Summary of CLEARWIRE CORP /DE

ITEM 8.01 Other Events

Clearwire Corporation (the "Company") is filing this Form 8-K to reflect the retrospective application of the new accounting guidance on the presentation of other comprehensive income (as revised). This guidance requires, among other things, that we report the total of comprehensive income (loss), the components of net income and the components of other comprehensive income (loss), either in a single continuous statement of comprehensive income (loss) or in two separate but consecutive statements. The impact of retrospectively adjusting for the adoption of this standard was immaterial to our historical financial statements.

The following presents the unaudited Consolidated Statements of Comprehensive Loss for the Company for each of the three years ended December 31, 2011, 2010 and 2009 and should be read in conjunction with the information in our 2011 Annual Report on Form 10-K.

                                                            Year ended December 31,
                                                     2011             2010             2009
                                                                 (in thousands)
Net loss:
Net loss from continuing operations             $ (2,855,733 )   $ (2,251,202 )   $ (1,208,588 )
Less: non-controlling interests in net loss
from continuing operations of consolidated
subsidiaries                                         2,158,831        1,775,840          894,841
Net loss from continuing operations
attributable to Clearwire Corporation                (696,902)        (475,362)        (313,747)
Net loss from discontinued operations                 (81,810)         (51,892)         (45,258)
Less: non-controlling interests in net (income)
loss from discontinued operations of
consolidated subsidiaries                               61,379           39,817           33,423
Net income (loss) from discontinued operations
attributable to Clearwire Corporation                 (20,431)         (12,075)         (11,835)
Net loss attributable to Clearwire Corporation       (717,333)        (487,437)        (325,582)
Other comprehensive income (loss):
Unrealized foreign currency gains (losses)
during the period                                      3,913          (7,047)              296
Less: reclassification adjustment of foreign
currency gains to net loss                                 -              825                -
Unrealized investment holding gains (losses)
during the period                                    (1,185)            2,354              1,919
Less: reclassification adjustment of investment
holding gains to net loss                            (4,945)                -                -
Other comprehensive income (loss)                      (2,217)          (3,868)            2,215
Less: non-controlling interests in other
comprehensive income (loss) of consolidated
subsidiaries                                           1,851            3,125          (1,664)
Other comprehensive income (loss) attributable
to Clearwire Corporation                                 (366)            (743)              551
Comprehensive loss:
Comprehensive loss                               (2,939,760)        (2,306,962)      (1,251,631)
Less: non-controlling interests in
comprehensive loss of consolidated subsidiaries      2,222,061        1,818,782          926,600
Comprehensive loss attributable to Clearwire
Corporation                                     $   (717,699 )   $   (488,180 )   $   (325,031 )