Nii (NIHD) 10-Q 6 May 10 2010 Q1 Quarterly report Financial data

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands	Mar. 31, 2010	Dec. 31, 2009
Current assets
Cash and cash equivalents	$2,650,735	$2,504,064
Short-term investments	30,540	116,289
Accounts receivable, less allowance for doubtful accounts of $38,555 and $35,148	632,357	613,591
Handset and accessory inventory	139,243	188,476
Deferred income taxes, net	169,324	148,498
Prepaid expenses and other	306,589	220,210
Total current assets	3,928,788	3,791,128
Property, plant and equipment, less accumulated depreciation of $1,583,864 and $1,451,219	2,513,691	2,502,189
Intangible assets, less accumulated amortization of $102,357 and $91,295	341,593	337,233
Deferred income taxes, net	471,596	494,343
Other assets	400,547	429,800
Total assets	7,656,215	7,554,693
Current liabilities
Accounts payable	142,557	186,996
Accrued expenses and other	577,994	599,209
Deferred revenues	141,883	136,533
Accrued interest	40,967	42,415
Current portion of long-term debt	584,000	564,544
Total current liabilities	1,487,401	1,529,697
Long-term debt	3,057,781	3,016,244
Deferred revenues	22,436	22,071
Deferred credits	83,166	93,932
Other long-term liabilities	156,865	145,912
Total liabilities	4,807,649	4,807,856
Stockholders' equity
Undesignated preferred stock, par value $0.001, 10,000 shares authorized-- 2010 and 2009, no shares issued or outstanding-- 2010 and 2009	0	0
Common stock, par value $0.001, 600,000 shares authorized-- 2010 and 2009, 167,075 shares issued and outstanding-- 2010, 166,730 shares issued and outstanding-- 2009	166	166
Paid-in capital	1,265,738	1,239,541
Retained earnings	1,723,360	1,674,898
Accumulated other comprehensive loss	(140,698)	(167,768)
Total stockholders' equity	2,848,566	2,746,837
Total liabilities and stockholders' equity	$7,656,215	$7,554,693

1_CONDENSED CONSOLIDATED BALANC

CONDENSED CONSOLIDATED BALANCE SHEETS [parentheticals] (USD $)
In Thousands, unless otherwise specified	Mar. 31, 2010	Dec. 31, 2009
Allowance for Doubtful Accounts Receivable, Current	$38,555	$35,148
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	1,583,864	1,451,219
Intangible Assets, Accumulated Amortization	$102,357	$91,295
Preferred Stock, Par or Stated Value Per Share	0.001	0.001
Preferred Stock, Shares Authorized	10,000	10,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share	0.001	0.001
Common Stock, Shares Authorized	600,000	600,000
Common Stock, Shares, Issued	167,075	166,730
Common Stock, Shares, Outstanding	167,075	166,730

CONDENSED CONSOLIDATING STATEME

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (USD $)
In Thousands, except Per Share data	3 Months Ended Mar. 31, 2010	3 Months Ended Mar. 31, 2009
Operating revenues
Service and other revenues	$1,217,670	$910,307
Digital handset and accessory revenues	65,476	51,007
Total operating revenues	1,283,146	961,314
Operating expenses
Cost of service (exclusive of depreciation and amortization included below)	349,525	255,899
Cost of digital handsets and accessories	172,828	145,249
Selling, general and administrative	419,426	315,026
Depreciation	120,740	86,352
Amortization	7,956	6,544
Total operating expenses	1,070,475	809,070
Operating income	212,671	152,244
Other income (expense)
Interest expense, net	(85,726)	(44,596)
Interest income	5,599	12,653
Foreign currency transaction losses, net	(25,083)	(7,314)
Other expense, net	(4,358)	(1,642)
Total other expense	(109,568)	(40,899)
Income before income tax provision	103,103	111,345
Income tax provision	(54,641)	(40,707)
Net income	48,462	70,638
Net income, per common share, basic	0.29	0.43
Net income, per common share, diluted	0.28	0.43
Weighted average number of common shares outstanding, basic	166,817	165,782
Weighted average number of common shares outstanding, diluted	170,475	166,043
Comprehensive income (loss), net of income taxes
Foreign currency translation adjustment	28,793	(80,156)
Other	(1,723)	366
Other comprehensive income (loss)	27,070	(79,790)
Net income	48,462	70,638
Total comprehensive income (loss)	$75,532	($9,152)

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (USD $)
In Thousands	Common Stock	Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Total
Balance at Dec. 31, 2009	$166	$1,239,541	$1,674,898	($167,768)	$2,746,837
Shares Balance at Dec. 31, 2009	166,730
Net income			48,462		48,462
Other comprehensive income (loss)				27,070	27,070
Exercise of stock options, value		8,023			8,023
Exercise of stock options, shares	345
Share-based payment expense for equity-based awards		17,880			17,880
Other		294			294
Ending Balance at Mar. 31, 2010	$166	$1,265,738	$1,723,360	($140,698)	$2,848,566
Ending Shares Balance at Mar. 31, 2010	167,075

2_CONDENSED CONSOLIDATED STATEM

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Thousands	3 Months Ended Mar. 31, 2010	3 Months Ended Mar. 31, 2009
Cash flows from operating activities:
Net income	$48,462	$70,638
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	128,696	92,896
Provision for losses on accounts receivable	19,594	25,922
Foreign currency transaction losses, net	25,083	7,314
Share-based payment expense	18,150	17,601
Other, net	4,642	9,475
Change in assets and liabilities:
Accounts receivable, gross	(39,639)	(54,628)
Handset and accessory inventory	60,399	(3,628)
Prepaid expenses and other	52,349	(49,586)
Accounts payable, accrued expenses and other	(130,676)	35,368
Other, net	10,014	(13,972)
Net cash provided by operating activities	197,074	137,400
Cash flows from investing activities:
Capital expenditures	(156,289)	(182,991)
Proceeds from sales of short-term investments	396,838	205,093
Purchase of short-term investments	(315,136)	(144,242)
Other, net	(17,778)	(43,451)
Net cash used in investing activities	(92,365)	(165,591)
Cash flows from financing activities:
Borrowings under syndicated loan facilities	60,000	0
Repayments under syndicated loan facilities and other transactions	(23,256)	(1,831)
Other, net	(7,088)	(17,704)
Net cash provided by (used in) financing activities	29,656	(19,535)
Effect of exchange rate changes on cash and cash equivalents	12,306	(39,074)
Net increase (decrease) in cash and cash equivalents	146,671	(86,800)
Cash and cash equivalents, beginning of period	2,504,064	1,243,251
Cash and cash equivalents, end of period	$2,650,735	$1,156,451

Basis of Presentation

Basis of Presentation
	3 Months Ended Mar. 31, 2010
Basis of Presentation	Note1.Basis of Presentation General.Our unaudited condensed consolidated financial statements have been prepared under the rules and regulations of the Securities and Exchange Commission, or the SEC. While they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements, they reflect all adjustments that, in the opinion of management, are necessary for a fair presentation of the results for interim periods. In addition, the year-end condensed consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America. You should read these condensed consolidated financial statements in conjunction with the consolidated financial statements and notes contained in our current report on Form 8-K filed on March 8, 2010. You should not expect results of operations for interim periods to be an indication of the results for a full year. Accumulated Other Comprehensive Loss.The components of our accumulated other comprehensive loss, net of taxes, are as follows: March 31, December 31, 2010 2009 (in thousands) Cumulative foreign currency translation adjustment $ (136,952) $ (165,744) Other (3,746) (2,024) $ (140,698) $ (167,768) Supplemental Cash Flow Information. Three Months Ended March 31, 2010 2009 (in thousands) Capital expenditures Cash paid for capital expenditures, including capitalized interest $ 156,289 $ 182,991 Change in capital expenditures accrued and unpaid or financed, including accreted interest capitalized (21,812) (13,513) $ 134,477 $ 169,478 Interest costs Interest expense, net $ 85,726 $ 44,596 Interest capitalized 2,238 2,260 $ 87,964 $ 46,856 For the three months ended March 31, 2010, we had $23.3million in non-cash financing, primarily related to the short-term financing of imported handsets and infrastructure in Brazil and co-location capital lease obligations on our communication towers. For the three months ended March 31, 2009, we had $20.4million in non-cash financing activities related to the short-term financing of imported handsets and infrastructure in Brazil, the financing of the mobile switching office in Peru and co-location capital lease obligations on our communication towers. 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 condensed consolidated statements of operations. For the three months ended March 31, 2010 and 2009, we had $43.5 million and $18.2 million, respectively, in revenue-based taxes and other excise taxes. Net Income Per Common Share, Basic and Diluted.Basic net income per common share includes no dilution and is computed by dividing net income by the weighted average number of common shares outstanding for

Debt

Debt
	3 Months Ended Mar. 31, 2010
Debt	Note3.Debt March 31, December 31, 2010 2009 (in thousands) Senior notes, net $1,277,755 $1,277,207 Convertible notes, net 1,452,902 1,440,040 Syndicated loan facilities 455,821 416,081 Other 455,303 447,460 Total debt 3,641,781 3,580,788 Less: current portion (584,000) (564,544) $3,057,781 $3,016,244 Peru Syndicated Loan Facility. In December 2009, Nextel Peru entered into a $130.0 million U.S. dollar-denominated syndicated loan agreement. Of the total amount of this loan agreement, $50.0 million has a floating interest rate of LIBOR plus 5.75% (Tranche A 6.04% as of March 31, 2010), $32.5 million has a floating interest rate of LIBOR plus 5.25% (Tranche B-1 5.54% as of March 31, 2010), $37.5 million has a floating interest rate of LIBOR plus 4.75% (Tranche B-2 5.04% as of March 31, 2010) and $10.0 million has a floating interest rate of LIBOR plus 5.75% (Tranche B-3 6.04% as of March 31, 2010). Principal under Tranche A and Tranche B-3 is payable quarterly beginning in December 2011, and principal under Tranche B-1 and Tranche B-2 is payable quarterly beginning in December 2010. Tranche A and Tranche B-3 mature on December 15, 2016, Tranche B-1 matures on December 15, 2014 and Tranche B-2 matures on December 15, 2012. Nextel Peru is subject to various legal and financial covenants under this syndicated loan facility that, among other things, require Nextel Peru to maintain certain financial ratios and may limit the amount of funds that could be repatriated in certain periods. In March 2010, Nextel Peru borrowed $60.0 million under this agreement. Nextel Peru plans to continue utilizing its borrowings under this syndicated loan facility for capital expenditures, general corporate purposes and the repayment of short-term intercompany debt. Convertible Notes. 3.125%Convertible Notes.The 3.125%notes are convertible into shares of our common stock at a conversion rate of 8.4517shares per $1,000 principal amount of notes, or 10,142,040 aggregate common shares, representing a conversion price of about $118.32 per share. For the fiscal quarter ended March 31, 2010, the closing sale price of our common stock did not exceed 120% of the conversion price of $118.32 per share for at least 20 trading days in the 30 consecutive trading days ending on March 31, 2010. As a result, the conversion contingency was not met as of March 31, 2010. 2.75%Convertible Notes.In accordance with the terms of our 2.75% convertible notes, if the notes are not converted, the noteholders have the right to require us to repurchase the notes in August 2010 at a repurchase price equal to 100% of their principal amount plus accrued and unpaid interest. Based on current market conditions, as well as the effective conversion price and trading prices of our 2.75% convertible notes, we believe that the noteholders will require us to repurchase our 2.75% convertible notes. As a result, we classified the $350.0million repayment of the principal balance of our 2.75% convertible notes due 2025 as current portion of long-term debt in our conde

Fair Value Measurements

Fair Value Measurements
	3 Months Ended Mar. 31, 2010
Fair Value Measurements	Note2.Fair Value Measurements The following tables set forth the classification within the fair value hierarchy of our financial instruments measured at fair value on a recurring basis in the accompanying condensed consolidated balance sheet as of March 31, 2010 and December 31, 2009 (in thousands): Fair Value Measurements as of March 31, 2010 Fair Value as of Using the Fair Value Hierarchy March 31, Financial Instruments Level 1 Level 2 Level 3 2010 Short-term investment: Available-for-sale securities - Nextel Brazil investments $ 30,540 $ - $ - $ 30,540 Fair Value Measurements as of December 31, 2009 Fair Value as of Using the Fair Value Hierarchy December 31, Financial Instruments Level 1 Level 2 Level 3 2009 Short-term investment: Available-for-sale securities - Nextel Brazil investments $ 116,289 $ - $ - $ 116,289 Available-for-sale securities include short-term investments made by Nextel Brazil, primarily in Brazilian government bonds, long-term, low-risk bank certificates of deposit and Brazilian corporate debentures. We account for these securities at fair value in accordance with the FASBs authoritative guidance surrounding the accounting for investments in debt and equity securities. The fair value of the securities is based on the net asset value of the funds. In our judgment, these securities trade with sufficient daily observable market activity to support a Level1 classification within the fair value hierarchy. During the three months ended March 31, 2009, we held short-term investments in an enhanced cash fund similar to, but not in the legal form of, a money market fund that invested primarily in asset-backed securities. In the first quarter of 2009, we received $15.2 million in distributions and recorded a pre-tax unrealized gain of $0.3 million in accumulated other comprehensive income due to a slight increase in the net asset value of the fund from December 31, 2008. This fund was liquidated in December 2009. As a result, during the three months ended March 31, 2010, we had no activity with respect to assets or liabilities measured at fair value on a recurring basis using Level 3 inputs. The following table summarizes the changes in fair value of our Level 3 financial instruments measured at fair value on a recurring basis for the three months ended March 31, 2009 (in thousands): Beginning balance $ 53,160 Principal distributions (15,236) Unrealized gain, included in other comprehensive income 322 Realized gain on distributions, included in net income 21 Ending balance $ 38,267 Other Financial Instruments. We estimate the fair value of our financial instruments other than our available-for-sale securities, including cash and cash equivalents, accounts receivable, accounts payable, derivative instruments and debt. The carrying value of cash and cash equivalents, accounts receivable, accounts payable and short-term borrowings contained in the condensed consolidated balance sheets approximate their fair va

Commitments and Contingencies

Commitments and Contingencies
	3 Months Ended Mar. 31, 2010
Commitments and Contingencies	Note4.Commitments and Contingencies 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 Brazils petitions have been denied, and Nextel Brazil is currently appealing those decisions. Nextel Brazil is also disputing various other claims. Nextel Brazil did not reverse any material accrued liabilities related to contingencies during the first quarter of 2010. As of March 31, 2010 and December 31, 2009, Nextel Brazil had accrued liabilities of $13.9million for both periods related to contingencies, all of which were classified in accrued contingencies reported as a component of other long-term liabilities and none of which related to unasserted claims. We currently estimate the range of reasonably possible losses related to matters for which Nextel Brazil has not accrued liabilities, as they are not deemed probable, to be between $128.0 million and $132.0million as of March 31, 2010. 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. Argentine Contingencies. As of March 31, 2010 and December 31, 2009, Nextel Argentina had accrued liabilities of $29.3million and $28.2million, respectively, related primarily to local turnover taxes, universal service tax and local government claims, all of which were classified in accrued contingencies and accrued non-income taxes reported as components of accrued expenses and other. Legal Proceedings. We are subject to 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.

Income Taxes

Income Taxes
	3 Months Ended Mar. 31, 2010
Income Taxes	Note5.Income Taxes We are subject to income taxes in both the United States 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: Chile 1993; U.S. 1995; Argentina and Mexico 2003; Peru and Brazil 2005. We regularly assess the potential outcome of current and future examinations in each of the taxing jurisdictions when determining the adequacy of the provision for income taxes. The following table shows a reconciliation of our unrecognized tax benefits according to the FASBs authoritative guidance on accounting for uncertainty in income taxes, for the three months ended March 31, 2010 (in thousands): Unrecognized tax benefits - December 31, 2009 $ 99,595 Additions for current year tax positions 3,910 Additions for prior year tax positions - Lapse of statute of limitations (468) Settlements with taxing authorities - Foreign currency translation adjustment 3,181 Unrecognized tax benefits - March 31, 2010 $106,218 The unrecognized tax benefits as of December31, 2009 and March 31, 2010 include $75.7million and $81.6 million, respectively, of tax benefits that could potentially reduce our future effective tax rate, if recognized. We record interest and penalties associated with uncertain tax positions as a component of our income tax provision. We assessed the realizability of our deferred tax assets during the first quarter of 2010, consistent with the methodology we employed for 2009, and determined that the realizability of those deferred assets has not changed for the markets in which we operate. In that assessment, we considered the reversal of existing temporary differences associated with deferred tax assets and liabilities, future taxable income, tax planning strategies and historical and future pre-tax book income (as adjusted for permanent differences between financial and tax accounting items) in order to determine if it is more-likely-than-not that the deferred tax asset will be realized. We will continue to evaluate the deferred tax asset valuation allowance balances in all of our foreign and U.S. companies throughout 2010 to determine the appropriate level of valuation allowance. During the first quarter of 2010, we changed our position regarding the repatriation of current foreign earnings back to the United States. We anticipate recording a U.S. federal, state and foreign tax provision during 2010 with respect to future remittances of certain undistributed earnings of our subsidiaries in Mexico. In the first quarter of 2010, we recorded a $19.6 million provision for U.S. federal, state and foreign taxes on these future remittances of current year earnings. We continue to indefinitely reinvest all other remaining undistributed earnings of our foreign subsidiaries outside the United States. During 2004, Nextel Mexico amended its Mexican Federal income tax returns in order to reverse a benefit previously claimed for a disputed provision of the Federal income tax law c

Segment Reporting

Segment Reporting
	3 Months Ended Mar. 31, 2010
Segment Reporting	Note6.Segment Reporting We have determined that our reportable segments are those that are based on our method of internal reporting, which disaggregates our business by geographical location. Our reportable segments are: (1)Mexico, (2)Brazil, (3)Argentina and (4)Peru. The operations of all other businesses that fall below the segment reporting thresholds are included in the Corporate and other segment below. This segment includes our Chilean operating companies and our corporate operations in the U.S.We evaluate performance of these segments and provide resources to them based on operating income before depreciation and amortization and impairment, restructuring and other charges, which we refer to as segment earnings. Because we do not view share-based compensation as an important element of operational performance, we recognize share-based payment expense at the corporate level and exclude it when evaluating the business performance of our segments. Mexico Brazil Argentina Peru Corporate and other Intercompany Eliminations Consolidated (in thousands) Three Months Ended March 31, 2010 Operating revenues $ 509,424 $ 563,827 $132,757 $72,879 $ 4,604 $ (345) $1,283,146 Segment earnings (losses) $ 184,384 $ 176,709 $ 36,599 $ 4,223 $ (60,548) $ - $ 341,367 Less: Depreciation and amortization (128,696) Foreign currency transaction losses, net (25,083) Interest expense and other, net (84,485) Income before income tax provision $ 103,103 Three Months Ended March 31, 2009 Operating revenues $ 445,029 $ 316,081 $132,166 $65,525 $ 2,781 $ (268) $ 961,314 Segment earnings (losses) $ 154,160 $ 88,024 $ 41,873 $ 9,367 $ (48,284) $ - $ 245,140 Less: Depreciation and amortization (92,896) Foreign currency transaction losses, net (7,314) Interest expense and other, net (33,585) Income before income tax provision $ 111,345 March 31, 2010 Identifiable assets $2,383,324 $2,463,871 $417,092 $483,878 $1,908,337 $ (287) $7,656,215 December 31, 2009 Identifiable assets $2,234,120 $2,530,896 $399,579 $445,828 $1,944,557 $ (287) $7,554,693

Condensed Consolidating Financi

Condensed Consolidating Financial Statements
	3 Months Ended Mar. 31, 2010
Condensed Consolidating Financial Statements	Note 7. Condensed Consolidating Financial Statements In 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 (collectively, the notes). The notes are senior unsecured obligations of NII Capital Corp., a 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 March 31, 2010 and December 31, 2009, as well as condensed consolidating statements of operations and cash flows for the three months ended March 31, 2010 and 2009, 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. The condensed consolidating balance sheet as of December 31, 2009 presented below has been revised to reflect the inclusion of an additional subsidiary guarantor. CONDENSED CONSOLIDATING BALANCE SHEET As of March 31, 2010 (in thousands) NII Holdings, NII Capital Guarantor Non-Guarantor Intercompany Inc. (Parent) Corp. (Issuer) (1) Subsidiaries (2) Subsidiaries Eliminations Consolidated ASSETS Current assets Cash and cash equivalents $1,661,332 $ 28 $ - $ 989,375 $ - $ 2,650,735 Short-term investments - - - 30,540 - 30,540 Accounts receivable, net - - - 633,919 (1,562) 632,357 Handset and accessory inventory - - - 139,243 - 139,243 Deferred income taxes, net (3,711) - (1,345) 174,175 205 169,324 Prepaid expenses and other 954 11 5,750 299,897 (23) 306,589 Total current assets 1,658,575 39 4,405 2,267,149 (1,380) 3,928,788 Property, plant and equipment, net - - 63,868 2,450,110 (287) 2,513,691 Investments in and advances to affiliates 1,805,123 2,553,463 3,125,945 11,844,751 (19,329,282) - Intangible assets, net - - - 347,425 (5,832) 341,593 Deferred income taxes, net - - - 471,596 - 471,596 Other assets 2,261,765 940,679 629,807 826,409 (4,258,113) 400,547 Total assets $5,725,463 $ 3,494,181 $ 3,8

Document Information

Document Information
	3 Months Ended Mar. 31, 2010
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	2010-03-31
Document Fiscal Year Focus	2,010
Document Fiscal Period Focus	Q1

Entity Information

Entity Information
	3 Months Ended Mar. 31, 2010	Mar. 31, 2010
Entity Information [Line Items]
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	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		167,074,591