stock and Benefit Plans
Employee Stock and Benefit Plans
In May 2012, our stockholders adopted the 2012 Incentive Compensation Plan, which replaced our prior incentive compensation plans. The 2012 Incentive Compensation Plan provides us with the ability to award stock options, restricted stock, restricted stock units, and cash-based incentives to our employees, directors and consultants. The 2012 Incentive Compensation Plan incorporated the outstanding equity grants and remaining shares available for grant under our prior plans. Our stockholders previously authorized the Company to grant equity and equity-related incentives up to a maximum of 64,933,332 shares of common stock, subject to adjustments. At the time of adoption of the 2012 Incentive Compensation Plan, there were 9,731,179 shares authorized, unissued and available for grant under the 2012 Incentive Compensation Plan. All grants or awards made under the 2012 Incentive Compensation Plan are governed by written agreements between us and the participants and have a maximum term of ten years.
Historically, our Board of Directors has granted equity-related incentives consisting of stock options, restricted stock awards and restricted stock units to employees on an annual basis near the end of April. On April 30, 2014, our Board of Directors granted 1,752,921 stock options, 2,271,555 restricted stock awards and 358,373 restricted stock units to certain of our employees and directors in connection with this annual grant of equity-related incentives. Stock options, restricted stock awards, and restricted stock units are also granted to certain new employees on the later of their date of hire or the date that the grant is approved. In addition, under the provisions outlined in the 2012 Incentive Compensation Plan, our chief executive officer may grant, under authority delegated to him by the Compensation Committee of our Board of Directors, a limited number of stock options (not to exceed 1,000,000 shares in the aggregate for the plan year) and restricted stock/restricted stock unit awards (not to exceed 500,000 shares in the aggregate for the plan year) to employees who are not executive officers.
Prior to April 2014, upon the exercise of a stock option award or vesting of a restricted stock award or restricted stock units, we issued shares of our common stock from an available pool of shares that were authorized but not yet issued. Beginning in April 2014, our practice is to settle awards in cash upon vesting. As a result of this change, we changed the classification of outstanding awards from equity-classified to liability-classified and recorded an immaterial liability in our consolidated balance sheet as of December 31, 2014. There was no incremental compensation cost that resulted from this change in practice.
For the years ended December 31, 2014, 2013 and 2012, we recognized $4.0 million, $9.0 million and $20.3 million, respectively, in share-based compensation expense related to stock options. For the years ended December 31, 2014, 2013 and 2012, we recognized $10.4 million, $20.0 million and $22.2 million, respectively, in share-based compensation expense related to restricted stock and restricted stock units. Amounts recognized in the income statement for tax benefits related to share-based payment arrangements in 2014, 2013 and 2012 were not material. We include substantially all share-based compensation expense, including restricted stock expense, as a component of selling, general and administrative expenses based on classification of the compensation expense for the applicable grantee. We classify tax benefits resulting from tax deductions in excess of the compensation cost recognized for share-based awards as financing cash flows. As of December 31, 2014, there was approximately $5.2 million in unrecognized compensation cost related to non-vested employee stock option awards. We expect this cost to be recognized over a weighted average period of 1.27 years. Cash paid for exercises under all share-based payment arrangements was $0.1 million for 2014, $1.0 million for 2013 and $2.0 million for 2012.
Stock Option Awards
The following table summarizes stock option activity for the year ended December 31, 2014:
 
Number of
Options
 
Weighted Average
Exercise Price
per Option
 
Weighted Average
Remaining Life
 
Aggregate Intrinsic
Value
Outstanding, December 31, 2013
11,259,868

 
$
36.20

 
 

 
 

Granted
1,752,921

 
0.86

 
 

 
 

Exercised
—

 
—

 
 

 
 

Forfeited
(6,978,638
)
 
35.63

 
 

 
 

Outstanding, December 31, 2014
6,034,151

 
26.57

 
5.71

 
$
—

Exercisable, December 31, 2014
3,996,673

 
38.55

 
4.04

 
—


There were no options exercised during the year ended December 31, 2014. The total fair value of vested options was $16.4 million, $39.1 million and $54.3 million for the years ended December 31, 2014, 2013 and 2012, respectively. Generally, our stock options are non-transferable, except by will or laws of descent or distribution, and the actual value of the stock options that a recipient may realize, if any, will depend on the excess of the market price on the date of exercise over the exercise price. As a result of our Chapter 11 filing and the proposals for reorganization, which do not contemplate any recoveries with respect to equity interests, the holders of these stock option awards will not realize any value or receive any recovery from the long-term incentives granted during 2014 or in prior years.
The weighted average fair value of the stock option awards on their grant dates using the Black-Scholes-Merton option-pricing model was less than $0.01 for each option granted during the year ended December 31, 2014, $4.64 for each option granted during the year ended December 31, 2013 and $7.31 for each option granted during the year ended December 31, 2012 based on the following assumptions:
 
2014
 
2013
 
2012
Risk free interest rate
1.60% - 1.63%
 
0.63% - 1.49%
 
0.62% - 0.95%
Expected stock price volatility
69.53% - 96.99%
 
56.56% - 69.53%
 
50.00% - 56.56%
Expected term in years
4.78 - 4.81
 
4.78 - 4.81
 
4.65 - 4.78
Expected dividend yield
—
 
—
 
—

The expected term of stock option awards granted represents the period that we expect our stock option awards will be outstanding and was determined based on (1) historical data on employee exercise and post-vesting employment termination behavior, (2) the contractual terms of the stock option awards, (3) vesting schedules and (4) expectations of future employee behavior. The risk-free interest rate for periods consistent with the contractual life of the stock option award is based on the yield curve of U.S. Treasury strip securities in effect at the time of the grant. Expected volatility takes into consideration historical volatility and the implied volatility from traded options on our stock.
Restricted Stock and Restricted Stock Unit Awards
Restricted stock includes both non-vested restricted stock awards and restricted stock units. Following is a summary of our restricted stock:
 
Number of
Shares
 
Weighted Average
Grant Date
Fair Value
Per Share
Restricted stock awards as of December 31, 2013
3,919,485

 
$12.99
Granted
3,605,538

 
0.85
Vested
(1,140,667
)
 
16.80
Forfeited
(2,294,608
)
 
7.69
Restricted stock awards as of December 31, 2014
4,089,748

 
3.75

If a participant terminates employment prior to the vesting dates, the unvested shares are forfeited and available for reissuance under the terms of the 2012 Incentive Compensation Plan. The fair value of our restricted stock is determined based on the quoted price of our common stock at the grant date. As of December 31, 2014, there was approximately $7.8 million in unrecognized compensation cost related to restricted stock. We expect this cost to be recognized over a weighted average period of 1.52 years. The total fair value of restricted stock awards vested was $1.2 million during 2014 and $7.7 million during 2013. During 2014, we paid an immaterial amount to settle vested restricted stock awards. The weighted average grant date fair value of restricted stock awards granted during 2014 was $0.85 per unit compared to $8.69 per unit for 2013 and $16.97 per unit for 2012. As a result of our Chapter 11 filing and the proposals for reorganization, which do not contemplate any recoveries with respect to equity interests, the holders of these restricted stock awards will not realize any value or receive any recovery from the long-term incentives granted during 2014 or in prior years.
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet20.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Segment Information
 12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]
Segment Information
Segment Information
We have determined our reportable segments based on our method of internal reporting, which disaggregates our business by geographic location. We evaluate performance of these segments and provide resources to them based on operating income before depreciation, amortization and impairment and restructuring charges, which we refer to as segment earnings. Our reportable segments are: (1) Brazil, (2) Mexico and (3) Argentina.
 
Brazil
 
Mexico
 
Argentina
 
Corporate and Eliminations
 
Consolidated
 
(in thousands)
Year Ended December 31, 2014
 

 
 

 
 

 
 

 
 

Operating revenues
$
1,848,918

 
$
1,417,163

 
$
424,972

 
$
(2,333
)
 
$
3,688,720

Segment (losses) earnings
$
(133,691
)
 
$
(90,481
)
 
$
76,241

 
$
(144,733
)
 
$
(292,664
)
Less:
 

 
 

 
 

 
 

 
 

Impairment and restructuring charges
 
 
 
 
 
 
 
 
(220,742
)
Gain on sale of towers
 
 
 
 
 
 
 
 
74,631

Depreciation and amortization
 

 
 

 
 

 
 

 
(672,705
)
Foreign currency transaction losses, net
 

 
 

 
 

 
 

 
(130,499
)
Interest expense and other, net
 

 
 

 
 

 
 

 
(389,641
)
Loss from continuing operations before reorganization items and income tax provision
 

 
 

 
 

 
 

 
$
(1,631,620
)
Capital expenditures
$
218,855

 
$
168,750

 
$
26,308

 
$
14,507

 
$
428,420

Year Ended December 31, 2013
 

 
 

 
 

 
 

 
 

Operating revenues
$
2,208,034

 
$
1,872,697

 
$
636,448

 
$
(5,612
)
 
$
4,711,567

Segment earnings (losses)
$
311,129

 
$
179,896

 
$
179,418

 
$
(177,578
)
 
$
492,865

Less:
 

 
 

 
 

 
 

 
 

Impairment and restructuring charges
 
 
 
 
 
 
 
 
(168,543
)
Depreciation and amortization
 

 
 

 
 

 
 

 
(692,927
)
Foreign currency transaction losses, net
 

 
 

 
 

 
 

 
(123,369
)
Interest expense and other, net
 

 
 

 
 

 
 

 
(496,062
)
Loss from continuing operations before income tax provision
 

 
 

 
 

 
 

 
$
(988,036
)
Capital expenditures
$
461,458

 
$
375,522

 
$
21,183

 
$
13,931

 
$
872,094

Year Ended December 31, 2012
 

 
 

 
 

 
 

 
 

Operating revenues
$
2,902,350

 
$
2,109,573

 
$
685,201

 
$
(3,889
)
 
$
5,693,235

Segment earnings (losses)
$
674,632

 
$
561,059

 
$
180,956

 
$
(287,343
)
 
$
1,129,304

Less:
 

 
 

 
 

 
 

 
 

Impairment and restructuring charges
 
 
 
 
 
 
 
 
(30,401
)
Depreciation and amortization
 

 
 

 
 

 
 

 
(605,161
)
Foreign currency transaction losses, net
 

 
 

 
 

 
 

 
(63,330
)
Interest expense and other, net
 

 
 

 
 

 
 

 
(354,107
)
Income from continuing operations before income tax provision
 

 
 

 
 

 
 

 
$
76,305

Capital expenditures
$
632,796

 
$
523,555

 
$
56,825

 
$
92,520

 
$
1,305,696

December 31, 2014
 

 
 

 
 

 
 

 
 

Identifiable assets
$
2,991,959

 
$
1,721,710

 
$
279,714

 
$
437,208

 
$
5,430,591

December 31, 2013
 

 
 

 
 

 
 

 
 

Identifiable assets
$
3,705,642

 
$
2,695,091

 
$
451,041

 
$
1,828,180

(1)
$
8,679,954


__________________________
(1) As of December 31, 2013, identifiable assets in the "Corporate and Eliminations" column include $168.9 million of total assets related to discontinued operations as a result of the sale of Nextel Chile. See Note 5 for more information.
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet21.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Data
Quarterly Financial Data (Unaudited)
 
First
 
Second
 
Third
 
Fourth
 
(in thousands, except per share amounts)
2014
 

 
 

 
 

 
 

Operating revenues
$
955,781

 
$
951,981

 
$
926,727

 
$
854,231

Operating loss
(212,290
)
 
(350,553
)
 
(212,900
)
 
(335,737
)
Net loss from continuing operations
(338,270
)
 
(474,983
)
 
(456,753
)
 
(507,306
)
Net (loss) income from discontinued operations
(37,808
)
 
(148,329
)
 
13,306

 
(7,555
)
Net loss from continuing operations, per common share, basic and diluted
$
(1.97
)
 
$
(2.76
)
 
$
(2.65
)
 
$
(2.95
)
Net (loss) income from discontinued operations, per common share, basic and diluted
$
(0.22
)
 
$
(0.86
)
 
$
0.08

 
$
(0.04
)

 
First
 
Second
 
Third
 
Fourth
 
(in thousands, except per share amounts)
2013
 

 
 

 
 

 
 

Operating revenues
$
1,316,716

 
$
1,245,451

 
$
1,085,633

 
$
1,063,767

Operating loss
(44,397
)
 
(40,653
)
 
(127,889
)
 
(155,666
)
Net loss from continuing operations
(153,103
)
 
(316,018
)
 
(259,507
)
 
(705,460
)
Net loss from discontinued operations
(54,400
)
 
(80,334
)
 
(40,434
)
 
(40,343
)
Net loss from continuing operations, per common share, basic and diluted
$
(0.89
)
 
$
(1.83
)
 
$
(1.51
)
 
$
(4.10
)
Net loss from discontinued operations, per common share, basic and diluted
$
(0.32
)
 
$
(0.47
)
 
$
(0.23
)
 
$
(0.23
)

The sum of the per share amounts do not equal the annual amounts due to changes in the number of weighted average common shares outstanding during the year.
In August 2014, we completed the sale of all of the outstanding equity interests of our wholly-owned subsidiary, Nextel Chile, to Fucata. As a result of the sale of Nextel Chile, the quarterly amounts included above differ from the amounts originally included in our quarterly reports on Form 10-Q for each of the quarterly periods in 2013, as well as in the quarterly reports on Form 10-Q for the three months ended March 31, 2014 and June 30, 2014.
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet22.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Condensed Consolidating Financial Statements
 12 Months Ended
Dec. 31, 2014
Condensed Consolidating Financial Statements
Condensed Consolidating Financial Statements
Condensed Consolidating Financial Statements
In 2011, we issued $1.45 billion in aggregate principal amount of our 7.625% senior notes due in 2021. In addition, during 2009, we issued senior notes totaling $1.3 billion in aggregate principal amount comprised of our 10.0% senior notes due 2016 and our 8.875% senior notes due 2019. We refer to the senior notes issued in 2011 and 2009 collectively as the "notes." All of these notes are senior unsecured obligations of NII Capital Corp., our wholly-owned domestic subsidiary, and are guaranteed on a senior unsecured basis by NII Holdings and all of its current and future first tier and domestic restricted subsidiaries, other than NII Capital Corp. No foreign subsidiaries will guarantee the notes unless they are first tier subsidiaries of NII Holdings. These guarantees are full and unconditional, as well as joint and several.
In connection with the issuance of the notes and the guarantees thereof, we are required to provide certain condensed consolidating financial information. Included in the tables below are condensed consolidating balance sheets as of December 31, 2014 and 2013, as well as condensed consolidating statements of comprehensive (loss) income for the years ended December 31, 2014, 2013 and 2012 and condensed consolidating statements of cash flows for the years ended December 31, 2014, 2013 and 2012, of: (a) the parent company, NII Holdings, Inc.; (b) the subsidiary issuer, NII Capital Corp.; (c) the guarantor subsidiaries on a combined basis; (d) the non-guarantor subsidiaries on a combined basis; (e) consolidating adjustments; and (f) NII Holdings, Inc. and subsidiaries on a consolidated basis.
CONDENSED CONSOLIDATING BALANCE SHEET
As of December 31, 2014
 
NII Holdings,
Inc. (Parent and Guarantor)
 
NII Capital
Corp. (Issuer)(1)
 
Guarantor
Subsidiaries(2)
 
Non-
Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
 
(in thousands)
ASSETS
Current assets
 

 
 

 
 

 
 

 
 

 
 

Cash and cash equivalents
$
106,747

 
$
25,170

 
$
14,505

 
$
427,178

 
$
—

 
$
573,600

Short-term investments
—

 
—

 
—

 
153,612

 
—

 
153,612

Accounts receivable, net
—

 
—

 
290

 
398,388

 
—

 
398,678

Short-term intercompany receivables
27,803

 
65,130

 
99,459

 
7,030

 
(199,422
)
 
—

Handset and accessory inventory
—

 
—

 
—

 
207,633

 
—

 
207,633

Deferred income taxes, net
—

 
—

 
857

 
49,835

 
—

 
50,692

Prepaid expenses and other
7,942

 
—

 
8,352

 
312,903

 
—

 
329,197

Total current assets
142,492

 
90,300

 
123,463

 
1,556,579

 
(199,422
)
 
1,713,412

Property, plant and equipment,
  net
—

 
—

 
48,168

 
2,384,765

 
—

 
2,432,933

Intangible assets, net
18,000

 
—

 
—

 
804,124

 
—

 
822,124

Deferred income taxes, net
—

 
13,561

 
—

 
5,772

 
(13,566
)
 
5,767

Long-term intercompany receivables
1,393,109

 
3,488,284

 
342,883

 
1,354

 
(5,225,630
)
 
—

Other assets
947

 
—

 
392

 
455,016

 
—

 
456,355

Total assets
$
1,554,548

 
$
3,592,145

 
$
514,906

 
$
5,207,610

 
$
(5,438,618
)
 
$
5,430,591

 
 
 
 
 
 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY
Liabilities not subject to compromise
 
 
 
 
 
 
 
 
 
 
 
   Current liabilities
 

 
 

 
 

 
 

 
 

 
 

   Accounts payable
$
—

 
$
—

 
$
1,995

 
$
277,809

 
$
—

 
$
279,804

   Short-term intercompany payables
—

 
9,764

 
4,958

 
182,239

 
(196,961
)
 
—

   Accrued expenses and other
—

 
—

 
18,993

 
544,528

 
(533
)
 
562,988

   Deferred revenues
—

 
—

 
—

 
89,019

 
—

 
89,019

   Current portion of long-term debt
—

 
—

 
—

 
777,569

 
—

 
777,569

   Total current liabilities
—

 
9,764

 
25,946

 
1,871,164

 
(197,494
)
 
1,709,380

   Long-term debt
—

 
—

 
—

 
734,823

 
—

 
734,823

   Deferred income tax liabilities
1,529

 
—

 
14,524

 
55,601

 
(13,566
)
 
58,088

   Long-term intercompany payables
—

 
—

 
—

 
139,206

 
(139,206
)
 
—

   Other long-term liabilities
100

 
—

 
2,217

 
297,254

 
—

 
299,571

   Total liabilities not subject to
      compromise
1,629

 
9,764

 
42,687

 
3,098,048

 
(350,266
)
 
2,801,862

Liabilities subject to compromise
30,584

 
2,858,128

 
9,899

 
1,694,882

 
—

 
4,593,493

Intercompany liabilities subject to compromise
3,487,099

 
115,458

 
1,492,946

 
709,392

 
(5,804,895
)
 
—

Total liabilities subject to compromise
3,517,683

 
2,973,586

 
1,502,845

 
2,404,274

 
(5,804,895
)
 
4,593,493

Total stockholders’ (deficit) equity
(1,964,764
)
 
608,795

 
(1,030,626
)
 
(294,712
)
 
716,543

 
(1,964,764
)
Total liabilities and stockholders’ (deficit) equity
$
1,554,548

 
$
3,592,145

 
$
514,906

 
$
5,207,610

 
$
(5,438,618
)
 
$
5,430,591

_______________________________________
(1)
NII Capital Corp. is the issuer of our 7.625% senior notes due 2021, our 10.0% senior notes due 2016 and our 8.875% senior notes due 2019.
(2)
Represents our subsidiaries that have provided guarantees of the obligations of NII Capital Corp. under our 7.625% senior notes due 2021, our 10.0% senior notes due 2016 and our 8.875% notes due 2019.
CONDENSED CONSOLIDATING BALANCE SHEET
As of December 31, 2013
 
NII Holdings,
Inc. (Parent and Guarantor)
 
NII Capital
Corp. (Issuer)
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
 
 
ASSETS
Current assets
 

 
 

 
 

 
 

 
 

 
 

Cash and cash equivalents
$
356,314

 
$
—

 
$
5,586

 
$
1,368,435

 
$
—

 
$
1,730,335

Short-term investments
—

 
—

 
—

 
585,760

 
—

 
585,760

Accounts receivable, net
—

 
—

 
627

 
510,779

 
—

 
511,406

Short-term intercompany receivables
31,803

 
129,810

 
72,595

 
4,779

 
(238,987
)
 
—

Handset and accessory inventory
—

 
—

 
—

 
336,620

 
—

 
336,620

Deferred income taxes, net
—

 
—

 
1,145

 
126,250

 
—

 
127,395

Prepaid expenses and other
6,832

 
—

 
7,914

 
382,828

 
—

 
397,574

Assets related to discontinued operations
—

 
—

 
—

 
59,096

 
—

 
59,096

Total current assets
394,949

 
129,810

 
87,867

 
3,374,547

 
(238,987
)
 
3,748,186

Property, plant and equipment, net
—

 
—

 
130,729

 
3,207,103

 
(287
)
 
3,337,545

Investments in and advances to affiliates
1,867,753

 
1,503,202

 
1,562,080

 
—

 
(4,933,035
)
 
—

Intangible assets, net
18,000

 
—

 
—

 
962,369

 
—

 
980,369

Deferred income taxes, net
16,025

 
—

 
—

 
26,716

 
(16,028
)
 
26,713

Long-term intercompany receivables
1,474,658

 
3,714,760

 
701,680

 
1,354

 
(5,892,452
)
 
—

Other assets
29,381

 
32,556

 
15,383

 
399,986

 
—

 
477,306

Assets related to discontinued operations
—

 
—

 
—

 
109,835

 
—

 
109,835

Total assets
$
3,800,766

 
$
5,380,328

 
$
2,497,739

 
$
8,081,910

 
$
(11,080,789
)
 
$
8,679,954

 
 
 
 
 
 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
 

 
 

 
 

 
 

 
 

 
 

Accounts payable
$
—

 
$
—

 
$
727

 
$
345,401

 
$
—

 
$
346,128

Short-term intercompany payables
464,798

 
132,007

 
1,485,835

 
159,322

 
(2,241,962
)
 
—

Accrued expenses and other
—

 
59,490

 
26,089

 
873,702

 
(222
)
 
959,059

Deferred revenues
—

 
—

 
—

 
127,782

 
—

 
127,782

Current portion of long-term debt
—

 
—

 
1,871

 
94,968

 
—

 
96,839

Deposits related to 2013 sale of towers
—

 
—

 
—

 
720,013

 
—

 
720,013

Liabilities related to discontinued operations
—

 
—

 
—

 
36,769

 
—

 
36,769

Total current liabilities
464,798

 
191,497

 
1,514,522

 
2,357,957

 
(2,242,184
)
 
2,286,590

Long-term debt
23

 
2,729,321

 
33,864

 
2,933,424

 
—

 
5,696,632

Deferred income tax liabilities
3

 
2,950

 
15,384

 
106,682

 
(16,028
)
 
108,991

Long-term intercompany payables
2,950,226

 
—

 
10,390

 
929,990

 
(3,890,606
)
 
—

Other long-term liabilities
30,329

 
—

 
10,248

 
186,451

 
—

 
227,028

Liabilities related to discontinued operations
—

 
—

 
—

 
5,326

 
—

 
5,326

Total liabilities
3,445,379

 
2,923,768

 
1,584,408

 
6,519,830

 
(6,148,818
)
 
8,324,567

Total stockholders’ equity
355,387

 
2,456,560

 
913,331

 
1,562,080

 
(4,931,971
)
 
355,387

Total liabilities and stockholders’ equity
$
3,800,766

 
$
5,380,328

 
$
2,497,739

 
$
8,081,910

 
$
(11,080,789
)
 
$
8,679,954

For the Year Ended December 31, 2014
 
NII Holdings,
Inc. (Parent and Guarantor)
 
NII Capital
Corp. (Issuer)
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
 
(in thousands)
Operating revenues
$
—

 
$
—

 
$
2,143

 
$
3,688,369

 
$
(1,792
)
 
$
3,688,720

Operating expenses
 

 
 

 
 

 
 

 
 

 
 

Cost of revenues (exclusive of
  depreciation and amortization
  included below)
—

 
—

 
—

 
2,282,326

 
—

 
2,282,326

Selling, general and administrative
2,145

 
2,567

 
140,119

 
1,561,410

 
(7,183
)
 
1,699,058

Impairment and restructuring
  charges
—

 
—

 
63,393

 
157,349

 
—

 
220,742

Gain on sale of towers
—

 
—

 
—

 
(74,631
)
 
—

 
(74,631
)
Management fee and other
—

 
—

 
(48,852
)
 
51,672

 
(2,820
)
 
—

Depreciation and amortization
—

 
—

 
19,309

 
653,396

 
—

 
672,705

 
2,145

 
2,567

 
173,969

 
4,631,522

 
(10,003
)
 
4,800,200

Operating loss
(2,145
)
 
(2,567
)
 
(171,826
)
 
(943,153
)
 
8,211

 
(1,111,480
)
Other (expense) income
 

 
 

 
 

 
 

 
 

 
 

Interest expense, net
(570
)
 
(171,646
)
 
(543
)
 
(478,784
)
 
202,198

 
(449,345
)
Intercompany interest expense
(165,324
)
 
—

 
(50
)
 
165,374

 
—

 
—

Interest income
280

 
1

 
9

 
66,135

 
—

 
66,425

Intercompany interest income
411

 
200,467

 
1,317

 
3

 
(202,198
)
 
—

Foreign currency transaction
  losses, net
—

 
—

 
—

 
(130,499
)
 
—

 
(130,499
)
Equity in loss of affiliates
(1,805,438
)
 
(1,593,607
)
 
(1,589,367
)
 
—

 
4,988,412

 
—

Other income (expense), net
8,212

 
—

 
(2
)
 
(7,706
)
 
(7,225
)
 
(6,721
)
 
(1,962,429
)
 
(1,564,785
)
 
(1,588,636
)
 
(385,477
)
 
4,981,187

 
(520,140
)
Loss from continuing operations before reorganization items and income tax benefit (provision)
(1,964,574
)
 
(1,567,352
)
 
(1,760,462
)
 
(1,328,630
)
 
4,989,398

 
(1,631,620
)
Reorganization items
(291
)
 
(45,652
)
 
(13,932
)
 
(11,726
)
 
—

 
(71,601
)
Income tax benefit (provision)
7,167

 
6,747

 
(18,678
)
 
(69,327
)
 
—

 
(74,091
)
Net loss from continuing operations
(1,957,698
)
 
(1,606,257
)
 
(1,793,072
)
 
(1,409,683
)
 
4,989,398

 
(1,777,312
)
Loss from discontinued operations, net of income taxes
—

 
—

 
—

 
(179,686
)
 
(700
)
 
(180,386
)
Net loss
$
(1,957,698
)
 
$
(1,606,257
)
 
$
(1,793,072
)
 
$
(1,589,369
)
 
$
4,988,698

 
$
(1,957,698
)
 
 
 
 
 
 
 
 
 
 
 
 
Comprehensive loss, net of income taxes
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustment
$
(340,847
)
 
$
(342,432
)
 
$
(342,432
)
 
$
(342,432
)
 
$
1,027,296

 
$
(340,847
)
  Reclassification adjustment for
    sale of Nextel Chile
(33,885
)
 
(33,885
)
 
(33,885
)
 
(33,885
)
 
101,655

 
(33,885
)
  Other
(544
)
 
(544
)
 
(544
)
 
(544
)
 
1,632

 
(544
)
  Other comprehensive loss
(375,276
)
 
(376,861
)
 
(376,861
)
 
(376,861
)
 
1,130,583

 
(375,276
)
  Net loss
(1,957,698
)
 
(1,606,257
)
 
(1,793,072
)
 
(1,589,369
)
 
4,988,698

 
(1,957,698
)
    Total comprehensive loss
$
(2,332,974
)
 
$
(1,983,118
)
 
$
(2,169,933
)
 
$
(1,966,230
)
 
$
6,119,281

 
$
(2,332,974
)
For the Year Ended December 31, 2013
 
NII Holdings,
Inc. (Parent and Guarantor)
 
NII Capital
Corp. (Issuer)
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
 
(in thousands)
Operating revenues
$
—

 
$
—

 
$
3,114

 
$
4,711,525

 
$
(3,072
)
 
$
4,711,567

Operating expenses
 

 
 

 
 

 
 

 
 

 
 

Cost of revenues (exclusive of
  depreciation and amortization
  included below)
—

 
—

 
—

 
2,276,929

 
—

 
2,276,929

Selling, general and administrative
3,136

 
—

 
167,180

 
1,779,719

 
(8,262
)
 
1,941,773

Impairments and restructuring
  charges
—

 
—

 
97,063

 
71,480

 
—

 
168,543

Management fee and other
—

 
—

 
(75,116
)
 
106,264

 
(31,148
)
 
—

Depreciation and amortization
—

 
—

 
28,055

 
664,872

 
—

 
692,927

 
3,136

 
—

 
217,182

 
4,899,264

 
(39,410
)
 
5,080,172

Operating loss
(3,136
)
 
—

 
(214,068
)
 
(187,739
)
 
36,338

 
(368,605
)
Other (expense) income
 

 
 

 
 

 
 

 
 

 
 

Interest expense, net
(562
)
 
(240,132
)
 
(1,379
)
 
(284,457
)
 
—

 
(526,530
)
Intercompany interest expense
(234,799
)
 
—

 
(59
)
 
(51,740
)
 
286,598

 
—

Interest income
913

 
—

 
9

 
42,405

 
—

 
43,327

Intercompany interest income
1,340

 
284,709

 
549

 
—

 
(286,598
)
 
—

Foreign currency transaction
  losses, net
—

 
—

 
—

 
(123,369
)
 
—

 
(123,369
)
Equity in loss of affiliates
(1,473,856
)
 
(1,274,274
)
 
(1,269,438
)
 
—

 
4,017,568

 
—

Other income (expense), net
36,017

 
—

 
612

 
(13,150
)
 
(36,338
)
 
(12,859
)
 
(1,670,947
)
 
(1,229,697
)
 
(1,269,706
)
 
(430,311
)
 
3,981,230

 
(619,431
)
Loss from continuing operations before income tax benefit (provision)
(1,674,083
)
 
(1,229,697
)
 
(1,483,774
)
 
(618,050
)
 
4,017,568

 
(988,036
)
Income tax benefit (provision)
24,484

 
(16,548
)
 
(18,111
)
 
(435,877
)
 
—

 
(446,052
)
Net loss from continuing operations
(1,649,599
)
 
(1,246,245
)
 
(1,501,885
)
 
(1,053,927
)
 
4,017,568

 
(1,434,088
)
Loss from discontinued operations, net of income taxes
—

 
—

 
—

 
(215,511
)
 
—

 
(215,511
)
Net loss
$
(1,649,599
)
 
$
(1,246,245
)
 
$
(1,501,885
)
 
$
(1,269,438
)
 
$
4,017,568

 
$
(1,649,599
)
 
 
 
 
 
 
 
 
 
 
 
 
Comprehensive loss, net of income taxes
 
 
 
 
 
 
 
 
 
 
 
  Foreign currency translation
     adjustment
$
(334,893
)
 
$
(335,183
)
 
$
(335,183
)
 
$
(335,183
)
 
$
1,005,549

 
$
(334,893
)
  Other
2,257

 
2,257

 
2,257

 
2,257

 
(6,771
)
 
2,257

  Other comprehensive loss
(332,636
)
 
(332,926
)
 
(332,926
)
 
(332,926
)
 
998,778

 
(332,636
)
  Net loss
(1,649,599
)
 
(1,246,245
)
 
(1,501,885
)
 
(1,269,438
)
 
4,017,568

 
(1,649,599
)
    Total comprehensive loss
$
(1,982,235
)
 
$
(1,579,171
)
 
$
(1,834,811
)
 
$
(1,602,364
)
 
$
5,016,346

 
$
(1,982,235
)
For the Year Ended December 31, 2012

 
NII Holdings,
Inc. (Parent and Guarantor)
 
NII Capital
Corp. (Issuer)
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
 
(in thousands)
Operating revenues
$
—

 
$
—

 
$
3,071

 
$
5,694,718

 
$
(4,554
)
 
$
5,693,235

Operating expenses
 

 
 

 
 

 
 

 
 

 
 

Cost of revenues (exclusive of depreciation and amortization included below)
—

 
—

 
73

 
2,303,419

 
(1,483
)
 
2,302,009

Selling, general and administrative
3,180

 
2

 
309,680

 
1,962,033

 
(12,973
)
 
2,261,922

Impairment and restructuring charges
—

 
—

 
—

 
30,401

 
—

 
30,401

Management fee and other
—

 
—

 
(126,971
)
 
225,202

 
(98,231
)
 
—

Depreciation and amortization
—

 
—

 
36,079

 
569,082

 
—

 
605,161

 
3,180

 
2

 
218,861

 
5,090,137

 
(112,687
)
 
5,199,493

Operating (loss) income
(3,180
)
 
(2
)
 
(215,790
)
 
604,581

 
108,133

 
493,742

Other (expense) income
 

 
 

 
 

 
 

 
 

 
 

Interest expense, net
(23,646
)
 
(229,652
)
 
(2,072
)
 
(104,425
)
 
—

 
(359,795
)
Intercompany interest expense
(215,501
)
 
—

 
—

 
(84,202
)
 
299,703

 
—

Interest income
15,292

 
24,181

 
801

 
(6,489
)
 
—

 
33,785

Intercompany interest income
1

 
261,352

 
186

 
38,164

 
(299,703
)
 
—

Foreign currency transaction losses
—

 
—

 
—

 
(63,330
)
 
—

 
(63,330
)
Equity in loss of affiliates
(639,902
)
 
(443,294
)
 
(434,443
)
 
—

 
1,517,639

 
—

Other income (expense), net
86,324

 
—

 
101

 
(6,389
)
 
(108,133
)
 
(28,097
)
 
(777,432
)
 
(387,413
)
 
(435,427
)
 
(226,671
)
 
1,409,506

 
(417,437
)
(Loss) income before income tax benefit (provision)
(780,612
)
 
(387,415
)
 
(651,217
)
 
377,910

 
1,517,639

 
76,305

Income tax benefit (provision)
15,363

 
(19,731
)
 
(24,833
)
 
(128,943
)
 
—

 
(158,144
)
Net (loss) income from continuing operations
(765,249
)
 
(407,146
)
 
(676,050
)
 
248,967

 
1,517,639

 
(81,839
)
Loss from discontinued operations, net of income taxes
—

 
—

 
—

 
(683,410
)
 
—

 
(683,410
)
Net loss
$
(765,249
)
 
$
(407,146
)
 
$
(676,050
)
 
$
(434,443
)
 
$
1,517,639

 
$
(765,249
)
 
 
 
 
 
 
 
 
 
 
 
 
Comprehensive loss, net of income taxes
 
 
 
 
 
 
 
 
 
 
 
  Foreign currency translation
     adjustment
$
(97,589
)
 
$
(96,593
)
 
$
(96,593
)
 
$
(96,593
)
 
$
289,779

 
$
(97,589
)
  Other
(1,802
)
 
(1,802
)
 
(1,802
)
 
(1,802
)
 
5,406

 
(1,802
)
  Other comprehensive loss
(99,391
)
 
(98,395
)
 
(98,395
)
 
(98,395
)
 
295,185

 
(99,391
)
  Net loss
(765,249
)
 
(407,146
)
 
(676,050
)
 
(434,443
)
 
1,517,639

 
(765,249
)
    Total comprehensive loss
$
(864,640
)
 
$
(505,541
)
 
$
(774,445
)
 
$
(532,838
)
 
$
1,812,824

 
$
(864,640
)
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
For the Year Ended December 31, 2014
 
NII Holdings,
Inc. (Parent and Guarantor)
 
NII Capital
Corp. (Issuer)
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
 
(in thousands)
Cash flows from operating activities:
 

 
 

 
 

 
 

 
 

 
 

Net loss
$
(1,957,698
)
 
$
(1,606,257
)
 
$
(1,793,072
)
 
$
(1,589,369
)
 
$
4,988,698

 
$
(1,957,698
)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities
1,861,773

 
1,631,873

 
1,640,357

 
1,246,260

 
(4,988,698
)
 
1,391,565

Total operating cash (used in) provided by continuing operations
(95,925
)
 
25,616

 
(152,715
)
 
(343,109
)
 
—

 
(566,133
)
Total operating cash used in discontinued operations
—

 
—

 
—

 
(62,583
)
 
—

 
(62,583
)
Net cash (used in) provided by operating activities
(95,925
)
 
25,616

 
(152,715
)
 
(405,692
)
 
—

 
(628,716
)
Cash flows from investing activities:
 

 
 

 
 

 
 

 
 

 
 

Capital expenditures
—

 
—

 
(7,012
)
 
(605,149
)
 
—

 
(612,161
)
Purchases of investments
—

 
—

 
—

 
(1,637,913
)
 
—

 
(1,637,913
)
Proceeds from sales of investments
—

 
—

 
—

 
2,092,459

 
—

 
2,092,459

Changes in restricted cash and escrow accounts
25,300

 
—

 
—

 
(163,127
)
 
—

 
(137,827
)
Investment in subsidiaries
(180,712
)
 
(446
)
 
—

 
—

 
181,158

 
—

Other, net
1,856

 
—

 
32,390

 
(70,488
)
 
(1,856
)
 
(38,098
)
Total investing cash (used in) provided by continuing operations
(153,556
)
 
(446
)
 
25,378

 
(384,218
)
 
179,302

 
(333,540
)
Total investing cash used in discontinued operations
—

 
—

 
—

 
(13,998
)
 
—

 
(13,998
)
Net cash (used in) provided by investing activities
(153,556
)
 
(446
)
 
25,378

 
(398,216
)
 
179,302

 
(347,538
)
Cash flows from financing activities:
 

 
 

 
 

 
 

 
 

 
 

Borrowings under equipment financing and other
—

 
—

 
—

 
14,590

 
—

 
14,590

Repayments under capital leases
—

 
—

 
(42,414
)
 
(6,506
)
 
—

 
(48,920
)
Repayments under equipment financing and other borrowings
—

 
—

 
—

 
(39,243
)
 
—

 
(39,243
)
Payment of line of credit
—

 
—

 
—

 
(54,067
)
 
—

 
(54,067
)
Capital contributions
—

 
20

 
180,525

 
613

 
(181,158
)
 
—

Other, net
(86
)
 
(20
)
 
(1,855
)
 
(527
)
 
1,856

 
(632
)
Net cash (used in) provided by financing activities
(86
)
 
—

 
136,256

 
(85,140
)
 
(179,302
)
 
(128,272
)
Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
—

 
(55,657
)
 
—

 
(55,657
)
Change in cash and cash equivalents related to discontinued operations
—

 
—

 
—

 
3,448

 
—

 
3,448

Net (decrease) increase in cash and cash equivalents
(249,567
)
 
25,170

 
8,919

 
(941,257
)
 
—

 
(1,156,735
)
Cash and cash equivalents, beginning of year
356,314

 
—

 
5,586

 
1,368,435

 
—

 
1,730,335

Cash and cash equivalents, end of year
$
106,747

 
$
25,170

 
$
14,505

 
$
427,178

 
$
—

 
$
573,600

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
For the Year Ended December 31, 2013
 
NII Holdings,
Inc. (Parent and Guarantor)
 
NII Capital
Corp. (Issuer)
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
 
(in thousands)
Cash flows from operating activities:
 

 
 

 
 

 
 

 
 

 
 

Net loss
$
(1,649,599
)
 
$
(1,246,245
)
 
$
(1,501,885
)
 
$
(1,269,438
)
 
$
4,017,568

 
$
(1,649,599
)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities
1,477,932

 
1,298,129

 
1,340,701

 
1,571,997

 
(4,067,478
)
 
1,621,281

Total operating cash (used in) provided by continuing operations
(171,667
)
 
51,884

 
(161,184
)
 
302,559

 
(49,910
)
 
(28,318
)
Total operating cash provided by (used in) discontinued operations
—

 
—

 
1,440

 
(165,573
)
 
—

 
(164,133
)
Net cash (used in) provided by operating activities
(171,667
)
 
51,884

 
(159,744
)
 
136,986

 
(49,910
)
 
(192,451
)
Cash flows from investing activities:
 

 
 

 
 

 
 

 
 

 
 

Capital expenditures
—

 
—

 
(14,232
)
 
(606,663
)
 
—

 
(620,895
)
Purchases of licenses
—

 
—

 
—

 
(53,066
)
 
—

 
(53,066
)
Purchases of investments
—

 
—

 
—

 
(2,360,529
)
 
—

 
(2,360,529
)
Proceeds from sales of investments
—

 
—

 
—

 
1,942,886

 
—

 
1,942,886

Proceeds from 2013 sale of towers, net
—

 
—

 
—

 
721,404

 
—

 
721,404

Transfers to restricted cash
(15,050
)
 
—

 
—

 
(26,659
)
 
—

 
(41,709
)
Transfers from restricted cash
—

 
—

 
—

 
2,273

 
—

 
2,273

Investment in subsidiaries
(191,526
)
 
(1,974
)
 
(1,260
)
 
—

 
194,760

 
—

Other, net
545

 
—

 
—

 
191

 
(529
)
 
207

Total investing cash used in continuing operations
(206,031
)
 
(1,974
)
 
(15,492
)
 
(380,163
)
 
194,231

 
(409,429
)
Total investing cash provided by discontinued operations
—

 
—

 
—

 
231,817

 
—

 
231,817

Net cash used in investing activities
(206,031
)
 
(1,974
)
 
(15,492
)
 
(148,346
)
 
194,231

 
(177,612
)
Cash flows from financing activities:
 

 
 

 
 

 
 

 
 

 
 

Gross proceeds from issuance of senior notes
—

 
—

 
—

 
1,600,000

 
—

 
1,600,000

Borrowings under equipment financing and other
—

 
—

 
—

 
145,077

 
—

 
145,077

Repayments under syndicated loan facilities
—

 
—

 
—

 
(323,919
)
 
—

 
(323,919
)
Repayments of import financing
—

 
—

 
—

 
(37,422
)
 
—

 
(37,422
)
Repayments under tower financing and other borrowings
—

 
—

 
(16,608
)
 
(46,887
)
 
—

 
(63,495
)
Payment of line of credit
—

 
—

 
—

 
(362,735
)
 
—

 
(362,735
)
Intercompany dividends
—

 
(49,910
)
 
—

 
—

 
49,910

 
—

Capital contributions
—

 
20

 
191,506

 
3,234

 
(194,760
)
 
—

Other, net
(1,010
)
 
(20
)
 
(545
)
 
(26,904
)
 
529

 
(27,950
)
Total financing cash (used in) provided by continuing operations
(1,010
)
 
(49,910
)
 
174,353

 
950,444

 
(144,321
)
 
929,556

Total financing cash used in discontinued operations
—

 
—

 
—

 
(152,965
)
 
—

 
(152,965
)
Net cash (used in) provided by financing activities
(1,010
)
 
(49,910
)
 
174,353

 
797,479

 
(144,321
)
 
776,591

Effect of exchange rate changes
  on cash and cash equivalents
—

 
—

 
—

 
(56,236
)
 
—

 
(56,236
)
Change in cash and cash equivalents related to discontinued operations
—

 
—

 
—

 
15,090

 
—

 
15,090

Net (decrease) increase in cash and cash equivalents
(378,708
)
 
—

 
(883
)
 
744,973

 
—

 
365,382

Cash and cash equivalents, beginning of year
735,022

 
—

 
6,469

 
623,462

 
—

 
1,364,953

Cash and cash equivalents, end of year
$
356,314

 
$
—

 
$
5,586

 
$
1,368,435

 
$
—

 
$
1,730,335

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
For the Year Ended December 31, 2012
 
NII Holdings,
Inc. (Parent and Guarantor)
 
NII Capital
Corp. (Issuer)
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
 
(in thousands)
Cash flows from operating activities:
 

 
 

 
 

 
 

 
 

 
 

Net loss
$
(765,249
)
 
$
(407,146
)
 
$
(676,050
)
 
$
(434,443
)
 
$
1,517,639

 
$
(765,249
)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities
768,542

 
567,599

 
564,974

 
1,296,998

 
(1,869,145
)
 
1,328,968

Total operating cash provided by (used in) continuing operations
3,293

 
160,453

 
(111,076
)
 
862,555

 
(351,506
)
 
563,719

Total operating cash provided by (used in) discontinued operations
—

 
—

 
2,142

 
(212,678
)
 
—

 
(210,536
)
Net cash provided by (used in) operating activities
3,293

 
160,453

 
(108,934
)
 
649,877

 
(351,506
)
 
353,183

Cash flows from investing activities:
 

 
 

 
 

 
 

 
 

 
 

Capital expenditures
—

 
—

 
(92,574
)
 
(861,308
)
 
—

 
(953,882
)
Purchases of licenses
—

 
—

 
—

 
(100,185
)
 
—

 
(100,185
)
Purchases of investments
—

 
—

 
—

 
(1,678,918
)
 
—

 
(1,678,918
)
Proceeds from sales of investments
224,330

 
—

 
—

 
1,589,453

 
—

 
1,813,783

Transfers to restricted cash
—

 
—

 
—

 
(11,969
)
 
—

 
(11,969
)
Transfers from restricted cash
—

 
—

 
—

 
7,882

 
—

 
7,882

Intercompany borrowings
—

 
—

 
—

 
(300
)
 
300

 
—

Investment in subsidiaries
(318,949
)
 
(9,445
)
 
—

 
—

 
328,394

 
—

Other, net
—

 
—

 
—

 
1,018

 
—

 
1,018

Total investing cash used in continuing operations
(94,619
)
 
(9,445
)
 
(92,574
)
 
(1,054,327
)
 
328,694

 
(922,271
)
 Total investing cash used in discontinued operations
—

 
—

 
—

 
(132,889
)
 
—

 
(132,889
)
 Net cash used in investing activities
(94,619
)
 
(9,445
)
 
(92,574
)
 
(1,187,216
)
 
328,694

 
(1,055,160
)
Cash flows from financing activities:
 

 
 

 
 

 
 

 
 

 
 

Borrowings under line of credit
—

 
—

 
—

 
212,770

 
—

 
212,770

Borrowings under equipment financing
—

 
—

 
—

 
233,776

 
—

 
233,776

Repayments under syndicated loan facilities
—

 
—

 
—

 
(97,403
)
 
—

 
(97,403
)
Repayments of import financing
—

 
—

 
—

 
(175,923
)
 
—

 
(175,923
)
Capital contributions
—

 
—

 
318,949

 
9,445

 
(328,394
)
 
—

Proceeds from intercompany long-term loan
—

 
—

 
300

 
—

 
(300
)
 
—

Purchases of convertible notes
(212,782
)
 
—

 
—

 
—

 
—

 
(212,782
)
Intercompany dividends
—

 
(151,186
)
 
(100,320
)
 
(100,000
)
 
351,506

 
—

Other, net
(3,228
)
 
(778
)
 
(19,368
)
 
(101,349
)
 
—

 
(124,723
)
Total financing cash (used in) provided by continuing operations
(216,010
)
 
(151,964
)
 
199,561

 
(18,684
)
 
22,812

 
(164,285
)
Total financing cash used in discontinued operations
—

 
—

 
—

 
(74,010
)
 
—

 
(74,010
)
Net cash (used in) provided by financing activities
(216,010
)
 
(151,964
)
 
199,561

 
(92,694
)
 
22,812

 
(238,295
)
Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
—

 
844

 
—

 
844

Change in cash and cash equivalents related to discontinued operations
—

 
—

 
—

 
22,226

 
—

 
22,226

Net decrease in cash and cash equivalents
(307,336
)
 
(956
)
 
(1,947
)
 
(606,963
)
 
—

 
(917,202
)
Cash and cash equivalents, beginning of year
1,042,358

 
956

 
8,416

 
1,230,425

 
—

 
2,282,155

Cash and cash equivalents, end of year
$
735,022

 
$
—

 
$
6,469

 
$
623,462

 
$
—

 
$
1,364,953
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet23.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Subsequent Events (Notes)
 12 Months Ended
Dec. 31, 2014
Subsequent Event [Line Items]
Subsequent Events [Text Block]
18.    Subsequent Event

On January 26, 2015, NII Holdings, Inc. and certain of its subsidiaries entered into a purchase and sale agreement with an indirect subsidiary of AT&T for the sale of Nextel Mexico. The purchase agreement provides for a purchase price of $1.875 billion in cash, less Nextel Mexico's outstanding debt, net of its cash balances, on the closing date and subject to other specified adjustments.

The purchase agreement provides that approximately $32.0 million of the purchase price will be deposited and held in escrow to secure specified obligations of AT&T under the purchase agreement. The purchase agreement also provides that $187.5 million of the purchase price will be held in escrow for two years in case of breaches by Nextel Mexico of representations, warranties and covenants.

The sale transaction is being implemented pursuant to Section 363 of the Bankruptcy Code and is subject to higher or better offers in accordance with bidding procedures approved by, and under the supervision of, the Bankruptcy Court. AT&T may terminate the purchase agreement if the hearing before the Bankruptcy Court with respect to the sale does not occur by March 23, 2015. The successful bidder in the auction process contemplated by the bidding procedures will be required to complete the transactions contemplated by the purchase agreement in accordance with its terms. In addition, if AT&T is not the successful bidder, NII Holdings will be required to pay AT&T a termination fee equal to approximately $32.0 million, reimburse up to $10.0 million of AT&T's expenses and return the deposit.

Completion of the sale is subject to several conditions, including: (i) the Bankruptcy Court having entered all appropriate orders; (ii) obtaining all required governmental approvals; (iii) the absence of a material adverse effect on Nextel Mexico; and (iv) certain other customary conditions. Assuming the successful sale of Nextel Mexico, we plan to focus our financial and other resources on our core operation in Brazil. We expect the sale transaction to be completed by mid-2015.

Pending completion of the transactions contemplated by the purchase agreement, Nextel Mexico has agreed to (i) conduct its business in the ordinary course consistent with past practice; and (ii) use commercially reasonable efforts to maintain and preserve intact its business organization and preserve intact certain business relationships and relationships with applicable regulatory authorities.
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet24.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Schedule I - Condensed Financial Information of Registrant (Notes)
 12 Months Ended
Dec. 31, 2014
 Dec. 31, 2013
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Financial Information of Parent Company Only Disclosure [Text Block]
NII HOLDINGS, INC.
CONDENSED BALANCE SHEETS (PARENT COMPANY ONLY)
(in thousands)

 
December 31,
2014
 
December 31,
2013
ASSETS
Current assets
 
 
 
Cash and cash equivalents
$
106,747

 
$
356,314

Short-term intercompany receivables
27,803

 
31,803

Prepaid expenses and other
7,942

 
6,832

Total current assets
142,492

 
394,949

Investments in and advances to affiliates
—

 
1,867,753

Intangible assets, net
18,000

 
18,000

Deferred income taxes, net
—

 
16,025

Long-term intercompany receivables
1,393,109

 
1,474,658

Other assets
947

 
29,381

Total assets
$
1,554,548

 
$
3,800,766

LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY
 
 
 
 
Liabilities not subject to compromise
 
 
 
   Current liabilities
 
 
 
   Short-term intercompany payables
$
—

 
$
464,798

   Total current liabilities
—

 
464,798

   Long-term intercompany payables
—

 
2,950,226

   Other long-term liabilities
1,629

 
30,355

   Total liabilities not subject to compromise
1,629

 
3,445,379

Liabilities subject to compromise
30,584

 
—

Intercompany liabilities subject to compromise
3,487,099

 
—

Total liabilities subject to compromise
3,517,683

 
—

Total stockholders’ (deficit) equity
(1,964,764
)
 
355,387

Total liabilities and stockholders’ (deficit) equity
$
1,554,548

 
$
3,800,766





















NII HOLDINGS, INC.
CONDENSED STATEMENTS OF COMPREHENSIVE LOSS (PARENT COMPANY ONLY)
(in thousands)

 
Year Ended December 31,
 
2014
 
2013
 
2012
Operating revenues
$
—

 
$
—

 
$
—

Operating expenses
 
 
 
 
 
Selling, general and administrative
2,145

 
3,136

 
3,180

 
2,145

 
3,136

 
3,180

Operating loss
(2,145
)
 
(3,136
)
 
(3,180
)
Other (expense) income
 

 
 

 
 

Interest expense, net
(570
)
 
(562
)
 
(23,646
)
Intercompany interest expense
(165,324
)
 
(234,799
)
 
(215,501
)
Interest income
280

 
913

 
15,292

Intercompany interest income
411

 
1,340

 
1

Equity in loss of affiliates
(1,805,438
)
 
(1,473,856
)
 
(639,902
)
Other income, net
8,212

 
36,017

 
86,324

 
(1,962,429
)
 
(1,670,947
)
 
(777,432
)
Loss before reorganization items and income tax benefit
(1,964,574
)
 
(1,674,083
)
 
(780,612
)
Reorganization items
(291
)
 
—

 
—

Income tax benefit
7,167

 
24,484

 
15,363

Net loss
$
(1,957,698
)
 
$
(1,649,599
)
 
$
(765,249
)
 
 
 
 
 
 
Comprehensive loss, net of income taxes
 
 
 
 
 
  Foreign currency translation adjustment
$
(340,847
)
 
$
(334,893
)
 
$
(97,589
)
  Reclassification adjustment for sale of Nextel Chile
(33,885
)
 
—

 
—

  Other
(544
)
 
2,257

 
(1,802
)
  Other comprehensive loss
(375,276
)
 
(332,636
)
 
(99,391
)
  Net loss
(1,957,698
)
 
(1,649,599
)
 
(765,249
)
    Total comprehensive loss
$
(2,332,974
)
 
$
(1,982,235
)
 
$
(864,640
)










NII HOLDINGS, INC.
CONDENSED STATEMENTS OF CASH FLOWS (PARENT COMPANY ONLY)
(in thousands)

 
Year Ended December 31,
 
2014
 
2013
 
2012
Cash flows from operating activities:
 

 
 
 
 

Net loss
$
(1,957,698
)
 
$
(1,649,599
)
 
$
(765,249
)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities
1,861,773

 
1,477,932

 
768,542

Net cash (used in) provided by operating activities
(95,925
)
 
(171,667
)
 
3,293

Cash flows from investing activities:
 

 
 

 
 

Proceeds from sales of long-term and short-term investments
—

 
—

 
224,330

Changes in restricted cash and escrow accounts
25,300

 
(15,050
)
 
—

Investments in subsidiaries
(180,712
)
 
(191,526
)
 
(318,949
)
Other, net
1,856

 
545

 
—

Net cash used in investing activities
(153,556
)
 
(206,031
)
 
(94,619
)
Cash flows from financing activities:
 

 
 

 
 

Purchases of convertible notes
—

 
—

 
(212,782
)
Other, net
(86
)
 
(1,010
)
 
(3,228
)
Net cash used in financing activities
(86
)
 
(1,010
)
 
(216,010
)
Net decrease in cash and cash equivalents
(249,567
)
 
(378,708
)
 
(307,336
)
Cash and cash equivalents, beginning of year
356,314

 
735,022

 
1,042,358

Cash and cash equivalents, end of year
$
106,747

 
$
356,314

 
$
735,022
1.    Basis of Presentation

NII Holdings, Inc., or NII Holdings, our parent company, is a holding company that conducts substantially all of its business operations through its operating subsidiaries. See Note 1 to our consolidated financial statements for more information. As specified in the indenture surrounding our NIIT senior notes and in certain of our operating companies' local financing agreements, there are restrictions on the parent company's ability to obtain funds from certain of its subsidiaries through dividends, loans or advances. Substantially all of the consolidated net assets of NII Holdings and its subsidiaries are restricted. See Note 9 to our consolidated financial statements for more information. These condensed financial statements have been presented on a "parent company only" basis. In accordance with this parent company only presentation, we have presented our parent company's investments in consolidated subsidiaries under the equity method. These condensed parent company only financial statements should be read in conjunction with our consolidated financial statements included elsewhere herein.

2.    Dividends From Subsidiaries

NII Holdings' consolidated subsidiaries did not declare any dividends to the parent company during the year ended December 31, 2014. For the years ended December 31, 2013 and 2012, NII Holdings' consolidated subsidiaries declared and paid $49.9 million and $151.2 million, respectively, in cash dividends to the parent company.
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet25.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Schedule II - Valuation and Qualifying Accounts
 12 Months Ended
Dec. 31, 2014
Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts
SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS
(in thousands)
 
Balance at
Beginning of
Period
 
Charged to
Costs and
Expenses
 
Deductions
and Other
Adjustments (1)
 
Balance at
End of
Period
Year Ended December 31, 2014
 

 
 

 
 

 
 

Allowance for doubtful accounts
$
54,531

 
$
114,784

 
$
(114,300
)
 
$
55,015

Valuation allowance for deferred tax assets
$
4,335,913

 
$
610,467

 
$
(77,876
)
 
$
4,868,504

Year Ended December 31, 2013
 

 
 

 
 

 
 

Allowance for doubtful accounts
$
104,897

 
$
111,460

 
$
(161,826
)
 
$
54,531

Valuation allowance for deferred tax assets
$
330,739

 
$
4,052,410

 
$
(47,236
)
 
$
4,335,913

Year Ended December 31, 2012
 

 
 

 
 

 
 

Allowance for doubtful accounts
$
62,030

 
$
214,454

 
$
(171,587
)
 
$
104,897

Valuation allowance for deferred tax assets
$
180,545

 
$
151,286

 
$
(1,092
)
 
$
330,739

_______________________________________
(1)
Includes the impact of foreign currency translation adjustments.
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet26.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Summary of Significant Accounting Policies (Policies)
 12 Months Ended
Dec. 31, 2014
 Dec. 31, 2013
Accounting Policies [Abstract]
Income Tax, Policy [Policy Text Block]
Income Taxes. We account for income taxes using the asset and liability method, under which we recognize deferred income taxes for the tax consequences attributable to differences between the financial statement carrying amounts and the tax bases of existing assets and liabilities, as well as for tax loss carryforwards and tax credit carryforwards. We measure deferred tax assets and liabilities using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recoverable or settled. We recognize the effect on deferred taxes of a change in tax rates in income in the period that includes the enactment date. We provide a valuation allowance against deferred tax assets if, based upon the weight of available evidence, we do not believe it is “more-likely-than-not” that some or all of the deferred tax assets will be realized.
Derivatives, Reporting of Derivative Activity [Policy Text Block]
Derivative Financial Instruments.  We enter into derivative transactions for risk management purposes only. We have not and will not enter into any derivative transactions for speculative or profit generating purposes. As of December 31, 2014 and 2013, the values of our derivative instruments were not material.
Cash and Cash Equivalents, Policy [Policy Text Block]
Cash and Cash Equivalents.  We consider all highly liquid investments with an original maturity of three months or less at the time of purchase to be cash equivalents. Cash equivalents primarily consist of money market funds and other similarly structured funds. As of December 31, 2014 and 2013, we had $200.3 million and $738.9 million, respectively, in time deposits.
Nature of Operations [Text Block]
1.    Summary of Operations
We provide wireless communication services under the NextelTM brand. Historically, our services were targeted to meet the needs of business customers and individuals who used our services to meet both professional and personal needs. With the deployment of our wideband code division multiple access, or WCDMA, networks in our markets, our target market has expanded to include both business subscribers and consumers who exhibit above average usage, revenue and loyalty characteristics and who we believe will be attracted to the services and attractive pricing plans we offer, the quality of and data speeds provided by our WCDMA networks and the quality of our customer service.
We provide our services through operating companies located in Brazil, Mexico and Argentina, with our principal operations located in major business centers and related transportation corridors of these countries. We provide services in major urban and suburban centers with high population densities where we believe there is a concentration of the country’s business users and economic activity. We believe that the growing economic base, increase in the middle and upper class and lower wireline service penetration encourage the use of the mobile wireless communications services that we offer and plan to offer in the future. Our WCDMA networks in Brazil and Mexico serve these major business centers and, in some instances, a broader geographic area in order to meet the requirements of our spectrum licenses. We also utilize roaming arrangements to expand the geographic coverage of our WCDMA-based services in Brazil and Mexico.
Our original networks utilize integrated digital enhanced network, or iDEN, technology developed by Motorola, Inc. to provide mobile services on our 800 megahertz, or MHz, spectrum holdings in all of our markets. Our next generation networks utilize WCDMA technology, which is a standards-based technology that is being deployed by carriers throughout the world. We also offer long-term evolution, or LTE, services in Rio de Janeiro in Brazil and in certain cities in Mexico. These technologies allow us to use our spectrum efficiently and offer multiple wireless services integrated into a variety of handset and data devices.
The services we currently offer include:
•
mobile telephone voice service;
•
wireless data services, including text messaging services, mobile internet services and email services;
•
push-to-talk services, including Direct Connect®, Prip and International Direct Connect® services, which allow subscribers to talk to each other instantly;
•
other value-added services, including location-based services, which include the use of Global Positioning System, or GPS, technologies; digital media services; and a wide ranging set of applications available via our content management system, as well as the AndroidTM open application market;
•
business solutions, such as security, work force management, logistics support and other applications that help our business subscribers improve their productivity; and
•
voice and data roaming services outside of our coverage areas.
The deployment and expansion of our WCDMA networks in Brazil and Mexico enables us to offer a wider range of products and services that are supported by that technology, including data services provided at substantially higher speeds than can be delivered on our iDEN networks. These WCDMA networks also support our unique push-to-talk services that provide differentiation from our competitors' offerings. In the third quarter of 2013, our WCDMA network reached geographic coverage parity with our iDEN network in Mexico, and in Brazil we are currently offering services supported by our WCDMA network in about 260 cities, including cities in and around Sao Paulo and Rio de Janeiro. In the second quarter of 2014, we launched LTE services in Rio de Janeiro, and during the fourth quarter of 2014, we began offering similar LTE services in certain cities in Mexico. We also offer service on our iDEN network in Argentina and continue to provide services on our iDEN networks in Brazil and Mexico.
Significant Accounting Policies [Text Block]
.    Summary of Significant Accounting Policies
Use of Estimates.  The preparation of financial statements in conformity with accounting principles generally accepted in the United States, or the U.S., requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Due to the inherent uncertainty involved in making estimates, actual results to be reported in future periods could differ from our estimates.
Principles of Consolidation.  The consolidated financial statements include the accounts of NII Holdings and our subsidiaries. Our decision to consolidate an entity is based on our control of the entity through direct and indirect majority interest in the entity. We eliminate all significant intercompany transactions, including intercompany profits and losses, in consolidation.
We refer to our subsidiaries by the countries in which they operate, such as Nextel Brazil, Nextel Mexico and Nextel Argentina.
Concentrations of Risk.  All of our revenues are generated from our operations located in Brazil, Mexico and Argentina. Regulatory entities in each country regulate the licensing, construction, acquisition, ownership and operation of our networks, and certain other aspects of our business, including some of the rates we charge our subscribers. Changes in the current telecommunications statutes or regulations in any of these countries could adversely affect our business. In addition, as of December 31, 2014 and 2013, $4.7 billion and $6.4 billion, respectively, of our assets were owned by Nextel Brazil and Nextel Mexico. Political, financial and economic developments in Brazil and Mexico could impact the recoverability of our assets.
Motorola Solutions is the primary supplier for iDEN network equipment, and Motorola Mobility is the primary supplier of iDEN handsets. We expect to continue to rely on Motorola Solutions and Motorola Mobility for iDEN network equipment and handsets. The recent significant reduction in demand for iDEN network equipment and handsets may make it uneconomical for Motorola Solutions to continue to provide the same level of ongoing support for our iDEN networks and could also affect Motorola Mobility's ability or willingness to provide iDEN handsets. As a result, we may not be able to adequately service our existing iDEN subscribers or attract new iDEN subscribers. The impact of this transition is particularly significant in Argentina where we do not currently hold spectrum that supports the deployment of a WCDMA or LTE network.
Financial instruments that potentially subject us to significant amounts of credit risk consist of cash, cash equivalents, short-term investments and accounts receivable. Our cash and cash equivalents are deposited with high-quality financial institutions. At times, we maintain cash balances in excess of Federal Deposit Insurance Corporation (or the foreign country equivalent institution) limits. Our short-term investments are composed of investments in U.S. treasury securities, investments in corporate bonds and certain investments made by Nextel Brazil and Nextel Argentina. See Note 10 for further information. Our accounts receivable are generally unsecured. In some cases, for certain higher risk subscribers, we require a subscriber deposit. We routinely assess the credit worthiness of our subscribers and maintain allowances for probable losses, where necessary.
Foreign Currency.  We translate the results of operations for our non-U.S. subsidiaries and affiliates from the designated functional currency to the U.S. dollar using average exchange rates during the relevant period, while we translate assets and liabilities at the exchange rate in effect at the reporting date. We translate equity balances at historical rates. We report the resulting gains or losses from translating foreign currency financial statements as other comprehensive income or loss.
In general, monetary assets and liabilities held by our operating subsidiaries that are denominated in U.S. dollars give rise to realized and unrealized foreign currency transaction gains and losses, which we record in the consolidated statement of comprehensive loss as foreign currency transaction losses, net. We report the effects of changes in exchange rates associated with certain U.S. dollar-denominated intercompany loans and advances to our foreign subsidiaries that are of a long-term investment nature as other comprehensive income or loss in our consolidated financial statements. We have determined that certain U.S. dollar-denominated intercompany loans and advances to Nextel Brazil are of a long-term investment nature.
The authorities in some of our markets have, from time to time, used formal and informal restrictions to limit the convertibility of currency and our ability to repatriate capital from our market operations to their parent companies. For example, the Argentine government continues to impose formal and informal limitations on our ability to repatriate funds and repay intercompany contractual obligations.
Cash and Cash Equivalents.  We consider all highly liquid investments with an original maturity of three months or less at the time of purchase to be cash equivalents. Cash equivalents primarily consist of money market funds and other similarly structured funds. As of December 31, 2014 and 2013, we had $200.3 million and $738.9 million, respectively, in time deposits.
Short-Term Investments.  We classify investments in debt securities as available-for-sale as of the balance sheet date and report them at fair value. We record unrealized gains and losses, net of income tax, as other comprehensive income or loss. We report realized gains or losses, as determined on a specific identification basis, and other-than-temporary declines in value, if any, in net other expense in our consolidated statement of comprehensive loss. We assess declines in the value of individual investments to determine whether the decline is other-than-temporary and thus the investment is impaired. We make these assessments by considering available evidence, including changes in general market conditions, specific industry and individual company data, the length of time and the extent to which the market value has been less than cost, the financial condition and near-term prospects of the individual company and our intent and ability to hold the investment. See Note 10 for additional information.
Handset and Accessory Inventory.  We record handsets and accessories at the lower of cost or market. We determine cost by the weighted average costing method. We expense handset costs at the time of sale and classify such costs in cost of handsets and accessories. Inventory cost includes amounts associated with non-income based taxes.
We analyze the net realizable value and replacement cost of handset and accessory inventory on a periodic basis. This analysis includes an assessment of the obsolescence of individual devices, our sales forecasts and other factors. For the years ended December 31, 2014, 2013 and 2012, we recorded losses related to inventory obsolescence of $40.8 million, $70.2 million and $1.5 million, respectively, which included $14.1 million in 2013 related to expected losses on firm purchase commitments.
Property, Plant and Equipment.  We record property, plant and equipment, including improvements that extend useful lives or enhance functionality, at cost, while we charge maintenance and repairs to operations as incurred. We capitalize internal and external costs incurred to develop internal-use software, which consist primarily of costs related to configuration, interfaces, installation and testing. We also capitalize internal and external costs incurred to develop specified upgrades and enhancements if they result in significant additional functionalities for our existing software. We expense all costs related to evaluation of software needs, data conversion, training, maintenance and other post-implementation operating activities.
We calculate depreciation using the straight-line method based on estimated useful lives ranging from 3 to 30 years for network equipment, communication towers and software and 3 to 10 years for office equipment, furniture and fixtures, and other, which includes non-network internal use software. We include depreciation expense on our capital leases in accumulated depreciation. We amortize leasehold improvements over the shorter of the lease terms or the useful lives of the improvements.
Construction in progress includes internal and external labor, materials, transmission and related equipment, engineering, site development, interest and other costs relating to the construction and development of our digital wireless networks. We do not depreciate assets under construction until they are ready for their intended use. We capitalize interest and other costs, including labor and software upgrades, which are applicable to the construction of, and significant improvements that enhance functionality to, our network equipment.
We periodically review the depreciation method, useful lives and estimated salvage value of our property, plant and equipment and revise those estimates if current estimates are significantly different from previous estimates.
During the fourth quarter of 2013, we reviewed the useful lives of our communication towers and determined that the useful lives of some of these towers should be increased to 30 years compared to the 10- or 15-year useful lives over which we were previously depreciating these sites. As a result of this change in useful lives, our depreciation expense decreased by approximately $80.0 million in 2014.
Asset Retirement Obligations.  We record an asset retirement obligation and an associated asset retirement cost when we have a legal obligation in connection with the retirement of tangible long-lived assets. Our obligations arise from certain of our leases and relate primarily to the cost of removing our communication towers and network equipment from leased sites. We recognize an asset retirement obligation, and the associated asset retirement cost, in the period in which it is incurred at fair value computed using discounted cash flow techniques. The liability is then accreted over time until the obligation is settled and the asset retirement cost is depreciated over the useful life of the related assets.
We make adjustments for changes to either the timing or amount of the estimated future settlement obligation in the period incurred. We recognize increases in the present value of the asset retirement obligations as an additional liability and add this amount to the carrying amount of the associated asset retirement cost. We record decreases as a reduction in both the recorded liability and the carrying amount of the associated asset retirement cost. To the extent that the decrease in the recorded liability exceeds the carrying amount of the associated asset retirement cost, we record the excess as a component of operating income. For the year ended December 31, 2013, we recorded a $75.9 million reduction to our asset retirement obligations as the result of a change in the timing and amount of estimated future settlements, of which $48.3 million represented the amount of the liability that was in excess of the carrying amount of the associated asset retirement cost.
As of December 31, 2014 and 2013, our asset retirement obligations were as follows (in thousands):
 
2014
 
2013
Balance, January 1
$
49,879

 
$
102,465

New asset retirement obligations
8,718

 
18,292

Change in assumptions
(2,096
)
 
(75,900
)
Accretion
6,531

 
17,171

Settlement of asset retirement obligations
(9,844
)
 
323

Foreign currency translation and other
(9,650
)
 
(12,472
)
Balance, December 31
$
43,538

 
$
49,879


Derivative Financial Instruments.  We enter into derivative transactions for risk management purposes only. We have not and will not enter into any derivative transactions for speculative or profit generating purposes. As of December 31, 2014 and 2013, the values of our derivative instruments were not material.
Valuation of Long-Lived Assets.  We review long-lived assets such as property, plant and equipment and identifiable intangible assets with definite useful lives, which include our licenses, for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. If the total of the expected undiscounted future cash flows of the asset or asset group is less than the carrying amount of the asset, we recognize a loss, if any, for the difference between the fair value and carrying value of the asset.
Intangible Assets.  Substantially all of our intangible assets are wireless telecommunications licenses. We amortize our intangible assets using the straight-line method over the estimated period benefited. We amortize licenses acquired after our emergence from reorganization in 2002 over their estimated useful lives of 3 to 20 years. In the countries in which we operate, licenses are customarily issued conditionally for specified periods of time ranging from 10 to 40 years, including renewals. The licenses are generally renewable provided the licensee has complied with applicable rules and policies. We believe we have complied with these standards in all material respects. However, the political and regulatory environments in the markets we serve are continuously changing and, in many cases, the renewal fees could be significant. Therefore, we do not view the renewal of our licenses to be perfunctory. In addition, the wireless telecommunications industry is experiencing significant technological change, and the commercial life of any particular technology is difficult to predict. Our licenses in Mexico give us the right to use 800 MHz spectrum that is non-contiguous, and the iDEN technology is the only commercially available technology that operates on non-contiguous spectrum. As a result, our ability to deploy new technologies using 800 MHz spectrum in Mexico may be limited. In light of these uncertainties, we classify our licenses as definite lived intangible assets.
Revenue Recognition.  Operating revenues primarily consist of wireless service revenues and revenues generated from the sale of handsets and accessories. We present our operating revenues net of value-added taxes, but we include certain revenue-based taxes that are our primary obligation.
Service revenues primarily consist of fixed monthly access charges. Other components of service revenue include revenues from calling party pays programs, where applicable, variable charges for airtime usage in excess of plan minutes, long-distance charges, international roaming revenues derived from calls placed by our subscribers on other carriers’ networks and revenues generated from broadband data services we provide on our WCDMA networks, net of credits and adjustments for service discounts and value-added taxes. We recognize excess usage, local, long distance and calling party pays revenue at contractual rates per minute as minutes are used. We record cash received in excess of revenues earned as deferred revenues. We recognize service revenue as service is provided. We recognize handset revenue when title and risk of loss passes to the customer.
We bill excess usage to certain of our subscribers in arrears. In order to recognize the revenues originating from excess usage subsequent to subscriber invoicing, we estimate the unbilled portion based on the usage that the handset had during the part of the month already billed, and we use this actual usage to estimate the unbilled usage for the rest of the month taking into consideration working days and seasonality. Our estimates are based on our experience in each market. We periodically evaluate our estimates by comparing them to actual excess usage revenue billed the following month. While our estimates have been consistent with our actual results, actual usage in future periods could differ from our estimates.
Other revenues primarily include amounts generated from our handset maintenance programs, roaming revenues generated from other companies’ subscribers that roam on our networks and co-location rental revenues from third party tenants that rent space on our towers. We recognize revenue generated from our handset maintenance programs on a monthly basis at fixed amounts over the service period. We recognize roaming revenues at contractual rates per minute as minutes are used. We recognize co-location revenues from third party tenants on a monthly basis based on the terms set by the underlying agreements.
Revenue-Based Taxes.  We record revenue-based taxes and other excise taxes on a gross basis as a component of both service and other revenues and selling, general and administrative expenses in our consolidated financial statements. For the years ended December 31, 2014, 2013 and 2012, we had $120.6 million, $166.0 million and $211.5 million, respectively, in revenue-based taxes and other excise taxes.
Accounts Receivable. Accounts receivable represents amounts due from subscribers, net of an allowance for doubtful accounts, and includes amounts that have been billed to customers and amounts that have not yet been billed. Trade accounts receivable consists of fixed monthly charges, as well as charges for excess and roaming minutes used in arrears.
Allowance for Doubtful Accounts.  We establish an allowance for doubtful accounts receivable sufficient to cover probable and reasonably estimated losses. We estimate this allowance based on historical experience, aging of accounts receivable and individual subscriber payment history. While we believe that the estimates we use are reasonable, actual results could differ from those estimates.
Subscriber Related Direct Costs.  We recognize all costs of handset sales when title and risk of loss passes upon delivery of the handset to the subscriber.
Advertising Costs.  We expense costs related to advertising and other promotional expenditures as incurred. Advertising costs totaled $146.9 million, $142.5 million and $159.8 million during the years ended December 31, 2014, 2013 and 2012, respectively.
Stock-Based Compensation.  We measure and recognize compensation expense for all stock-based compensation awards based on estimated fair values. We account for share-based awards exchanged for employee services in accordance with the authoritative guidance for stock compensation. Under the guidance, stock compensation expense is measured at the grant date, based on the estimated fair value of the award when settled in shares, and is recognized, net of estimated forfeitures, over the employee's requisite service period. Compensation expense is amortized on a straight-line basis over the requisite service period for the entire award, which is generally the maximum vesting period of the award. Our stock options and restricted shares generally vest thirty-three percent per year over a three-year period. See Note 14 for more information.
Net Loss Per Common Share, Basic and Diluted.  Basic net loss per common share is computed by dividing adjusted net loss attributable to common shares by the weighted average number of common shares outstanding for the period. Diluted net loss per common share reflects the potential dilution of securities that could participate in our earnings, but not securities that are antidilutive, including stock options with an exercise price greater than the average market price of our common stock.
Our unvested restricted stock awards, or RSAs, contain non-forfeitable rights to dividends, whether paid or unpaid. As a result, our RSAs are considered participating securities because their holders have the right to participate in earnings with common stockholders. We use the two-class method to allocate net income between common shares and other participating securities.
As presented for the years ended December 31, 2014, 2013 and 2012, our calculation of diluted net loss per common share is based on the weighted average number of common shares outstanding during the period and does not include other potential common shares, including shares issuable upon the potential exercise of stock options under our stock-based employee compensation plans or restricted common shares issued under those plans. In addition, for the years ended December 31, 2014, 2013 and 2012, we did not include 5.4 million, 10.8 million or 16.8 million stock options, respectively, and 0.9 million, 2.8 million or 2.0 million in restricted stock, respectively, in our calculation of diluted net loss per common share because their effect would have been antidilutive to our net loss per common share for those periods.
Income Taxes. We account for income taxes using the asset and liability method, under which we recognize deferred income taxes for the tax consequences attributable to differences between the financial statement carrying amounts and the tax bases of existing assets and liabilities, as well as for tax loss carryforwards and tax credit carryforwards. We measure deferred tax assets and liabilities using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recoverable or settled. We recognize the effect on deferred taxes of a change in tax rates in income in the period that includes the enactment date. We provide a valuation allowance against deferred tax assets if, based upon the weight of available evidence, we do not believe it is “more-likely-than-not” that some or all of the deferred tax assets will be realized.
Reclassifications. We have reclassified some prior period amounts in our consolidated financial statements to conform to our current year presentation.
New Accounting Pronouncements.  On May 28, 2014, the Financial Accounting Standards Board, or the FASB, issued new authoritative guidance surrounding revenue recognition, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. This new authoritative guidance will replace most existing revenue recognition guidance when it becomes effective. The new standard is effective on January 1, 2017, and early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. We are evaluating the effect that the new revenue recognition guidance will have on our consolidated financial statements and related disclosures. We have not yet selected a transition method nor have we determined the effect of the standard on our ongoing financial reporting.
On April 10, 2014, the FASB issued new authoritative guidance surrounding discontinued operations and disclosures of components of an entity, which updates the definition of discontinued operations. Going forward only those disposals of components of an entity that represent a strategic shift that has or will have a major effect on an entity's operations and financial results will be reported as discontinued operations in a company's financial statements. The new standard is effective for disposals of components of an entity that occur within annual periods beginning on or after December 15, 2014, and early adoption is permitted. We intend to adopt this standard in the first quarter of 2015. We do not expect the adoption of this standard to have a material impact on our financial statements.
On August 27, 2014, the FASB issued new authoritative guidance surrounding the evaluation and disclosures of uncertainties about an entity's ability to continue as a going concern. The new guidance requires management to perform an assessment of going concern and, under certain circumstances, disclose information regarding this assessment in the footnotes to the financial statements.  The new standard is effective for periods beginning after December 15, 2016. We intend to adopt this standard in the first quarter of 2017. We do not expect the adoption of this standard to have a material impact on our financial statements.
Use of Estimates, Policy [Policy Text Block]
Use of Estimates.  The preparation of financial statements in conformity with accounting principles generally accepted in the United States, or the U.S., requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Due to the inherent uncertainty involved in making estimates, actual results to be reported in future periods could differ from our estimates.
Consolidation, Policy [Policy Text Block]
Principles of Consolidation.  The consolidated financial statements include the accounts of NII Holdings and our subsidiaries. Our decision to consolidate an entity is based on our control of the entity through direct and indirect majority interest in the entity. We eliminate all significant intercompany transactions, including intercompany profits and losses, in consolidation.
We refer to our subsidiaries by the countries in which they operate, such as Nextel Brazil, Nextel Mexico and Nextel Argentina.
Concentration Risk, Credit Risk, Policy [Policy Text Block]
Concentrations of Risk.  All of our revenues are generated from our operations located in Brazil, Mexico and Argentina. Regulatory entities in each country regulate the licensing, construction, acquisition, ownership and operation of our networks, and certain other aspects of our business, including some of the rates we charge our subscribers. Changes in the current telecommunications statutes or regulations in any of these countries could adversely affect our business. In addition, as of December 31, 2014 and 2013, $4.7 billion and $6.4 billion, respectively, of our assets were owned by Nextel Brazil and Nextel Mexico. Political, financial and economic developments in Brazil and Mexico could impact the recoverability of our assets.
Motorola Solutions is the primary supplier for iDEN network equipment, and Motorola Mobility is the primary supplier of iDEN handsets. We expect to continue to rely on Motorola Solutions and Motorola Mobility for iDEN network equipment and handsets. The recent significant reduction in demand for iDEN network equipment and handsets may make it uneconomical for Motorola Solutions to continue to provide the same level of ongoing support for our iDEN networks and could also affect Motorola Mobility's ability or willingness to provide iDEN handsets. As a result, we may not be able to adequately service our existing iDEN subscribers or attract new iDEN subscribers. The impact of this transition is particularly significant in Argentina where we do not currently hold spectrum that supports the deployment of a WCDMA or LTE network.
Financial instruments that potentially subject us to significant amounts of credit risk consist of cash, cash equivalents, short-term investments and accounts receivable. Our cash and cash equivalents are deposited with high-quality financial institutions. At times, we maintain cash balances in excess of Federal Deposit Insurance Corporation (or the foreign country equivalent institution) limits. Our short-term investments are composed of investments in U.S. treasury securities, investments in corporate bonds and certain investments made by Nextel Brazil and Nextel Argentina. See Note 10 for further information. Our accounts receivable are generally unsecured. In some cases, for certain higher risk subscribers, we require a subscriber deposit. We routinely assess the credit worthiness of our subscribers and maintain allowances for probable losses, where necessary.
Foreign Currency Transactions and Translations Policy [Policy Text Block]
Foreign Currency.  We translate the results of operations for our non-U.S. subsidiaries and affiliates from the designated functional currency to the U.S. dollar using average exchange rates during the relevant period, while we translate assets and liabilities at the exchange rate in effect at the reporting date. We translate equity balances at historical rates. We report the resulting gains or losses from translating foreign currency financial statements as other comprehensive income or loss.
In general, monetary assets and liabilities held by our operating subsidiaries that are denominated in U.S. dollars give rise to realized and unrealized foreign currency transaction gains and losses, which we record in the consolidated statement of comprehensive loss as foreign currency transaction losses, net. We report the effects of changes in exchange rates associated with certain U.S. dollar-denominated intercompany loans and advances to our foreign subsidiaries that are of a long-term investment nature as other comprehensive income or loss in our consolidated financial statements. We have determined that certain U.S. dollar-denominated intercompany loans and advances to Nextel Brazil are of a long-term investment nature.
The authorities in some of our markets have, from time to time, used formal and informal restrictions to limit the convertibility of currency and our ability to repatriate capital from our market operations to their parent companies. For example, the Argentine government continues to impose formal and informal limitations on our ability to repatriate funds and repay intercompany contractual obligations.
Restricted Cash Policy [Policy Text Block]
Restricted Cash.  
As of December 31, 2014, we had $107.8 million in restricted cash, the majority of which was included in other long-term assets and was comprised of cash held in escrow in connection with the sale of Nextel Peru, judicial deposits in Nextel Brazil and a debt service reserve account related to Nextel Mexico's equipment financing facility.
As of December 31, 2013, we had $120.5 million in restricted cash, the majority of which was included in other long-term assets and was comprised of cash held in escrow in connection with the sale of Nextel Peru, a debt service reserve account related to Nextel Mexico's equipment financing facility, judicial deposits in Nextel Brazil, purchase commitments for handsets and cash collateral supporting the lease of our corporate headquarters.
Short-Term Investments [Policy Text Block]
Short-Term Investments.  We classify investments in debt securities as available-for-sale as of the balance sheet date and report them at fair value. We record unrealized gains and losses, net of income tax, as other comprehensive income or loss. We report realized gains or losses, as determined on a specific identification basis, and other-than-temporary declines in value, if any, in net other expense in our consolidated statement of comprehensive loss. We assess declines in the value of individual investments to determine whether the decline is other-than-temporary and thus the investment is impaired. We make these assessments by considering available evidence, including changes in general market conditions, specific industry and individual company data, the length of time and the extent to which the market value has been less than cost, the financial condition and near-term prospects of the individual company and our intent and ability to hold the investment. See Note 10 for additional information.
Inventory, Policy [Policy Text Block]
Handset and Accessory Inventory.  We record handsets and accessories at the lower of cost or market. We determine cost by the weighted average costing method. We expense handset costs at the time of sale and classify such costs in cost of handsets and accessories. Inventory cost includes amounts associated with non-income based taxes.
We analyze the net realizable value and replacement cost of handset and accessory inventory on a periodic basis. This analysis includes an assessment of the obsolescence of individual devices, our sales forecasts and other factors. For the years ended December 31, 2014, 2013 and 2012, we recorded losses related to inventory obsolescence of $40.8 million, $70.2 million and $1.5 million, respectively, which included $14.1 million in 2013 related to expected losses on firm purchase commitments.
Property, Plant and Equipment, Policy [Policy Text Block]
Property, Plant and Equipment.  We record property, plant and equipment, including improvements that extend useful lives or enhance functionality, at cost, while we charge maintenance and repairs to operations as incurred. We capitalize internal and external costs incurred to develop internal-use software, which consist primarily of costs related to configuration, interfaces, installation and testing. We also capitalize internal and external costs incurred to develop specified upgrades and enhancements if they result in significant additional functionalities for our existing software. We expense all costs related to evaluation of software needs, data conversion, training, maintenance and other post-implementation operating activities.
We calculate depreciation using the straight-line method based on estimated useful lives ranging from 3 to 30 years for network equipment, communication towers and software and 3 to 10 years for office equipment, furniture and fixtures, and other, which includes non-network internal use software. We include depreciation expense on our capital leases in accumulated depreciation. We amortize leasehold improvements over the shorter of the lease terms or the useful lives of the improvements.
Construction in progress includes internal and external labor, materials, transmission and related equipment, engineering, site development, interest and other costs relating to the construction and development of our digital wireless networks. We do not depreciate assets under construction until they are ready for their intended use. We capitalize interest and other costs, including labor and software upgrades, which are applicable to the construction of, and significant improvements that enhance functionality to, our network equipment.
We periodically review the depreciation method, useful lives and estimated salvage value of our property, plant and equipment and revise those estimates if current estimates are significantly different from previous estimates.
During the fourth quarter of 2013, we reviewed the useful lives of our communication towers and determined that the useful lives of some of these towers should be increased to 30 years compared to the 10- or 15-year useful lives over which we were previously depreciating these sites. As a result of this change in useful lives, our depreciation expense decreased by approximately $80.0 million in 2014.
Asset Retirement Obligations, Policy [Policy Text Block]
Asset Retirement Obligations.  We record an asset retirement obligation and an associated asset retirement cost when we have a legal obligation in connection with the retirement of tangible long-lived assets. Our obligations arise from certain of our leases and relate primarily to the cost of removing our communication towers and network equipment from leased sites. We recognize an asset retirement obligation, and the associated asset retirement cost, in the period in which it is incurred at fair value computed using discounted cash flow techniques. The liability is then accreted over time until the obligation is settled and the asset retirement cost is depreciated over the useful life of the related assets.
We make adjustments for changes to either the timing or amount of the estimated future settlement obligation in the period incurred. We recognize increases in the present value of the asset retirement obligations as an additional liability and add this amount to the carrying amount of the associated asset retirement cost. We record decreases as a reduction in both the recorded liability and the carrying amount of the associated asset retirement cost. To the extent that the decrease in the recorded liability exceeds the carrying amount of the associated asset retirement cost, we record the excess as a component of operating income. For the year ended December 31, 2013, we recorded a $75.9 million reduction to our asset retirement obligations as the result of a change in the timing and amount of estimated future settlements, of which $48.3 million represented the amount of the liability that was in excess of the carrying amount of the associated asset retirement cost.
As of December 31, 2014 and 2013, our asset retirement obligations were as follows (in thousands):
 
2014
 
2013
Balance, January 1
$
49,879

 
$
102,465

New asset retirement obligations
8,718

 
18,292

Change in assumptions
(2,096
)
 
(75,900
)
Accretion
6,531

 
17,171

Settlement of asset retirement obligations
(9,844
)
 
323

Foreign currency translation and other
(9,650
)
 
(12,472
)
Balance, December 31
$
43,538

 
$
49,879
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]
Valuation of Long-Lived Assets.  We review long-lived assets such as property, plant and equipment and identifiable intangible assets with definite useful lives, which include our licenses, for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. If the total of the expected undiscounted future cash flows of the asset or asset group is less than the carrying amount of the asset, we recognize a loss, if any, for the difference between the fair value and carrying value of the asset.
Goodwill and Intangible Assets, Policy [Policy Text Block]
Intangible Assets.  Substantially all of our intangible assets are wireless telecommunications licenses. We amortize our intangible assets using the straight-line method over the estimated period benefited. We amortize licenses acquired after our emergence from reorganization in 2002 over their estimated useful lives of 3 to 20 years. In the countries in which we operate, licenses are customarily issued conditionally for specified periods of time ranging from 10 to 40 years, including renewals. The licenses are generally renewable provided the licensee has complied with applicable rules and policies. We believe we have complied with these standards in all material respects. However, the political and regulatory environments in the markets we serve are continuously changing and, in many cases, the renewal fees could be significant. Therefore, we do not view the renewal of our licenses to be perfunctory. In addition, the wireless telecommunications industry is experiencing significant technological change, and the commercial life of any particular technology is difficult to predict. Our licenses in Mexico give us the right to use 800 MHz spectrum that is non-contiguous, and the iDEN technology is the only commercially available technology that operates on non-contiguous spectrum. As a result, our ability to deploy new technologies using 800 MHz spectrum in Mexico may be limited. In light of these uncertainties, we classify our licenses as definite lived intangible assets.
Revenue Recognition, Policy [Policy Text Block]
Revenue Recognition.  Operating revenues primarily consist of wireless service revenues and revenues generated from the sale of handsets and accessories. We present our operating revenues net of value-added taxes, but we include certain revenue-based taxes that are our primary obligation.
Service revenues primarily consist of fixed monthly access charges. Other components of service revenue include revenues from calling party pays programs, where applicable, variable charges for airtime usage in excess of plan minutes, long-distance charges, international roaming revenues derived from calls placed by our subscribers on other carriers’ networks and revenues generated from broadband data services we provide on our WCDMA networks, net of credits and adjustments for service discounts and value-added taxes. We recognize excess usage, local, long distance and calling party pays revenue at contractual rates per minute as minutes are used. We record cash received in excess of revenues earned as deferred revenues. We recognize service revenue as service is provided. We recognize handset revenue when title and risk of loss passes to the customer.
We bill excess usage to certain of our subscribers in arrears. In order to recognize the revenues originating from excess usage subsequent to subscriber invoicing, we estimate the unbilled portion based on the usage that the handset had during the part of the month already billed, and we use this actual usage to estimate the unbilled usage for the rest of the month taking into consideration working days and seasonality. Our estimates are based on our experience in each market. We periodically evaluate our estimates by comparing them to actual excess usage revenue billed the following month. While our estimates have been consistent with our actual results, actual usage in future periods could differ from our estimates.
Other revenues primarily include amounts generated from our handset maintenance programs, roaming revenues generated from other companies’ subscribers that roam on our networks and co-location rental revenues from third party tenants that rent space on our towers. We recognize revenue generated from our handset maintenance programs on a monthly basis at fixed amounts over the service period. We recognize roaming revenues at contractual rates per minute as minutes are used. We recognize co-location revenues from third party tenants on a monthly basis based on the terms set by the underlying agreements.
Revenue Based Taxes Policy [Policy Text Block]
Revenue-Based Taxes.  We record revenue-based taxes and other excise taxes on a gross basis as a component of both service and other revenues and selling, general and administrative expenses in our consolidated financial statements. For the years ended December 31, 2014, 2013 and 2012, we had $120.6 million, $166.0 million and $211.5 million, respectively, in revenue-based taxes and other excise taxes.
Receivables, Policy [Policy Text Block]
Accounts Receivable. Accounts receivable represents amounts due from subscribers, net of an allowance for doubtful accounts, and includes amounts that have been billed to customers and amounts that have not yet been billed. Trade accounts receivable consists of fixed monthly charges, as well as charges for excess and roaming minutes used in arrears.
Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block]
Allowance for Doubtful Accounts.  We establish an allowance for doubtful accounts receivable sufficient to cover probable and reasonably estimated losses. We estimate this allowance based on historical experience, aging of accounts receivable and individual subscriber payment history. While we believe that the estimates we use are reasonable, actual results could differ from those estimates.
Subscriber Related Direct Costs [Policy Text Block]
Subscriber Related Direct Costs.  We recognize all costs of handset sales when title and risk of loss passes upon delivery of the handset to the subscriber.
Advertising Costs, Policy [Policy Text Block]
Advertising Costs.  We expense costs related to advertising and other promotional expenditures as incurred. Advertising costs totaled $146.9 million, $142.5 million and $159.8 million during the years ended December 31, 2014, 2013 and 2012, respectively.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]
Stock-Based Compensation.  We measure and recognize compensation expense for all stock-based compensation awards based on estimated fair values. We account for share-based awards exchanged for employee services in accordance with the authoritative guidance for stock compensation. Under the guidance, stock compensation expense is measured at the grant date, based on the estimated fair value of the award when settled in shares, and is recognized, net of estimated forfeitures, over the employee's requisite service period. Compensation expense is amortized on a straight-line basis over the requisite service period for the entire award, which is generally the maximum vesting period of the award. Our stock options and restricted shares generally vest thirty-three percent per year over a three-year period. See Note 14 for more information.
Earnings Per Share, Policy [Policy Text Block]
Net Loss Per Common Share, Basic and Diluted.  Basic net loss per common share is computed by dividing adjusted net loss attributable to common shares by the weighted average number of common shares outstanding for the period. Diluted net loss per common share reflects the potential dilution of securities that could participate in our earnings, but not securities that are antidilutive, including stock options with an exercise price greater than the average market price of our common stock.
Our unvested restricted stock awards, or RSAs, contain non-forfeitable rights to dividends, whether paid or unpaid. As a result, our RSAs are considered participating securities because their holders have the right to participate in earnings with common stockholders. We use the two-class method to allocate net income between common shares and other participating securities.
As presented for the years ended December 31, 2014, 2013 and 2012, our calculation of diluted net loss per common share is based on the weighted average number of common shares outstanding during the period and does not include other potential common shares, including shares issuable upon the potential exercise of stock options under our stock-based employee compensation plans or restricted common shares issued under those plans. In addition, for the years ended December 31, 2014, 2013 and 2012, we did not include 5.4 million, 10.8 million or 16.8 million stock options, respectively, and 0.9 million, 2.8 million or 2.0 million in restricted stock, respectively, in our calculation of diluted net loss per common share because their effect would have been antidilutive to our net loss per common share for those periods.
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
The components of our accumulated other comprehensive loss, net of taxes, are as follows:
 
December 31, 2014
 
December 31, 2013
 
(in thousands)
Cumulative foreign currency translation adjustment
$
(1,326,003
)
 
$
(951,271
)
Other
(5,350
)
 
(4,806
)
 
$
(1,331,353
)
 
$
(956,077
)
Reclassification, Policy [Policy Text Block]
Reclassifications. We have reclassified some prior period amounts in our consolidated financial statements to conform to our current year presentation.
New Accounting Pronouncements, Policy [Policy Text Block]
New Accounting Pronouncements.  On May 28, 2014, the Financial Accounting Standards Board, or the FASB, issued new authoritative guidance surrounding revenue recognition, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. This new authoritative guidance will replace most existing revenue recognition guidance when it becomes effective. The new standard is effective on January 1, 2017, and early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. We are evaluating the effect that the new revenue recognition guidance will have on our consolidated financial statements and related disclosures. We have not yet selected a transition method nor have we determined the effect of the standard on our ongoing financial reporting.
On April 10, 2014, the FASB issued new authoritative guidance surrounding discontinued operations and disclosures of components of an entity, which updates the definition of discontinued operations. Going forward only those disposals of components of an entity that represent a strategic shift that has or will have a major effect on an entity's operations and financial results will be reported as discontinued operations in a company's financial statements. The new standard is effective for disposals of components of an entity that occur within annual periods beginning on or after December 15, 2014, and early adoption is permitted. We intend to adopt this standard in the first quarter of 2015. We do not expect the adoption of this standard to have a material impact on our financial statements.
On August 27, 2014, the FASB issued new authoritative guidance surrounding the evaluation and disclosures of uncertainties about an entity's ability to continue as a going concern. The new guidance requires management to perform an assessment of going concern and, under certain circumstances, disclose information regarding this assessment in the footnotes to the financial statements.  The new standard is effective for periods beginning after December 15, 2016. We intend to adopt this standard in the first quarter of 2017. We do not expect the adoption of this standard to have a material impact on our financial statements.
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet27.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Balance Sheet Details Restricted Cash (Policies)
 12 Months Ended
Dec. 31, 2014
Cash and Cash Equivalents [Abstract]
Restricted Cash Policy [Policy Text Block]
Restricted Cash.  
As of December 31, 2014, we had $107.8 million in restricted cash, the majority of which was included in other long-term assets and was comprised of cash held in escrow in connection with the sale of Nextel Peru, judicial deposits in Nextel Brazil and a debt service reserve account related to Nextel Mexico's equipment financing facility.
As of December 31, 2013, we had $120.5 million in restricted cash, the majority of which was included in other long-term assets and was comprised of cash held in escrow in connection with the sale of Nextel Peru, a debt service reserve account related to Nextel Mexico's equipment financing facility, judicial deposits in Nextel Brazil, purchase commitments for handsets and cash collateral supporting the lease of our corporate headquarters.
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet28.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Chapter 11 Bankruptcy Proceedings Chapter 11 Proceedings (Tables)
 12 Months Ended
Dec. 31, 2014
Text Block [Abstract]
Condensed Combined Statement Of Cash Flows [Table Text Block]
NII HOLDINGS, INC. AND CERTAIN SUBSIDIARIES (DEBTORS-IN-POSSESSION) (1)
CONDENSED COMBINED STATEMENT OF CASH FLOWS
(in thousands)

 
Year Ended December 31,
 
2014
 
 
Cash flows from operating activities:
 

Net loss
$
(1,957,698
)
Adjustments to reconcile net loss to net cash used in operating activities
1,606,769

Net cash used in operating activities
(350,929
)
Cash flows from investing activities:
 

Capital expenditures
(7,012
)
Proceeds from sales of fixed assets
32,390

Proceeds from sales of investments
198,007

Intercompany long-term loans
(542,000
)
Investments in and advances to non-debtor subsidiaries
(124,532
)
Changes in restricted cash
25,300

Net cash used in investing activities
(417,847
)
Cash flows from financing activities:
 

Repayments under capital lease and other
(42,414
)
Other, net
(396
)
Net cash used in financing activities
(42,810
)
Net decrease in cash and cash equivalents
(811,586
)
Cash and cash equivalents, beginning of year
1,133,276

Cash and cash equivalents, end of year
$
321,690
Condensed Combined Statement Of Comprehensive Loss [Table Text Block]
NII HOLDINGS, INC. AND CERTAIN SUBSIDIARIES (DEBTORS-IN-POSSESSION) (1)
CONDENSED COMBINED STATEMENT OF COMPREHENSIVE LOSS
(in thousands)


 
Year Ended December 31,
 
2014
 
 
Operating revenues
$
351

Operating expenses
 

Selling, general and administrative
148,538

Impairment and restructuring charges
63,393

Management fee and other
(49,010
)
Depreciation and amortization
19,309

 
182,230

Operating loss
(181,879
)
Other expense
 

Interest expense, net
(287,630
)
Intercompany interest expense
(50
)
Interest income
900

Intercompany interest income
34,507

Equity in losses of non-debtor subsidiaries
(1,460,247
)
Other income, net
8,302

 
(1,704,218
)
Loss before reorganization items and income tax provision
(1,886,097
)
Reorganization items
(71,601
)
Income tax provision
—

Net loss
$
(1,957,698
)
 
 
Comprehensive loss, net of income taxes
 
  Foreign currency translation adjustment
$
(340,847
)
  Reclassification adjustment for sale of Nextel Chile
(33,885
)
  Other
(544
)
  Other comprehensive loss
(375,276
)
  Net loss
(1,957,698
)
    Total comprehensive loss
$
(2,332,974
)
Condensed Combined Balance Sheet [Table Text Block]
NII HOLDINGS, INC. AND CERTAIN SUBSIDIARIES (DEBTORS-IN-POSSESSION) (1)
CONDENSED COMBINED BALANCE SHEET
(in thousands)

 
December 31,
2014
 
 
ASSETS
Current assets
 
Cash and cash equivalents
$
321,690

Short-term intercompany receivables
127,215

Accounts receivable, prepaid expenses and other
16,584

Total current assets
465,489

Property, plant and equipment, net
48,167

Intangible assets, net
18,000

Investments in and advances to non-debtor subsidiaries
423,163

Long-term intercompany receivables
1,712,199

Other assets
1,339

Total assets
$
2,668,357

LIABILITIES AND STOCKHOLDERS’ DEFICIT
Liabilities not subject to compromise
 
Current liabilities
 

Accounts payable
$
1,996

Accrued expenses and other
20,257

Total current liabilities
22,253

   Other long-term liabilities
4,805

Total liabilities not subject to compromise
27,058

Liabilities subject to compromise
4,593,493

Intercompany liabilities subject to compromise
12,570

Total liabilities
4,633,121

Total stockholders’ deficit
(1,964,764
)
Total liabilities and stockholders’ deficit
$
2,668,357
Liabilities Subject to Compromise, Description
The components of our liabilities subject to compromise are as follows (in thousands):
 
December 31,
2014
7.625% Capital Corp. senior notes due 2021
$
1,450,000

8.875% Capital Corp. senior notes due 2019
500,000

10.0% Capital Corp. senior notes due 2016
800,000

7.875% NII International Telecom S.C.A. senior notes due 2019
700,000

11.375% NII International Telecom S.C.A. senior notes due 2019
900,000

    Total debt subject to compromise
4,350,000

Accrued interest on debt subject to compromise
203,010

Accounts payable
3,644

Accrued expenses and other
36,839

    Total liabilities subject to compromise
$
4,593,493
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet29.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Summary of Significant Accounting Policies Supplemental Cash Flow Information (Tables)
 12 Months Ended
Dec. 31, 2014
Supplemental Cash Flow Elements [Abstract]
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]
Supplemental Cash Flow Information.
 
Year Ended December 31,
 
2014
 
2013
 
2012
 
(in thousands)
Capital expenditures
 

 
 

 
 

Cash paid for capital expenditures, including capitalized interest
$
612,161

 
$
620,895

 
$
953,882

Change in capital expenditures accrued and unpaid or financed, including
  accreted interest capitalized
(183,741
)
 
251,199

 
351,814

 
$
428,420

 
$
872,094

 
$
1,305,696

Interest costs
 

 
 

 
 

Interest expense, net
$
449,345

 
$
526,530

 
$
359,795

Interest capitalized
32,541

 
78,254

 
127,189

 
$
481,886

 
$
604,784

 
$
486,984

Acquisitions of assets and business combinations
 

 
 

 
 

Fair value of licenses and other assets acquired
$
31,861

 
$
53,066

 
$
100,185

Less: liabilities assumed and deferred tax liabilities incurred
—

 
—

 
—

Less: cash acquired
—

 
—

 
—

 
$
31,861

 
$
53,066

 
$
100,185

Cash paid for interest, net of amounts capitalized
$
310,230

 
$
389,064

 
$
290,131

Cash paid for income taxes
$
24,544

 
$
39,292

 
$
269,597

For the year ended December 31, 2014, we had $319.6 million in non-cash financing, primarily related to capital lease obligations recognized in Brazil and Mexico in connection with the leaseback of communication towers and borrowings under our equipment financing facility in Mexico. For the year ended December 31, 2013 and 2012, we had $213.5 million and $194.5 million, respectively, in non-cash financing, primarily related to borrowings under our equipment financing facilities in Mexico, the short-term financing of imported handsets and infrastructure in Brazil and co-location capital lease obligations on our communication towers in Brazil and Mexico.
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet30.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Summary of Significant Accounting Policies Asset Retirement Obligations (Tables)
 12 Months Ended
Dec. 31, 2014
Asset Retirement Obligation Disclosure [Abstract]
Schedule of Asset Retirement Obligations [Table Text Block]
As of December 31, 2014 and 2013, our asset retirement obligations were as follows (in thousands):
 
2014
 
2013
Balance, January 1
$
49,879

 
$
102,465

New asset retirement obligations
8,718

 
18,292

Change in assumptions
(2,096
)
 
(75,900
)
Accretion
6,531

 
17,171

Settlement of asset retirement obligations
(9,844
)
 
323

Foreign currency translation and other
(9,650
)
 
(12,472
)
Balance, December 31
$
43,538

 
$
49,879
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet31.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Impairments and Restructuring Charges (Tables)
 12 Months Ended
Dec. 31, 2014
Asset Impairment, Restructuring And Related Activities [Abstract]
Impairment and Restructuring Charges
Total impairment and restructuring charges for the years ended December 31, 2014, 2013 and 2012 were as follows (in thousands):
 
December 31,
 
2014
 
2013
 
2012
Brazil
$
41,492

 
$
24,515

 
$
2,437

Mexico
26,256

 
39,057

 
439

Argentina
89,601

 
7,908

 
73

Corporate
63,393

 
97,063

 
27,452

  Total impairment and restructuring charges
$
220,742

 
$
168,543

 
$
30,401
Restructuring and Related Costs [Table Text Block]
As of December 31, 2014, the total of our accrued restructuring charges that we expect to pay in 2015 were as follows (in thousands):
Balance, January 1, 2014
$
15,410

  Restructuring charges
56,260

  Cash payments
(63,420
)
Balance, December 31, 2014
$
8,250
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet32.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]
Major Components of Loss from Discontinued Operations, Assets and Liabilities Classified as Held for Sale
The major components of loss from discontinued operations related to Nextel Chile and Nextel Peru were as follows (in thousands):
 
Year Ended December 31,
 
2014
 
2013
 
2012
Operating revenues
$
38,596

 
$
265,979

 
$
393,227

Operating expenses
(228,578
)
 
(443,166
)
 
(1,010,229
)
Other expense, net
(19,989
)
 
(34,576
)
 
(2,443
)
Loss before income tax provision
(209,971
)
 
(211,763
)
 
(619,445
)
Income tax provision
—

 
(900
)
 
(63,965
)
 
(209,971
)
 
(212,663
)
 
(683,410
)
Gain (loss) on disposal of Nextel Chile and Nextel Peru
29,585

 
(2,848
)
 
—

Loss from discontinued operations, net of income taxes
$
(180,386
)
 
$
(215,511
)
 
$
(683,410
)
Schedule of Discontinued Operations, Balance Sheet [Table Text Block]
The components of assets and liabilities related to discontinued operations as of December 31, 2013, all of which related to Nextel Chile, consisted of the following (in thousands):

 
December 31, 2013
ASSETS
Cash and cash equivalents
$
3,448

Accounts receivable, net of allowance for doubtful accounts of $6,762
11,157

Handset and accessory inventory
5,965

Prepaid expenses and other
38,526

Property, plant and equipment, net
50,515

Intangible assets, net
13,300

Other assets
46,020

    Total assets
$
168,931

LIABILITIES
Accounts payable
$
22,928

Accrued expenses and other
13,841

Other long-term liabilities
5,326

    Total liabilities
$
42,095
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet33.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Property, Plant and Equipment (Tables)
 12 Months Ended
Dec. 31, 2014
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Components
The components of our property, plant and equipment are as follows:
 
December 31,
 
2014
 
2013
 
(in thousands)
Land
$
6,777

 
$
7,663

Building and leasehold improvements
137,235

 
190,258

Network equipment, communication towers and network software
4,074,786

 
4,735,361

Software, office equipment, furniture and fixtures and other
678,300

 
753,665

Corporate aircraft
—

 
42,747

Less: Accumulated depreciation and amortization
(2,669,566
)
 
(2,907,939
)
 
2,227,532

 
2,821,755

Construction in progress
205,401

 
515,790

 
$
2,432,933

 
$
3,337,545
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet34.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2014
Finite-Lived Intangible Assets, Net [Abstract]
Intangible Assets
Our intangible assets include the following:
 
December 31, 2014
 
December 31, 2013
 
Gross Carrying
Value
 
Accumulated
Amortization
 
Net Carrying
Value
 
Gross Carrying
Value
 
Accumulated
Amortization
 
Net Carrying
Value
 
 
 
 
 
(in thousands)
 
 
 
 
 
 
Amortizable intangible assets:
 

 
 

 
 

 
 

 
 

 
 

Licenses
$
1,091,405

 
$
(287,281
)
 
$
804,124

 
$
1,205,450

 
$
(243,081
)
 
$
962,369

Total amortizable intangible assets
$
1,091,405

 
$
(287,281
)
 
$
804,124

 
$
1,205,450

 
$
(243,081
)
 
$
962,369
Estimated Amortization Expense
Based on the carrying amount of intangible assets as of December 31, 2014 and current exchange rates, we estimate amortization expense for each of the next five years to be as follows (in thousands):
Years
Estimated Amortization Expense
2015
$
75,922

2016
75,922

2017
75,922

2018
75,922

2019
75,922
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet35.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Balance Sheet Details (Tables)
 12 Months Ended
Dec. 31, 2014
 Dec. 31, 2013
Balance Sheet Related Disclosures [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
The components of our accumulated other comprehensive loss, net of taxes, are as follows:
 
December 31, 2014
 
December 31, 2013
 
(in thousands)
Cumulative foreign currency translation adjustment
$
(1,326,003
)
 
$
(951,271
)
Other
(5,350
)
 
(4,806
)
 
$
(1,331,353
)
 
$
(956,077
)
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]
Supplemental Cash Flow Information.
 
Year Ended December 31,
 
2014
 
2013
 
2012
 
(in thousands)
Capital expenditures
 

 
 

 
 

Cash paid for capital expenditures, including capitalized interest
$
612,161

 
$
620,895

 
$
953,882

Change in capital expenditures accrued and unpaid or financed, including
  accreted interest capitalized
(183,741
)
 
251,199

 
351,814

 
$
428,420

 
$
872,094

 
$
1,305,696

Interest costs
 

 
 

 
 

Interest expense, net
$
449,345

 
$
526,530

 
$
359,795

Interest capitalized
32,541

 
78,254

 
127,189

 
$
481,886

 
$
604,784

 
$
486,984

Acquisitions of assets and business combinations
 

 
 

 
 

Fair value of licenses and other assets acquired
$
31,861

 
$
53,066

 
$
100,185

Less: liabilities assumed and deferred tax liabilities incurred
—

 
—

 
—

Less: cash acquired
—

 
—

 
—

 
$
31,861

 
$
53,066

 
$
100,185

Cash paid for interest, net of amounts capitalized
$
310,230

 
$
389,064

 
$
290,131

Cash paid for income taxes
$
24,544

 
$
39,292

 
$
269,597

For the year ended December 31, 2014, we had $319.6 million in non-cash financing, primarily related to capital lease obligations recognized in Brazil and Mexico in connection with the leaseback of communication towers and borrowings under our equipment financing facility in Mexico. For the year ended December 31, 2013 and 2012, we had $213.5 million and $194.5 million, respectively, in non-cash financing, primarily related to borrowings under our equipment financing facilities in Mexico, the short-term financing of imported handsets and infrastructure in Brazil and co-location capital lease obligations on our communication towers in Brazil and Mexico.
Schedule of Prepaid Assets and Other Disclosure [Table Text Block]
Prepaid Expenses and Other.

The components are as follows:
 
December 31,
 
2014
 
2013
 
(in thousands)
Value-added taxes
$
137,699

 
$
207,951

Income taxes
19,632

 
59,054

Other prepaid assets
97,573

 
90,108

Other current assets
74,293

 
40,461

 
$
329,197

 
$
397,574
Accrued Expenses and Other
Accrued Expenses and Other.
The components are as follows:
 
December 31,
 
2014
 
2013
 
(in thousands)
Capital expenditures
$
106,295

 
$
290,036

Non-income based taxes
87,127

 
114,360

Payroll related items and commissions
66,598

 
89,435

Network system and information technology
62,229

 
92,109

Accrued interest
10,574

 
128,509

Other
230,165

 
244,610

 
$
562,988

 
$
959,059
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet36.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Debt (Tables)
 12 Months Ended
Dec. 31, 2014
Debt [Abstract]
Debt
 
December 31,
 
2014
 
2013
 
(in thousands)
NII Capital Corp. senior notes, net
$
—

 
$
2,729,321

NII International Telecom, S.C.A. senior notes, net
—

 
1,609,962

Bank loans
343,915

 
444,268

Brazil equipment financing
366,937

 
352,725

Mexico equipment financing
322,993

 
300,832

Mexico capital lease and tower financing obligations
264,130

 
194,227

Brazil capital lease and tower financing obligations
213,163

 
122,499

Corporate aircraft capital lease
—

 
35,736

Other
1,254

 
3,901

Total debt
1,512,392

 
5,793,471

Less: current portion
(777,569
)
 
(96,839
)
 
$
734,823

 
$
5,696,632
Annual Maturities of Long Term Debt Outstanding
Debt Maturities.  
Because we were unable to meet the financial covenants in our bank loans in Brazil as of the compliance date on December 31, 2014 and because of the associated cross-default provisions included in Nextel Brazil's equipment financing facility, we classified the principal amounts outstanding under these facilities as due in 2015 for purposes of the table below. For the years subsequent to December 31, 2014, scheduled annual maturities of all debt outstanding, excluding the obligations evidenced by the NII Capital Corp. and NIIT senior notes, which are included in liabilities subject to compromise on our consolidated balance sheet as of December 31, 2014, are as follows (in thousands):
Year
Principal Repayments
2015
$
777,569

2016
71,376

2017
77,014

2018
67,416

2019
62,337

Thereafter
456,680

Total
$
1,512,392
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet37.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2014
Fair Value Measurements
Debt
The carrying amounts and estimated fair values of our debt instruments are as follows:
 
December 31,
 
2014
 
2013
 
Carrying
Amount
 
Estimated
Fair Value
 
Carrying
Amount
 
Estimated
Fair Value
 
(in thousands)
NII Capital Corp. senior notes, net (1)
$
2,750,000

 
$
648,500

 
$
2,729,321

 
$
1,227,950

NII International Telecom, S.C.A. senior notes, net (1)
1,600,000

 
1,166,500

 
1,609,962

 
1,271,370

Equipment financing
689,930

 
620,125

 
653,557

 
620,173

Bank loans and other
345,169

 
275,653

 
448,169

 
373,796

 
$
5,385,099

 
$
2,710,778

 
$
5,441,009

 
$
3,493,289
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet38.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2014
Commitments and Contingencies [Abstract]
Future Minimum Payments for Capital and Operating Lease Obligations
For years subsequent to December 31, 2014, future minimum payments for all capital and operating lease obligations that have initial noncancelable lease terms exceeding one year, net of rental income, are as follows (in thousands):
 
Capital
Leases
 
Operating
Leases
 
Total
2015
$
166,655

 
$
219,767

 
$
386,422

2016
168,602

 
225,041

 
393,643

2017
170,590

 
189,730

 
360,320

2018
139,081

 
163,151

 
302,232

2019
119,774

 
141,833

 
261,607

Thereafter
1,581,487

 
1,025,445

 
2,606,932

Total minimum lease payments
2,346,189

 
1,964,967

 
4,311,156

Less: imputed interest
(1,868,897
)
 
—

 
(1,868,897
)
Total
$
477,292

 
$
1,964,967

 
$
2,442,259
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet39.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2014
Income Taxes [Abstract]
Income Tax Provision
 
Year Ended December 31,
 
2014
 
2013
 
2012
Current:
 

 
 

 
 

Federal
$
—

 
$
—

 
$
727

State, net of Federal tax benefit
—

 
—

 
—

Foreign
(25,638
)
 
(63,982
)
 
(176,748
)
Total current income tax provision
(25,638
)
 
(63,982
)
 
(176,021
)
Deferred:
 

 
 

 
 

Federal
(1,846
)
 
(1,310
)
 
895

State, net of Federal tax benefit
(205
)
 
(146
)
 
100

Foreign
(46,402
)
 
(380,614
)
 
16,882

Total deferred income tax (provision) benefit
(48,453
)
 
(382,070
)
 
17,877

Total income tax provision
$
(74,091
)
 
$
(446,052
)
 
$
(158,144
)
Reconciliation of the U.S. Statutory Federal Income Tax Rate to Effective Tax Rate
A reconciliation of the U.S. statutory Federal income tax rate to our effective tax rate as a percentage of (loss) income from continuing operations before reorganization items and income tax provision is as follows:
 
Year Ended
December 31,
 
2014
 
2013
 
2012
Statutory Federal tax rate
35%
 
35%
 
35%
Effect of foreign operations
(3)
 
(3)
 
7
Change in deferred tax asset valuation allowance
(36)
 
(81)
 
160
Intercompany transactions
(1)
 
(3)
 
9
Tax on subpart F income
—
 
—
 
11
Withholding tax
—
 
(2)
 
42
Deductible dividends
—
 
3
 
(42)
Inflation adjustments
1
 
1
 
(17)
Income tax credits
—
 
—
 
(3)
Local statutory investment loss
—
 
6
 
—
Other nondeductible expenses
(1)
 
—
 
6
Other
1
 
(1)
 
(1)
Effective tax rate
(4)%
 
(45)%
 
207%
Deferred Tax Assets and Liabilities
components of our deferred tax assets and liabilities consist of the following:
 
December 31,
 
2014
 
2013
 
(in thousands)
Deferred tax assets:
 

 
 

Net operating losses and capital loss carryforwards
$
4,354,474

 
$
3,922,944

Allowance for doubtful accounts
41,724

 
34,587

Accrued expenses
193,251

 
151,131

Accrual for contingent liabilities
21,944

 
22,117

Property, plant and equipment
153,036

 
36,784

Capital lease obligations
175,498

 
300,141

Deferred revenue
37,730

 
35,179

Equity compensation
69,172

 
71,171

Inventory reserve
25,642

 
22,548

Debt discount
16,511

 
—

Other
52,016

 
41,116

 
5,140,998

 
4,637,718

  Valuation allowance
(4,868,504
)
 
(4,335,913
)
  Total deferred tax asset
272,494

 
301,805

Deferred tax liabilities:
 

 
 

Intangible assets
42,036

 
48,162

Unremitted foreign earnings
54,386

 
54,386

Deferred revenue
39,492

 
44,126

Property, plant and equipment
33,915

 
96,613

Capital lease obligation
107,491

 
—

Other
2,773

 
15,123

Total deferred tax liability
280,093

 
258,410

Net deferred tax (liability) asset
$
(7,599
)
 
$
43,395
Deferred Tax Asset Valuation Allowance
December 31, 2014 and 2013 are as follows:
 
2014
 
2013
 
(in millions)
Argentina
$
49.1

 
$
—

Brazil
584.1

 
419.1

U.S. 
480.3

 
363.8

Luxembourg
3,169.2

 
3,131.4

Mexico
318.2

 
190.7

Spain
267.6

 
230.9

Total
$
4,868.5

 
$
4,335.9
Unrecognized Tax Benefits
2014, 2013 and 2012 (in thousands):
 
Year Ended December 31,
 
2014
 
2013
 
2012
Unrecognized tax benefits at January 1
$
8,686

 
$
35,639

 
$
35,572

Additions for current year tax positions
—

 
—

 
3,118

Reductions for current year tax positions
—

 
—

 
(551
)
Reductions for prior year tax positions
—

 
(26,519
)
 
(2,197
)
Foreign currency translation adjustment
(350
)
 
(434
)
 
(303
)
Unrecognized tax benefits at December 31
$
8,336

 
$
8,686

 
$
35,639
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet40.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Employee Stock and Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2014
Share-based Compensation, Allocation and Classification in Financial Statements [Abstract]
Summary of Stock Option Activity Under All Plans
The following table summarizes stock option activity for the year ended December 31, 2014:
 
Number of
Options
 
Weighted Average
Exercise Price
per Option
 
Weighted Average
Remaining Life
 
Aggregate Intrinsic
Value
Outstanding, December 31, 2013
11,259,868

 
$
36.20

 
 

 
 

Granted
1,752,921

 
0.86

 
 

 
 

Exercised
—

 
—

 
 

 
 

Forfeited
(6,978,638
)
 
35.63

 
 

 
 

Outstanding, December 31, 2014
6,034,151

 
26.57

 
5.71

 
$
—

Exercisable, December 31, 2014
3,996,673

 
38.55

 
4.04

 
—
Assumptions in Option Pricing Model
The weighted average fair value of the stock option awards on their grant dates using the Black-Scholes-Merton option-pricing model was less than $0.01 for each option granted during the year ended December 31, 2014, $4.64 for each option granted during the year ended December 31, 2013 and $7.31 for each option granted during the year ended December 31, 2012 based on the following assumptions:
 
2014
 
2013
 
2012
Risk free interest rate
1.60% - 1.63%
 
0.63% - 1.49%
 
0.62% - 0.95%
Expected stock price volatility
69.53% - 96.99%
 
56.56% - 69.53%
 
50.00% - 56.56%
Expected term in years
4.78 - 4.81
 
4.78 - 4.81
 
4.65 - 4.78
Expected dividend yield
—
 
—
 
—
Summary of the Status of Non-Vested Restricted Stock Awards
Following is a summary of our restricted stock:
 
Number of
Shares
 
Weighted Average
Grant Date
Fair Value
Per Share
Restricted stock awards as of December 31, 2013
3,919,485

 
$12.99
Granted
3,605,538

 
0.85
Vested
(1,140,667
)
 
16.80
Forfeited
(2,294,608
)
 
7.69
Restricted stock awards as of December 31, 2014
4,089,748

 
3.75
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet41.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Segment Information (Tables)
 12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]
Segment Reporting Information
 
Brazil
 
Mexico
 
Argentina
 
Corporate and Eliminations
 
Consolidated
 
(in thousands)
Year Ended December 31, 2014
 

 
 

 
 

 
 

 
 

Operating revenues
$
1,848,918

 
$
1,417,163

 
$
424,972

 
$
(2,333
)
 
$
3,688,720

Segment (losses) earnings
$
(133,691
)
 
$
(90,481
)
 
$
76,241

 
$
(144,733
)
 
$
(292,664
)
Less:
 

 
 

 
 

 
 

 
 

Impairment and restructuring charges
 
 
 
 
 
 
 
 
(220,742
)
Gain on sale of towers
 
 
 
 
 
 
 
 
74,631

Depreciation and amortization
 

 
 

 
 

 
 

 
(672,705
)
Foreign currency transaction losses, net
 

 
 

 
 

 
 

 
(130,499
)
Interest expense and other, net
 

 
 

 
 

 
 

 
(389,641
)
Loss from continuing operations before reorganization items and income tax provision
 

 
 

 
 

 
 

 
$
(1,631,620
)
Capital expenditures
$
218,855

 
$
168,750

 
$
26,308

 
$
14,507

 
$
428,420

Year Ended December 31, 2013
 

 
 

 
 

 
 

 
 

Operating revenues
$
2,208,034

 
$
1,872,697

 
$
636,448

 
$
(5,612
)
 
$
4,711,567

Segment earnings (losses)
$
311,129

 
$
179,896

 
$
179,418

 
$
(177,578
)
 
$
492,865

Less:
 

 
 

 
 

 
 

 
 

Impairment and restructuring charges
 
 
 
 
 
 
 
 
(168,543
)
Depreciation and amortization
 

 
 

 
 

 
 

 
(692,927
)
Foreign currency transaction losses, net
 

 
 

 
 

 
 

 
(123,369
)
Interest expense and other, net
 

 
 

 
 

 
 

 
(496,062
)
Loss from continuing operations before income tax provision
 

 
 

 
 

 
 

 
$
(988,036
)
Capital expenditures
$
461,458

 
$
375,522

 
$
21,183

 
$
13,931

 
$
872,094

Year Ended December 31, 2012
 

 
 

 
 

 
 

 
 

Operating revenues
$
2,902,350

 
$
2,109,573

 
$
685,201

 
$
(3,889
)
 
$
5,693,235

Segment earnings (losses)
$
674,632

 
$
561,059

 
$
180,956

 
$
(287,343
)
 
$
1,129,304

Less:
 

 
 

 
 

 
 

 
 

Impairment and restructuring charges
 
 
 
 
 
 
 
 
(30,401
)
Depreciation and amortization
 

 
 

 
 

 
 

 
(605,161
)
Foreign currency transaction losses, net
 

 
 

 
 

 
 

 
(63,330
)
Interest expense and other, net
 

 
 

 
 

 
 

 
(354,107
)
Income from continuing operations before income tax provision
 

 
 

 
 

 
 

 
$
76,305

Capital expenditures
$
632,796

 
$
523,555

 
$
56,825

 
$
92,520

 
$
1,305,696

December 31, 2014
 

 
 

 
 

 
 

 
 

Identifiable assets
$
2,991,959

 
$
1,721,710

 
$
279,714

 
$
437,208

 
$
5,430,591

December 31, 2013
 

 
 

 
 

 
 

 
 

Identifiable assets
$
3,705,642

 
$
2,695,091

 
$
451,041

 
$
1,828,180

(1)
$
8,679,954
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet42.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Data
 
First
 
Second
 
Third
 
Fourth
 
(in thousands, except per share amounts)
2014
 

 
 

 
 

 
 

Operating revenues
$
955,781

 
$
951,981

 
$
926,727

 
$
854,231

Operating loss
(212,290
)
 
(350,553
)
 
(212,900
)
 
(335,737
)
Net loss from continuing operations
(338,270
)
 
(474,983
)
 
(456,753
)
 
(507,306
)
Net (loss) income from discontinued operations
(37,808
)
 
(148,329
)
 
13,306

 
(7,555
)
Net loss from continuing operations, per common share, basic and diluted
$
(1.97
)
 
$
(2.76
)
 
$
(2.65
)
 
$
(2.95
)
Net (loss) income from discontinued operations, per common share, basic and diluted
$
(0.22
)
 
$
(0.86
)
 
$
0.08

 
$
(0.04
)

 
First
 
Second
 
Third
 
Fourth
 
(in thousands, except per share amounts)
2013
 

 
 

 
 

 
 

Operating revenues
$
1,316,716

 
$
1,245,451

 
$
1,085,633

 
$
1,063,767

Operating loss
(44,397
)
 
(40,653
)
 
(127,889
)
 
(155,666
)
Net loss from continuing operations
(153,103
)
 
(316,018
)
 
(259,507
)
 
(705,460
)
Net loss from discontinued operations
(54,400
)
 
(80,334
)
 
(40,434
)
 
(40,343
)
Net loss from continuing operations, per common share, basic and diluted
$
(0.89
)
 
$
(1.83
)
 
$
(1.51
)
 
$
(4.10
)
Net loss from discontinued operations, per common share, basic and diluted
$
(0.32
)
 
$
(0.47
)
 
$
(0.23
)
 
$
(0.23
)
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet43.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Condensed Consolidating Financial Statements (Tables)
 12 Months Ended
Dec. 31, 2014
Condensed Consolidating Financial Statements
Condensed Consolidating Balance Sheet
CONDENSED CONSOLIDATING BALANCE SHEET
As of December 31, 2014
 
NII Holdings,
Inc. (Parent and Guarantor)
 
NII Capital
Corp. (Issuer)(1)
 
Guarantor
Subsidiaries(2)
 
Non-
Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
 
(in thousands)
ASSETS
Current assets
 

 
 

 
 

 
 

 
 

 
 

Cash and cash equivalents
$
106,747

 
$
25,170

 
$
14,505

 
$
427,178

 
$
—

 
$
573,600

Short-term investments
—

 
—

 
—

 
153,612

 
—

 
153,612

Accounts receivable, net
—

 
—

 
290

 
398,388

 
—

 
398,678

Short-term intercompany receivables
27,803

 
65,130

 
99,459

 
7,030

 
(199,422
)
 
—

Handset and accessory inventory
—

 
—

 
—

 
207,633

 
—

 
207,633

Deferred income taxes, net
—

 
—

 
857

 
49,835

 
—

 
50,692

Prepaid expenses and other
7,942

 
—

 
8,352

 
312,903

 
—

 
329,197

Total current assets
142,492

 
90,300

 
123,463

 
1,556,579

 
(199,422
)
 
1,713,412

Property, plant and equipment,
  net
—

 
—

 
48,168

 
2,384,765

 
—

 
2,432,933

Intangible assets, net
18,000

 
—

 
—

 
804,124

 
—

 
822,124

Deferred income taxes, net
—

 
13,561

 
—

 
5,772

 
(13,566
)
 
5,767

Long-term intercompany receivables
1,393,109

 
3,488,284

 
342,883

 
1,354

 
(5,225,630
)
 
—

Other assets
947

 
—

 
392

 
455,016

 
—

 
456,355

Total assets
$
1,554,548

 
$
3,592,145

 
$
514,906

 
$
5,207,610

 
$
(5,438,618
)
 
$
5,430,591

 
 
 
 
 
 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY
Liabilities not subject to compromise
 
 
 
 
 
 
 
 
 
 
 
   Current liabilities
 

 
 

 
 

 
 

 
 

 
 

   Accounts payable
$
—

 
$
—

 
$
1,995

 
$
277,809

 
$
—

 
$
279,804

   Short-term intercompany payables
—

 
9,764

 
4,958

 
182,239

 
(196,961
)
 
—

   Accrued expenses and other
—

 
—

 
18,993

 
544,528

 
(533
)
 
562,988

   Deferred revenues
—

 
—

 
—

 
89,019

 
—

 
89,019

   Current portion of long-term debt
—

 
—

 
—

 
777,569

 
—

 
777,569

   Total current liabilities
—

 
9,764

 
25,946

 
1,871,164

 
(197,494
)
 
1,709,380

   Long-term debt
—

 
—

 
—

 
734,823

 
—

 
734,823

   Deferred income tax liabilities
1,529

 
—

 
14,524

 
55,601

 
(13,566
)
 
58,088

   Long-term intercompany payables
—

 
—

 
—

 
139,206

 
(139,206
)
 
—

   Other long-term liabilities
100

 
—

 
2,217

 
297,254

 
—

 
299,571

   Total liabilities not subject to
      compromise
1,629

 
9,764

 
42,687

 
3,098,048

 
(350,266
)
 
2,801,862

Liabilities subject to compromise
30,584

 
2,858,128

 
9,899

 
1,694,882

 
—

 
4,593,493

Intercompany liabilities subject to compromise
3,487,099

 
115,458

 
1,492,946

 
709,392

 
(5,804,895
)
 
—

Total liabilities subject to compromise
3,517,683

 
2,973,586

 
1,502,845

 
2,404,274

 
(5,804,895
)
 
4,593,493

Total stockholders’ (deficit) equity
(1,964,764
)
 
608,795

 
(1,030,626
)
 
(294,712
)
 
716,543

 
(1,964,764
)
Total liabilities and stockholders’ (deficit) equity
$
1,554,548

 
$
3,592,145

 
$
514,906

 
$
5,207,610

 
$
(5,438,618
)
 
$
5,430,591

_______________________________________
(1)
NII Capital Corp. is the issuer of our 7.625% senior notes due 2021, our 10.0% senior notes due 2016 and our 8.875% senior notes due 2019.
(2)
Represents our subsidiaries that have provided guarantees of the obligations of NII Capital Corp. under our 7.625% senior notes due 2021, our 10.0% senior notes due 2016 and our 8.875% notes due 2019.
CONDENSED CONSOLIDATING BALANCE SHEET
As of December 31, 2013
 
NII Holdings,
Inc. (Parent and Guarantor)
 
NII Capital
Corp. (Issuer)
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
 
 
ASSETS
Current assets
 

 
 

 
 

 
 

 
 

 
 

Cash and cash equivalents
$
356,314

 
$
—

 
$
5,586

 
$
1,368,435

 
$
—

 
$
1,730,335

Short-term investments
—

 
—

 
—

 
585,760

 
—

 
585,760

Accounts receivable, net
—

 
—

 
627

 
510,779

 
—

 
511,406

Short-term intercompany receivables
31,803

 
129,810

 
72,595

 
4,779

 
(238,987
)
 
—

Handset and accessory inventory
—

 
—

 
—

 
336,620

 
—

 
336,620

Deferred income taxes, net
—

 
—

 
1,145

 
126,250

 
—

 
127,395

Prepaid expenses and other
6,832

 
—

 
7,914

 
382,828

 
—

 
397,574

Assets related to discontinued operations
—

 
—

 
—

 
59,096

 
—

 
59,096

Total current assets
394,949

 
129,810

 
87,867

 
3,374,547

 
(238,987
)
 
3,748,186

Property, plant and equipment, net
—

 
—

 
130,729

 
3,207,103

 
(287
)
 
3,337,545

Investments in and advances to affiliates
1,867,753

 
1,503,202

 
1,562,080

 
—

 
(4,933,035
)
 
—

Intangible assets, net
18,000

 
—

 
—

 
962,369

 
—

 
980,369

Deferred income taxes, net
16,025

 
—

 
—

 
26,716

 
(16,028
)
 
26,713

Long-term intercompany receivables
1,474,658

 
3,714,760

 
701,680

 
1,354

 
(5,892,452
)
 
—

Other assets
29,381

 
32,556

 
15,383

 
399,986

 
—

 
477,306

Assets related to discontinued operations
—

 
—

 
—

 
109,835

 
—

 
109,835

Total assets
$
3,800,766

 
$
5,380,328

 
$
2,497,739

 
$
8,081,910

 
$
(11,080,789
)
 
$
8,679,954

 
 
 
 
 
 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
 

 
 

 
 

 
 

 
 

 
 

Accounts payable
$
—

 
$
—

 
$
727

 
$
345,401

 
$
—

 
$
346,128

Short-term intercompany payables
464,798

 
132,007

 
1,485,835

 
159,322

 
(2,241,962
)
 
—

Accrued expenses and other
—

 
59,490

 
26,089

 
873,702

 
(222
)
 
959,059

Deferred revenues
—

 
—

 
—

 
127,782

 
—

 
127,782

Current portion of long-term debt
—

 
—

 
1,871

 
94,968

 
—

 
96,839

Deposits related to 2013 sale of towers
—

 
—

 
—

 
720,013

 
—

 
720,013

Liabilities related to discontinued operations
—

 
—

 
—

 
36,769

 
—

 
36,769

Total current liabilities
464,798

 
191,497

 
1,514,522

 
2,357,957

 
(2,242,184
)
 
2,286,590

Long-term debt
23

 
2,729,321

 
33,864

 
2,933,424

 
—

 
5,696,632

Deferred income tax liabilities
3

 
2,950

 
15,384

 
106,682

 
(16,028
)
 
108,991

Long-term intercompany payables
2,950,226

 
—

 
10,390

 
929,990

 
(3,890,606
)
 
—

Other long-term liabilities
30,329

 
—

 
10,248

 
186,451

 
—

 
227,028

Liabilities related to discontinued operations
—

 
—

 
—

 
5,326

 
—

 
5,326

Total liabilities
3,445,379

 
2,923,768

 
1,584,408

 
6,519,830

 
(6,148,818
)
 
8,324,567

Total stockholders’ equity
355,387

 
2,456,560

 
913,331

 
1,562,080

 
(4,931,971
)
 
355,387

Total liabilities and stockholders’ equity
$
3,800,766

 
$
5,380,328

 
$
2,497,739

 
$
8,081,910

 
$
(11,080,789
)
 
$
8,679,954
Condensed Consolidating Statement Of Operations
For the Year Ended December 31, 2014
 
NII Holdings,
Inc. (Parent and Guarantor)
 
NII Capital
Corp. (Issuer)
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
 
(in thousands)
Operating revenues
$
—

 
$
—

 
$
2,143

 
$
3,688,369

 
$
(1,792
)
 
$
3,688,720

Operating expenses
 

 
 

 
 

 
 

 
 

 
 

Cost of revenues (exclusive of
  depreciation and amortization
  included below)
—

 
—

 
—

 
2,282,326

 
—

 
2,282,326

Selling, general and administrative
2,145

 
2,567

 
140,119

 
1,561,410

 
(7,183
)
 
1,699,058

Impairment and restructuring
  charges
—

 
—

 
63,393

 
157,349

 
—

 
220,742

Gain on sale of towers
—

 
—

 
—

 
(74,631
)
 
—

 
(74,631
)
Management fee and other
—

 
—

 
(48,852
)
 
51,672

 
(2,820
)
 
—

Depreciation and amortization
—

 
—

 
19,309

 
653,396

 
—

 
672,705

 
2,145

 
2,567

 
173,969

 
4,631,522

 
(10,003
)
 
4,800,200

Operating loss
(2,145
)
 
(2,567
)
 
(171,826
)
 
(943,153
)
 
8,211

 
(1,111,480
)
Other (expense) income
 

 
 

 
 

 
 

 
 

 
 

Interest expense, net
(570
)
 
(171,646
)
 
(543
)
 
(478,784
)
 
202,198

 
(449,345
)
Intercompany interest expense
(165,324
)
 
—

 
(50
)
 
165,374

 
—

 
—

Interest income
280

 
1

 
9

 
66,135

 
—

 
66,425

Intercompany interest income
411

 
200,467

 
1,317

 
3

 
(202,198
)
 
—

Foreign currency transaction
  losses, net
—

 
—

 
—

 
(130,499
)
 
—

 
(130,499
)
Equity in loss of affiliates
(1,805,438
)
 
(1,593,607
)
 
(1,589,367
)
 
—

 
4,988,412

 
—

Other income (expense), net
8,212

 
—

 
(2
)
 
(7,706
)
 
(7,225
)
 
(6,721
)
 
(1,962,429
)
 
(1,564,785
)
 
(1,588,636
)
 
(385,477
)
 
4,981,187

 
(520,140
)
Loss from continuing operations before reorganization items and income tax benefit (provision)
(1,964,574
)
 
(1,567,352
)
 
(1,760,462
)
 
(1,328,630
)
 
4,989,398

 
(1,631,620
)
Reorganization items
(291
)
 
(45,652
)
 
(13,932
)
 
(11,726
)
 
—

 
(71,601
)
Income tax benefit (provision)
7,167

 
6,747

 
(18,678
)
 
(69,327
)
 
—

 
(74,091
)
Net loss from continuing operations
(1,957,698
)
 
(1,606,257
)
 
(1,793,072
)
 
(1,409,683
)
 
4,989,398

 
(1,777,312
)
Loss from discontinued operations, net of income taxes
—

 
—

 
—

 
(179,686
)
 
(700
)
 
(180,386
)
Net loss
$
(1,957,698
)
 
$
(1,606,257
)
 
$
(1,793,072
)
 
$
(1,589,369
)
 
$
4,988,698

 
$
(1,957,698
)
 
 
 
 
 
 
 
 
 
 
 
 
Comprehensive loss, net of income taxes
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustment
$
(340,847
)
 
$
(342,432
)
 
$
(342,432
)
 
$
(342,432
)
 
$
1,027,296

 
$
(340,847
)
  Reclassification adjustment for
    sale of Nextel Chile
(33,885
)
 
(33,885
)
 
(33,885
)
 
(33,885
)
 
101,655

 
(33,885
)
  Other
(544
)
 
(544
)
 
(544
)
 
(544
)
 
1,632

 
(544
)
  Other comprehensive loss
(375,276
)
 
(376,861
)
 
(376,861
)
 
(376,861
)
 
1,130,583

 
(375,276
)
  Net loss
(1,957,698
)
 
(1,606,257
)
 
(1,793,072
)
 
(1,589,369
)
 
4,988,698

 
(1,957,698
)
    Total comprehensive loss
$
(2,332,974
)
 
$
(1,983,118
)
 
$
(2,169,933
)
 
$
(1,966,230
)
 
$
6,119,281

 
$
(2,332,974
)
For the Year Ended December 31, 2013
 
NII Holdings,
Inc. (Parent and Guarantor)
 
NII Capital
Corp. (Issuer)
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
 
(in thousands)
Operating revenues
$
—

 
$
—

 
$
3,114

 
$
4,711,525

 
$
(3,072
)
 
$
4,711,567

Operating expenses
 

 
 

 
 

 
 

 
 

 
 

Cost of revenues (exclusive of
  depreciation and amortization
  included below)
—

 
—

 
—

 
2,276,929

 
—

 
2,276,929

Selling, general and administrative
3,136

 
—

 
167,180

 
1,779,719

 
(8,262
)
 
1,941,773

Impairments and restructuring
  charges
—

 
—

 
97,063

 
71,480

 
—

 
168,543

Management fee and other
—

 
—

 
(75,116
)
 
106,264

 
(31,148
)
 
—

Depreciation and amortization
—

 
—

 
28,055

 
664,872

 
—

 
692,927

 
3,136

 
—

 
217,182

 
4,899,264

 
(39,410
)
 
5,080,172

Operating loss
(3,136
)
 
—

 
(214,068
)
 
(187,739
)
 
36,338

 
(368,605
)
Other (expense) income
 

 
 

 
 

 
 

 
 

 
 

Interest expense, net
(562
)
 
(240,132
)
 
(1,379
)
 
(284,457
)
 
—

 
(526,530
)
Intercompany interest expense
(234,799
)
 
—

 
(59
)
 
(51,740
)
 
286,598

 
—

Interest income
913

 
—

 
9

 
42,405

 
—

 
43,327

Intercompany interest income
1,340

 
284,709

 
549

 
—

 
(286,598
)
 
—

Foreign currency transaction
  losses, net
—

 
—

 
—

 
(123,369
)
 
—

 
(123,369
)
Equity in loss of affiliates
(1,473,856
)
 
(1,274,274
)
 
(1,269,438
)
 
—

 
4,017,568

 
—

Other income (expense), net
36,017

 
—

 
612

 
(13,150
)
 
(36,338
)
 
(12,859
)
 
(1,670,947
)
 
(1,229,697
)
 
(1,269,706
)
 
(430,311
)
 
3,981,230

 
(619,431
)
Loss from continuing operations before income tax benefit (provision)
(1,674,083
)
 
(1,229,697
)
 
(1,483,774
)
 
(618,050
)
 
4,017,568

 
(988,036
)
Income tax benefit (provision)
24,484

 
(16,548
)
 
(18,111
)
 
(435,877
)
 
—

 
(446,052
)
Net loss from continuing operations
(1,649,599
)
 
(1,246,245
)
 
(1,501,885
)
 
(1,053,927
)
 
4,017,568

 
(1,434,088
)
Loss from discontinued operations, net of income taxes
—

 
—

 
—

 
(215,511
)
 
—

 
(215,511
)
Net loss
$
(1,649,599
)
 
$
(1,246,245
)
 
$
(1,501,885
)
 
$
(1,269,438
)
 
$
4,017,568

 
$
(1,649,599
)
 
 
 
 
 
 
 
 
 
 
 
 
Comprehensive loss, net of income taxes
 
 
 
 
 
 
 
 
 
 
 
  Foreign currency translation
     adjustment
$
(334,893
)
 
$
(335,183
)
 
$
(335,183
)
 
$
(335,183
)
 
$
1,005,549

 
$
(334,893
)
  Other
2,257

 
2,257

 
2,257

 
2,257

 
(6,771
)
 
2,257

  Other comprehensive loss
(332,636
)
 
(332,926
)
 
(332,926
)
 
(332,926
)
 
998,778

 
(332,636
)
  Net loss
(1,649,599
)
 
(1,246,245
)
 
(1,501,885
)
 
(1,269,438
)
 
4,017,568

 
(1,649,599
)
    Total comprehensive loss
$
(1,982,235
)
 
$
(1,579,171
)
 
$
(1,834,811
)
 
$
(1,602,364
)
 
$
5,016,346

 
$
(1,982,235
)
For the Year Ended December 31, 2012

 
NII Holdings,
Inc. (Parent and Guarantor)
 
NII Capital
Corp. (Issuer)
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
 
(in thousands)
Operating revenues
$
—

 
$
—

 
$
3,071

 
$
5,694,718

 
$
(4,554
)
 
$
5,693,235

Operating expenses
 

 
 

 
 

 
 

 
 

 
 

Cost of revenues (exclusive of depreciation and amortization included below)
—

 
—

 
73

 
2,303,419

 
(1,483
)
 
2,302,009

Selling, general and administrative
3,180

 
2

 
309,680

 
1,962,033

 
(12,973
)
 
2,261,922

Impairment and restructuring charges
—

 
—

 
—

 
30,401

 
—

 
30,401

Management fee and other
—

 
—

 
(126,971
)
 
225,202

 
(98,231
)
 
—

Depreciation and amortization
—

 
—

 
36,079

 
569,082

 
—

 
605,161

 
3,180

 
2

 
218,861

 
5,090,137

 
(112,687
)
 
5,199,493

Operating (loss) income
(3,180
)
 
(2
)
 
(215,790
)
 
604,581

 
108,133

 
493,742

Other (expense) income
 

 
 

 
 

 
 

 
 

 
 

Interest expense, net
(23,646
)
 
(229,652
)
 
(2,072
)
 
(104,425
)
 
—

 
(359,795
)
Intercompany interest expense
(215,501
)
 
—

 
—

 
(84,202
)
 
299,703

 
—

Interest income
15,292

 
24,181

 
801

 
(6,489
)
 
—

 
33,785

Intercompany interest income
1

 
261,352

 
186

 
38,164

 
(299,703
)
 
—

Foreign currency transaction losses
—

 
—

 
—

 
(63,330
)
 
—

 
(63,330
)
Equity in loss of affiliates
(639,902
)
 
(443,294
)
 
(434,443
)
 
—

 
1,517,639

 
—

Other income (expense), net
86,324

 
—

 
101

 
(6,389
)
 
(108,133
)
 
(28,097
)
 
(777,432
)
 
(387,413
)
 
(435,427
)
 
(226,671
)
 
1,409,506

 
(417,437
)
(Loss) income before income tax benefit (provision)
(780,612
)
 
(387,415
)
 
(651,217
)
 
377,910

 
1,517,639

 
76,305

Income tax benefit (provision)
15,363

 
(19,731
)
 
(24,833
)
 
(128,943
)
 
—

 
(158,144
)
Net (loss) income from continuing operations
(765,249
)
 
(407,146
)
 
(676,050
)
 
248,967

 
1,517,639

 
(81,839
)
Loss from discontinued operations, net of income taxes
—

 
—

 
—

 
(683,410
)
 
—

 
(683,410
)
Net loss
$
(765,249
)
 
$
(407,146
)
 
$
(676,050
)
 
$
(434,443
)
 
$
1,517,639

 
$
(765,249
)
 
 
 
 
 
 
 
 
 
 
 
 
Comprehensive loss, net of income taxes
 
 
 
 
 
 
 
 
 
 
 
  Foreign currency translation
     adjustment
$
(97,589
)
 
$
(96,593
)
 
$
(96,593
)
 
$
(96,593
)
 
$
289,779

 
$
(97,589
)
  Other
(1,802
)
 
(1,802
)
 
(1,802
)
 
(1,802
)
 
5,406

 
(1,802
)
  Other comprehensive loss
(99,391
)
 
(98,395
)
 
(98,395
)
 
(98,395
)
 
295,185

 
(99,391
)
  Net loss
(765,249
)
 
(407,146
)
 
(676,050
)
 
(434,443
)
 
1,517,639

 
(765,249
)
    Total comprehensive loss
$
(864,640
)
 
$
(505,541
)
 
$
(774,445
)
 
$
(532,838
)
 
$
1,812,824

 
$
(864,640
)
Condensed Consolidating Statement Of Cash Flows
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
For the Year Ended December 31, 2014
 
NII Holdings,
Inc. (Parent and Guarantor)
 
NII Capital
Corp. (Issuer)
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
 
(in thousands)
Cash flows from operating activities:
 

 
 

 
 

 
 

 
 

 
 

Net loss
$
(1,957,698
)
 
$
(1,606,257
)
 
$
(1,793,072
)
 
$
(1,589,369
)
 
$
4,988,698

 
$
(1,957,698
)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities
1,861,773

 
1,631,873

 
1,640,357

 
1,246,260

 
(4,988,698
)
 
1,391,565

Total operating cash (used in) provided by continuing operations
(95,925
)
 
25,616

 
(152,715
)
 
(343,109
)
 
—

 
(566,133
)
Total operating cash used in discontinued operations
—

 
—

 
—

 
(62,583
)
 
—

 
(62,583
)
Net cash (used in) provided by operating activities
(95,925
)
 
25,616

 
(152,715
)
 
(405,692
)
 
—

 
(628,716
)
Cash flows from investing activities:
 

 
 

 
 

 
 

 
 

 
 

Capital expenditures
—

 
—

 
(7,012
)
 
(605,149
)
 
—

 
(612,161
)
Purchases of investments
—

 
—

 
—

 
(1,637,913
)
 
—

 
(1,637,913
)
Proceeds from sales of investments
—

 
—

 
—

 
2,092,459

 
—

 
2,092,459

Changes in restricted cash and escrow accounts
25,300

 
—

 
—

 
(163,127
)
 
—

 
(137,827
)
Investment in subsidiaries
(180,712
)
 
(446
)
 
—

 
—

 
181,158

 
—

Other, net
1,856

 
—

 
32,390

 
(70,488
)
 
(1,856
)
 
(38,098
)
Total investing cash (used in) provided by continuing operations
(153,556
)
 
(446
)
 
25,378

 
(384,218
)
 
179,302

 
(333,540
)
Total investing cash used in discontinued operations
—

 
—

 
—

 
(13,998
)
 
—

 
(13,998
)
Net cash (used in) provided by investing activities
(153,556
)
 
(446
)
 
25,378

 
(398,216
)
 
179,302

 
(347,538
)
Cash flows from financing activities:
 

 
 

 
 

 
 

 
 

 
 

Borrowings under equipment financing and other
—

 
—

 
—

 
14,590

 
—

 
14,590

Repayments under capital leases
—

 
—

 
(42,414
)
 
(6,506
)
 
—

 
(48,920
)
Repayments under equipment financing and other borrowings
—

 
—

 
—

 
(39,243
)
 
—

 
(39,243
)
Payment of line of credit
—

 
—

 
—

 
(54,067
)
 
—

 
(54,067
)
Capital contributions
—

 
20

 
180,525

 
613

 
(181,158
)
 
—

Other, net
(86
)
 
(20
)
 
(1,855
)
 
(527
)
 
1,856

 
(632
)
Net cash (used in) provided by financing activities
(86
)
 
—

 
136,256

 
(85,140
)
 
(179,302
)
 
(128,272
)
Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
—

 
(55,657
)
 
—

 
(55,657
)
Change in cash and cash equivalents related to discontinued operations
—

 
—

 
—

 
3,448

 
—

 
3,448

Net (decrease) increase in cash and cash equivalents
(249,567
)
 
25,170

 
8,919

 
(941,257
)
 
—

 
(1,156,735
)
Cash and cash equivalents, beginning of year
356,314

 
—

 
5,586

 
1,368,435

 
—

 
1,730,335

Cash and cash equivalents, end of year
$
106,747

 
$
25,170

 
$
14,505

 
$
427,178

 
$
—

 
$
573,600

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
For the Year Ended December 31, 2013
 
NII Holdings,
Inc. (Parent and Guarantor)
 
NII Capital
Corp. (Issuer)
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
 
(in thousands)
Cash flows from operating activities:
 

 
 

 
 

 
 

 
 

 
 

Net loss
$
(1,649,599
)
 
$
(1,246,245
)
 
$
(1,501,885
)
 
$
(1,269,438
)
 
$
4,017,568

 
$
(1,649,599
)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities
1,477,932

 
1,298,129

 
1,340,701

 
1,571,997

 
(4,067,478
)
 
1,621,281

Total operating cash (used in) provided by continuing operations
(171,667
)
 
51,884

 
(161,184
)
 
302,559

 
(49,910
)
 
(28,318
)
Total operating cash provided by (used in) discontinued operations
—

 
—

 
1,440

 
(165,573
)
 
—

 
(164,133
)
Net cash (used in) provided by operating activities
(171,667
)
 
51,884

 
(159,744
)
 
136,986

 
(49,910
)
 
(192,451
)
Cash flows from investing activities:
 

 
 

 
 

 
 

 
 

 
 

Capital expenditures
—

 
—

 
(14,232
)
 
(606,663
)
 
—

 
(620,895
)
Purchases of licenses
—

 
—

 
—

 
(53,066
)
 
—

 
(53,066
)
Purchases of investments
—

 
—

 
—

 
(2,360,529
)
 
—

 
(2,360,529
)
Proceeds from sales of investments
—

 
—

 
—

 
1,942,886

 
—

 
1,942,886

Proceeds from 2013 sale of towers, net
—

 
—

 
—

 
721,404

 
—

 
721,404

Transfers to restricted cash
(15,050
)
 
—

 
—

 
(26,659
)
 
—

 
(41,709
)
Transfers from restricted cash
—

 
—

 
—

 
2,273

 
—

 
2,273

Investment in subsidiaries
(191,526
)
 
(1,974
)
 
(1,260
)
 
—

 
194,760

 
—

Other, net
545

 
—

 
—

 
191

 
(529
)
 
207

Total investing cash used in continuing operations
(206,031
)
 
(1,974
)
 
(15,492
)
 
(380,163
)
 
194,231

 
(409,429
)
Total investing cash provided by discontinued operations
—

 
—

 
—

 
231,817

 
—

 
231,817

Net cash used in investing activities
(206,031
)
 
(1,974
)
 
(15,492
)
 
(148,346
)
 
194,231

 
(177,612
)
Cash flows from financing activities:
 

 
 

 
 

 
 

 
 

 
 

Gross proceeds from issuance of senior notes
—

 
—

 
—

 
1,600,000

 
—

 
1,600,000

Borrowings under equipment financing and other
—

 
—

 
—

 
145,077

 
—

 
145,077

Repayments under syndicated loan facilities
—

 
—

 
—

 
(323,919
)
 
—

 
(323,919
)
Repayments of import financing
—

 
—

 
—

 
(37,422
)
 
—

 
(37,422
)
Repayments under tower financing and other borrowings
—

 
—

 
(16,608
)
 
(46,887
)
 
—

 
(63,495
)
Payment of line of credit
—

 
—

 
—

 
(362,735
)
 
—

 
(362,735
)
Intercompany dividends
—

 
(49,910
)
 
—

 
—

 
49,910

 
—

Capital contributions
—

 
20

 
191,506

 
3,234

 
(194,760
)
 
—

Other, net
(1,010
)
 
(20
)
 
(545
)
 
(26,904
)
 
529

 
(27,950
)
Total financing cash (used in) provided by continuing operations
(1,010
)
 
(49,910
)
 
174,353

 
950,444

 
(144,321
)
 
929,556

Total financing cash used in discontinued operations
—

 
—

 
—

 
(152,965
)
 
—

 
(152,965
)
Net cash (used in) provided by financing activities
(1,010
)
 
(49,910
)
 
174,353

 
797,479

 
(144,321
)
 
776,591

Effect of exchange rate changes
  on cash and cash equivalents
—

 
—

 
—

 
(56,236
)
 
—

 
(56,236
)
Change in cash and cash equivalents related to discontinued operations
—

 
—

 
—

 
15,090

 
—

 
15,090

Net (decrease) increase in cash and cash equivalents
(378,708
)
 
—

 
(883
)
 
744,973

 
—

 
365,382

Cash and cash equivalents, beginning of year
735,022

 
—

 
6,469

 
623,462

 
—

 
1,364,953

Cash and cash equivalents, end of year
$
356,314

 
$
—

 
$
5,586

 
$
1,368,435

 
$
—

 
$
1,730,335

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
For the Year Ended December 31, 2012
 
NII Holdings,
Inc. (Parent and Guarantor)
 
NII Capital
Corp. (Issuer)
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
 
(in thousands)
Cash flows from operating activities:
 

 
 

 
 

 
 

 
 

 
 

Net loss
$
(765,249
)
 
$
(407,146
)
 
$
(676,050
)
 
$
(434,443
)
 
$
1,517,639

 
$
(765,249
)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities
768,542

 
567,599

 
564,974

 
1,296,998

 
(1,869,145
)
 
1,328,968

Total operating cash provided by (used in) continuing operations
3,293

 
160,453

 
(111,076
)
 
862,555

 
(351,506
)
 
563,719

Total operating cash provided by (used in) discontinued operations
—

 
—

 
2,142

 
(212,678
)
 
—

 
(210,536
)
Net cash provided by (used in) operating activities
3,293

 
160,453

 
(108,934
)
 
649,877

 
(351,506
)
 
353,183

Cash flows from investing activities:
 

 
 

 
 

 
 

 
 

 
 

Capital expenditures
—

 
—

 
(92,574
)
 
(861,308
)
 
—

 
(953,882
)
Purchases of licenses
—

 
—

 
—

 
(100,185
)
 
—

 
(100,185
)
Purchases of investments
—

 
—

 
—

 
(1,678,918
)
 
—

 
(1,678,918
)
Proceeds from sales of investments
224,330

 
—

 
—

 
1,589,453

 
—

 
1,813,783

Transfers to restricted cash
—

 
—

 
—

 
(11,969
)
 
—

 
(11,969
)
Transfers from restricted cash
—

 
—

 
—

 
7,882

 
—

 
7,882

Intercompany borrowings
—

 
—

 
—

 
(300
)
 
300

 
—

Investment in subsidiaries
(318,949
)
 
(9,445
)
 
—

 
—

 
328,394

 
—

Other, net
—

 
—

 
—

 
1,018

 
—

 
1,018

Total investing cash used in continuing operations
(94,619
)
 
(9,445
)
 
(92,574
)
 
(1,054,327
)
 
328,694

 
(922,271
)
 Total investing cash used in discontinued operations
—

 
—

 
—

 
(132,889
)
 
—

 
(132,889
)
 Net cash used in investing activities
(94,619
)
 
(9,445
)
 
(92,574
)
 
(1,187,216
)
 
328,694

 
(1,055,160
)
Cash flows from financing activities:
 

 
 

 
 

 
 

 
 

 
 

Borrowings under line of credit
—

 
—

 
—

 
212,770

 
—

 
212,770

Borrowings under equipment financing
—

 
—

 
—

 
233,776

 
—

 
233,776

Repayments under syndicated loan facilities
—

 
—

 
—

 
(97,403
)
 
—

 
(97,403
)
Repayments of import financing
—

 
—

 
—

 
(175,923
)
 
—

 
(175,923
)
Capital contributions
—

 
—

 
318,949

 
9,445

 
(328,394
)
 
—

Proceeds from intercompany long-term loan
—

 
—

 
300

 
—

 
(300
)
 
—

Purchases of convertible notes
(212,782
)
 
—

 
—

 
—

 
—

 
(212,782
)
Intercompany dividends
—

 
(151,186
)
 
(100,320
)
 
(100,000
)
 
351,506

 
—

Other, net
(3,228
)
 
(778
)
 
(19,368
)
 
(101,349
)
 
—

 
(124,723
)
Total financing cash (used in) provided by continuing operations
(216,010
)
 
(151,964
)
 
199,561

 
(18,684
)
 
22,812

 
(164,285
)
Total financing cash used in discontinued operations
—

 
—

 
—

 
(74,010
)
 
—

 
(74,010
)
Net cash (used in) provided by financing activities
(216,010
)
 
(151,964
)
 
199,561

 
(92,694
)
 
22,812

 
(238,295
)
Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
—

 
844

 
—

 
844

Change in cash and cash equivalents related to discontinued operations
—

 
—

 
—

 
22,226

 
—

 
22,226

Net decrease in cash and cash equivalents
(307,336
)
 
(956
)
 
(1,947
)
 
(606,963
)
 
—

 
(917,202
)
Cash and cash equivalents, beginning of year
1,042,358

 
956

 
8,416

 
1,230,425

 
—

 
2,282,155

Cash and cash equivalents, end of year
$
735,022

 
$
—

 
$
6,469

 
$
623,462

 
$
—

 
$
1,364,953
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet44.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Schedule I - Condensed Financial Information of Registrant (Tables)
 12 Months Ended
Dec. 31, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Balance Sheet [Table Text Block]
NII HOLDINGS, INC.
CONDENSED BALANCE SHEETS (PARENT COMPANY ONLY)
(in thousands)

 
December 31,
2014
 
December 31,
2013
ASSETS
Current assets
 
 
 
Cash and cash equivalents
$
106,747

 
$
356,314

Short-term intercompany receivables
27,803

 
31,803

Prepaid expenses and other
7,942

 
6,832

Total current assets
142,492

 
394,949

Investments in and advances to affiliates
—

 
1,867,753

Intangible assets, net
18,000

 
18,000

Deferred income taxes, net
—

 
16,025

Long-term intercompany receivables
1,393,109

 
1,474,658

Other assets
947

 
29,381

Total assets
$
1,554,548

 
$
3,800,766

LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY
 
 
 
 
Liabilities not subject to compromise
 
 
 
   Current liabilities
 
 
 
   Short-term intercompany payables
$
—

 
$
464,798

   Total current liabilities
—

 
464,798

   Long-term intercompany payables
—

 
2,950,226

   Other long-term liabilities
1,629

 
30,355

   Total liabilities not subject to compromise
1,629

 
3,445,379

Liabilities subject to compromise
30,584

 
—

Intercompany liabilities subject to compromise
3,487,099

 
—

Total liabilities subject to compromise
3,517,683

 
—

Total stockholders’ (deficit) equity
(1,964,764
)
 
355,387

Total liabilities and stockholders’ (deficit) equity
$
1,554,548

 
$
3,800,766
Condensed Income Statement [Table Text Block]
NII HOLDINGS, INC.
CONDENSED STATEMENTS OF COMPREHENSIVE LOSS (PARENT COMPANY ONLY)
(in thousands)

 
Year Ended December 31,
 
2014
 
2013
 
2012
Operating revenues
$
—

 
$
—

 
$
—

Operating expenses
 
 
 
 
 
Selling, general and administrative
2,145

 
3,136

 
3,180

 
2,145

 
3,136

 
3,180

Operating loss
(2,145
)
 
(3,136
)
 
(3,180
)
Other (expense) income
 

 
 

 
 

Interest expense, net
(570
)
 
(562
)
 
(23,646
)
Intercompany interest expense
(165,324
)
 
(234,799
)
 
(215,501
)
Interest income
280

 
913

 
15,292

Intercompany interest income
411

 
1,340

 
1

Equity in loss of affiliates
(1,805,438
)
 
(1,473,856
)
 
(639,902
)
Other income, net
8,212

 
36,017

 
86,324

 
(1,962,429
)
 
(1,670,947
)
 
(777,432
)
Loss before reorganization items and income tax benefit
(1,964,574
)
 
(1,674,083
)
 
(780,612
)
Reorganization items
(291
)
 
—

 
—

Income tax benefit
7,167

 
24,484

 
15,363

Net loss
$
(1,957,698
)
 
$
(1,649,599
)
 
$
(765,249
)
 
 
 
 
 
 
Comprehensive loss, net of income taxes
 
 
 
 
 
  Foreign currency translation adjustment
$
(340,847
)
 
$
(334,893
)
 
$
(97,589
)
  Reclassification adjustment for sale of Nextel Chile
(33,885
)
 
—

 
—

  Other
(544
)
 
2,257

 
(1,802
)
  Other comprehensive loss
(375,276
)
 
(332,636
)
 
(99,391
)
  Net loss
(1,957,698
)
 
(1,649,599
)
 
(765,249
)
    Total comprehensive loss
$
(2,332,974
)
 
$
(1,982,235
)
 
$
(864,640
)
Condensed Cash Flow Statement [Table Text Block]
NII HOLDINGS, INC.
CONDENSED STATEMENTS OF CASH FLOWS (PARENT COMPANY ONLY)
(in thousands)

 
Year Ended December 31,
 
2014
 
2013
 
2012
Cash flows from operating activities:
 

 
 
 
 

Net loss
$
(1,957,698
)
 
$
(1,649,599
)
 
$
(765,249
)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities
1,861,773

 
1,477,932

 
768,542

Net cash (used in) provided by operating activities
(95,925
)
 
(171,667
)
 
3,293

Cash flows from investing activities:
 

 
 

 
 

Proceeds from sales of long-term and short-term investments
—

 
—

 
224,330

Changes in restricted cash and escrow accounts
25,300

 
(15,050
)
 
—

Investments in subsidiaries
(180,712
)
 
(191,526
)
 
(318,949
)
Other, net
1,856

 
545

 
—

Net cash used in investing activities
(153,556
)
 
(206,031
)
 
(94,619
)
Cash flows from financing activities:
 

 
 

 
 

Purchases of convertible notes
—

 
—

 
(212,782
)
Other, net
(86
)
 
(1,010
)
 
(3,228
)
Net cash used in financing activities
(86
)
 
(1,010
)
 
(216,010
)
Net decrease in cash and cash equivalents
(249,567
)
 
(378,708
)
 
(307,336
)
Cash and cash equivalents, beginning of year
356,314

 
735,022

 
1,042,358

Cash and cash equivalents, end of year
$
106,747

 
$
356,314

 
$
735,022
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet45.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Schedule II - Valuation and Qualifying Accounts Schedule II - Valuation and Qualifying Accounts (Tables)
 12 Months Ended
Dec. 31, 2014
Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts
 
Balance at
Beginning of
Period
 
Charged to
Costs and
Expenses
 
Deductions
and Other
Adjustments (1)
 
Balance at
End of
Period
Year Ended December 31, 2014
 

 
 

 
 

 
 

Allowance for doubtful accounts
$
54,531

 
$
114,784

 
$
(114,300
)
 
$
55,015

Valuation allowance for deferred tax assets
$
4,335,913

 
$
610,467

 
$
(77,876
)
 
$
4,868,504

Year Ended December 31, 2013
 

 
 

 
 

 
 

Allowance for doubtful accounts
$
104,897

 
$
111,460

 
$
(161,826
)
 
$
54,531

Valuation allowance for deferred tax assets
$
330,739

 
$
4,052,410

 
$
(47,236
)
 
$
4,335,913

Year Ended December 31, 2012
 

 
 

 
 

 
 

Allowance for doubtful accounts
$
62,030

 
$
214,454

 
$
(171,587
)
 
$
104,897

Valuation allowance for deferred tax assets
$
180,545

 
$
151,286

 
$
(1,092
)
 
$
330,739

_______________________________________
(1)
Includes the impact of foreign currency translation adjustments.
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet46.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Chapter 11 Bankruptcy Proceedings (Details) (USD $)
 3 Months Ended 12 Months Ended
Sep. 30, 2014
 Dec. 31, 2014
 Dec. 31, 2013
Liabilities Subject to Compromise, Debt $ 4,350,000,000
Liabilities Subject to Compromise, Interest 203,010,000
Liabilities Subject to Compromise, Accounts Payable 3,644,000
Liabilities Subject to Compromise, Accrued Liabilities and Other 36,839,000
Liabilities Subject to Compromise 4,593,493,000 0
Debtor Reorganization Items, Write-off of Deferred Financing Costs 48,200,000
Debtor Reorganization Items, Write-off of Debt Discounts (Premiums) 8,600,000
Post-Petition Unaccrued Interest 119,600,000
Debtor Reorganization Items, Legal and Advisory Professional Fees 14,800,000
7.625% Senior Notes Due 2021 [Member]
Liabilities Subject to Compromise, Debt 1,450,000,000
8.875% Senior Notes Due 2019 [Member]
Liabilities Subject to Compromise, Debt 500,000,000
10.0% Senior Notes Due 2016 [Member]
Liabilities Subject to Compromise, Debt 800,000,000
7.875% Senior Notes Due 2019 [Member]
Liabilities Subject to Compromise, Debt 700,000,000
Eleven Point Three Seven Five Percent Senior Notes Due Two Zero One Nine [Domain]
Liabilities Subject to Compromise, Debt $ 900,000,000
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet47.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Chapter 11 Bankruptcy Proceedings Liabilities Subject to Compromise (Details) (USD $)
In Thousands, unless otherwise specified		 Dec. 31, 2014
 Dec. 31, 2013
Liabilities Subject to Compromise, Interest $ 203,010
Liabilities Subject to Compromise, Debt 4,350,000
Liabilities Subject to Compromise, Accounts Payable 3,644
Liabilities Subject to Compromise, Accrued Liabilities and Other 36,839
Liabilities Subject to Compromise 4,593,493 0
Eleven Point Three Seven Five Percent Senior Notes Due Two Zero One Nine [Domain]
Liabilities Subject to Compromise, Debt 900,000
7.625% Senior Notes Due 2021 [Member]
Liabilities Subject to Compromise, Debt 1,450,000
8.875% Senior Notes Due 2019 [Member]
Liabilities Subject to Compromise, Debt 500,000
10.0% Senior Notes Due 2016 [Member]
Liabilities Subject to Compromise, Debt 800,000
7.875% Senior Notes Due 2019 [Member]
Liabilities Subject to Compromise, Debt $ 700,000
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet48.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Chapter 11 Bankruptcy Proceedings Combined Balance Sheet (Details) (USD $)
In Thousands, unless otherwise specified		 Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
 Dec. 31, 2011
Cash and Cash Equivalents, at Carrying Value $ 573,600 $ 1,730,335 $ 1,364,953 $ 2,282,155
Short-term intercompany receivables 0 0
Other Assets, Current 74,293 40,461
Total current assets 1,713,412 3,748,186
Property, plant and equipment, net 2,432,933 3,337,545
Long-term intercompany receivables 0 0
Other assets 456,355 477,306
Total assets 5,430,591 8,679,954
Accounts payable 279,804 346,128
Other Accrued Liabilities, Current 230,165 244,610
Total current liabilities 1,709,380 2,286,590
Total liabilities 2,801,862
External Liabilities Subject To Compromise 4,593,493
Intercompany Liabilities Subject To Compromise 0
Total liabilities 2,801,862 8,324,567
Stockholders' Equity Attributable to Parent (1,964,764) 355,387
Total liabilities and stockholders' equity 5,430,591 8,679,954
Chapter 11 Entities [Member]
Cash and Cash Equivalents, at Carrying Value 321,690 1,133,276
Short-term intercompany receivables 127,215
Other Assets, Current 16,584
Total current assets 465,489
Property, plant and equipment, net 48,167
Intangible Assets, Net (Including Goodwill) 18,000
Investments In And Advances To Non-Debtor Subsidiaries 423,163
Long-term intercompany receivables 1,712,199
Other assets 1,339
Total assets 2,668,357
Accounts payable 1,996
Other Accrued Liabilities, Current 20,257
Total current liabilities 22,253
Liabilities, Noncurrent 4,805
Total liabilities 27,058
External Liabilities Subject To Compromise 4,593,493
Intercompany Liabilities Subject To Compromise 12,570
Total liabilities 4,633,121
Stockholders' Equity Attributable to Parent (1,964,764)
Total liabilities and stockholders' equity $ 2,668,357
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet49.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Chapter 11 Bankruptcy Proceedings Combined Income Statement (Details) (USD $)
In Thousands, unless otherwise specified		 3 Months Ended 12 Months Ended
Dec. 31, 2014
 Sep. 30, 2014
 Jun. 30, 2014
 Mar. 31, 2014
 Dec. 31, 2013
 Sep. 30, 2013
 Jun. 30, 2013
 Mar. 31, 2013
 Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
Operating revenues $ 854,231 $ 926,727 $ 951,981 $ 955,781 $ 1,063,767 $ 1,085,633 $ 1,245,451 $ 1,316,716 $ 3,688,720 $ 4,711,567 $ 5,693,235
Selling, general and administrative 1,699,058 1,941,773 2,261,922
Restructuring, Settlement and Impairment Provisions 220,742 168,543 30,401
Total operating expenses 4,800,200 5,080,172 5,199,493
Operating income (loss) (335,737) (212,900) (350,553) (212,290) (155,666) (127,889) (40,653) (44,397) (1,111,480) (368,605) 493,742
Interest Expense (449,345) (526,530) (359,795)
Intercompany interest expense 0 0 0
Intercompany interest income 0 0 0
Other income (expense), net (6,721) (12,859) (28,097)
Total other expense (520,140) (619,431) (417,437)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest (1,631,620) (988,036) 76,305
Reorganization Items (71,601) 0 0
Income Tax Expense (Benefit) 74,091 446,052 158,144
Net loss (1,957,698) (1,649,599) (765,249)
Foreign currency translation adjustment (340,847) (334,893) (97,589)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax (33,885) 0 0
Other (544) 2,257 (1,802)
Total comprehensive loss (2,332,974) (1,982,235) (864,640)
Chapter 11 Entities [Member]
Operating revenues 351
Selling, general and administrative 148,538
Restructuring, Settlement and Impairment Provisions 63,393
Management Fee Expense (49,010)
Depreciation, Amortization and Accretion, Net 19,309
Total operating expenses 182,230
Operating income (loss) (181,879)
Interest Expense (287,630)
Intercompany interest expense (50)
Interest Income, Other 900
Intercompany interest income 34,507
Equity In Losses Of Non-Debtor Subsidiaries (1,460,247)
Other income (expense), net 8,302
Total other expense (1,704,218)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest (1,886,097)
Reorganization Items (71,601)
Income Tax Expense (Benefit) 0
Net loss (1,957,698)
Foreign currency translation adjustment (340,847)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax (33,885)
Other (544)
Other Comprehensive Income (Loss), Net of Tax (375,276)
Total comprehensive loss $ (2,332,974)
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet50.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Chapter 11 Bankruptcy Proceedings Combined Cash Flow (Details) (USD $)
In Thousands, unless otherwise specified		 12 Months Ended
Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
 Dec. 31, 2011
Net loss $ (1,957,698) $ (1,649,599) $ (765,249)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities 1,391,565 1,621,281 1,328,968
Net cash (used in) provided by operating activities (628,716) (192,451) 353,183
Payments to Acquire Property, Plant, and Equipment (612,161) (620,895) (953,882)
(Payments) proceeds related to 2013 sale of towers, net (39,618) 721,404 0
Payments for (Proceeds from) Investments (1,637,913) (2,360,529) (1,678,918)
Transfers To Restricted Cash 41,709 11,969
Net cash used in investing activities (347,538) (177,612) (1,055,160)
Other, net (632) (27,950) (124,723)
Net cash (used in) provided by financing activities (128,272) 776,591 (238,295)
Cash and Cash Equivalents, Period Increase (Decrease) (1,156,735) 365,382 (917,202)
Cash and Cash Equivalents, at Carrying Value 573,600 1,730,335 1,364,953 2,282,155
Chapter 11 Entities [Member]
Net loss (1,957,698)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities 1,606,769
Net cash (used in) provided by operating activities (350,929)
Payments to Acquire Property, Plant, and Equipment (7,012)
(Payments) proceeds related to 2013 sale of towers, net 32,390
Payments for (Proceeds from) Investments 198,007
Intercompany Payments, Investing Activities (542,000)
Investments In And Advances To Non-Debtor Subsidiaries (124,532)
Transfers from restricted cash 25,300
Net cash used in investing activities (417,847)
Repayments of Long-term Capital Lease Obligations (42,414)
Other, net (396)
Net cash (used in) provided by financing activities (42,810)
Cash and Cash Equivalents, Period Increase (Decrease) (811,586)
Cash and Cash Equivalents, at Carrying Value $ 321,690 $ 1,133,276
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet51.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Summary of Significant Accounting Policies (Details) (USD $)
Share data in Millions, unless otherwise specified		 12 Months Ended
Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
 Dec. 31, 2010
Valuation Allowance, Deferred Tax Asset, Change in Amount 532,600,000
Deferred Tax Assets, Valuation Allowance 4,868,504,000 4,335,913,000
Deferred Tax Assets, Gross 5,140,998,000 4,637,718,000
Asset Retirement Obligation, Revision of Estimate 2,096,000 75,900,000
Available Number Of Funds 2
Deferred Tax Liabilities, Undistributed Foreign Earnings 54,386,000 54,386,000
Time Deposits 200,300,000 738,900,000
Amortization Of Intangible Assets Including Renewals Useful Lives Minimum 10 years
Amortization Of Intangible Assets Including Renewals Useful Lives Maximum 40 years
Revenue Based Taxes And Other Excise Taxes 120,600,000 166,000,000 211,500,000
Advertising Expense 146,900,000 142,500,000 159,800,000
Provision For Inventory Losses 40,768,000 56,077,000 1,470,000
Provision For Inventory Losses, Including Purchase Commitments 70,200,000
Liabilities Subject to Compromise, Debt 4,350,000,000
Amount In Excess of Carrying Amount of Asset Retirement Cost 48,300,000
Provision For Inventory Losses, Purchase Commitments 14,100,000
Decrease in Yearly Depreciation Due to Change in Useful Life 80,000,000
Nextel Brazil And Nextel Mexico [Member]
Assets Owned By Subsidiaries 4,700,000,000 6,400,700,000
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life 3 years
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life 20 years
Mobile Network Equipment and Network Software [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life 3 years
Mobile Network Equipment and Network Software [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life 30 years
Office Equipment [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life 3 years
Office Equipment [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life 10 years
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 5.4 10.8 16.8
Restricted Stock [Member]
Stock Options And Restricted Shares Granted 33.00%
Granted Stock Options And Restricted Shares Over Period Of Time 3
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 0.9 2.8 2
ARGENTINA
Deferred Tax Assets, Valuation Allowance 49,100,000 0
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet52.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Summary of Significant Accounting Policies Accumulated Other Comprehensive Income (Loss) (Details) (USD $)
In Thousands, unless otherwise specified		 12 Months Ended
Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustment $ (340,847) $ (334,893) $ (97,589)
Total comprehensive loss $ (2,332,974) $ (1,982,235) $ (864,640)
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet53.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Summary of Significant Accounting Policies Supplemental Cash Flow Information (Details) (USD $)
In Thousands, unless otherwise specified		 12 Months Ended
Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
Supplemental Cash Flow Elements [Abstract]
Payments to Acquire Property, Plant, and Equipment $ 612,161 $ 620,895 $ 953,882
Capital expenditures 428,420 872,094 1,305,696
Interest Expense $ 449,345 $ 526,530 $ 359,795
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet54.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Summary of Significant Accounting Policies Asset Retirement Obligations (Details) (USD $)
In Thousands, unless otherwise specified		 12 Months Ended
Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligation $ 43,538 $ 49,879 $ 102,465
Asset Retirement Obligation, Liabilities Incurred 8,718 18,292
Asset Retirement Obligation, Revision of Estimate (2,096) (75,900)
Asset Retirement Obligation, Accretion Expense 6,531 17,171
Asset Retirement Obligation, Liabilities Settled (9,844) 323
Asset Retirement Obligation, Foreign Currency Translation $ (9,650) $ (12,472)
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet55.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Impairments and Restructuring Charges (Details) (USD $)
 3 Months Ended 12 Months Ended 3 Months Ended 1 Months Ended 3 Months Ended
Sep. 30, 2014
 Mar. 31, 2014
 Dec. 31, 2013
 Mar. 31, 2013
 Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
 Dec. 31, 2014
 Jun. 30, 2014
 Aug. 31, 2013
 Sep. 30, 2013
 Dec. 31, 2012
Impairments and Restructuring Charges [Line Items]
Accrued Restructuring Charges $ 15,410,000 $ 8,250,000 $ 15,410,000 $ 8,250,000
Asset impairment charges 47,900,000 38,200,000 85,300,000 22,800,000
Severance Costs 48,400,000
Restructuring charges 3,200,000 30,100,000 56,260,000
Payments for Restructuring (63,420,000)
Restructuring, Settlement and Impairment Provisions 220,742,000 168,543,000 30,401,000
Nextel Brazil And Nextel Mexico [Member]
Impairments and Restructuring Charges [Line Items]
Asset impairment charges 25,500,000
ARGENTINA
Impairments and Restructuring Charges [Line Items]
Number of Employees Severed 20
Asset impairment charges 84,700,000
Restructuring, Settlement and Impairment Provisions 89,601,000 7,908,000 73,000
MEXICO
Impairments and Restructuring Charges [Line Items]
Number of Employees Severed 1,170 800 800
Asset impairment charges 5,100,000 9,000,000
Restructuring, Settlement and Impairment Provisions 26,256,000 39,057,000 439,000
BRAZIL
Impairments and Restructuring Charges [Line Items]
Number of Employees Severed 800
Asset impairment charges 4,500,000
Restructuring, Settlement and Impairment Provisions 41,492,000 24,515,000 2,437,000
Corporate Segment [Member]
Impairments and Restructuring Charges [Line Items]
Number of Employees Severed 85 50
Loss on contract termination 6,800,000
Asset impairment charges 76,300,000 6,400,000 5,900,000
Restructuring charges 7,600,000
Restructuring, Settlement and Impairment Provisions $ 63,393,000 $ 97,063,000 $ 27,452,000
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet56.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Impairments and Restructuring Charges Restructuring Charges (Details) (USD $)
 3 Months Ended 12 Months Ended 3 Months Ended
Sep. 30, 2014
 Mar. 31, 2014
 Dec. 31, 2013
 Mar. 31, 2013
 Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
 Jun. 30, 2014
 Sep. 30, 2013
 Dec. 31, 2012
 Dec. 31, 2014
Restructuring Cost and Reserve [Line Items]
Accrued Restructuring Charges $ 15,410,000 $ 8,250,000 $ 15,410,000 $ 8,250,000
Restructuring charges 3,200,000 30,100,000 56,260,000
Total impairment and restructuring charges 220,742,000 168,543,000 30,401,000
Asset Impairment Charges 47,900,000 38,200,000 85,300,000 22,800,000
Severance Costs 48,400,000
Payments for Restructuring 63,420,000
Corporate Segment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges 7,600,000
Total impairment and restructuring charges 63,393,000 97,063,000 27,452,000
Asset Impairment Charges 76,300,000 6,400,000 5,900,000
Number of Employees Severed 85 50
ARGENTINA
Restructuring Cost and Reserve [Line Items]
Total impairment and restructuring charges 89,601,000 7,908,000 73,000
Asset Impairment Charges 84,700,000
Number of Employees Severed 20
MEXICO
Restructuring Cost and Reserve [Line Items]
Total impairment and restructuring charges 26,256,000 39,057,000 439,000
Asset Impairment Charges 5,100,000 9,000,000
Number of Employees Severed 1,170 800 800
BRAZIL
Restructuring Cost and Reserve [Line Items]
Total impairment and restructuring charges 41,492,000 24,515,000 2,437,000
Asset Impairment Charges $ 4,500,000
Number of Employees Severed 800
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet57.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Discontinued Operations (Details) (USD $)
 3 Months Ended 12 Months Ended 9 Months Ended 3 Months Ended
Sep. 30, 2014
 Mar. 31, 2014
 Mar. 31, 2013
 Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
 Sep. 30, 2014
 Dec. 31, 2014
 Aug. 31, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax $ 33,885,000 $ 0 $ 0
Asset Impairment Charges 47,900,000 38,200,000 85,300,000 22,800,000
CHILE
ASSETS
Cash and cash equivalents 3,448,000
Accounts receivable, net of allowance for doubtful accounts of $6,762 11,157,000
Handset and accessory inventory 5,965,000
Prepaid expenses and other 38,526,000
Property, plant and equipment, net 50,515,000
Intangible assets, net 13,300,000
Other assets 46,020,000
Total assets 168,931,000
LIABILITIES
Accounts payable 22,928,000
Accrued expenses and other 13,841,000
Other long-term liabilities 5,326,000
Total liabilities 42,095,000
Allowance for doubtful accounts 6,762,000
Nextel Peru [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group, sale price 405,500,000
Disposal group, sale price, escrow deposit 50,000,000
Gain (loss) on disposal of Nextel Chile and Nextel Peru (29,585,000) 2,848,000 0
Operating revenues 38,596,000 265,979,000 393,227,000
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Operating revenues 38,596,000 265,979,000 393,227,000
Operating expenses (228,578,000) (443,166,000) (1,010,229,000)
Other expense, net (19,989,000) (34,576,000) (2,443,000)
Loss before income tax provision (209,971,000) (211,763,000) (619,445,000)
Income tax provision 0 (900,000) (63,965,000)
Loss from discontinued operations, before loss on disposal, net of income taxes (209,971,000) (212,663,000) (683,410,000)
Gain (loss) on disposal of Nextel Chile and Nextel Peru (29,585,000) 2,848,000 0
Loss from discontinued operations, net of income taxes (180,386,000) (215,511,000) (683,410,000)
Release Of Consideration 2,000,000 7,500,000
CHILE
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Asset Impairment Charges 127,500,000
Gain (loss) on disposal of Nextel Chile and Nextel Peru (32,700,000)
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Gain (loss) on disposal of Nextel Chile and Nextel Peru (32,700,000)
ASSETS
Total assets $ 168,900,000
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet58.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Property, Plant and Equipment (Property, Plant and Equipment Components) (Details) (USD $)
In Thousands, unless otherwise specified		 Dec. 31, 2014
 Dec. 31, 2013
Property, Plant and Equipment, Net [Abstract]
Land $ 6,777 $ 7,663
Building and leashold improvements 137,235 190,258
Digital mobile network equipment and network software 4,074,786 4,735,361
Office equipment, furniture and fixtures and other 678,300 753,665
Corporate aircraft capital lease 0 42,747
Less: Accumulated depreciation and amortization (2,669,566) (2,907,939)
Property, plant and equipment, gross, total 2,227,532 2,821,755
Construction in progress 205,401 515,790
Property, plant and equipment, net $ 2,432,933 $ 3,337,545
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet59.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Intangible Assets (Intangible Assets) (Details) (USD $)
 12 Months Ended
Dec. 31, 2014
 Dec. 31, 2013
Indefinite-Lived Intangible Assets (Excluding Goodwill) $ 18,000,000
Gross Carrying Value 1,091,405,000 1,205,450,000
Accumulated Amortization (287,281,000) (243,081,000)
Net Carrying Value 804,124,000 962,369,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life 15 years
Licenses [Member]
Gross Carrying Value 1,091,405,000 1,205,450,000
Accumulated Amortization (287,281,000) (243,081,000)
Net Carrying Value $ 804,124,000 $ 962,369,000
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet60.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Intangible Assets (Estimated Amortization Expense) (Details) (USD $)
In Thousands, unless otherwise specified		 Dec. 31, 2014
Finite-Lived Intangible Assets, Net [Abstract]
2012 $ 75,922
2013 75,922
2014 75,922
2015 75,922
2016 $ 75,922
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet61.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Balance Sheet Details (Accrued Expenses and Other) (Details) (USD $)
In Thousands, unless otherwise specified		 Dec. 31, 2014
 Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax $ (1,326,003) $ (951,271)
Prepaid Value Added Tax 137,699 207,951
Prepaid Income Tax 19,632 59,054
Other Prepaid Expense, Current 97,573 90,108
Other Assets, Current 74,293 40,461
Capital expenditure 106,295 290,036
Network system and information technology 62,229 92,109
Payroll related items and commissions 66,598 89,435
Accrual for Taxes Other than Income Taxes 87,127 114,360
Accrued interest 10,574 128,509
Other 230,165 244,610
Accrued expenses and other 562,988 959,059
Prepaid expenses and other 329,197 397,574
MEXICO
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax 400,300
ARGENTINA
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax 262,800
BRAZIL
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax $ 672,400
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet62.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Balance Sheet Details Accumulated Other Comprehensive Income (Loss) (Details) (USD $)
In Thousands, unless otherwise specified		 12 Months Ended
Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
Supplemental Income Statement Elements [Abstract]
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax $ (1,326,003) $ (951,271)
Accumulated other comprehensive loss (1,331,353) (956,077)
Accumulated Other Comprehensive Income, Other (5,350) (4,806)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax 33,885 0 0
BRAZIL
Supplemental Income Statement Elements [Abstract]
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax 672,400
MEXICO
Supplemental Income Statement Elements [Abstract]
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax 400,300
ARGENTINA
Supplemental Income Statement Elements [Abstract]
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax $ 262,800
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet63.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Balance Sheet Details Supplemental Cash Flow Disclosures (Details) (USD $)
In Thousands, unless otherwise specified		 12 Months Ended
Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]
Payments to Acquire Property, Plant, and Equipment $ 612,161 $ 620,895 $ 953,882
Changes in Capital Expenditures Accrued and Unpaid or Financed, Including Accreted Interest Capitalized (183,741) 251,199 351,814
Capital expenditures 428,420 872,094 1,305,696
Interest Expense 449,345 526,530 359,795
Interest Costs Capitalized 32,541 78,254 127,189
Interest Expense Including Capitalized Interest 481,886 604,784 486,984
Fair Value of Assets Acquired 31,861 53,066 100,185
Liabilities Assumed 0 0 0
Cash Acquired from Acquisition 0 0 0
Acquisitions Of Assets And Business Combinations Total 31,861 53,066 100,185
Interest Paid, Capitalized 310,230 389,064 290,131
Income Taxes Paid $ 24,544 $ 39,292 $ 269,597
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet64.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Balance Sheet Details Restricted Cash (Details) (USD $)
In Millions, unless otherwise specified		 12 Months Ended
Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
Cash and Cash Equivalents [Abstract]
Restricted Cash and Cash Equivalents $ 107.8 $ 120.5
Non Cash Financing Activities $ 319.6 $ 213.5 $ 194.5
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet65.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Debt (Narrative) (Details) (USD $)
Share data in Thousands, unless otherwise specified		 3 Months Ended 12 Months Ended 1 Months Ended 3 Months Ended 9 Months Ended
Sep. 30, 2014
 Mar. 31, 2014
 Mar. 31, 2013
 Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
 Aug. 31, 2009
 Dec. 31, 2009
 Jul. 31, 2011
 Dec. 31, 2014
 Jun. 30, 2014
 Dec. 31, 2013
 Sep. 30, 2014
 Mar. 31, 2011
 Dec. 31, 2011
Current portion of long-term debt $ (777,569,000) $ (96,839,000) $ (777,569,000) $ (96,839,000)
Bank Loans 343,915,000 444,268,000 343,915,000 444,268,000
Repayments and purchases of convertible notes 0 0 (212,782,000)
Principal amount of convertible notes 5,385,099,000 5,441,009,000 5,385,099,000 5,441,009,000
Common stock, shares authorized 600,000 600,000 600,000 600,000
Other operating revenues 38,500,000 39,400,000 56,800,000
Brazil CDB Loan Repayment Period seven
Proceeds from issuance of senior notes 0 1,600,000,000 0
(Payments) proceeds related to 2013 sale of towers, net (39,618,000) 721,404,000 0
Gain (Loss) on Sale of Assets and Asset Impairment Charges 74,631,000 0 0
Asset Impairment Charges 47,900,000 38,200,000 85,300,000 22,800,000
7.875% Senior Notes Due 2019 [Member]
Notes interest rate 7.88% 7.88%
Equipment Financing [Member]
Principal amount of convertible notes 689,930,000 653,557,000 689,930,000 653,557,000
7.625% Senior Notes Due 2021 [Member]
Notes interest rate 7.63%
Principal amount 1,450,000,000 1,450,000,000
10.0% Senior Notes Due 2016 [Member]
Notes interest rate 10.00%
Maturity date of notes August 15, 2016
8.875% Senior Notes Due 2019 [Member]
Notes interest rate 8.88%
Maturity date of notes December 15, 2019
Brazil Vendor Financing [Domain]
Loan Agreement Maximum Borrowing Capacity 500,000,000
Brazil CDB Loan Floating Interest Rate 2.90%
Effective interest rate on convertible notes 3.16% 3.15% 3.16% 3.15%
Brazil CDB Loan Borrowing Period three
Mexico Vendor Financing [Member]
Term of debt ten
Debt Instrument, Borrowing Period three
Debt Instrument, Repayment Term seven
Long-term debt, percentage bearing variable interest, percentage rate 3.06% 3.05% 3.06% 3.05%
Loan Agreement Maximum Borrowing Capacity 375,000,000
Financial Institution One [Member] | Brazil Spectrum License Financing [Member]
Brazil bank financing 351,800,000 351,800,000
Financial Institution Two [Member] | Brazil Spectrum License Financing [Member]
Brazil bank financing 341,200,000 341,200,000
Debt instrument factor applied to variable rate 115.00% 115.00%
Long-term debt, percentage bearing variable interest, percentage rate 13.40% 11.39% 13.40% 11.39%
LIBOR [Member] | Mexico Vendor Financing [Member]
Debt instrument, basis spread on variable rate 2.80%
BRAZIL
Bank Loans 196,900,000 196,900,000
Equipment Financing 366,937,000 352,725,000 366,937,000 352,725,000
Towers Sold 1,940
Capital lease and tower financing obligations 213,163,000 122,499,000 213,163,000 122,499,000
(Payments) proceeds related to 2013 sale of towers, net 155,500,000 18,600,000 348,000,000
Present Value of Future Minimum Lease Payments, Sale Leaseback Transactions 186,500,000 186,500,000
Asset Impairment Charges 4,500,000
MEXICO
Equipment Financing 322,993,000 300,832,000 322,993,000 300,832,000
Towers Sold 1,483
Capital lease and tower financing obligations 264,130,000 194,227,000 264,130,000 194,227,000
(Payments) proceeds related to 2013 sale of towers, net 374,300,000
Gain (Loss) on Sale of Assets and Asset Impairment Charges (75,400,000)
Sale Leaseback Transaction, Deferred Gain, Gross 179,600,000 179,600,000
Present Value of Future Minimum Lease Payments, Sale Leaseback Transactions 112,400,000 112,400,000
Asset Impairment Charges 5,100,000 9,000,000
Nextel Brazil And Nextel Mexico [Member]
Asset Impairment Charges 25,500,000
Aircraft [Domain]
(Payments) proceeds related to 2013 sale of towers, net 32,500,000
Asset Impairment Charges $ 6,400,000
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet66.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Debt (Debt) (Details) (USD $)
 12 Months Ended 1 Months Ended 3 Months Ended
Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
 Jul. 31, 2011
 Dec. 31, 2014
 Sep. 30, 2014
 Jun. 30, 2014
 Dec. 31, 2013
Debt Instrument [Line Items]
Other operating revenues $ 38,500,000 $ 39,400,000 $ 56,800,000
(Payments) proceeds related to 2013 sale of towers, net (39,618,000) 721,404,000 0
Bank Loans 343,915,000 444,268,000 343,915,000 444,268,000
Brazil Bank Loan Floating Interest Rate 113.90% 113.90%
Brazil Bank Loan Borrowing Rate 13.30% 11.30% 13.30% 11.30%
Corporate Aircraft Capital Lease 0 35,736,000 0 35,736,000
Other 1,254,000 3,901,000 1,254,000 3,901,000
Total debt, excluding current portion 1,512,392,000 5,793,471,000 1,512,392,000 5,793,471,000
Less: current portion (777,569,000) (96,839,000) (777,569,000) (96,839,000)
Total debt 734,823,000 5,696,632,000 734,823,000 5,696,632,000
Brazil CDB Loan Repayment Period seven
Mexico Vendor Financing [Member]
Debt Instrument [Line Items]
Term of debt ten
Debt Instrument, Borrowing Period three
Debt Instrument, Repayment Term seven
Long-term debt, percentage bearing variable interest, percentage rate 3.06% 3.05% 3.06% 3.05%
Loan Agreement Maximum Borrowing Capacity 375,000,000
Brazil Vendor Financing [Domain]
Debt Instrument [Line Items]
Effective interest rate on convertible notes 3.16% 3.15% 3.16% 3.15%
Loan Agreement Maximum Borrowing Capacity 500,000,000
Brazil CDB Loan Floating Interest Rate 2.90%
Brazil CDB Loan Borrowing Period three
NII Capital Corp [Member]
Debt Instrument [Line Items]
Senior notes, net 0 2,729,321,000 0 2,729,321,000
NII International Telecom [Member]
Debt Instrument [Line Items]
Senior notes, net 0 1,609,962,000 0 1,609,962,000
MEXICO
Debt Instrument [Line Items]
Sale Leaseback Transaction, Deferred Gain, Gross 179,600,000
Present Value of Future Minimum Lease Payments, Sale Leaseback Transactions 112,400,000
Towers Sold 1,483
(Payments) proceeds related to 2013 sale of towers, net 374,300,000
Equipment Financing 322,993,000 300,832,000 322,993,000 300,832,000
Capital lease and tower financing obligations 264,130,000 194,227,000 264,130,000 194,227,000
BRAZIL
Debt Instrument [Line Items]
Present Value of Future Minimum Lease Payments, Sale Leaseback Transactions 186,500,000 186,500,000
Towers Sold 1,940
(Payments) proceeds related to 2013 sale of towers, net 155,500,000 18,600,000 348,000,000
Bank Loans 196,900,000 196,900,000
Equipment Financing 366,937,000 352,725,000 366,937,000 352,725,000
Capital lease and tower financing obligations 213,163,000 122,499,000 213,163,000 122,499,000
Financial Institution Two [Member] | Brazil Spectrum License Financing [Member]
Debt Instrument [Line Items]
Spectrum financing 341,200,000 341,200,000
Debt instrument factor applied to variable rate 115.00% 115.00%
Long-term debt, percentage bearing variable interest, percentage rate 13.40% 11.39% 13.40% 11.39%
Financial Institution One [Member] | Brazil Spectrum License Financing [Member]
Debt Instrument [Line Items]
Spectrum financing $ 351,800,000 $ 351,800,000
LIBOR [Member] | Mexico Vendor Financing [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate 2.80%
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet67.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Debt (Debt and Equity Components Recognized for Convertible Notes) (Details) (USD $)
In Thousands, unless otherwise specified		 Dec. 31, 2014
 Dec. 31, 2013
Principal amount of convertible notes $ 5,385,099 $ 5,441,009
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet68.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Debt (Interest Expense Recognized for Convertible Notes) (Details) (USD $)
In Thousands, unless otherwise specified		 12 Months Ended
Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
Interest expense, net $ (389,641) $ (496,062) $ (354,107)
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet69.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Debt (Annual Maturities of Long-Term Debt Outstanding) (Details) (USD $)
In Thousands, unless otherwise specified		 Dec. 31, 2014
Debt [Abstract]
2012 $ 777,569
2013 71,376
2014 77,014
2015 67,416
2016 62,337
Thereafter 456,680
Total $ 1,512,392
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet70.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Fair Value Measurements (Narrative) (Details) (USD $)
In Millions, unless otherwise specified		 3 Months Ended
Sep. 30, 2013
 Dec. 31, 2014
 Dec. 31, 2013
Available number of funds 2
Sale Of Certificates Of Deposit $ 150
Amount Transfered From Short Term To Available-For-Sale 167.2
Amount Transferred From Held To Maturity To Available-For-Sale 31.4
Short-term Investments [Member] | Nextel Brazil [Member]
Available for sale securities 110.1 418.6
ARGENTINA
Money Market Funds, at Carrying Value 43.5
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet71.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Fair Value Measurements (Carrying Amounts and Estimated Fair Values of Long-Term Debt Instrument) (Details) (USD $)
In Thousands, unless otherwise specified		 Dec. 31, 2014
 Dec. 31, 2013
Carrying amount $ 5,385,099 $ 5,441,009
Long-term estimated fair value 2,710,778 3,493,289
Equipment Financing [Member]
Carrying amount 689,930 653,557
Long-term estimated fair value 620,125 620,173
NII Capital Corp [Member]
Carrying amount 2,750,000 2,729,321
Long-term estimated fair value 648,500 1,227,950
Convertible Notes [Member]
Carrying amount 345,169 448,169
Long-term estimated fair value 275,653 373,796
NII International Telecom [Member]
Carrying amount 1,600,000 1,609,962
Long-term estimated fair value $ 1,166,500 $ 1,271,370
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet72.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Commitments and Contingencies (Narrative) (Details) (USD $)
In Millions, unless otherwise specified		 12 Months Ended
Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
Purchase Obligation $ 2,500
Future Spectrum Fees 1,800
Remaining operating lease terms of agreements minimum 1
Remaining operating lease terms of agreements maximum 15
Remaining operating office lease terms of agreements minimum 1
Remaining operating office lease terms of agreements maximum 10
Total rent expenses under operating lease 302.4 300.9 270.6
Nextel Brazil [Member]
Accrued Liabilities 69.7 70.9
Unasserted Claims 8 11.2
Estimated range of possible loss of accrued liabilities minimum 430
2014 [Member]
Purchase Obligation 1,600
Future Spectrum Fees 130.1
2016 and 2017 [Member]
Purchase Obligation 622
Future Spectrum Fees 257.3
2018 [Member]
Purchase Obligation 268.5
Future Spectrum Fees 257.3
2019 and Beyond [Member]
Future Spectrum Fees $ 1,200
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet73.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Commitments and Contingencies (Future Minimum Payments for Capital and Operating Lease Obligations) (Details) (USD $)
In Thousands, unless otherwise specified		 Dec. 31, 2014
Commitments and Contingencies [Abstract]
Capital lease in 2012 $ 166,655
Capital lease in 2013 168,602
Capital lease in 2014 170,590
Capital lease in 2015 139,081
Capital lease in 2016 119,774
Capital lease Thereafter 1,581,487
Total minimum capital lease payments 2,346,189
Imputed interest capital lease (1,868,897)
Total minimum net capital lease payments 477,292
Operating lease in 2012 219,767
Operating lease in 2013 225,041
Operating lease in 2014 189,730
Operating lease in 2015 163,151
Operating lease in 2016 141,833
Operating lease Thereafter 1,025,445
Total minimum operating lease payments 1,964,967
Imputed interest operating lease 0
Total minimum net operating lease payments 1,964,967
Minimum payments for 2012, Total 386,422
Minimum payments for 2013, Total 393,643
Minimum payments for 2014, Total 360,320
Minimum payments for 2015, Total 302,232
Minimum payments for 2016, Total 261,607
Minimum payments Thereafter, Total 2,606,932
Total minimum lease payments 4,311,156
Imputed interest, Total 1,868,897
Total leases net minimum payments $ 2,442,259
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet74.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Capital Stock (Narrative) (Details) (USD $)
 12 Months Ended
Dec. 31, 2014
 Dec. 31, 2013
Capital Stock [Abstract]
Common stock, shares authorized 600,000,000 600,000,000
Common stock, par value $ 0.001 $ 0.001
Preferred stock, shares authorized 10,000,000 10,000,000
Preferred stock, par value $ 0.001 $ 0.001
Common stock shares outstanding 172,363,259 172,104,720
Reserved for future issuance 23,824,039 22,089,643
Restricted Stock Units, Issued 2,386,673 3,341,132
Unvested Restricted Stock Units 3,580,009 5,011,698
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet75.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Income Taxes (Narrative) (Details) (USD $)
 12 Months Ended 0 Months Ended
Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
 Dec. 31, 2010
 Jan. 02, 2014
 Dec. 31, 2011
 Dec. 31, 2009
Unrecorded Deferred Tax Liability on Unrealized Foreign Currency Gain $ 41,400,000
Deferred Tax Assets, Valuation Allowance 4,868,504,000 4,335,913,000
Deferred Tax Assets, Gross 5,140,998,000 4,637,718,000
Provision in deferred tax liability 54,386,000 54,386,000
Deferred tax liability 280,093,000 258,410,000
Net operating loss carryforwards 10,800,000,000
Taxable income before net operating loss deduction 30.00%
Unrecognized tax benefits that reduce future effective tax rate 1,800,000 2,100,000 4,800,000
Change in Future Unrecognized Tax Benefits 4,800,000
Interest and penalties 200,000 200,000 300,000
Unrecognized Tax Benefits Due to Change in Facts 26,500,000
Unrecognized tax benefit interest and penalties expired 2,700,000
Accrued interest and penalties 2,400,000 2,300,000
Deferred Tax Assets, Valuation Allowance, Current 281,500,000
Deferred Tax Assets, Valuation Allowance, Noncurrent 4,600,000,000
Valuation Allowance, Deferred Tax Asset, Change in Amount 532,600,000
Nextel Mexico [Member]
Net operating loss carryforwards 764,000,000
U.S. Operations [Member]
Net operating loss carryforwards 210,300,000
Nextel Brazil [Member]
Net operating loss carryforwards 816,400,000
Domestic, State, And Local Jurisdiction [Member]
Net operating loss carryforwards 1,300,000,000
MEXICO
Revised Income Tax Rate 30.00%
ARGENTINA
Deferred Tax Assets, Valuation Allowance 49,100,000 0
Brazil [Member]
Unrecorded Deferred Tax Liability on Unrealized Foreign Currency Gain 36,000,000
Deferred Tax Assets, Valuation Allowance 584,100,000 419,100,000
Luxembourg [Member]
Deferred Tax Assets, Valuation Allowance 3,169,200,000 3,131,400,000
Spain [Member]
Deferred Tax Assets, Valuation Allowance 267,600,000 230,900,000
Net operating loss carryforwards 844,000,000
Net operating loss carryforwards, expiration period 18 years
Netherlands [Member]
Net operating loss carryforwards $ 300,000
Net operating loss carryforwards, expiration period 9 years
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet76.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Income Taxes (Income Tax Provision) (Details) (USD $)
In Thousands, unless otherwise specified		 12 Months Ended
Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
Income Taxes [Abstract]
Federal $ 0 $ 0 $ 727
State, net of Federal tax benefit 0 0 0
Foreign (25,638) (63,982) (176,748)
Total current income tax Provision (25,638) (63,982) (176,021)
Federal (1,846) (1,310) 895
State, net of Federal tax benefit (205) (146) 100
Foreign (46,402) (380,614) 16,882
Total deferred income tax provision (48,453) (382,070) 17,877
Income tax provision $ (74,091) $ (446,052) $ (158,144)
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet77.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Income Taxes (Reconciliation of the U.S. Statutory Federal Income Tax Rate to Effective Tax Rate) (Details)
 12 Months Ended
Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
Income Taxes [Abstract]
Statutory Federal tax rate 35.00% 35.00% 35.00%
Effect of foreign operations (3.00%) (3.00%) 7.00%
Change in deferred tax asset valuation allowance (36.00%) (81.00%) 160.00%
Intercompany transactions (1.00%) (3.00%) 9.00%
Tax on subpart F income 0.00% 0.00% 11.00%
Withholding tax 0.00% (2.00%) 42.00%
Tax - deductible dividends 0.00% 3.00% (42.00%)
Inflation adjustments 1.00% 1.00% (17.00%)
Income tax credits 0.00% 0.00% (3.00%)
Local Statutory Investment Loss 0.00% 6.00% 0.00%
Other nondeductible expenses (1.00%) 0.00% 6.00%
Other 1.00% (1.00%) (1.00%)
Income tax rate (4.00%) (45.00%) 207.00%
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet78.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Income Taxes (Deferred Tax Assets and Liabilities) (Details) (USD $)
In Thousands, unless otherwise specified		 Dec. 31, 2014
 Dec. 31, 2013
Income Taxes [Abstract]
Net operating losses and capital loss carryforwards $ 4,354,474 $ 3,922,944
Allowance for doubtful accounts 41,724 34,587
Accrued expenses 193,251 151,131
Accrual for contingent liabilities 21,944 22,117
Property, plant and equipment 153,036 36,784
Capital lease obligations 175,498 300,141
Deferred revenue 37,730 35,179
Equity compensation 69,172 71,171
Inventory reserve 25,642 22,548
Deferred Tax Assets Debt Discount 16,511 0
Other 52,016 41,116
Total deferred tax asset before allowances 5,140,998 4,637,718
Valuation allowance (4,868,504) (4,335,913)
Total deferred tax asset 272,494 301,805
Intangible assets 42,036 48,162
Deferred Tax Liabilities, Undistributed Foreign Earnings 54,386 54,386
Deferred revenue 39,492 44,126
Property, plant and equipment 33,915 96,613
Deferred Tax Liabilities Capital Lease Obligations 107,491 0
Other 2,773 15,123
Total deferred tax liability 280,093 258,410
Net deferred tax asset $ (7,599) $ 43,395
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet79.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Income Taxes (Deferred Tax Asset Valuation Allowance) (Details) (USD $)
 12 Months Ended
Dec. 31, 2014
 Dec. 31, 2013
Valuation Allowance, Deferred Tax Asset, Change in Amount $ 532,600,000
Deferred Tax Assets, Valuation Allowance 4,868,504,000 4,335,913,000
ARGENTINA
Deferred Tax Assets, Valuation Allowance 49,100,000 0
Mexico [Member]
Deferred Tax Assets, Valuation Allowance 318,200,000 190,700,000
Brazil [Member]
Deferred Tax Assets, Valuation Allowance 584,100,000 419,100,000
U.S. [Member]
Deferred Tax Assets, Valuation Allowance 480,300,000 363,800,000
Luxembourg [Member]
Deferred Tax Assets, Valuation Allowance 3,169,200,000 3,131,400,000
Spain [Member]
Deferred Tax Assets, Valuation Allowance $ 267,600,000 $ 230,900,000
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet80.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Income Taxes (Unrecognized Tax Benefits) (Details) (USD $)
In Thousands, unless otherwise specified		 12 Months Ended
Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
Income Taxes [Abstract]
Income (Loss) from Continuing Operations before Income Taxes, Domestic $ (368,667) $ (377,502) $ (311,575)
Unrecognized tax benefits at January 1 8,686 35,639 35,572
Additions for current year tax positions 0 0 3,118
Reductions for current year tax positions 0 0 (551)
Reductions for prior year tax positions 0 (26,519) (2,197)
Foreign currency translation adjustment (350) (434) (303)
Unrecognized tax benefits at December 31 8,336 8,686 35,639
Income (Loss) from Continuing Operations before Income Taxes, Foreign $ (1,334,554) $ (610,534) $ 387,880
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet81.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Income Taxes (Income from Continuing Operations Before Income Taxes) (Details) (USD $)
In Thousands, unless otherwise specified		 12 Months Ended
Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
Income Taxes [Abstract]
Income (Loss) from Continuing Operations before Income Taxes, Domestic $ (368,667) $ (377,502) $ (311,575)
Income (Loss) from Continuing Operations before Income Taxes, Foreign (1,334,554) (610,534) 387,880
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest, Reorganization Items, Total $ (1,703,221) $ (988,036) $ 76,305
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet82.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Employee Stock and Benefit Plans (Narrative) (Details) (USD $)
 12 Months Ended 0 Months Ended
Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
 Apr. 23, 2012
 Apr. 24, 2012
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term in Years, Maximum 4.81 4.81 4.78
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term in Years, Minimum 4.78 4.78 4.65
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Minimum 0.00% 0.00% 0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Maximum 0.00% 0.00% 0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Minimum 0.00% 0.00% 0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Maximum 0.00% 0.00% 0.00%
Expected dividend yield 0.00% 0.00% 0.00%
Stock based compensation maximum limit 64,933,332
Remaining Authorized Shares $ 9,731,179
Share-based Compensation Agreements, Maximum Contractual Term 10 years
Number of shares limit in aggregate shares made by chief executive officer 1,000,000
Number of restricted stock shares limit in aggregate made by chief executive officer 500,000
Share-based payment expense related to stock options 4,000,000 9,000,000 20,300,000
Share-based payment expense related to restricted stock 10,400,000 20,000,000 22,200,000
Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options And Other Awards 86,000 1,000,000 2,000,000
Total fair value of options vested 16,400,000 39,100,000 54,300,000
Weighted average fair value of the stock option awards on their grant dates $ 0.01 $ 4.64 $ 7.31
Total fair value of restricted stock vested 1,200,000 7,700,000
Weighted average fair value of the restricted stock awards on their grant dates $ 0.85 $ 8.69 $ 16.97
Stock Options [Member]
Stock options, granted 1,752,921 1,752,921
Unrecognized compensation cost 5,200,000
Recognized over a weighted average period 1 year 3 months 8 days
Restricted Stock [Member]
Restricted stock, granted 3,605,538 2,271,555
Unrecognized compensation cost $ 7,800,000
Recognized over a weighted average period 1 year 6 months 8 days
Restricted stock shares, vested 1,140,667
Weighted average fair value of the restricted stock awards on their grant dates $ 16.8
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet83.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Employee Stock and Benefit Plans (Summary of Stock Option Activity Under All Plans) (Details) (USD $)
 0 Months Ended 12 Months Ended
Apr. 23, 2012
 Dec. 31, 2014
 Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Granted 358,373
Share Based Compensation Arrangement By Share Based Payment Award Exercised Weighted Average Remaining Contractual Term $ 4.04
Weighted Average Remaining Life of Options Outstanding, beginning balance 5 years 8 months 15 days
Weighted Average Remaining Life of Options Outstanding, ending balance 5 years 8 months 15 days
Stock Options [Member]
Number of Options Outstanding, beginning balance 6,034,151 11,259,868
Number of Options, Granted 1,752,921 1,752,921
Number of Options, Exercised 0
Number of Options, Forfeited (6,978,638)
Number of Options Outstanding, ending balance 6,034,151 11,259,868
Number of Options, Exercisable 3,996,673
Weighted Average Exercise Price per Option Outstanding, beginning balance $ 26.57 $ 36.2
Weighted Average Exercise Price per Option, Granted $ 0.86
Weighted Average Exercise Price per Option, Exercised $ 0
Weighted Average Exercise Price per Option, Forfeited $ 35.63
Weighted Average Exercise Price per Option, ending balance $ 26.57 $ 36.2
Weighted Average Exercise Price per Option, ending balance, Exercisable $ 38.55
Aggregate Intrinsic Value of Options Outstanding, beginning balance $ 0
Aggregate Intrinsic Value of Options Outstanding, ending balance 0
Aggregate Intrinsic Value of Options Outstanding, Exercisable $ 0
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet84.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Employee Stock and Benefit Plans (Assumptions in Option Pricing Model) (Details)
 12 Months Ended
Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
Share-based Compensation, Allocation and Classification in Financial Statements [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Minimum 0.00% 0.00% 0.00%
Expected dividend yield 0.00% 0.00% 0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Maximum 0.00% 0.00% 0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Minimum 0.00% 0.00% 0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Maximum 0.00% 0.00% 0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term in Years, Minimum 4.78 4.78 4.65
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term in Years, Maximum 4.81 4.81 4.78
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet85.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Employee Stock and Benefit Plans (Summary of the Status of Non-Vested Restricted Stock Awards) (Details) (USD $)
 12 Months Ended 0 Months Ended
Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
 Apr. 23, 2012
Non-vested restricted stock awards, Vested, Weighted Average Grant Date Fair Value Per Share $ 0.85 $ 8.69 $ 16.97
Restricted Stock [Member]
Number of Non-vested restricted stock awards, beginning balance 4,089,748 3,919,485
Non-vested restricted stock awards, Weighted Average Grant Date Fair Value Per Share, beginning balance $ 3.75 $ 12.99
Non-vested restricted stock awards, Granted, Number of Shares 3,605,538 2,271,555
Non-vested restricted stock awards, Granted, Weighted Average Grant Date Fair Value Per Share $ 0.85
Non-vested restricted stock awards, Vested, Number of Shares (1,140,667)
Non-vested restricted stock awards, Vested, Weighted Average Grant Date Fair Value Per Share $ 16.8
Non-vested restricted stock awards, Forfeited, Number of Shares (2,294,608)
Non-vested restricted stock awards, Forfeited, Weighted Average Grant Date Fair Value Per Share $ 7.69
Number of Non-vested restricted stock awards, ending balance 4,089,748 3,919,485
Non-vested restricted stock awards, Weighted Average Grant Date Fair Value Per Share, ending balance $ 3.75 $ 12.99
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet86.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Segment Information (Segment Reporting Information) (Details) (USD $)
In Thousands, unless otherwise specified		 3 Months Ended 12 Months Ended
Dec. 31, 2014
 Sep. 30, 2014
 Jun. 30, 2014
 Mar. 31, 2014
 Dec. 31, 2013
 Sep. 30, 2013
 Jun. 30, 2013
 Mar. 31, 2013
 Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
Restructuring, Settlement and Impairment Provisions $ (220,742) $ (168,543) $ (30,401)
Gain (Loss) on Sale of Assets and Asset Impairment Charges 74,631 0 0
Operating revenues 854,231 926,727 951,981 955,781 1,063,767 1,085,633 1,245,451 1,316,716 3,688,720 4,711,567 5,693,235
Operating Income Loss Before Depreciation And Amortization (292,664) 492,865 1,129,304
Segment earnings (losses) (292,664) 492,865 1,129,304
Less: Depreciation and amortization (672,705) (692,927) (605,161)
Foreign currency transaction losses, net (130,499) (123,369) (63,330)
Interest expense and other, net (389,641) (496,062) (354,107)
(Loss) income from continuing operations before reorganization items and income tax provision (1,631,620) (988,036) 76,305
Capital expenditures 428,420 872,094 1,305,696
Identifiable assets 5,430,591 8,679,954 5,430,591 8,679,954
CHILE
Assets of Disposal Group, Including Discontinued Operation 168,900 168,900
MEXICO
Restructuring, Settlement and Impairment Provisions (26,256) (39,057) (439)
Gain (Loss) on Sale of Assets and Asset Impairment Charges (75,400)
Brazil [Member]
Operating revenues 1,848,918 2,208,034 2,902,350
Operating Income Loss Before Depreciation And Amortization (133,691) 311,129 674,632
Segment earnings (losses) (133,691) 311,129 674,632
Capital expenditures 218,855 461,458 632,796
Identifiable assets 2,991,959 3,705,642 2,991,959 3,705,642
Mexico [Member]
Operating revenues 1,417,163 1,872,697 2,109,573
Operating Income Loss Before Depreciation And Amortization (90,481) 179,896 561,059
Segment earnings (losses) (90,481) 179,896 561,059
Capital expenditures 168,750 375,522 523,555
Identifiable assets 1,721,710 2,695,091 1,721,710 2,695,091
Argentina [Member]
Operating revenues 424,972 636,448 685,201
Operating Income Loss Before Depreciation And Amortization 76,241 179,418 180,956
Segment earnings (losses) 76,241 179,418 180,956
Capital expenditures 26,308 21,183 56,825
Identifiable assets 279,714 451,041 279,714 451,041
Corporate and Eliminations [Member]
Operating revenues (2,333) (5,612) (3,889)
Operating Income Loss Before Depreciation And Amortization (144,733) (177,578) (287,343)
Segment earnings (losses) (144,733) (177,578) (287,343)
Capital expenditures 14,507 13,931 92,520
Identifiable assets $ 437,208 $ 1,828,180 $ 437,208 $ 1,828,180
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet87.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Quarterly Financial Data (Unaudited) (Quarterly Financial Data) (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified		 3 Months Ended 12 Months Ended
Dec. 31, 2014
 Sep. 30, 2014
 Jun. 30, 2014
 Mar. 31, 2014
 Dec. 31, 2013
 Sep. 30, 2013
 Jun. 30, 2013
 Mar. 31, 2013
 Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract]
Operating revenues $ 854,231 $ 926,727 $ 951,981 $ 955,781 $ 1,063,767 $ 1,085,633 $ 1,245,451 $ 1,316,716 $ 3,688,720 $ 4,711,567 $ 5,693,235
Operating income (loss) (335,737) (212,900) (350,553) (212,290) (155,666) (127,889) (40,653) (44,397) (1,111,480) (368,605) 493,742
Net loss from continuing operations (507,306) (456,753) (474,983) (338,270) (705,460) (259,507) (316,018) (153,103) (1,777,312) (1,434,088) (81,839)
Net (loss) income from discontinued operations $ (7,555) $ 13,306 $ (148,329) $ (37,808) $ (40,343) $ (40,434) $ (80,334) $ (54,400) $ (180,386) $ (215,511) $ (683,410)
Net loss from continuing operations, per common share, basic and diluted $ (2.95) $ (2.65) $ (2.76) $ (1.97) $ (10.31) $ (8.34) $ (0.48)
Net loss from continuing operations, per common share, basic and diluted $ (4.1) $ (1.51) $ (1.83) $ (0.89) $ (1.05) $ (1.26) $ (3.98)
Net (loss) income from discontinued operations, per common share, basic and diluted $ (0.04) $ 0.08 $ (0.86) $ (0.22) $ (0.23) $ (0.23) $ (0.47) $ (0.32)
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet88.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Quarterly Financial Data (Unaudited) Quarterly Financial Data (Unaudited) - Narrative (Details) (USD $)
In Millions, unless otherwise specified		 3 Months Ended 12 Months Ended
Sep. 30, 2014
 Mar. 31, 2014
 Mar. 31, 2013
 Dec. 31, 2012
Asset Impairment Charges $ 47.9 $ 38.2 $ 85.3 $ 22.8
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet89.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Condensed Consolidating Financial Statements (Narrative) (Details) (USD $)
 12 Months Ended 1 Months Ended
Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
 Aug. 31, 2009
 Dec. 31, 2009
 Mar. 31, 2011
 Dec. 31, 2011
Net Cash Provided by (Used in) Investing Activities $ (347,538,000) $ (177,612,000) $ (1,055,160,000)
Net cash (used in) provided by operating activities (628,716,000) (192,451,000) 353,183,000
Net Cash Provided by (Used in) Financing Activities (128,272,000) 776,591,000 (238,295,000)
NII Holdings Inc. (Parent) [Member]
Net Cash Provided by (Used in) Investing Activities (153,556,000) (206,031,000) (94,619,000)
Net cash (used in) provided by operating activities (95,925,000) (171,667,000) 3,293,000
Net Cash Provided by (Used in) Financing Activities (86,000) (1,010,000) (216,010,000)
Guarantor Subsidiaries [Member]
Net Cash Provided by (Used in) Investing Activities 25,378,000 (15,492,000) (92,574,000)
Net cash (used in) provided by operating activities (152,715,000) (159,744,000) (108,934,000)
Net Cash Provided by (Used in) Financing Activities 136,256,000 174,353,000 199,561,000
7.875% Senior Notes Due 2019 [Member]
Notes interest rate 7.88%
7.625% Senior Notes Due 2021 [Member]
Principal amount 1,450,000,000
Notes interest rate 7.63%
10.0% and 8.875% Senior Notes Due 2019 and 2016 [Member]
Senior Notes $ 1,300,000,000
10.0% Senior Notes Due 2016 [Member]
Notes interest rate 10.00%
Maturity Date August 15, 2016
8.875% Senior Notes Due 2019 [Member]
Notes interest rate 8.88%
Maturity Date December 15, 2019
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet90.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Condensed Consolidating Financial Statements (Condensed Consolidating Balance Sheet) (Details) (USD $)
In Thousands, unless otherwise specified		 Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
 Dec. 31, 2011
Cash and cash equivalents $ 573,600 $ 1,730,335 $ 1,364,953 $ 2,282,155
Short-term investments 153,612 585,760
Accounts receivable, net 398,678 511,406
Short-term intercompany receivables 0 0
Handset and accessory inventory 207,633 336,620
Deferred income taxes, net 50,692 127,395
Assets Held-for-sale, Current 0 59,096
Prepaid expenses and other 329,197 397,574
Total current assets 1,713,412 3,748,186
Property, plant and equipment, net 2,432,933 3,337,545
Investments in and advances to affiliates 0
Intangible assets, net 822,124 980,369
Deferred income taxes, net 5,767 26,713
Long-term intercompany receivables 0 0
Assets Held-for-sale, Long Lived 109,835
Other assets 456,355 477,306
Total assets 5,430,591 8,679,954
Accounts payable 279,804 346,128
Short-term intercompany payables 0 0
Accrued expenses and other 562,988 959,059
Deferred revenues 89,019 127,782
Current portion of long-term debt 777,569 96,839
Deposits related to 2013 sale of towers 0 720,013
Liabilities related to discontinued operations 0 36,769
Total current liabilities 1,709,380 2,286,590
Long-term debt 734,823 5,696,632
Deferred credits 58,088 108,991
Long-term intercompany payables 0 0
Liabilities of Disposal Group, Including Discontinued Operation, Noncurrent 0 5,326
Total liabilities 2,801,862 8,324,567
Other long-term liabilities 299,571 227,028
Total liabilities 2,801,862
External Liabilities Subject To Compromise 4,593,493
Intercompany Liabilities Subject To Compromise 0
Liabilities Subject to Compromise 4,593,493 0
Total stockholders' equity (1,964,764) 355,387
Total liabilities and stockholders' equity 5,430,591 8,679,954
NII Holdings Inc. (Parent) [Member]
Cash and cash equivalents 106,747 356,314 735,022 1,042,358
Short-term investments 0 0
Accounts receivable, net 0 0
Short-term intercompany receivables 27,803 31,803
Handset and accessory inventory 0 0
Deferred income taxes, net 0 0
Assets Held-for-sale, Current 0
Prepaid expenses and other 7,942 6,832
Total current assets 142,492 394,949
Property, plant and equipment, net 0 0
Investments in and advances to affiliates 0 1,867,753
Intangible assets, net 18,000 18,000
Deferred income taxes, net 0 16,025
Long-term intercompany receivables 1,393,109 1,474,658
Assets Held-for-sale, Long Lived 0
Other assets 947 29,381
Total assets 1,554,548 3,800,766
Accounts payable 0 0
Short-term intercompany payables 0 464,798
Accrued expenses and other 0 0
Deferred revenues 0 0
Current portion of long-term debt 0 0
Deposits related to 2013 sale of towers 0
Liabilities related to discontinued operations 0
Total current liabilities 0 464,798
Long-term debt 0 23
Deferred credits 1,529 3
Long-term intercompany payables 0 2,950,226
Liabilities of Disposal Group, Including Discontinued Operation, Noncurrent 0
Total liabilities 1,629 3,445,379
Other long-term liabilities 100 30,329
Total liabilities 1,629
External Liabilities Subject To Compromise 30,584 0
Intercompany Liabilities Subject To Compromise 3,487,099 0
Liabilities Subject to Compromise 3,517,683 0
Total stockholders' equity (1,964,764) 355,387
Total liabilities and stockholders' equity 1,554,548 3,800,766
NII Capital Corp. (Issuer) [Member]
Cash and cash equivalents 25,170 [1] 0 [1] 0 956
Short-term investments 0 [1] 0 [1]
Accounts receivable, net 0 [1] 0 [1]
Short-term intercompany receivables 65,130 [1] 129,810 [1]
Handset and accessory inventory 0 [1] 0 [1]
Deferred income taxes, net 0 [1] 0 [1]
Assets Held-for-sale, Current 0 [1]
Prepaid expenses and other 0 [1] 0 [1]
Total current assets 90,300 [1] 129,810 [1]
Property, plant and equipment, net 0 [1] 0 [1]
Investments in and advances to affiliates 1,503,202 [1]
Intangible assets, net 0 [1] 0 [1]
Deferred income taxes, net 13,561 [1] 0 [1]
Long-term intercompany receivables 3,488,284 [1] 3,714,760 [1]
Assets Held-for-sale, Long Lived 0 [1]
Other assets 0 [1] 32,556 [1]
Total assets 3,592,145 [1] 5,380,328 [1]
Accounts payable 0 [1] 0 [1]
Short-term intercompany payables 9,764 [1] 132,007 [1]
Accrued expenses and other 0 [1] 59,490 [1]
Deferred revenues 0 [1] 0 [1]
Current portion of long-term debt 0 [1] 0 [1]
Deposits related to 2013 sale of towers 0
Liabilities related to discontinued operations 0 [1]
Total current liabilities 9,764 [1] 191,497 [1]
Long-term debt 0 [1] 2,729,321 [1]
Deferred credits 0 [1] 2,950 [1]
Long-term intercompany payables 0 [1] 0 [1]
Liabilities of Disposal Group, Including Discontinued Operation, Noncurrent 0 [1]
Total liabilities 2,923,768 [1]
Other long-term liabilities 0 [1] 0 [1]
Total liabilities 9,764 [1]
External Liabilities Subject To Compromise 2,858,128 [1]
Intercompany Liabilities Subject To Compromise 115,458 [1]
Liabilities Subject to Compromise 2,973,586 [1]
Total stockholders' equity 608,795 2,456,560 [1]
Total liabilities and stockholders' equity 3,592,145 [1] 5,380,328 [1]
Guarantor Subsidiaries [Member]
Cash and cash equivalents 14,505 [2] 5,586 [2] 6,469 8,416
Short-term investments 0 [2] 0 [2]
Accounts receivable, net 290 [2] 627 [2]
Short-term intercompany receivables 99,459 [2] 72,595 [2]
Handset and accessory inventory 0 [2] 0 [2]
Deferred income taxes, net 857 [2] 1,145 [2]
Assets Held-for-sale, Current 0 [2]
Prepaid expenses and other 8,352 [2] 7,914 [2]
Total current assets 123,463 [2] 87,867 [2]
Property, plant and equipment, net 48,168 [2] 130,729 [2]
Investments in and advances to affiliates 1,562,080 [2]
Intangible assets, net 0 [2] 0 [2]
Deferred income taxes, net 0 [2] 0 [2]
Long-term intercompany receivables 342,883 [2] 701,680 [2]
Assets Held-for-sale, Long Lived 0 [2]
Other assets 392 [2] 15,383 [2]
Total assets 514,906 [2] 2,497,739 [2]
Accounts payable 1,995 [2] 727 [2]
Short-term intercompany payables 4,958 [2] 1,485,835 [2]
Accrued expenses and other 18,993 [2] 26,089 [2]
Deferred revenues 0 [2] 0 [2]
Current portion of long-term debt 0 [2] 1,871 [2]
Deposits related to 2013 sale of towers 0
Liabilities related to discontinued operations 0 [2]
Total current liabilities 25,946 [2] 1,514,522 [2]
Long-term debt 0 [2] 33,864 [2]
Deferred credits 14,524 [2] 15,384 [2]
Long-term intercompany payables 0 [2] 10,390 [2]
Liabilities of Disposal Group, Including Discontinued Operation, Noncurrent 0 [2]
Total liabilities 1,584,408 [2]
Other long-term liabilities 2,217 [2] 10,248 [2]
Total liabilities 42,687 [2]
External Liabilities Subject To Compromise 9,899 [2]
Intercompany Liabilities Subject To Compromise 1,492,946 [2]
Liabilities Subject to Compromise 1,502,845 [2]
Total stockholders' equity (1,030,626) 913,331 [2]
Total liabilities and stockholders' equity 514,906 [2] 2,497,739 [2]
Prior Group of Non-Guarantor Subsidiaries [Member]
Cash and cash equivalents 427,178 1,368,435 623,462 1,230,425
Short-term investments 153,612 585,760
Accounts receivable, net 398,388 510,779
Short-term intercompany receivables 7,030 4,779
Handset and accessory inventory 207,633 336,620
Deferred income taxes, net 49,835 126,250
Assets Held-for-sale, Current 59,096
Prepaid expenses and other 312,903 382,828
Total current assets 1,556,579 3,374,547
Property, plant and equipment, net 2,384,765 3,207,103
Investments in and advances to affiliates 0
Intangible assets, net 804,124 962,369
Deferred income taxes, net 5,772 26,716
Long-term intercompany receivables 1,354 1,354
Assets Held-for-sale, Long Lived 109,835
Other assets 455,016 399,986
Total assets 5,207,610 8,081,910
Accounts payable 277,809 345,401
Short-term intercompany payables 182,239 159,322
Accrued expenses and other 544,528 873,702
Deferred revenues 89,019 127,782
Current portion of long-term debt 777,569 94,968
Deposits related to 2013 sale of towers 720,013
Liabilities related to discontinued operations 36,769
Total current liabilities 1,871,164 2,357,957
Long-term debt 734,823 2,933,424
Deferred credits 55,601 106,682
Long-term intercompany payables 139,206 929,990
Liabilities of Disposal Group, Including Discontinued Operation, Noncurrent 5,326
Total liabilities 6,519,830
Other long-term liabilities 297,254 186,451
Total liabilities 3,098,048
External Liabilities Subject To Compromise 1,694,882
Intercompany Liabilities Subject To Compromise 709,392
Liabilities Subject to Compromise 2,404,274
Total stockholders' equity (294,712) 1,562,080
Total liabilities and stockholders' equity 5,207,610 8,081,910
Prior Consolidating Adjustments [Member]
Cash and cash equivalents 0 0 0 0
Short-term investments 0 0
Accounts receivable, net 0 0
Short-term intercompany receivables (199,422) (238,987)
Handset and accessory inventory 0 0
Deferred income taxes, net 0 0
Assets Held-for-sale, Current 0
Prepaid expenses and other 0 0
Total current assets (199,422) (238,987)
Property, plant and equipment, net 0 (287)
Investments in and advances to affiliates (4,933,035)
Intangible assets, net 0 0
Deferred income taxes, net (13,566) (16,028)
Long-term intercompany receivables (5,225,630) (5,892,452)
Assets Held-for-sale, Long Lived 0
Other assets 0 0
Total assets (5,438,618) (11,080,789)
Accounts payable 0 0
Short-term intercompany payables (196,961) (2,241,962)
Accrued expenses and other (533) (222)
Deferred revenues 0 0
Current portion of long-term debt 0 0
Deposits related to 2013 sale of towers 0
Liabilities related to discontinued operations 0
Total current liabilities (197,494) (2,242,184)
Long-term debt 0 0
Deferred credits (13,566) (16,028)
Long-term intercompany payables (139,206) (3,890,606)
Liabilities of Disposal Group, Including Discontinued Operation, Noncurrent 0
Total liabilities (6,148,818)
Other long-term liabilities 0 0
Total liabilities (350,266)
External Liabilities Subject To Compromise 0
Intercompany Liabilities Subject To Compromise (5,804,895)
Liabilities Subject to Compromise (5,804,895)
Total stockholders' equity 716,543 (4,931,971)
Total liabilities and stockholders' equity $ (5,438,618) $ (11,080,789)
[1] NII Capital Corp. is the issuer of our 7.625% senior notes due 2021, our 10.0% senior notes due 2016 and our 8.875% senior notes due 2019.
[2] Represents our subsidiaries that have provided guarantees of the obligations of NII Capital Corp. under our 7.625% senior notes due 2021, our 10.0% senior notes due 2016 and our 8.875% notes due 2019.
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet91.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Condensed Consolidating Financial Statements (Condensed Consolidating Statement of Operations) (Details) (USD $)
In Thousands, unless otherwise specified		 3 Months Ended 12 Months Ended
Dec. 31, 2014
 Sep. 30, 2014
 Jun. 30, 2014
 Mar. 31, 2014
 Dec. 31, 2013
 Sep. 30, 2013
 Jun. 30, 2013
 Mar. 31, 2013
 Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
Operating revenues $ 854,231 $ 926,727 $ 951,981 $ 955,781 $ 1,063,767 $ 1,085,633 $ 1,245,451 $ 1,316,716 $ 3,688,720 $ 4,711,567 $ 5,693,235
Cost of revenues (exclusive of depreciation and amortization included below) 2,282,326 2,276,929 2,302,009
Selling, general and administrative 1,699,058 1,941,773 2,261,922
Restructuring, Settlement and Impairment Provisions 220,742 168,543 30,401
Gain (Loss) on Sale of Assets and Asset Impairment Charges (74,631) 0 0
Management fee and other 0 0 0
Depreciation and amortization 672,705 692,927 605,161
Total operating expenses 4,800,200 5,080,172 5,199,493
Operating income (335,737) (212,900) (350,553) (212,290) (155,666) (127,889) (40,653) (44,397) (1,111,480) (368,605) 493,742
Interest expense, net (449,345) (526,530) (359,795)
Intercompany interest expense 0 0 0
Interest income 66,425 43,327 33,785
Intercompany interest income 0 0 0
Foreign currency transaction losses, net (130,499) (123,369) (63,330)
Equity in income of affiliates 0 0 0
Other income (expense), net (6,721) (12,859) (28,097)
Total other expense (520,140) (619,431) (417,437)
(Loss) income from continuing operations before reorganization items and income tax provision (1,631,620) (988,036) 76,305
Reorganization Items (71,601) 0 0
Income tax provision (Note 13) (74,091) (446,052) (158,144)
Net loss from continuing operations (507,306) (456,753) (474,983) (338,270) (705,460) (259,507) (316,018) (153,103) (1,777,312) (1,434,088) (81,839)
Loss from discontinued operations, net of income taxes (Note 5) (7,555) 13,306 (148,329) (37,808) (40,343) (40,434) (80,334) (54,400) (180,386) (215,511) (683,410)
Net loss (1,957,698) (1,649,599) (765,249)
Comprehensive loss, net of income taxes
Foreign currency translation adjustment (340,847) (334,893) (97,589)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax (33,885) 0 0
Other (544) 2,257 (1,802)
Other comprehensive loss (375,276) (332,636) (99,391)
Net (loss) income (1,957,698) (1,649,599) (765,249)
Total comprehensive loss (2,332,974) (1,982,235) (864,640)
NII Holdings Inc. (Parent) [Member]
Operating revenues 0 0 0
Cost of revenues (exclusive of depreciation and amortization included below) 0 0 0
Selling, general and administrative 2,145 3,136 3,180
Restructuring, Settlement and Impairment Provisions 0 0 0
Gain (Loss) on Sale of Assets and Asset Impairment Charges 0
Management fee and other 0 0 0
Depreciation and amortization 0 0 0
Total operating expenses 2,145 3,136 3,180
Operating income (2,145) (3,136) (3,180)
Interest expense, net (570) (562) (23,646)
Intercompany interest expense (165,324) (234,799) (215,501)
Interest income 280 913 15,292
Intercompany interest income 411 1,340 1
Foreign currency transaction losses, net 0 0 0
Equity in income of affiliates (1,805,438) (1,473,856) (639,902)
Other income (expense), net 8,212 36,017 86,324
Total other expense (1,962,429) (1,670,947) (777,432)
(Loss) income from continuing operations before reorganization items and income tax provision (1,964,574) (1,674,083) (780,612)
Reorganization Items (291) 0 0
Income tax provision (Note 13) 7,167 24,484 15,363
Net loss from continuing operations (1,957,698) (1,649,599) (765,249)
Loss from discontinued operations, net of income taxes (Note 5) 0 0 0
Net loss (1,957,698) (1,649,599) (765,249)
Comprehensive loss, net of income taxes
Foreign currency translation adjustment (340,847) (334,893) (97,589)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax (33,885) 0 0
Other (544) 2,257 (1,802)
Other comprehensive loss (375,276) (332,636) (99,391)
Net (loss) income (1,957,698) (1,649,599) (765,249)
Total comprehensive loss (2,332,974) (1,982,235) (864,640)
NII Capital Corp. (Issuer) [Member]
Operating revenues 0 0 0
Cost of revenues (exclusive of depreciation and amortization included below) 0 0 0
Selling, general and administrative 2,567 0 2
Restructuring, Settlement and Impairment Provisions 0 0 0
Gain (Loss) on Sale of Assets and Asset Impairment Charges 0
Management fee and other 0 0 0
Depreciation and amortization 0 0 0
Total operating expenses 2,567 0 2
Operating income (2,567) 0 (2)
Interest expense, net (171,646) (240,132) (229,652)
Intercompany interest expense 0 0 0
Interest income 1 0 24,181
Intercompany interest income 200,467 284,709 261,352
Foreign currency transaction losses, net 0 0 0
Equity in income of affiliates (1,593,607) (1,274,274) (443,294)
Other income (expense), net 0 0 0
Total other expense (1,564,785) (1,229,697) (387,413)
(Loss) income from continuing operations before reorganization items and income tax provision (1,567,352) (1,229,697) (387,415)
Reorganization Items (45,652)
Income tax provision (Note 13) 6,747 (16,548) (19,731)
Net loss from continuing operations (1,606,257) (1,246,245) (407,146)
Loss from discontinued operations, net of income taxes (Note 5) 0 0 0
Net loss (1,606,257) (1,246,245) (407,146)
Comprehensive loss, net of income taxes
Foreign currency translation adjustment (342,432) (335,183) (96,593)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax (33,885)
Other (544) 2,257 (1,802)
Other comprehensive loss (376,861) (332,926) (98,395)
Net (loss) income (1,606,257) (1,246,245) (407,146)
Total comprehensive loss (1,983,118) (1,579,171) (505,541)
Guarantor Subsidiaries [Member]
Operating revenues 2,143 3,114 3,071
Cost of revenues (exclusive of depreciation and amortization included below) 0 0 73
Selling, general and administrative 140,119 167,180 309,680
Restructuring, Settlement and Impairment Provisions 63,393 97,063 0
Gain (Loss) on Sale of Assets and Asset Impairment Charges 0
Management fee and other (48,852) (75,116) (126,971)
Depreciation and amortization 19,309 28,055 36,079
Total operating expenses 173,969 217,182 218,861
Operating income (171,826) (214,068) (215,790)
Interest expense, net (543) (1,379) (2,072)
Intercompany interest expense (50) (59) 0
Interest income 9 9 801
Intercompany interest income 1,317 549 186
Foreign currency transaction losses, net 0 0 0
Equity in income of affiliates (1,589,367) (1,269,438) (434,443)
Other income (expense), net (2) 612 101
Total other expense (1,588,636) (1,269,706) (435,427)
(Loss) income from continuing operations before reorganization items and income tax provision (1,760,462) (1,483,774) (651,217)
Reorganization Items (13,932)
Income tax provision (Note 13) (18,678) (18,111) (24,833)
Net loss from continuing operations (1,793,072) (1,501,885) (676,050)
Loss from discontinued operations, net of income taxes (Note 5) 0 0 0
Net loss (1,793,072) (1,501,885) (676,050)
Comprehensive loss, net of income taxes
Foreign currency translation adjustment (342,432) (335,183) (96,593)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax (33,885)
Other (544) 2,257 (1,802)
Other comprehensive loss (376,861) (332,926) (98,395)
Net (loss) income (1,793,072) (1,501,885) (676,050)
Total comprehensive loss (2,169,933) (1,834,811) (774,445)
Prior Group of Non-Guarantor Subsidiaries [Member]
Operating revenues 3,688,369 4,711,525 5,694,718
Cost of revenues (exclusive of depreciation and amortization included below) 2,282,326 2,276,929 2,303,419
Selling, general and administrative 1,561,410 1,779,719 1,962,033
Restructuring, Settlement and Impairment Provisions 157,349 71,480 30,401
Gain (Loss) on Sale of Assets and Asset Impairment Charges (74,631)
Management fee and other 51,672 106,264 225,202
Depreciation and amortization 653,396 664,872 569,082
Total operating expenses 4,631,522 4,899,264 5,090,137
Operating income (943,153) (187,739) 604,581
Interest expense, net (478,784) (284,457) (104,425)
Intercompany interest expense 165,374 (51,740) (84,202)
Interest income 66,135 42,405 (6,489)
Intercompany interest income 3 0 38,164
Foreign currency transaction losses, net (130,499) (123,369) (63,330)
Equity in income of affiliates 0 0 0
Other income (expense), net (7,706) (13,150) (6,389)
Total other expense (385,477) (430,311) (226,671)
(Loss) income from continuing operations before reorganization items and income tax provision (1,328,630) (618,050) 377,910
Reorganization Items (11,726)
Income tax provision (Note 13) (69,327) (435,877) (128,943)
Net loss from continuing operations (1,409,683) (1,053,927) 248,967
Loss from discontinued operations, net of income taxes (Note 5) (179,686) (215,511) (683,410)
Net loss (1,589,369) (1,269,438) (434,443)
Comprehensive loss, net of income taxes
Foreign currency translation adjustment (342,432) (335,183) (96,593)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax (33,885)
Other (544) 2,257 (1,802)
Other comprehensive loss (376,861) (332,926) (98,395)
Net (loss) income (1,589,369) (1,269,438) (434,443)
Total comprehensive loss (1,966,230) (1,602,364) (532,838)
Prior Consolidating Adjustments [Member]
Operating revenues (1,792) (3,072) (4,554)
Cost of revenues (exclusive of depreciation and amortization included below) 0 0 (1,483)
Selling, general and administrative (7,183) (8,262) (12,973)
Restructuring, Settlement and Impairment Provisions 0 0 0
Gain (Loss) on Sale of Assets and Asset Impairment Charges 0
Management fee and other (2,820) (31,148) (98,231)
Depreciation and amortization 0 0 0
Total operating expenses (10,003) (39,410) (112,687)
Operating income 8,211 36,338 108,133
Interest expense, net 202,198 0 0
Intercompany interest expense 0 286,598 299,703
Interest income 0 0 0
Intercompany interest income (202,198) (286,598) (299,703)
Foreign currency transaction losses, net 0 0 0
Equity in income of affiliates 4,988,412 4,017,568 1,517,639
Other income (expense), net (7,225) (36,338) (108,133)
Total other expense 4,981,187 3,981,230 1,409,506
(Loss) income from continuing operations before reorganization items and income tax provision 4,989,398 4,017,568 1,517,639
Reorganization Items 0
Income tax provision (Note 13) 0 0 0
Net loss from continuing operations 4,989,398 4,017,568 1,517,639
Loss from discontinued operations, net of income taxes (Note 5) (700) 0 0
Net loss 4,988,698 4,017,568 1,517,639
Comprehensive loss, net of income taxes
Foreign currency translation adjustment 1,027,296 1,005,549 289,779
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax 101,655
Other 1,632 (6,771) 5,406
Other comprehensive loss 1,130,583 998,778 295,185
Net (loss) income 4,988,698 4,017,568 1,517,639
Total comprehensive loss $ 6,119,281 $ 5,016,346 $ 1,812,824
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet92.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Condensed Consolidating Financial Statements (Condensed Consolidating Statement of Cash Flows) (Details) (USD $)
In Thousands, unless otherwise specified		 12 Months Ended
Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
Cash flows from operating activities:
Net loss $ (1,957,698) $ (1,649,599) $ (765,249)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities 1,391,565 1,621,281 1,328,968
Total operating cash (used in) provided by continuing operations (566,133) (28,318) 563,719
Total operating cash used in discontinued operations (62,583) (164,133) (210,536)
Net cash (used in) provided by operating activities (628,716) (192,451) 353,183
Cash flows from investing activities:
Capital expenditures (612,161) (620,895) (953,882)
Purchases of licenses (53,066) (100,185)
Purchase of investments (1,637,913) (2,360,529) (1,678,918)
Proceeds from sales of investments 2,092,459 1,942,886 1,813,783
Increase (Decrease) in Restricted Cash 137,827 39,436 4,087
(Payments) proceeds related to 2013 sale of towers, net (39,618) 721,404 0
Transfers to restricted cash (41,709) (11,969)
Transfers from restricted cash 2,273 7,882
Proceeds from 2013 sale of towers, net 721,404 0
Investment in subsidiaries 0 0 0
Other, net (38,098) 207 1,018
Total investing cash used in continuing operations (333,540) (409,429) (922,271)
Total investing cash (used in) provided by discontinued operations (13,998) 231,817 (132,889)
Net cash used in investing activities (347,538) (177,612) (1,055,160)
Net Cash Provided by (Used in) Financing Activities [Abstract]
Proceeds from issuance of senior notes 0 1,600,000 0
Borrowings under line of credit 1,600,000 212,770
Borrowings under equipment financing 14,590 145,077 233,776
Repayments under syndicated loan facilities (48,920) (323,919) (97,403)
Repayments of import financing (37,422) (175,923)
Repayments Under Tower Financing and Other Borrowings 39,243 63,495
Payment of line of credit (54,067)
Intercompany dividends 0 0
Capital contributions 0 0 0
Proceeds From Intercompany Long Term Loan 0
Repayments of Convertible Debt 0 0 (212,782)
Payment of line of credit (362,735)
Other, net (632) (27,950) (124,723)
Total financing cash (used in) provided by continuing operations (128,272) 929,556 (164,285)
Total financing cash used in discontinued operations 0 (152,965) (74,010)
Net cash (used in) provided by financing activities (128,272) 776,591 (238,295)
Effect of exchange rate changes on cash and cash equivalents (55,657) (56,236) 844
Change in cash and cash equivalents related to discontinued operations 3,448 15,090 22,226
Net (decrease) increase in cash and cash equivalents (1,156,735) 365,382 (917,202)
Cash and cash equivalents, beginning of year 1,730,335 1,364,953 2,282,155
Cash and cash equivalents, end of year 573,600 1,730,335 1,364,953
NII Holdings Inc. (Parent) [Member]
Cash flows from operating activities:
Net loss (1,957,698) (1,649,599) (765,249)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities 1,861,773 1,477,932 768,542
Total operating cash (used in) provided by continuing operations (95,925) (171,667) 3,293
Total operating cash used in discontinued operations 0 0 0
Net cash (used in) provided by operating activities (95,925) (171,667) 3,293
Cash flows from investing activities:
Capital expenditures 0 0 0
Purchases of licenses 0 0
Purchase of investments 0 0 0
Proceeds from sales of investments 0 0 224,330
Increase (Decrease) in Restricted Cash (25,300) 15,050 0
Transfers to restricted cash (15,050) 0
Transfers from restricted cash 0 0
Proceeds from 2013 sale of towers, net 0 0
Investment in subsidiaries (180,712) (191,526) (318,949)
Other, net 1,856 545 0
Total investing cash used in continuing operations (153,556) (206,031) (94,619)
Total investing cash (used in) provided by discontinued operations 0 0 0
Net cash used in investing activities (153,556) (206,031) (94,619)
Net Cash Provided by (Used in) Financing Activities [Abstract]
Borrowings under line of credit 0 0
Borrowings under equipment financing 0 0 0
Repayments under syndicated loan facilities 0 0 0
Repayments of import financing 0 0
Repayments Under Tower Financing and Other Borrowings 0 0
Payment of line of credit 0
Intercompany dividends 0 0
Capital contributions 0 0 0
Proceeds From Intercompany Long Term Loan 0
Repayments of Convertible Debt 0 0 (212,782)
Payment of line of credit 0
Other, net (86) (1,010) (3,228)
Total financing cash (used in) provided by continuing operations (1,010) (216,010)
Total financing cash used in discontinued operations 0 0
Net cash (used in) provided by financing activities (86) (1,010) (216,010)
Effect of exchange rate changes on cash and cash equivalents 0 0 0
Change in cash and cash equivalents related to discontinued operations 0 0 0
Net (decrease) increase in cash and cash equivalents (249,567) (378,708) (307,336)
Cash and cash equivalents, beginning of year 356,314 735,022 1,042,358
Cash and cash equivalents, end of year 106,747 356,314 735,022
NII Holdings,Inc. (Parent and Guarantor) [Member]
Cash flows from investing activities:
Other, net 1,856
NII Capital Corp. (Issuer) [Member]
Cash flows from operating activities:
Net loss (1,606,257) (1,246,245) (407,146)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities 1,631,873 1,298,129 567,599
Total operating cash (used in) provided by continuing operations 25,616 51,884 160,453
Total operating cash used in discontinued operations 0 0 0
Net cash (used in) provided by operating activities 25,616 51,884 160,453
Cash flows from investing activities:
Capital expenditures 0 0 0
Purchases of licenses 0 0
Purchase of investments 0 0 0
Proceeds from sales of investments 0 0 0
Increase (Decrease) in Restricted Cash 0
Transfers to restricted cash 0 0
Transfers from restricted cash 0 0
Proceeds from 2013 sale of towers, net 0 0
Investment in subsidiaries (446) (1,974) (9,445)
Other, net 0 0 0
Total investing cash used in continuing operations (446) (1,974) (9,445)
Total investing cash (used in) provided by discontinued operations 0 0 0
Net cash used in investing activities (446) (1,974) (9,445)
Net Cash Provided by (Used in) Financing Activities [Abstract]
Borrowings under line of credit 0 0
Borrowings under equipment financing 0 0 0
Repayments under syndicated loan facilities 0 0 0
Repayments of import financing 0 0
Repayments Under Tower Financing and Other Borrowings 0 0
Payment of line of credit 0
Intercompany dividends (49,910) (151,186)
Capital contributions 20 20 0
Proceeds From Intercompany Long Term Loan 0
Repayments of Convertible Debt 0
Payment of line of credit 0
Other, net (20) (20) (778)
Total financing cash (used in) provided by continuing operations (49,910) (151,964)
Total financing cash used in discontinued operations 0 0
Net cash (used in) provided by financing activities 0 (49,910) (151,964)
Effect of exchange rate changes on cash and cash equivalents 0 0 0
Change in cash and cash equivalents related to discontinued operations 0 0 0
Net (decrease) increase in cash and cash equivalents 25,170 0 (956)
Cash and cash equivalents, beginning of year 0 [1] 0 956
Cash and cash equivalents, end of year 25,170 [1] 0 [1] 0
Guarantor Subsidiaries [Member]
Cash flows from operating activities:
Net loss (1,793,072) (1,501,885) (676,050)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities 1,640,357 1,340,701 564,974
Total operating cash (used in) provided by continuing operations (152,715) (161,184) (111,076)
Total operating cash used in discontinued operations 0 1,440 2,142
Net cash (used in) provided by operating activities (152,715) (159,744) (108,934)
Cash flows from investing activities:
Capital expenditures (7,012) (14,232) (92,574)
Purchases of licenses 0 0
Purchase of investments 0 0 0
Proceeds from sales of investments 0 0 0
Increase (Decrease) in Restricted Cash 0
Transfers to restricted cash 0 0
Transfers from restricted cash 0 0
Proceeds from 2013 sale of towers, net 0 0
Investment in subsidiaries 0 (1,260) 0
Other, net 32,390 0 0
Total investing cash used in continuing operations 25,378 (15,492) (92,574)
Total investing cash (used in) provided by discontinued operations 0 0 0
Net cash used in investing activities 25,378 (15,492) (92,574)
Net Cash Provided by (Used in) Financing Activities [Abstract]
Borrowings under line of credit 0 0
Borrowings under equipment financing 0 0 0
Repayments under syndicated loan facilities (42,414) 0 0
Repayments of import financing 0 0
Repayments Under Tower Financing and Other Borrowings 0 16,608
Payment of line of credit 0
Intercompany dividends 0 (100,320)
Capital contributions 180,525 191,506 318,949
Proceeds From Intercompany Long Term Loan 300
Repayments of Convertible Debt 0
Payment of line of credit 0
Other, net (1,855) (545) (19,368)
Total financing cash (used in) provided by continuing operations 174,353 199,561
Total financing cash used in discontinued operations 0 0
Net cash (used in) provided by financing activities 136,256 174,353 199,561
Effect of exchange rate changes on cash and cash equivalents 0 0 0
Change in cash and cash equivalents related to discontinued operations 0 0 0
Net (decrease) increase in cash and cash equivalents 8,919 (883) (1,947)
Cash and cash equivalents, beginning of year 5,586 [2] 6,469 8,416
Cash and cash equivalents, end of year 14,505 [2] 5,586 [2] 6,469
Prior Group of Non-Guarantor Subsidiaries [Member]
Cash flows from operating activities:
Net loss (1,589,369) (1,269,438) (434,443)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities 1,246,260 1,571,997 1,296,998
Total operating cash (used in) provided by continuing operations (343,109) 302,559 862,555
Total operating cash used in discontinued operations (62,583) (165,573) (212,678)
Net cash (used in) provided by operating activities (405,692) 136,986 649,877
Cash flows from investing activities:
Capital expenditures (605,149) (606,663) (861,308)
Purchases of licenses (53,066) (100,185)
Purchase of investments (1,637,913) (2,360,529) (1,678,918)
Proceeds from sales of investments 2,092,459 1,942,886 1,589,453
Increase (Decrease) in Restricted Cash 163,127
Transfers to restricted cash (26,659) (11,969)
Transfers from restricted cash 2,273 7,882
Proceeds from 2013 sale of towers, net 721,404 (300)
Investment in subsidiaries 0 0 0
Other, net (70,488) 191 1,018
Total investing cash used in continuing operations (384,218) (380,163) (1,054,327)
Total investing cash (used in) provided by discontinued operations (13,998) 231,817 (132,889)
Net cash used in investing activities (398,216) (148,346) (1,187,216)
Net Cash Provided by (Used in) Financing Activities [Abstract]
Borrowings under line of credit 1,600,000 212,770
Borrowings under equipment financing 14,590 145,077 233,776
Repayments under syndicated loan facilities (6,506) (323,919) (97,403)
Repayments of import financing (37,422) (175,923)
Repayments Under Tower Financing and Other Borrowings 39,243 46,887
Payment of line of credit (54,067)
Intercompany dividends 0 (100,000)
Capital contributions 613 3,234 9,445
Proceeds From Intercompany Long Term Loan 0
Repayments of Convertible Debt 0
Payment of line of credit (362,735)
Other, net (527) (26,904) (101,349)
Total financing cash (used in) provided by continuing operations 950,444 (18,684)
Total financing cash used in discontinued operations (152,965) (74,010)
Net cash (used in) provided by financing activities (85,140) 797,479 (92,694)
Effect of exchange rate changes on cash and cash equivalents (55,657) (56,236) 844
Change in cash and cash equivalents related to discontinued operations 3,448 15,090 22,226
Net (decrease) increase in cash and cash equivalents (941,257) 744,973 (606,963)
Cash and cash equivalents, beginning of year 1,368,435 623,462 1,230,425
Cash and cash equivalents, end of year 427,178 1,368,435 623,462
Prior Consolidating Adjustments [Member]
Cash flows from operating activities:
Net loss 4,988,698 4,017,568 1,517,639
Adjustments to reconcile net loss to net cash (used in) provided by operating activities (4,988,698) (4,067,478) (1,869,145)
Total operating cash (used in) provided by continuing operations 0 (49,910) (351,506)
Total operating cash used in discontinued operations 0 0 0
Net cash (used in) provided by operating activities 0 (49,910) (351,506)
Cash flows from investing activities:
Capital expenditures 0 0 0
Purchases of licenses 0 0
Purchase of investments 0 0 0
Proceeds from sales of investments 0 0 0
Increase (Decrease) in Restricted Cash 0
Transfers to restricted cash 0 0
Transfers from restricted cash 0 0
Proceeds from 2013 sale of towers, net 0 300
Investment in subsidiaries 181,158 194,760 328,394
Other, net (1,856) (529) 0
Total investing cash used in continuing operations 179,302 194,231 328,694
Total investing cash (used in) provided by discontinued operations 0 0 0
Net cash used in investing activities 179,302 194,231 328,694
Net Cash Provided by (Used in) Financing Activities [Abstract]
Borrowings under line of credit 0 0
Borrowings under equipment financing 0 0 0
Repayments under syndicated loan facilities 0 0 0
Repayments of import financing 0 0
Repayments Under Tower Financing and Other Borrowings 0 0
Payment of line of credit 0
Intercompany dividends 49,910 351,506
Capital contributions (181,158) (194,760) (328,394)
Proceeds From Intercompany Long Term Loan (300)
Repayments of Convertible Debt 0
Payment of line of credit 0
Other, net 1,856 529 0
Total financing cash (used in) provided by continuing operations (144,321) 22,812
Total financing cash used in discontinued operations 0 0
Net cash (used in) provided by financing activities (179,302) (144,321) 22,812
Effect of exchange rate changes on cash and cash equivalents 0 0 0
Change in cash and cash equivalents related to discontinued operations 0 0 0
Net (decrease) increase in cash and cash equivalents 0 0 0
Cash and cash equivalents, beginning of year 0 0 0
Cash and cash equivalents, end of year $ 0 $ 0 $ 0
[1] NII Capital Corp. is the issuer of our 7.625% senior notes due 2021, our 10.0% senior notes due 2016 and our 8.875% senior notes due 2019.
[2] Represents our subsidiaries that have provided guarantees of the obligations of NII Capital Corp. under our 7.625% senior notes due 2021, our 10.0% senior notes due 2016 and our 8.875% notes due 2019.
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet93.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Subsequent Events (Details) (USD $)
In Millions, unless otherwise specified		 Dec. 31, 2014
Subsequent Event [Line Items]
Mexico Segment Sale Price $ 1,875
MEXICO
Subsequent Event [Line Items]
Disposal group, sale price, escrow deposit 32
Escrow Deposit For Breach of Representations, Warranties and Covenants 187.5
Termination Fee Upon Unsuccessful Bid 32
Expense Reimbursement Upon Unsuccessful Bid $ 10
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet94.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Schedule I - Condensed Financial Information of Registrant (Balance Sheet) (Details) (USD $)
In Thousands, unless otherwise specified		 Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
 Dec. 31, 2011
Current assets
Cash and cash equivalents $ 573,600 $ 1,730,335 $ 1,364,953 $ 2,282,155
Short-term intercompany receivables 0 0
Prepaid expenses and other 329,197 397,574
Total current assets 1,713,412 3,748,186
Investments in and advances to affiliates 0
Intangible assets, net 822,124 980,369
Deferred income taxes, net 5,767 26,713
Long-term intercompany receivables 0 0
Other assets 456,355 477,306
Total assets 5,430,591 8,679,954
Current liabilities
Short-term intercompany payables 0 0
Accrued expenses and other 562,988 959,059
Total current liabilities 1,709,380 2,286,590
Long-term intercompany payables 0 0
Other long-term liabilities 299,571 227,028
Total liabilities 2,801,862 8,324,567
External Liabilities Subject To Compromise 4,593,493
Intercompany Liabilities Subject To Compromise 0
Liabilities Subject to Compromise 4,593,493 0
Total stockholders' equity (1,964,764) 355,387
Total liabilities and stockholders' equity 5,430,591 8,679,954
NII Holdings Inc. (Parent) [Member]
Current assets
Cash and cash equivalents 106,747 356,314 735,022 1,042,358
Short-term intercompany receivables 27,803 31,803
Prepaid expenses and other 7,942 6,832
Total current assets 142,492 394,949
Investments in and advances to affiliates 0 1,867,753
Intangible assets, net 18,000 18,000
Deferred income taxes, net 0 16,025
Long-term intercompany receivables 1,393,109 1,474,658
Other assets 947 29,381
Total assets 1,554,548 3,800,766
Current liabilities
Short-term intercompany payables 0 464,798
Accrued expenses and other 0 0
Total current liabilities 0 464,798
Long-term intercompany payables 0 2,950,226
Other long-term liabilities 100 30,329
Other Liabilities, Noncurrent (Including Long-Term Debt) 1,629 30,355
Total liabilities 1,629 3,445,379
External Liabilities Subject To Compromise 30,584 0
Intercompany Liabilities Subject To Compromise 3,487,099 0
Liabilities Subject to Compromise 3,517,683 0
Total stockholders' equity (1,964,764) 355,387
Total liabilities and stockholders' equity $ 1,554,548 $ 3,800,766
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet95.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Schedule I - Condensed Financial Information of Registrant (Income Statement) (Details) (USD $)
In Thousands, unless otherwise specified		 3 Months Ended 12 Months Ended
Dec. 31, 2014
 Sep. 30, 2014
 Jun. 30, 2014
 Mar. 31, 2014
 Dec. 31, 2013
 Sep. 30, 2013
 Jun. 30, 2013
 Mar. 31, 2013
 Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
Condensed Income Statements, Captions [Line Items]
Operating revenues $ 854,231 $ 926,727 $ 951,981 $ 955,781 $ 1,063,767 $ 1,085,633 $ 1,245,451 $ 1,316,716 $ 3,688,720 $ 4,711,567 $ 5,693,235
Selling, general and administrative 1,699,058 1,941,773 2,261,922
Total operating expenses 4,800,200 5,080,172 5,199,493
Operating income (loss) (335,737) (212,900) (350,553) (212,290) (155,666) (127,889) (40,653) (44,397) (1,111,480) (368,605) 493,742
Interest expense, net (449,345) (526,530) (359,795)
Intercompany interest expense 0 0 0
Interest income 66,425 43,327 33,785
Intercompany interest income 0 0 0
Equity in income of affiliates 0 0 0
Other income (expense), net (6,721) (12,859) (28,097)
Total other expense (520,140) (619,431) (417,437)
(Loss) income from continuing operations before reorganization items and income tax provision (1,631,620) (988,036) 76,305
Reorganization Items (71,601) 0 0
Income tax provision (Note 13) (74,091) (446,052) (158,144)
Net loss (1,957,698) (1,649,599) (765,249)
Comprehensive loss, net of income taxes
Foreign currency translation adjustment (340,847) (334,893) (97,589)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax (33,885) 0 0
Other (544) 2,257 (1,802)
Other comprehensive loss (375,276) (332,636) (99,391)
Net loss (1,957,698) (1,649,599) (765,249)
Total comprehensive loss (2,332,974) (1,982,235) (864,640)
NII Holdings Inc. (Parent) [Member]
Condensed Income Statements, Captions [Line Items]
Operating revenues 0 0 0
Selling, general and administrative 2,145 3,136 3,180
Total operating expenses 2,145 3,136 3,180
Operating income (loss) (2,145) (3,136) (3,180)
Interest expense, net (570) (562) (23,646)
Intercompany interest expense (165,324) (234,799) (215,501)
Interest income 280 913 15,292
Intercompany interest income 411 1,340 1
Equity in income of affiliates (1,805,438) (1,473,856) (639,902)
Other income (expense), net 8,212 36,017 86,324
Other Nonoperating Income (All) 8,212 36,017 86,324
Total other expense (1,962,429) (1,670,947) (777,432)
(Loss) income from continuing operations before reorganization items and income tax provision (1,964,574) (1,674,083) (780,612)
Reorganization Items (291) 0 0
Income tax provision (Note 13) 7,167 24,484 15,363
Net loss (1,957,698) (1,649,599) (765,249)
Comprehensive loss, net of income taxes
Foreign currency translation adjustment (340,847) (334,893) (97,589)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax (33,885) 0 0
Other (544) 2,257 (1,802)
Other comprehensive loss (375,276) (332,636) (99,391)
Net loss (1,957,698) (1,649,599) (765,249)
Total comprehensive loss $ (2,332,974) $ (1,982,235) $ (864,640)
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet96.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Schedule I - Condensed Financial Information of Registrant (Statement of Cash Flows) (Details) (USD $)
In Thousands, unless otherwise specified		 12 Months Ended
Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
Cash flows from operating activities:
Net loss $ (1,957,698) $ (1,649,599) $ (765,249)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities 1,391,565 1,621,281 1,328,968
Net cash (used in) provided by operating activities (628,716) (192,451) 353,183
Cash flows from investing activities:
Purchase of investments (1,637,913) (2,360,529) (1,678,918)
Proceeds from sales of investments 2,092,459 1,942,886 1,813,783
Change in restricted cash and escrow accounts (137,827) (39,436) (4,087)
Transfers from restricted cash 2,273 7,882
Proceeds from 2013 sale of towers, net 721,404 0
Investment in subsidiaries 0 0 0
Payments for (Proceeds from) Other Investing Activities 38,098 (207) (1,018)
Intercompany dividends 0 0
Net cash used in investing activities (347,538) (177,612) (1,055,160)
Net Cash Provided by (Used in) Financing Activities [Abstract]
Repayments and purchases of convertible notes 0 0 (212,782)
Other, net (632) (27,950) (124,723)
Net cash (used in) provided by financing activities (128,272) 776,591 (238,295)
Net (decrease) increase in cash and cash equivalents (1,156,735) 365,382 (917,202)
Cash and cash equivalents, beginning of year 1,730,335 1,364,953 2,282,155
Cash and cash equivalents, end of year 573,600 1,730,335 1,364,953
NII Holdings Inc. (Parent) [Member]
Cash flows from operating activities:
Net loss (1,957,698) (1,649,599) (765,249)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities 1,861,773 1,477,932 768,542
Net cash (used in) provided by operating activities (95,925) (171,667) 3,293
Cash flows from investing activities:
Purchase of investments 0 0 0
Proceeds from sales of investments 0 0 224,330
Change in restricted cash and escrow accounts 25,300 (15,050) 0
Transfers from restricted cash 0 0
Proceeds from 2013 sale of towers, net 0 0
Investment in subsidiaries (180,712) (191,526) (318,949)
Payments for (Proceeds from) Other Investing Activities (1,856) (545) 0
Intercompany dividends 0 0
Net cash used in investing activities (153,556) (206,031) (94,619)
Net Cash Provided by (Used in) Financing Activities [Abstract]
Repayments and purchases of convertible notes 0 0 (212,782)
Other, net (86) (1,010) (3,228)
Net cash (used in) provided by financing activities (86) (1,010) (216,010)
Net (decrease) increase in cash and cash equivalents (249,567) (378,708) (307,336)
Cash and cash equivalents, beginning of year 356,314 735,022 1,042,358
Cash and cash equivalents, end of year 106,747 356,314 735,022
NII Holdings,Inc. (Parent and Guarantor) [Member]
Cash flows from investing activities:
Payments for (Proceeds from) Other Investing Activities $ (1,856)
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet97.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Schedule I - Condensed Financial Information of Registrant Table (Details) (USD $)
In Millions, unless otherwise specified		 12 Months Ended
Dec. 31, 2013
 Dec. 31, 2012
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Cash Dividends Paid to Parent Company $ 49.9 $ 151.2
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/Sheet98.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Schedule II - Valuation and Qualifying Accounts Schedule II - Valuation and Qualifying Accounts (Details) (USD $)
In Thousands, unless otherwise specified		 12 Months Ended
Dec. 31, 2014
 Dec. 31, 2013
 Dec. 31, 2012
 Dec. 31, 2011
Allowance for Doubtful Accounts [Member]
Valuation Allowances and Reserves, Balance $ 55,015 $ 54,531 $ 104,897 $ 62,030
Valuation Allowances and Reserves, Charged to Cost and Expense 114,784 111,460 214,454
Valuation Allowances and Reserves, Deductions 114,300 [1] 161,826 [1] 171,587 [1]
Valuation Allowance of Deferred Tax Assets [Member]
Valuation Allowances and Reserves, Balance 4,868,504 4,335,913 330,739 180,545
Valuation Allowances and Reserves, Charged to Cost and Expense 610,467 4,052,410 151,286
Valuation Allowances and Reserves, Deductions $ 77,876 [1] $ 47,236 [1] $ 1,092 [1]
[1] Includes the impact of foreign currency translation adjustments.
------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27 Content-Location: file:///C:/314c48e6_8681_4ac7_854e_49654f772a27/Worksheets/filelist.xml Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" ------=_NextPart_314c48e6_8681_4ac7_854e_49654f772a27--