Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Feb. 21, 2014 | Jun. 30, 2013 | |
Document Type | '10-K | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Entity Public Float | ' | ' | $1,143,037,172 |
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 | ' | 172,105,746 | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
CONSOLIDATED_BALANCE_SHEETS
CONSOLIDATED BALANCE SHEETS (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Current assets | ' | ' |
Cash and cash equivalents | $1,733,783 | $1,371,173 |
Short-term investments | 585,760 | 204,834 |
Accounts receivable, less allowance for doubtful accounts of $66,252 and $41,282 | 522,563 | 674,459 |
Handset and accessory inventory | 342,585 | 323,329 |
Deferred income taxes, net | 127,395 | 175,753 |
Assets Held-for-sale, Current | 0 | 97,393 |
Prepaid expenses and other | 436,100 | 488,091 |
Total current assets | 3,748,186 | 3,335,032 |
Property, plant and equipment, net | 3,388,060 | 3,531,271 |
Intangible assets, net | 993,669 | 1,125,382 |
Deferred income taxes, net | 26,713 | 367,181 |
Assets Held-for-sale, Other, Noncurrent | 0 | 400,300 |
Other assets | 523,326 | 463,912 |
Total assets | 8,679,954 | 9,223,078 |
Current liabilities | ' | ' |
Accounts payable | 369,056 | 424,177 |
Accrued expenses and other | 972,534 | 969,793 |
Deferred revenues | 128,148 | 144,105 |
Current portion of long-term debt | 96,839 | 94,039 |
Deposits related to 2013 tower transactions | 720,013 | 0 |
Liabilities held for sale | 0 | 127,911 |
Total current liabilities | 2,286,590 | 1,760,025 |
Long-term debt | 5,696,632 | 4,765,505 |
Deferred revenues | 11,238 | 14,007 |
Deferred credits | 108,991 | 58,189 |
Liabilities of Disposal Group, Including Discontinued Operation, Noncurrent | 0 | 12,735 |
Other long-term liabilities | 221,116 | 296,168 |
Total liabilities | 8,324,567 | 6,906,629 |
Commitments and contingencies (Note 10) | ' | ' |
Stockholders' equity | ' | ' |
Undesignated preferred stock, par value $0.001, 10,000 shares authorized — 2013 and 2012, no shares issued or outstanding — 2013 and 2012 | 0 | 0 |
Common stock, par value $0.001, 600,000 shares authorized — 2013 and 2012, 172,105 shares issued and outstanding — 2013, 171,653 shares issued and outstanding — 2012 | 172 | 171 |
Paid-in capital | 1,504,258 | 1,483,086 |
Retained earnings | -192,966 | 1,456,633 |
Accumulated other comprehensive loss | -956,077 | -623,441 |
Total stockholders' equity | 355,387 | 2,316,449 |
Total liabilities and stockholders' equity | $8,679,954 | $9,223,078 |
CONSOLIDATED_BALANCE_SHEETS_Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Statement of Financial Position [Abstract] | ' | ' |
Allowance for doubtful accounts receivable, current | $61,293 | $108,676 |
Preferred stock, par value | $0.00 | $0.00 |
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 | $0.00 | $0.00 |
Common stock, shares authorized | 600,000,000 | 600,000,000 |
Common stock shares issued | 172,104,720 | 171,653,078 |
Common stock shares outstanding | 172,104,720 | 171,653,078 |
CONSOLIDATED_STATEMENTS_OF_OPE
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2010 |
Operating revenues | ' | ' | ' |
Service and other revenues | $4,573,879 | $5,465,120 | $6,081,577 |
Digital handset and accessory revenues | 198,685 | 278,002 | 299,240 |
Total operating revenues | 4,772,564 | 5,743,122 | 6,380,817 |
Operating expenses | ' | ' | ' |
Cost of service (exclusive of depreciation and amortization included below) | 1,472,320 | 1,574,327 | 1,681,692 |
Cost of digital handsets and accessories | 911,635 | 829,859 | 784,072 |
Selling, general and administrative | 1,913,454 | 2,167,688 | 2,201,102 |
Provision for doubtful accounts | 116,619 | 217,315 | 159,201 |
Restructuring, Settlement and Impairment Provisions | 171,047 | 329,767 | 0 |
Depreciation | 634,199 | 601,769 | 551,463 |
Amortization | 64,148 | 47,776 | 36,701 |
Total operating expenses | 5,283,422 | 5,768,501 | 5,414,231 |
Operating (loss) income | -510,858 | -25,379 | 966,586 |
Other expense | ' | ' | ' |
Interest expense, net | -539,159 | -365,521 | -311,735 |
Interest income | 43,379 | 33,862 | 34,096 |
Foreign currency transaction losses, net | -143,745 | -53,957 | -37,297 |
Other expense, net | -12,982 | -28,340 | -37,750 |
Total other expense | -652,507 | -413,956 | -352,686 |
(Loss) income from continuing operations before income tax provision | -1,163,365 | -439,335 | 613,900 |
Income tax provision | -446,052 | -158,144 | -351,206 |
Net (loss) income from continuing operations | -1,609,417 | -597,479 | 262,694 |
Loss from discontinued operations, net of income taxes | -40,182 | -167,770 | -37,498 |
Net (loss) income | -1,649,599 | -765,249 | 225,196 |
Net (loss) income from continuing operations, per common share, basic | ($9.36) | ($3.48) | $1.53 |
Net loss from discontinued operations, per common share, basic | ($0.24) | ($0.98) | ($0.22) |
Net (loss) income, per common share, basic | ($9.60) | ($4.46) | $1.31 |
Net (loss) income from continuing operations, per common share, diluted | ($9.36) | ($3.48) | $1.52 |
Net loss from discontinued operations, per common share, diluted | ($0.24) | ($0.98) | ($0.22) |
Net (loss) income, per common share, diluted | ($9.60) | ($4.46) | $1.30 |
Weighted average number of common shares outstanding, basic | 171,912 | 171,499 | 170,601 |
Weighted average number of common shares outstanding, diluted | 171,912 | 171,499 | 172,781 |
Comprehensive loss, net of income taxes | ' | ' | ' |
Foreign currency translation adjustment | -334,893 | -97,589 | -462,457 |
Other | 2,257 | -1,802 | -342 |
Other comprehensive loss | -332,636 | -99,391 | -462,799 |
Net (loss) income | -1,649,599 | -765,249 | 225,196 |
Total comprehensive loss | ($1,982,235) | ($864,640) | ($237,603) |
CONSOLIDATED_STATEMENTS_OF_CHA
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (USD $) | Total | Accumulated Other Comprehensive Loss | Retained Earnings | Paid-in Capital | Common Stock |
In Thousands, except Share data | |||||
Beginning Balance, Value at Dec. 31, 2009 | $3,300,309 | ($61,251) | $1,996,686 | $1,364,705 | $169 |
Beginning Balance, Shares at Dec. 31, 2009 | ' | ' | ' | ' | 169,661,000 |
Net (loss) income | 225,196 | ' | 225,196 | ' | ' |
Other comprehensive (loss) income | -462,799 | -462,799 | ' | ' | ' |
Purchase of convertible notes | -17,693 | ' | ' | -17,693 | ' |
Share-based payment expense for equity-based awards | 59,985 | ' | ' | 59,985 | ' |
Exercise of stock options, Shares | ' | ' | ' | ' | 1,526,000 |
Exercise of stock options, Value | 24,969 | ' | ' | 24,967 | 2 |
Other, shares | ' | ' | ' | ' | -10,000 |
Other, value | 8,115 | ' | ' | 8,115 | ' |
Ending Balance, Value at Dec. 31, 2010 | 3,138,082 | -524,050 | 2,221,882 | 1,440,079 | 171 |
Ending Balance, Shares at Dec. 31, 2010 | ' | ' | ' | ' | 171,177,000 |
Beginning Balance, Value at Dec. 31, 2011 | 2,316,449 | -623,441 | 1,456,633 | 1,483,086 | 171 |
Beginning Balance, Shares at Dec. 31, 2011 | ' | ' | ' | ' | 171,653,000 |
Net (loss) income | -765,249 | ' | -765,249 | ' | ' |
Other comprehensive (loss) income | -99,391 | -99,391 | ' | ' | ' |
Purchase of convertible notes | -526 | ' | ' | -526 | ' |
Share-based payment expense for equity-based awards | 46,458 | ' | ' | 46,458 | ' |
Exercise of stock options, Shares | ' | ' | ' | ' | 476,000 |
Exercise of stock options, Value | 150 | ' | ' | 150 | 0 |
Other, value | -3,075 | ' | ' | -3,075 | ' |
Ending Balance, Value at Dec. 31, 2012 | ' | ' | ' | ' | ' |
Net (loss) income | -1,649,599 | ' | -1,649,599 | ' | ' |
Other comprehensive (loss) income | -332,636 | -332,636 | ' | ' | ' |
Share-based payment expense for equity-based awards | 27,805 | ' | ' | 27,805 | ' |
Exercise of stock options, Shares | ' | ' | ' | ' | 452,000 |
Exercise of stock options, Value | 0 | ' | ' | -1 | 1 |
Other, shares | ' | ' | ' | ' | 0 |
Other, value | -6,632 | ' | ' | -6,632 | ' |
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 |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Cash flows from operating activities: | ' | ' | ' |
Net (loss) income | ($1,649,599) | ($765,249) | $225,196 |
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: | ' | ' | ' |
Loss from discontinued operations | 40,182 | 167,770 | 37,498 |
Amortization of debt discount and financing costs | 42,029 | 22,925 | 46,082 |
Depreciation and amortization | 698,347 | 649,545 | 588,164 |
Provision for doubtful accounts | 116,619 | 217,315 | 159,201 |
Provision For Inventory Losses | 56,249 | 1,594 | 3,186 |
Foreign currency transaction losses, net | 143,745 | 53,957 | 37,297 |
Asset impairments and losses on disposals of fixed assets | 149,924 | 338,402 | 1,446 |
Deferred income tax provision (benefit) | 382,070 | -17,877 | -12,694 |
Share-based payment expense | 28,695 | 42,573 | 54,559 |
Other, net | -10,478 | 31,879 | 26,404 |
Change in assets and liabilities: | ' | ' | ' |
Accounts receivable, gross | -29,087 | -100,250 | -336,643 |
Handset and accessory inventory | -98,080 | -68,182 | 10,627 |
Prepaid expenses and other | -39,081 | -276,751 | -28,443 |
Other long-term assets | -53,242 | -99,970 | 4,576 |
Accounts payable, accrued expenses and other | 36,609 | 148,405 | 170,357 |
Total operating cash (used in) provided by continuing operations | -185,098 | 346,086 | 986,813 |
Total operating cash (used in) provided by discontinued operations | -7,353 | 7,097 | -4,422 |
Net cash (used in) provided by operating activities | -192,451 | 353,183 | 982,391 |
Cash flows from investing activities: | ' | ' | ' |
Capital expenditures | -664,877 | -1,042,479 | -961,794 |
Purchase of long-term and short-term investments | -2,360,529 | -1,678,918 | -2,298,409 |
Proceeds from sales of long-term and short-term investments | 1,942,886 | 1,813,783 | 2,476,986 |
Proceeds from 2013 tower transactions, net | 721,404 | 0 | 0 |
Transfers to restricted cash | -41,709 | -11,969 | -4,977 |
Transfers from restricted cash | 2,273 | 7,882 | 136,467 |
Payments for acquisitions, purchases of licenses and other | -52,859 | -99,167 | -134,471 |
Total investing cash used in continuing operations | -453,411 | -1,010,868 | -786,198 |
Total investing cash provided by (used in) discontinued operations | 275,799 | -44,292 | -124,085 |
Net cash used in investing activities | -177,612 | -1,055,160 | -910,283 |
Net Cash Provided by (Used in) Financing Activities [Abstract] | ' | ' | ' |
Borrowings under equipment financing facilities and other borrowings | 145,122 | 482,316 | 1,153,211 |
Proceeds from issuance of senior notes | 1,600,000 | 0 | 1,439,500 |
(Payments related to) proceeds from stock option exercises | -1,026 | -2,040 | 24,968 |
Repayments and purchases of convertible notes | 0 | -212,782 | -904,200 |
Repayments under spectrum license financing | 0 | -1,513 | -683,878 |
Repayments under equipment financing facilities and other borrowings | -965,142 | -403,669 | -474,667 |
Total financing cash provided by (used in) continuing operations | 778,954 | -137,688 | 554,934 |
Total financing cash used in discontinued operations | -2,363 | -100,607 | -29,931 |
Net cash provided by (used in) financing activities | 776,591 | -238,295 | 525,003 |
Effect of exchange rate changes on cash and cash equivalents | -56,236 | 844 | -41,693 |
Change in cash and cash equivalents held for sale | 12,318 | -58 | 51,264 |
Net increase (decrease) in cash and cash equivalents | 362,610 | -939,486 | 606,682 |
Cash and cash equivalents, beginning of year | 1,371,173 | 2,310,659 | 1,703,977 |
Cash and cash equivalents, end of year | $1,733,783 | $1,371,173 | $2,310,659 |
Summary_of_Operations_and_Sign
Summary of Operations and Significant Accounting Policies | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Accounting Policies [Abstract] | ' | |||||||||||
Disclosure Of Summary Of Operations And Significant Accounting Policies [Text Block] | ' | |||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||
(in thousands) | ||||||||||||
Cumulative foreign currency translation adjustment | $ | (951,271 | ) | $ | (616,378 | ) | ||||||
Other | (4,806 | ) | (7,063 | ) | ||||||||
$ | (956,077 | ) | $ | (623,441 | ) | |||||||
Supplemental Cash Flow Information. | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
(in thousands) | ||||||||||||
Capital expenditures | ||||||||||||
Cash paid for capital expenditures, including capitalized interest | $ | 664,877 | $ | 1,042,479 | $ | 961,794 | ||||||
Change in capital expenditures accrued and unpaid or financed, including | 218,071 | 378,638 | 382,911 | |||||||||
accreted interest capitalized | ||||||||||||
$ | 882,948 | $ | 1,421,117 | $ | 1,344,705 | |||||||
Interest costs | ||||||||||||
Interest expense, net | $ | 539,159 | $ | 365,521 | $ | 311,735 | ||||||
Interest capitalized | 78,254 | 127,189 | 76,204 | |||||||||
$ | 617,413 | $ | 492,710 | $ | 387,939 | |||||||
Acquisitions of assets and business combinations | ||||||||||||
Fair value of assets acquired | $ | 53,066 | $ | 100,185 | $ | 138,678 | ||||||
Less: liabilities assumed and deferred tax liabilities incurred | — | — | — | |||||||||
Less: cash acquired | — | — | — | |||||||||
$ | 53,066 | $ | 100,185 | $ | 138,678 | |||||||
Cash paid for interest, net of amounts capitalized | $ | 391,874 | $ | 293,594 | $ | 183,475 | ||||||
Cash paid for income taxes | $ | 39,292 | $ | 269,597 | $ | 344,963 | ||||||
For the year ended December 31, 2013, we had $213.5 million in non-cash financing, primarily related to borrowings under our equipment financing facility in Mexico, the short-term financing of imported handsets and infrastructure in Brazil and co-location capital lease obligations on our transmitter and receiver sites, which we also refer to as communication towers or towers, although in some instances these towers are located on rooftops and other structures, in Brazil and Mexico. For the year ended December 31, 2012, we had $238.8 million in non-cash financing, primarily related to borrowings under our equipment financing facilities in Mexico and Chile, 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. For the year ended December 31, 2011, we had $918.7 million in non-cash financing. Of this amount, $689.8 million related to the long-term financing of spectrum that was awarded to Nextel Brazil in June 2011 as described in Note 8. The remainder consisted primarily of the short-term financing of imported handsets and infrastructure in Brazil, the long-term financing of infrastructure equipment in Chile and co-location capital lease obligations on our communication towers. | ||||||||||||
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, 2013 and 2012, we had $740.0 million and $479.4 million, respectively, in time deposits. | ||||||||||||
Restricted Cash. As of December 31, 2013, we had $91.3 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, purchase commitments for handsets and cash collateral supporting the lease of our corporate headquarters, and the remainder of which was included in other current assets. | ||||||||||||
As of December 31, 2012, we had $16.0 million in restricted cash, the majority of which was included in other long-term assets and represented cash collateral supporting the lease of our corporate headquarters, and the remainder of which was included in other current assets. | ||||||||||||
Short-Term Investments. Our short-term investments consist of investments made by Nextel Brazil in two different investment funds and certificates of deposit with a Brazilian bank. 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 operations. 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 9 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 handset and accessory sales. 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, 2013, 2012 and 2011, we recorded losses related to inventory obsolescence of $70.4 million, $1.6 million and $3.2 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 depreciate our corporate aircraft capital lease using the straight-line method based on the lease term of 10 years. We include depreciation expense on our corporate aircraft capital lease and other 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, we estimate that our depreciation expense will decrease 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 an $82.6 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, 2013 and 2012, our asset retirement obligations were as follows (in thousands): | ||||||||||||
2013 | 2012 | |||||||||||
Balance, January 1 | $ | 114,760 | $ | 81,728 | ||||||||
New asset retirement obligations | 18,648 | 10,740 | ||||||||||
Change in assumptions | (82,634 | ) | 8,088 | |||||||||
Accretion | 18,319 | 14,804 | ||||||||||
Settlement of asset retirement obligation | (93 | ) | (293 | ) | ||||||||
Foreign currency translation and other | (13,775 | ) | (307 | ) | ||||||||
Balance, December 31 | $ | 55,225 | $ | 114,760 | ||||||||
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, 2013 and 2012, 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. Many of our licenses give us the right to use 800 MHz spectrum that is non-contiguous, and the iDEN technology is the only commercially available digital technology that operates on non-contiguous spectrum. As a result, our ability to deploy new technologies on our licensed 800 MHz spectrum may be limited unless we are able to reconfigure the spectrum holdings into contiguous blocks and meet other technical, operational and regulatory requirements. In light of the uncertainty regarding the availability of alternative technologies, our ability to reconfigure the 800 MHz spectrum, our ability to meet certain other requirements and the commercial life of any technology, including the iDEN technology, our ability to use our 800 MHz spectrum for an indefinite period cannot be assured. As a result, we classify our licenses as definite lived 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 and two-way radio 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. | ||||||||||||
We recognized the proceeds received from our spectrum use and build-out agreement with Sprint as deferred revenues. We amortize this amount into revenue on a straight-line basis over 15.5 years, which represents the average remaining useful life of our licenses in the Baja region of Mexico as of the date we began providing service under this agreement. | ||||||||||||
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, 2013, 2012 and 2011, we had $166.0 million, $211.5 million and $245.2 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. 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 $147.9 million, $174.3 million and $214.4 million during the years ended December 31, 2013, 2012 and 2011, respectively. | ||||||||||||
Stock-Based Compensation. We measure and recognize compensation expense for all stock-based compensation awards based on estimated fair values. See Note 13 for more information. | ||||||||||||
Net (Loss) Income Per Common Share, Basic and Diluted. Basic net (loss) income per common share is computed by dividing adjusted net (loss) income attributable to common shares by the weighted average number of common shares outstanding for the period. Diluted net (loss) income 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, 2013 and 2012, our calculation of diluted net loss per 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, restricted common shares issued under those plans or common shares resulting from the potential conversion of our 3.125% convertible notes prior to their maturity on June 15, 2012 since their effect would have been antidilutive to our net loss for those periods. In addition, for the years ended December 31, 2013 and 2012, we did not include 10.8 million or 16.8 million stock options, respectively, and 2.8 million and 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. | ||||||||||||
As presented for the year ended December 31, 2011, our calculation of diluted net income per share includes common shares resulting from shares issuable upon the potential exercise of stock options under our stock-based employee compensation plans and our restricted stock, as well as common shares resulting from the potential conversion of our 2.75% convertible notes. During the third quarter of 2011, certain holders of our 2.75% convertible notes required us to purchase a portion of these notes, and we exercised our call option and redeemed the remaining outstanding principal amount of these notes. We did not include the common shares resulting from the potential conversion of our 3.125% convertible notes in our calculation of diluted net income per common share because their effect would have been antidilutive to our net income per common share for the year ended December 31, 2011. Further, for the year ended December 31, 2011, we did not include 9.3 million in antidilutive stock options nor did we include an immaterial amount of our restricted stock in our calculation of diluted net income per common share because their effect would also have been antidilutive to our net income per common share for that period. | ||||||||||||
The following tables provide a reconciliation of the numerators and denominators used to calculate basic and diluted net (loss) income per common share as disclosed in our consolidated statements of operations for the years ended December 31, 2013, 2012 and 2011: | ||||||||||||
Year Ended December 31, 2013 | ||||||||||||
Income | Shares | Per Share | ||||||||||
(Numerator) | (Denominator) | Amount | ||||||||||
(in thousands, except per share data) | ||||||||||||
Basic net loss per common share: | ||||||||||||
Net loss | $ | (1,649,599 | ) | 171,912 | ||||||||
Net income allocable to participating shares | — | — | ||||||||||
Adjusted net loss attributable to common shares | (1,649,599 | ) | 171,912 | $ | (9.60 | ) | ||||||
Effect of dilutive securities: | ||||||||||||
Stock options | — | — | ||||||||||
Restricted stock | — | — | ||||||||||
Convertible notes, net of capitalized interest and taxes | — | — | ||||||||||
Diluted net loss per common share: | ||||||||||||
Net loss on which diluted earnings per share is calculated | $ | (1,649,599 | ) | 171,912 | $ | (9.60 | ) | |||||
Year Ended December 31, 2012 | ||||||||||||
Income | Shares | Per Share | ||||||||||
(Numerator) | (Denominator) | Amount | ||||||||||
(in thousands, except per share data) | ||||||||||||
Basic net loss per common share: | ||||||||||||
Net loss | $ | (765,249 | ) | 171,499 | ||||||||
Net income allocable to participating shares | — | — | ||||||||||
Adjusted net loss attributable to common shares | (765,249 | ) | 171,499 | $ | (4.46 | ) | ||||||
Effect of dilutive securities: | ||||||||||||
Stock options | — | — | ||||||||||
Restricted stock | — | — | ||||||||||
Convertible notes, net of capitalized interest and taxes | — | — | ||||||||||
Diluted net loss per common share: | ||||||||||||
Net loss on which diluted earnings per share is calculated | $ | (765,249 | ) | 171,499 | $ | (4.46 | ) | |||||
Year Ended December 31, 2011 | ||||||||||||
Income | Shares | Per Share | ||||||||||
(Numerator) | (Denominator) | Amount | ||||||||||
(in thousands, except per share data) | ||||||||||||
Basic net income per common share: | ||||||||||||
Net income | $ | 225,196 | 170,601 | |||||||||
Net income allocable to participating shares | (1,546 | ) | — | |||||||||
Adjusted net income attributable to common shares | 223,650 | 170,601 | $ | 1.31 | ||||||||
Effect of dilutive securities: | ||||||||||||
Stock options | — | 1,971 | ||||||||||
Restricted stock | — | 208 | ||||||||||
Convertible notes, net of capitalized interest and taxes | — | 1 | ||||||||||
Diluted net income per common share: | ||||||||||||
Net income on which diluted earnings per share is calculated | $ | 225,196 | 172,781 | $ | 1.3 | |||||||
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. | ||||||||||||
During 2013 the valuation allowance against our deferred tax assets increased by a net amount of $4.0 billion. This increase is due to a continuance of our prior position of recording a full valuation allowance with respect to the net deferred tax assets of Nextel Chile and the U.S., resulting in an additional $151.3 million valuation allowance for these entities. Our prior position of recording a full valuation allowance with respect to the net deferred tax assets of our holding companies in Luxembourg, Spain and Netherlands also continued in 2013, and we recorded in total a $3.3 billion valuation allowance against the deferred tax assets of these entities. Due to the nature of these companies and their tax status under local holding company rules, a full valuation allowance is necessary as the net operating loss carryforwards will never be utilized and add no value to the company. In addition, our prior position regarding the need for a valuation allowance on one of our Brazil subsidiaries and three of our Mexico subsidiaries changed in 2013, and we recorded valuation allowances of $382.9 million and $189.8 million against the net deferred tax assets of these Brazilian and Mexican subsidiaries, respectively. This change of position was primarily due to the significant decline in our current and recent cumulative earnings. | ||||||||||||
Realization of deferred tax assets in any of our markets depends on various factors, including continued future profitability in these markets. Our ability to generate the expected amounts of taxable income from future operations is dependent upon general economic conditions, technology trends, political uncertainties, competitive pressures and other factors beyond management’s control. We will continue to evaluate the deferred tax asset valuation allowance balances in all of our foreign and U.S. companies throughout 2014 to determine the appropriate level of valuation allowances. | ||||||||||||
We continued to assert our prior position regarding the repatriation of historical foreign earnings back to the U.S. During the first quarter of 2010, we determined that we will repatriate an additional amount of $200.0 million of 2010 undistributed earnings back to the U.S. in a taxable manner. This amount was in addition to $26.3 million that remained to be repatriated in accordance with our 2007 decision to repatriate foreign earnings to the U.S., for a total of $226.3 million to be repatriated. As of December 31, 2012, we included a $54.4 million provision in deferred tax liability 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. This deferred tax liability decreased slightly in 2013 due to changes in foreign currency exchange rates to $54.2 million as of December 31, 2013. Except for the earnings associated with this provision 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 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 which may be payable on the remaining undistributed earnings. | ||||||||||||
Reclassifications. We have reclassified some prior period amounts in our consolidated financial statements to conform to our current year presentation. | ||||||||||||
New Accounting Pronouncements. There were no new accounting standards issued during the year ended December 31, 2013 that materially impacted our consolidated financial statements or could materially impact our financial statements or related disclosures in a future period. | ||||||||||||
Summary of Operations and Significant Accounting Policies | ' | |||||||||||
Summary of Operations and Significant Accounting Policies and Going Concern | ||||||||||||
Operations. We provide wireless communication services under the NextelTM brand, primarily targeted at meeting the needs of subscribers who use our services to improve the productivity of their businesses and subscribers who make the individual decision to use our service for both professional and personal needs. Unless the context requires otherwise, “NII Holdings, Inc.,” “NII Holdings,” “we,” “our,” “us” and “the Company” refer to the combined businesses of NII Holdings, Inc. and its consolidated subsidiaries. Our subscribers generally value our broad set of value-added services, including our push-to-talk services, which allow subscribers to talk to each other instantly, and our high level of customer service. As we expand our wideband code division multiple access-based, or WCDMA-based, networks in our markets, we are extending our target market to include additional 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, Argentina and Chile with our principal operations located in major business centers and related transportation corridors of these countries. We provide our 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, Mexico and Chile serve or are expected to serve these major business centers and, in some instances, a broader geographic area in order to meet the requirements of our spectrum licenses. | ||||||||||||
Our original networks utilize integrated digital enhanced network, or iDEN, technology developed by Motorola, Inc. to provide our mobile services on our 800 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. 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 service; | |||||||||||
• | push-to-talk services, including our Direct Connect®, Prip and International Direct Connect® services, which allow subscribers to talk to each other instantly; | |||||||||||
• | wireless data services, including text messaging services; mobile internet services; and e-mail services; | |||||||||||
• | 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. | |||||||||||
The deployment and expansion of our WCDMA networks in Brazil, Mexico and Chile enable 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 significant 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 over 250 cities, including cities in and around Sao Paulo and Rio de Janeiro. In December 2013, we signed agreements with Telefonica Moviles, or Telefonica, under which Telefonica agreed to provide Nextel Brazil and Nextel Mexico with nationwide roaming voice and data coverage services on Telefonica's networks. When implemented, the agreements will allow us to enhance our service offerings by expanding the areas in which customers using our WCDMA services in Brazil and Mexico can access voice and data services. We plan to expand the coverage and quality of our networks in Brazil and Mexico in 2014. We also offer service on our iDEN network in Argentina. Our current spectrum holdings are sufficient to enable us to deploy networks that utilize long-term evolution, or LTE, technology in certain areas in Brazil and Mexico, and we currently plan to upgrade our WCDMA networks to support LTE services in select cities in Brazil and Mexico in 2014. | ||||||||||||
Going Concern. 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. These consolidated financial statements do not include any adjustments that might result from the occurrence of any of the uncertainties described below. | ||||||||||||
Recently, our results of operations, including our operating revenues and operating cash flows, have been negatively affected by a number of factors, including competitive pressure across all of our markets, and a series of events that first arose or started to affect us to an unexpected degree in the third quarter of 2013. These events included: | ||||||||||||
• | the impact of Sprint Corporation's, or Sprint's, deactivation of its iDEN network in the U.S.; | |||||||||||
• | the depreciation of local currencies; | |||||||||||
• | the impact of delays in the deployment and launch of services on our WCDMA networks, which delayed our ability to generate subscriber growth and revenues on those networks from what we had previously expected; and | |||||||||||
• | the increased costs to support our WCDMA networks. | |||||||||||
In particular, Sprint's deactivation of its iDEN network in the U.S., combined with competitive pressures and delays in our deployment and optimization of our WCDMA network in Mexico, resulted in a significant loss of subscribers on our iDEN network that we were unable to offset with new subscribers on our WCDMA network. This subscriber loss resulted in a significant decline in subscribers and a reduction in operating revenues and operating cash flows in Mexico during the second half of 2013. We currently expect this trend in Mexico to continue into 2014 as iDEN subscriber losses continue to outpace our ability to attract customers to our new network. In addition, negative market perceptions of our WCDMA service in Mexico developed in late 2013 due primarily to Sprint’s deactivation of its iDEN network and delays in effectively deploying and optimizing our WCDMA networks to meet the needs of customers who were seeking to replace the iDEN services that no longer met their needs, particularly in the border area with the U.S. These negative perceptions, if they persist, could further hinder our ability to attract the level of customers to our new network that we had previously anticipated. Similarly, delays in the deployment and optimization of our WCDMA network in Brazil made it difficult to proceed with our scheduled launches of WCDMA services in that market. As a result, we proceeded with launches of full voice and data services in Brazil late in 2013, which led to subscriber and revenue growth rates that were significantly lower than originally anticipated. | ||||||||||||
These factors had a significant negative impact on our results during the second half of 2013, and as a result, we ended 2013 with a significantly smaller subscriber and revenue base than we had previously expected. We plan to use our available funding, together with cash provided by our operations, to finance our current business plan; however, with a smaller subscriber base in Mexico and Brazil, absent changes to our outlook, it is probable that we will not be able to generate sufficient growth in our operating revenues and operating cash flows to meet our obligations through 2015. These conditions, and their impact on our liquidity, in combination with the potential impact if we cannot satisfy certain financial covenants under our current debt obligations in 2014 as more fully discussed below, raise substantial doubt about our ability to continue as a going concern under the applicable authoritative literature. | ||||||||||||
Taking the foregoing circumstances into account, and assuming that we are not required to repay the outstanding debt under our operating company financing agreements prior to their scheduled maturity dates as described below, we believe our current sources of funding will be adequate to allow us to execute our business plan and meet our obligations through 2014, but that we will likely not have sufficient funding to do so throughout 2015. To meet our funding needs in 2014, we expect operating cash flows to improve in the second half of 2014, and we intend to reduce our investment in capital expenditures, including our investments in our networks, below the $882.9 million we invested in 2013. Our current business plan assumes that customers will find our services attractive and that we will be able to expand our subscriber base on our WCDMA network in Brazil. We also assume that in 2014 we will be able to stabilize our business in Mexico and achieve a partial to full reversal of the subscriber loss trends we experienced in 2013. However, given the factors that have negatively affected our business and the difficulties associated with predicting our ability to overcome these factors, there can be no assurance that these assumptions will be correct. | ||||||||||||
The negative impact of the factors discussed above on our results of operations may also adversely affect our ability to comply with certain financial covenants in our existing debt obligations. Specifically, based on our current business plan projections, it is likely that we will be unable to satisfy one or more of the financial covenants currently included in the equipment financing arrangements for Nextel Brazil and Nextel Mexico in 2014. In addition, based on our current business plan projections, it is likely that we will be unable to satisfy the financial covenants currently included in Nextel Brazil’s local bank financing arrangements in 2014. Each of these financing arrangements requires that we meet these financial covenants semi-annually, calculated as of June 30 and December 31. As of December 31, 2013, we were in compliance with these covenants and had $926.8 million principal amount outstanding under these financing arrangements. | ||||||||||||
If we are unable to comply with the relevant covenants in these arrangements, some of the available courses of action that we could pursue either separately or in combination in an effort to ensure that we satisfy the requirements of these financial covenants or resolve potential non-compliance with these covenants include: | ||||||||||||
• | negotiating amendments to the financing agreements to modify the relevant covenants; | |||||||||||
• | securing waivers of the non-compliance from the lenders; | |||||||||||
• | taking actions designed to enhance the creditworthiness of the borrowers, including moving cash or other assets to the relevant borrower; or | |||||||||||
• | repaying the relevant outstanding indebtedness in full. | |||||||||||
While we believe we will be able to negotiate either amendments or waivers with these lenders, there can be no assurance that we will be able to negotiate such amendments or waivers on reasonable terms or at all. Accordingly, if we are required to repay these borrowings, which is not contemplated by our 2014 business plan, the repayment would have a significant negative impact on our liquidity and would further intensify the liquidity issues we face. In addition, if we are unable to remain in compliance with these financial covenants or to otherwise address that non-compliance, a default or acceleration of the debt under those agreements could occur. If the debt under any of these agreements were to be accelerated, the holders of 25% of each series of senior notes issued by Capital Corp. and NII International Telecom, S.C.A., or NIIT, would have the right to declare that an event of default has occurred under the related indentures and could then require the immediate repayment of all borrowings represented by the senior notes. As of December 31, 2013, we had approximately $4.4 billion principal amount of senior notes outstanding. | ||||||||||||
Even if we are able to successfully address the potential financial covenant issues in 2014, in light of the liquidity issues we face, we continue to assess our ability to significantly improve our operating cash flows and are considering a number of options to do so, including: | ||||||||||||
• | reducing or delaying our investments in capital expenditures, including scaling back our network development and deployment efforts; | |||||||||||
• | reducing the scope of our operations in one or more markets that we currently serve; | |||||||||||
• | selling assets or operations; | |||||||||||
• | restructuring, reorganizing or refinancing all or a portion of our existing debt obligations, including modifying the terms of those obligations to reduce or delay our debt service requirements; | |||||||||||
• | seeking additional equity capital or borrowing additional funds; | |||||||||||
• | creating partnerships or alliances; or | |||||||||||
• | selling our company. | |||||||||||
Some of these actions could have the effect of increasing our debt, negatively impacting the quality of our customer service or customer confidence in our ability to provide products and services, reducing our ability to raise additional capital, and further delaying our ability to operate profitability and generate operating cash flows. These actions could also have a significant adverse impact on the value of our business and our outstanding debt and equity securities. There can be no assurance that any of these potential actions could, if necessary, be implemented on commercially reasonable terms, or at all, or that they would alone or in combination with other actions adequately preserve our liquidity or enable us to meet our ongoing funding requirements including our debt service obligations. In addition, if we are able to and do incur additional debt, the risks associated with our substantial leverage, including the risk that we will be unable to service our debt or generate enough cash flow to fund our liquidity needs, could intensify. | ||||||||||||
As part of our current assessment or assessments in the future, if we believe we will be unable to significantly improve our cash flow from operations or implement measures to enable us to continue to satisfy our obligations, we may voluntarily commence reorganization proceedings, which could mean that debt and equity holders could lose all or part of their investment. | ||||||||||||
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, Nextel Argentina and Nextel Chile. | ||||||||||||
Concentrations of Risk. Substantially 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, 2013 and 2012, $6,400.7 million and $6,650.0 million, 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. | ||||||||||||
As we transition to our WCDMA networks, and as Sprint proceeded with its planned deactivation of its iDEN network, the 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. We also expect that this transition could also affect Motorola Mobility's ability or willingness to provide support for the development of new iDEN handsets beyond their contractual obligations and may also result in an increase in our costs for those handsets, including handsets that are capable of operating on both our iDEN and WCDMA networks. 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 may be more significant in Argentina where we do not currently hold spectrum that would support the deployment of a WCDMA 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 in two different funds. See Note 9 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 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 operations as foreign currency transaction gains, 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 and Nextel Chile 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. | ||||||||||||
Accumulated Other Comprehensive Loss. The components of our accumulated other comprehensive loss, net of taxes, are as follows: | ||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||
(in thousands) | ||||||||||||
Cumulative foreign currency translation adjustment | $ | (951,271 | ) | $ | (616,378 | ) | ||||||
Other | (4,806 | ) | (7,063 | ) | ||||||||
$ | (956,077 | ) | $ | (623,441 | ) | |||||||
Supplemental Cash Flow Information. | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
(in thousands) | ||||||||||||
Capital expenditures | ||||||||||||
Cash paid for capital expenditures, including capitalized interest | $ | 664,877 | $ | 1,042,479 | $ | 961,794 | ||||||
Change in capital expenditures accrued and unpaid or financed, including | 218,071 | 378,638 | 382,911 | |||||||||
accreted interest capitalized | ||||||||||||
$ | 882,948 | $ | 1,421,117 | $ | 1,344,705 | |||||||
Interest costs | ||||||||||||
Interest expense, net | $ | 539,159 | $ | 365,521 | $ | 311,735 | ||||||
Interest capitalized | 78,254 | 127,189 | 76,204 | |||||||||
$ | 617,413 | $ | 492,710 | $ | 387,939 | |||||||
Acquisitions of assets and business combinations | ||||||||||||
Fair value of assets acquired | $ | 53,066 | $ | 100,185 | $ | 138,678 | ||||||
Less: liabilities assumed and deferred tax liabilities incurred | — | — | — | |||||||||
Less: cash acquired | — | — | — | |||||||||
$ | 53,066 | $ | 100,185 | $ | 138,678 | |||||||
Cash paid for interest, net of amounts capitalized | $ | 391,874 | $ | 293,594 | $ | 183,475 | ||||||
Cash paid for income taxes | $ | 39,292 | $ | 269,597 | $ | 344,963 | ||||||
For the year ended December 31, 2013, we had $213.5 million in non-cash financing, primarily related to borrowings under our equipment financing facility in Mexico, the short-term financing of imported handsets and infrastructure in Brazil and co-location capital lease obligations on our transmitter and receiver sites, which we also refer to as communication towers or towers, although in some instances these towers are located on rooftops and other structures, in Brazil and Mexico. For the year ended December 31, 2012, we had $238.8 million in non-cash financing, primarily related to borrowings under our equipment financing facilities in Mexico and Chile, 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. For the year ended December 31, 2011, we had $918.7 million in non-cash financing. Of this amount, $689.8 million related to the long-term financing of spectrum that was awarded to Nextel Brazil in June 2011 as described in Note 8. The remainder consisted primarily of the short-term financing of imported handsets and infrastructure in Brazil, the long-term financing of infrastructure equipment in Chile and co-location capital lease obligations on our communication towers. | ||||||||||||
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, 2013 and 2012, we had $740.0 million and $479.4 million, respectively, in time deposits. | ||||||||||||
Restricted Cash. As of December 31, 2013, we had $91.3 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, purchase commitments for handsets and cash collateral supporting the lease of our corporate headquarters, and the remainder of which was included in other current assets. | ||||||||||||
As of December 31, 2012, we had $16.0 million in restricted cash, the majority of which was included in other long-term assets and represented cash collateral supporting the lease of our corporate headquarters, and the remainder of which was included in other current assets. | ||||||||||||
Short-Term Investments. Our short-term investments consist of investments made by Nextel Brazil in two different investment funds and certificates of deposit with a Brazilian bank. 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 operations. 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 9 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 handset and accessory sales. 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, 2013, 2012 and 2011, we recorded losses related to inventory obsolescence of $70.4 million, $1.6 million and $3.2 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 depreciate our corporate aircraft capital lease using the straight-line method based on the lease term of 10 years. We include depreciation expense on our corporate aircraft capital lease and other 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, we estimate that our depreciation expense will decrease 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 an $82.6 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, 2013 and 2012, our asset retirement obligations were as follows (in thousands): | ||||||||||||
2013 | 2012 | |||||||||||
Balance, January 1 | $ | 114,760 | $ | 81,728 | ||||||||
New asset retirement obligations | 18,648 | 10,740 | ||||||||||
Change in assumptions | (82,634 | ) | 8,088 | |||||||||
Accretion | 18,319 | 14,804 | ||||||||||
Settlement of asset retirement obligation | (93 | ) | (293 | ) | ||||||||
Foreign currency translation and other | (13,775 | ) | (307 | ) | ||||||||
Balance, December 31 | $ | 55,225 | $ | 114,760 | ||||||||
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, 2013 and 2012, 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. Many of our licenses give us the right to use 800 MHz spectrum that is non-contiguous, and the iDEN technology is the only commercially available digital technology that operates on non-contiguous spectrum. As a result, our ability to deploy new technologies on our licensed 800 MHz spectrum may be limited unless we are able to reconfigure the spectrum holdings into contiguous blocks and meet other technical, operational and regulatory requirements. In light of the uncertainty regarding the availability of alternative technologies, our ability to reconfigure the 800 MHz spectrum, our ability to meet certain other requirements and the commercial life of any technology, including the iDEN technology, our ability to use our 800 MHz spectrum for an indefinite period cannot be assured. As a result, we classify our licenses as definite lived 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 and two-way radio 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. | ||||||||||||
We recognized the proceeds received from our spectrum use and build-out agreement with Sprint as deferred revenues. We amortize this amount into revenue on a straight-line basis over 15.5 years, which represents the average remaining useful life of our licenses in the Baja region of Mexico as of the date we began providing service under this agreement. | ||||||||||||
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, 2013, 2012 and 2011, we had $166.0 million, $211.5 million and $245.2 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. 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 $147.9 million, $174.3 million and $214.4 million during the years ended December 31, 2013, 2012 and 2011, respectively. | ||||||||||||
Stock-Based Compensation. We measure and recognize compensation expense for all stock-based compensation awards based on estimated fair values. See Note 13 for more information. | ||||||||||||
Net (Loss) Income Per Common Share, Basic and Diluted. Basic net (loss) income per common share is computed by dividing adjusted net (loss) income attributable to common shares by the weighted average number of common shares outstanding for the period. Diluted net (loss) income 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, 2013 and 2012, our calculation of diluted net loss per 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, restricted common shares issued under those plans or common shares resulting from the potential conversion of our 3.125% convertible notes prior to their maturity on June 15, 2012 since their effect would have been antidilutive to our net loss for those periods. In addition, for the years ended December 31, 2013 and 2012, we did not include 10.8 million or 16.8 million stock options, respectively, and 2.8 million and 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. | ||||||||||||
As presented for the year ended December 31, 2011, our calculation of diluted net income per share includes common shares resulting from shares issuable upon the potential exercise of stock options under our stock-based employee compensation plans and our restricted stock, as well as common shares resulting from the potential conversion of our 2.75% convertible notes. During the third quarter of 2011, certain holders of our 2.75% convertible notes required us to purchase a portion of these notes, and we exercised our call option and redeemed the remaining outstanding principal amount of these notes. We did not include the common shares resulting from the potential conversion of our 3.125% convertible notes in our calculation of diluted net income per common share because their effect would have been antidilutive to our net income per common share for the year ended December 31, 2011. Further, for the year ended December 31, 2011, we did not include 9.3 million in antidilutive stock options nor did we include an immaterial amount of our restricted stock in our calculation of diluted net income per common share because their effect would also have been antidilutive to our net income per common share for that period. | ||||||||||||
The following tables provide a reconciliation of the numerators and denominators used to calculate basic and diluted net (loss) income per common share as disclosed in our consolidated statements of operations for the years ended December 31, 2013, 2012 and 2011: | ||||||||||||
Year Ended December 31, 2013 | ||||||||||||
Income | Shares | Per Share | ||||||||||
(Numerator) | (Denominator) | Amount | ||||||||||
(in thousands, except per share data) | ||||||||||||
Basic net loss per common share: | ||||||||||||
Net loss | $ | (1,649,599 | ) | 171,912 | ||||||||
Net income allocable to participating shares | — | — | ||||||||||
Adjusted net loss attributable to common shares | (1,649,599 | ) | 171,912 | $ | (9.60 | ) | ||||||
Effect of dilutive securities: | ||||||||||||
Stock options | — | — | ||||||||||
Restricted stock | — | — | ||||||||||
Convertible notes, net of capitalized interest and taxes | — | — | ||||||||||
Diluted net loss per common share: | ||||||||||||
Net loss on which diluted earnings per share is calculated | $ | (1,649,599 | ) | 171,912 | $ | (9.60 | ) | |||||
Year Ended December 31, 2012 | ||||||||||||
Income | Shares | Per Share | ||||||||||
(Numerator) | (Denominator) | Amount | ||||||||||
(in thousands, except per share data) | ||||||||||||
Basic net loss per common share: | ||||||||||||
Net loss | $ | (765,249 | ) | 171,499 | ||||||||
Net income allocable to participating shares | — | — | ||||||||||
Adjusted net loss attributable to common shares | (765,249 | ) | 171,499 | $ | (4.46 | ) | ||||||
Effect of dilutive securities: | ||||||||||||
Stock options | — | — | ||||||||||
Restricted stock | — | — | ||||||||||
Convertible notes, net of capitalized interest and taxes | — | — | ||||||||||
Diluted net loss per common share: | ||||||||||||
Net loss on which diluted earnings per share is calculated | $ | (765,249 | ) | 171,499 | $ | (4.46 | ) | |||||
Year Ended December 31, 2011 | ||||||||||||
Income | Shares | Per Share | ||||||||||
(Numerator) | (Denominator) | Amount | ||||||||||
(in thousands, except per share data) | ||||||||||||
Basic net income per common share: | ||||||||||||
Net income | $ | 225,196 | 170,601 | |||||||||
Net income allocable to participating shares | (1,546 | ) | — | |||||||||
Adjusted net income attributable to common shares | 223,650 | 170,601 | $ | 1.31 | ||||||||
Effect of dilutive securities: | ||||||||||||
Stock options | — | 1,971 | ||||||||||
Restricted stock | — | 208 | ||||||||||
Convertible notes, net of capitalized interest and taxes | — | 1 | ||||||||||
Diluted net income per common share: | ||||||||||||
Net income on which diluted earnings per share is calculated | $ | 225,196 | 172,781 | $ | 1.3 | |||||||
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. | ||||||||||||
During 2013 the valuation allowance against our deferred tax assets increased by a net amount of $4.0 billion. This increase is due to a continuance of our prior position of recording a full valuation allowance with respect to the net deferred tax assets of Nextel Chile and the U.S., resulting in an additional $151.3 million valuation allowance for these entities. Our prior position of recording a full valuation allowance with respect to the net deferred tax assets of our holding companies in Luxembourg, Spain and Netherlands also continued in 2013, and we recorded in total a $3.3 billion valuation allowance against the deferred tax assets of these entities. Due to the nature of these companies and their tax status under local holding company rules, a full valuation allowance is necessary as the net operating loss carryforwards will never be utilized and add no value to the company. In addition, our prior position regarding the need for a valuation allowance on one of our Brazil subsidiaries and three of our Mexico subsidiaries changed in 2013, and we recorded valuation allowances of $382.9 million and $189.8 million against the net deferred tax assets of these Brazilian and Mexican subsidiaries, respectively. This change of position was primarily due to the significant decline in our current and recent cumulative earnings. | ||||||||||||
Realization of deferred tax assets in any of our markets depends on various factors, including continued future profitability in these markets. Our ability to generate the expected amounts of taxable income from future operations is dependent upon general economic conditions, technology trends, political uncertainties, competitive pressures and other factors beyond management’s control. We will continue to evaluate the deferred tax asset valuation allowance balances in all of our foreign and U.S. companies throughout 2014 to determine the appropriate level of valuation allowances. | ||||||||||||
We continued to assert our prior position regarding the repatriation of historical foreign earnings back to the U.S. During the first quarter of 2010, we determined that we will repatriate an additional amount of $200.0 million of 2010 undistributed earnings back to the U.S. in a taxable manner. This amount was in addition to $26.3 million that remained to be repatriated in accordance with our 2007 decision to repatriate foreign earnings to the U.S., for a total of $226.3 million to be repatriated. As of December 31, 2012, we included a $54.4 million provision in deferred tax liability 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. This deferred tax liability decreased slightly in 2013 due to changes in foreign currency exchange rates to $54.2 million as of December 31, 2013. Except for the earnings associated with this provision 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 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 which may be payable on the remaining undistributed earnings. | ||||||||||||
Reclassifications. We have reclassified some prior period amounts in our consolidated financial statements to conform to our current year presentation. | ||||||||||||
New Accounting Pronouncements. There were no new accounting standards issued during the year ended December 31, 2013 that materially impacted our consolidated financial statements or could materially impact our financial statements or related disclosures in a future period. |
Significant_Transactions_Notes
Significant Transactions (Notes) | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Significant Disposal Of Assets [Abstract] | ' | |||
Significant Transactions | ' | |||
2013 Sale of Towers | ||||
In August 2013, Nextel Brazil and Nextel Mexico agreed to sell 2,790 and 1,666 communication towers, respectively, to American Tower Corporation, or American Tower, in two separate transactions for total estimated proceeds based on foreign currency exchange rates at the time of $432.3 million and $391.2 million, respectively, subject to certain adjustments, including adjustments based on the actual number of towers sold. We refer to these sales as the 2013 sale of towers. Both Nextel Brazil and Nextel Mexico agreed to lease these towers from American Tower for a minimum initial lease term of 12 years with optional additional renewals. NII International Telecom, S.C.A., or NIIT, which is an indirect subsidiary of NII Holdings, Inc., agreed to provide certain credit support with respect to the lease obligations of Nextel Brazil. The transaction agreements provide that all payments, including the purchase price and site rental, will be made in local currencies. As a result, the estimated U.S. dollar-denominated proceeds are subject to changes in the values of the local currencies relative to the U.S. dollar. | ||||
In November 2013, Nextel Mexico completed the sale of 1,483 communication towers to American Tower for proceeds based on foreign currency exchange rates at the time of $374.3 million. In December 2013, Nextel Brazil completed the sale of 1,940 communication towers to American Tower for proceeds based on foreign currency exchange rates at the time of $348.0 million. The agreement with American Tower provides for a post-closing period during which certain adjustments can be made to the purchase price of each transferred tower or certain towers can be returned based on the verification of information relevant to the tower. During this post-closing adjustment period, which we expect will last about 120 days from the date of each closing, we are accounting for the proceeds from these transactions under the deposit method and recording payments received from American Tower as a deposit liability, which is included in our consolidated balance sheet as a component of deposits related to 2013 sale of towers. After any price adjustments are determined, we will calculate the gain on the sale of the towers and begin accounting for these sales as sale-leaseback transactions in accordance with the FASB's authoritative guidance on leases. In addition, we expect to recognize a capital lease liability for the portion of the leases related to these towers. We will recognize a portion of the gain over the lease term and record the remainder of the gain as a component of operating income immediately. Once the applicable closing conditions are met, we expect to complete the sale of some or all of the remaining towers in Brazil and Mexico that were agreed to be sold. | ||||
For years subsequent to December 31, 2013, future minimum payments related to the 2013 sale of towers, including committed executory costs, are as follows (in thousands): | ||||
2014 | $ | 109,887 | ||
2015 | 112,084 | |||
2016 | 114,326 | |||
2017 | 116,612 | |||
2018 | 118,945 | |||
Thereafter | 2,458,376 | |||
Total | $ | 3,030,230 | ||
Impairments_and_Restructuring_
Impairments and Restructuring Charges | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Asset Impairment, Restructuring And Related Activities [Abstract] | ' | |||||||
Impairment and Restructuring Charges | ' | |||||||
Impairment and Restructuring Charges | ||||||||
Asset Impairments. | ||||||||
In January 2013, we began evaluating the feasibility of discontinuing the broader use of software previously developed for use in multiple markets to support our customer relationship management systems and the possibility of restricting its ongoing use to one market. As a result of this evaluation, in the first quarter of 2013, we recognized a non-cash asset impairment charge of $85.3 million related to the discontinuation of this software, of which $42.8 million was recognized at the corporate level, $33.5 million was recognized by Nextel Chile and $9.0 million was recognized by Nextel Mexico. | ||||||||
We recognized a $5.9 million asset impairment at the corporate level in September 2013 related to the discontinuation of the development of certain network features. | ||||||||
During 2013, we tested long-lived assets in our Nextel Brazil, Nextel Mexico, and Nextel Chile 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. | ||||||||
During the year ended December 31, 2012, we recognized $322.2 million in non-cash impairment charges, $298.8 million of which related to an asset impairment recognized by our Nextel Chile operating segment described below. The remainder of our impairment charges related to the write-off of certain information technology projects in 2012, the majority of which was at the corporate level. | ||||||||
Due to a change in management focus, in December 2012, we determined that the carrying value of the asset group within our Nextel Chile operating segment, which includes all operating assets and liabilities held at our Chilean operating segment, was not recoverable. As a result, we recorded a non-cash asset impairment charge of $298.8 million to reduce the carrying amount of the asset group to its fair value. We determined the estimated fair value of Nextel Chile's asset group using a discounted cash flow analysis in conjunction with a sum-of-the-parts cost approach, both of which are considered Level 3 inputs within the fair value hierarchy under the FASB's authoritative guidance on fair value measurements. The discounted cash flows mentioned above were derived from a seven-year projection of revenues and expenses, plus a residual value, with the resulting projected cash flows discounted at an appropriate weighted average cost of capital. We assembled the sum-of-the-parts analysis using the estimated cost to construct a network with the related spectrum licenses. | ||||||||
Restructuring Charges. | ||||||||
In the fourth quarter of 2013, we recognized $23.8 million in restructuring charges, the majority of which was 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 better align our costs and organizational structure with our growth strategy. | ||||||||
In September 2013, Nextel Mexico recognized $8.6 million in restructuring charges related to the separation of employees in conjunction with actions taken to realign staffing and other resources and reduce general and administrative expenses in our Mexican operating company. | ||||||||
In August 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. | ||||||||
In 2009, we entered into an agreement with Nokia Siemens Networks, or NSN, to manage our network operations infrastructure. During the first quarter of 2013, we restructured and amended this agreement, reduced the scope of the services provided by NSN, 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 NSN arrangements could be implemented in each of our markets. Under the 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 the restructuring with NSN, we recognized a non-cash charge of $39.9 million relating to the write-off of the remainder of the prepayment. | ||||||||
During the fourth quarter of 2012, we recognized $7.6 million in restructuring charges at the corporate level, primarily related to the separation of employees in conjunction with certain actions taken to realign resources and roles between our corporate headquarters and operating segments. | ||||||||
As of December 31, 2013, $15.4 million of our restructuring charges were accrued and unpaid. Total impairment and restructuring charges for the years ended December 31, 2013 and 2012 were as follows (in thousands): | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
Brazil | $ | 24,515 | $ | 2,437 | ||||
Mexico | 39,057 | 439 | ||||||
Argentina | 7,908 | 73 | ||||||
Chile | 36,004 | 299,366 | ||||||
Corporate | 63,563 | 27,452 | ||||||
Total impairment and restructuring charges | $ | 171,047 | $ | 329,767 | ||||
Discontinued_Operations_Notes
Discontinued Operations (Notes) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
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. The aggregate value we received reflects estimated adjustments for cash, debt and working capital balances as of the closing date and is subject to post-closing working capital adjustments. In connection with the disposal of our Nextel Peru operation, we recognized a loss of $2.8 million for the year ended December 31, 2013. We also entered into a transition services agreement, pursuant to which we and our subsidiaries will provide certain services to Entel in order to facilitate the transition of Nextel Peru. | ||||||||||||
In connection with the sale of Nextel Peru to Entel, we have reported Nextel Peru as a discontinued operation in this annual report on Form 10-K. Accordingly, we reclassified Nextel Peru's results of operations for all periods presented to reflect 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 Peru were as follows (in thousands): | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Operating revenues | $ | 204,982 | $ | 343,341 | $ | 354,129 | ||||||
Operating expenses | (239,915 | ) | (441,222 | ) | (389,163 | ) | ||||||
Other expense, net | (1,501 | ) | (5,924 | ) | (9,481 | ) | ||||||
Loss before income tax provision | (36,434 | ) | (103,805 | ) | (44,515 | ) | ||||||
Income tax (provision) benefit | (900 | ) | (63,965 | ) | 7,017 | |||||||
(37,334 | ) | (167,770 | ) | (37,498 | ) | |||||||
Loss on disposal of Nextel Peru | (2,848 | ) | — | — | ||||||||
Loss from discontinued operations, net of income taxes | $ | (40,182 | ) | $ | (167,770 | ) | $ | (37,498 | ) | |||
The components of assets and liabilities classified as held for sale as of December 31, 2012 consisted of the following (in thousands): | ||||||||||||
31-Dec-12 | ||||||||||||
ASSETS | ||||||||||||
Cash and cash equivalents | $ | 12,318 | ||||||||||
Accounts receivable, less allowance for doubtful accounts of $4,245 | 31,278 | |||||||||||
Handset and accessory inventory | 26,375 | |||||||||||
Prepaid expenses and other | 27,422 | |||||||||||
Property, plant and equipment, net | 353,676 | |||||||||||
Intangible assets, net | 39,290 | |||||||||||
Other assets | 7,334 | |||||||||||
Total assets | $ | 497,693 | ||||||||||
LIABILITIES | ||||||||||||
Accounts payable | $ | 61,365 | ||||||||||
Accrued expenses and other | 45,995 | |||||||||||
Deferred revenues | 17,346 | |||||||||||
Current portion of long-term debt | 3,205 | |||||||||||
Long-term debt | 3,453 | |||||||||||
Other long-term liabilities | 9,282 | |||||||||||
Total liabilities | $ | 140,646 | ||||||||||
Property_Plant_and_Equipment
Property, Plant and Equipment | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
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, | ||||||||
2013 | 2012 | |||||||
(in thousands) | ||||||||
Land | $ | 9,652 | $ | 10,505 | ||||
Building and leasehold improvements | 193,376 | 201,227 | ||||||
Digital mobile network equipment, communication towers and network software | 4,829,134 | 4,406,690 | ||||||
Office equipment, furniture and fixtures and other | 785,242 | 783,370 | ||||||
Corporate aircraft capital lease | 42,747 | 42,747 | ||||||
Less: Accumulated depreciation and amortization | (2,995,667 | ) | (2,684,635 | ) | ||||
2,864,484 | 2,759,904 | |||||||
Construction in progress | 523,576 | 771,367 | ||||||
$ | 3,388,060 | $ | 3,531,271 | |||||
Intangible_Assets
Intangible Assets | 12 Months Ended | |||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||
Finite-Lived Intangible Assets, Net [Abstract] | ' | |||||||||||||||||||||||
Intangible Assets | ' | |||||||||||||||||||||||
Intangible Assets | ||||||||||||||||||||||||
Our intangible assets include the following: | ||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||||||||||
Gross Carrying | Accumulated | Net Carrying | Gross Carrying | Accumulated | Net Carrying | |||||||||||||||||||
Value | Amortization | Value | Value | Amortization | Value | |||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Amortizable intangible assets: | ||||||||||||||||||||||||
Licenses | $ | 1,220,990 | $ | (245,321 | ) | $ | 975,669 | $ | 1,299,433 | $ | (192,051 | ) | $ | 1,107,382 | ||||||||||
Total amortizable intangible assets | $ | 1,220,990 | $ | (245,321 | ) | $ | 975,669 | $ | 1,299,433 | $ | (192,051 | ) | $ | 1,107,382 | ||||||||||
Based on the carrying amount of intangible assets as of December 31, 2013 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 | |||||||||||||||||||||||
2014 | $ | 81,216 | ||||||||||||||||||||||
2015 | 81,216 | |||||||||||||||||||||||
2016 | 81,216 | |||||||||||||||||||||||
2017 | 81,216 | |||||||||||||||||||||||
2018 | 81,216 | |||||||||||||||||||||||
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 December 31, 2013 the balance of our indefinite lived intangible assets was $18.6 million compared to the December 31, 2012 balance of $18.7 million. In addition, the weighted average useful life of the intangible assets we acquired during the year ended December 31, 2013 was 15 years. |
Balance_Sheet_Details
Balance Sheet Details | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Balance Sheet Related Disclosures [Abstract] | ' | |||||||
Balance Sheet Details | ' | |||||||
Balance Sheet Details | ||||||||
Prepaid Expenses and Other. | ||||||||
The components are as follows: | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
(in thousands) | ||||||||
Prepaid value-added taxes | $ | 237,119 | $ | 230,899 | ||||
Prepaid income taxes | 59,054 | 111,087 | ||||||
Other prepaid assets | 97,421 | 112,571 | ||||||
Other current assets | 42,506 | 33,534 | ||||||
$ | 436,100 | $ | 488,091 | |||||
Accrued Expenses and Other. | ||||||||
The components are as follows: | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
(in thousands) | ||||||||
Capital expenditures | $ | 290,484 | $ | 300,905 | ||||
Non-income based taxes | 114,360 | 154,126 | ||||||
Network system and information technology | 92,109 | 97,443 | ||||||
Payroll related items and commissions | 92,852 | 88,843 | ||||||
Accrued interest | 128,509 | 73,135 | ||||||
Other | 254,220 | 255,341 | ||||||
$ | 972,534 | $ | 969,793 | |||||
Debt
Debt | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Debt [Abstract] | ' | |||||||
Debt | ' | |||||||
Debt | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
(in thousands) | ||||||||
NII Capital Corp. senior notes, net | $ | 2,729,321 | $ | 2,725,303 | ||||
NII International Telecom, S.C.A. senior notes, net | 1,609,962 | — | ||||||
Equipment financing | 653,557 | 557,043 | ||||||
Bank loans | 444,268 | 1,190,980 | ||||||
Capital lease and tower financing obligations | 352,462 | 346,879 | ||||||
Brazil import financing | — | 37,422 | ||||||
Other | 3,901 | 1,917 | ||||||
Total debt | 5,793,471 | 4,859,544 | ||||||
Less: current portion | (96,839 | ) | (94,039 | ) | ||||
$ | 5,696,632 | $ | 4,765,505 | |||||
NII Capital Corp. Senior Notes. | ||||||||
7.625% Senior Notes due 2021. In March 2011, we issued $750.0 million aggregate principal amount of senior notes for which we received $735.6 million in cash proceeds, after deducting $14.4 million of underwriting discounts and offering expenses, which we are amortizing into interest expense over the ten-year term of the notes. In December 2011, we issued an additional $700.0 million aggregate principal amount of these senior notes for which we received $689.3 million in cash proceeds, after deducting $10.7 million in original issue discount, underwriting discounts and offering expenses, which we are amortizing over the remaining term of the notes. The December 2011 issuance is fully fungible with, ranks equally with and forms a single series with the March 2011 senior notes. | ||||||||
The notes are senior unsecured obligations of NII Capital Corp., a domestic subsidiary that we wholly own, and are guaranteed by us and by certain of our other domestic wholly-owned subsidiaries. These guarantees are full and unconditional, as well as joint and several. Subject to certain exceptions, the notes are equal in right of payment with any future unsecured, unsubordinated indebtedness of NII Capital Corp. and the guarantors of the notes. The notes will also be senior to any of NII Capital Corp.'s future subordinated indebtedness. In addition, the notes are effectively subordinated to all NII Capital Corp.'s existing and future secured indebtedness, as well as to all existing and future indebtedness of our subsidiaries that are not guarantors of the notes, including the foreign subsidiaries that operate in each of our markets. The notes bear interest at a rate of 7.625% per year, which is payable semi-annually in arrears on April 1 and October 1, beginning on October 1, 2011 and will mature on April 1, 2021. | ||||||||
The notes are not entitled to any mandatory redemption or sinking fund. Prior to April 1, 2014, up to 35% of the aggregate principal amount of the notes may be redeemed with the net cash proceeds from specified equity offerings at a redemption price of 107.625% of their principal amount, plus accrued and unpaid interest. Such redemption may only be made if, after the redemption, at least 65% of the aggregate principal amount of the notes issued remains outstanding. In addition, prior to April 1, 2016, NII Capital Corp. may redeem the notes, in whole or in part, at a redemption price equal to 100% of the principal amount thereof plus a “make-whole” premium and accrued and unpaid interest. At any time on or after April 1, 2016 and prior to maturity, the notes will be redeemable, in whole or in part, at the redemption prices presented below (expressed as percentages of principal amount), plus accrued and unpaid interest to the redemption date if redeemed during the 12-month period beginning on April 1 of the applicable year: | ||||||||
Year | Redemption | |||||||
Price | ||||||||
2016 | 103.81% | |||||||
2017 | 102.54% | |||||||
2018 | 101.27% | |||||||
2019 and thereafter | 100.00% | |||||||
Upon the occurrence of specified events involving a change of control, holders of the notes may require us to purchase their notes at a purchase price equal to 101% of the principal amount of the notes, plus accrued and unpaid interest. | ||||||||
The indenture governing the notes, among other things, limits our ability and the ability of some of our subsidiaries to: | ||||||||
• | incur additional indebtedness and issue preferred stock; | |||||||
• | create liens or other encumbrances; | |||||||
• | place limitations on distributions from some of our subsidiaries; | |||||||
• | pay dividends, acquire shares of our capital stock or make investments; | |||||||
• | prepay subordinated indebtedness or make other restricted payments; | |||||||
• | issue or sell capital stock of some of our subsidiaries; | |||||||
• | issue guarantees; | |||||||
• | sell or exchange assets; | |||||||
• | enter into transactions with affiliates; and | |||||||
• | merge or consolidate with another entity. | |||||||
These covenants are subject to a number of qualifications and exceptions. | ||||||||
8.875% Senior Notes due 2019. In December 2009, we issued $500.0 million aggregate principal amount of senior notes for total cash proceeds of about $486.6 million, after deducting original issue discount and commissions and $0.5 million in offering expenses related to the issuance of the notes, which we are amortizing into interest expense over the term of the notes. The notes are senior unsecured obligations of NII Capital Corp. and are guaranteed by us and by certain of our other domestic wholly-owned subsidiaries. These guarantees are full and unconditional, as well as joint and several. Subject to certain exceptions, the notes are equal in right of payment with any future unsecured, unsubordinated indebtedness of NII Capital Corp. and of the guarantors of the notes. The notes will also be senior to any of NII Capital Corp.’s future subordinated indebtedness. In addition, the notes are effectively subordinated to all NII Capital Corp.’s existing and future secured indebtedness, as well as to all existing and future indebtedness of our subsidiaries that are not guarantors of the notes, including the foreign subsidiaries that operate in each of our markets. The notes bear interest at a rate of 8.875% per year, which is payable semi-annually in arrears on June 15 and December 15, beginning June 15, 2010. The notes will mature on December 15, 2019 when the entire principal amount of $500.0 million will be due. | ||||||||
The notes are not entitled to any mandatory redemption or sinking fund. Prior to December 15, 2014, NII Capital Corp. may redeem the notes, in whole or in part, at a redemption price equal to 100% of the principal amount thereof plus a “make-whole” premium and accrued and unpaid interest. At any time on or after December 15, 2014 and prior to maturity, the notes will be redeemable, in whole or in part, at the redemption prices presented below (expressed as percentages of principal amount), plus accrued and unpaid interest to the redemption date if redeemed during the 12-month period beginning on December 15 of the applicable year: | ||||||||
Year | Redemption Price | |||||||
2014 | 104.44% | |||||||
2015 | 102.96% | |||||||
2016 | 101.48% | |||||||
2017 and thereafter | 100.00% | |||||||
Upon the occurrence of specified events involving a change of control, holders of the notes may require us to purchase their notes at a purchase price equal to 101% of the principal amount of the notes, plus accrued and unpaid interest. | ||||||||
The indenture pursuant to which the notes were issued includes covenants that are substantially similar to the covenants (including the related qualifications and exceptions) contained in the indentures governing NII Capital Corp.'s 7.625% senior notes due 2021. | ||||||||
10.0% Senior Notes due 2016. In August 2009, we issued $800.0 million aggregate principal amount of senior notes for total cash proceeds of $762.5 million, after deducting original issue discount and commissions and $0.9 million in offering expenses related to the issuance of the notes, which we are amortizing into interest expense over the term of the notes. The notes are senior unsecured obligations of NII Capital Corp., a domestic subsidiary that we wholly own, and are guaranteed by us and by certain of our other domestic wholly-owned subsidiaries. These guarantees are full and unconditional, as well as joint and several. Subject to certain exceptions, the notes are equal in right of payment with any future unsecured, unsubordinated indebtedness of NII Capital Corp. and of the guarantors of the notes. The notes will also be senior to any of NII Capital Corp.’s future subordinated indebtedness. In addition, the notes are effectively subordinated to all NII Capital Corp.’s existing and future secured indebtedness, as well as to all existing and future indebtedness of our subsidiaries that are not guarantors of the notes, including the foreign subsidiaries that operate in each of our markets. The notes bear interest at a rate of 10% per year, which is payable semi-annually in arrears on February 15 and August 15, beginning February 15, 2010. The notes will mature on August 15, 2016 when the entire principal amount of $800.0 million will be due. | ||||||||
The notes are not entitled to any mandatory redemption or sinking fund. Prior to August 15, 2013, NII Capital Corp. may redeem the notes, in whole or in part, at a redemption price equal to 100% of the principal amount thereof plus a “make-whole” premium and accrued and unpaid interest. At any time on or after August 15, 2013 and prior to maturity, the notes will be redeemable, in whole or in part, at the redemption prices presented below (expressed as percentages of principal amount), plus accrued and unpaid interest to the redemption date if redeemed during the 12-month period beginning on August 15 of the applicable year: | ||||||||
Year | Redemption Price | |||||||
2013 | 105.00% | |||||||
2014 | 102.50% | |||||||
2015 and thereafter | 100.00% | |||||||
Upon the occurrence of specified events involving a change of control, holders of the notes may require us to purchase their notes at a purchase price equal to 101% of the principal amount of the notes, plus accrued and unpaid interest. | ||||||||
The indenture pursuant to which the notes were issued includes covenants that are substantially similar to the covenants (including the related qualifications and exceptions) contained in the indentures governing NII Capital Corp.'s 7.625% senior notes due 2021. | ||||||||
NII International Telecom, S.C.A. Senior Notes. | ||||||||
7.875% Senior Notes due 2019. In May 2013, we issued $700.0 million aggregate principal amount of a new series of senior notes, which we refer to as the 7.875% notes, for which we received $691.7 million in net cash proceeds, after deducting $8.3 million of initial purchasers' discounts, commissions and offering costs that we are amortizing into interest expense over the six-year term of the notes. We utilized all of the net proceeds from this offering to repay in full our Mexican peso-denominated bank loan in Mexico, several of our Brazilian real-denominated bank loans in Brazil and all of our import financing loans in Brazil. In connection with these repayments, we expensed $6.5 million in unamortized deferred financing costs and recognized an immaterial loss on extinguishment of debt. | ||||||||
The 7.875% notes are senior unsecured obligations of NIIT, which is an indirect subsidiary of NII Holdings, Inc., and are guaranteed by NII Holdings, Inc. This guarantee is full and unconditional; however, NII Holdings, Inc. is not subject to any of the restrictive covenants in the indenture governing the 7.875% notes. Subject to certain exceptions, the 7.875% notes rank equally in right of payment with all existing and future unsecured and unsubordinated indebtedness of NIIT and NII Holdings, Inc., including the 11.375% notes described below, and are effectively junior to all existing and future secured indebtedness of NIIT and NII Holdings, Inc. to the extent of the assets securing that indebtedness. In addition, the notes are effectively senior to all of NII Capital Corp.'s unsecured indebtedness. No subsidiaries of NIIT guarantee the notes. As a result, the notes are structurally subordinated to all existing and future liabilities and obligations of the subsidiaries of NIIT. The notes bear interest at a rate of 7.875% per year, which is payable semi-annually in arrears on February 15 and August 15, beginning on August 15, 2013, and will mature on August 15, 2019. | ||||||||
Prior to February 15, 2016, NIIT may redeem up to 35% of the notes at a redemption price equal to 107.875% of the principal amount, plus accrued and unpaid interest, using the proceeds of certain equity offerings by NII Holdings. NIIT may, however, only make such a redemption if, after the redemption, at least 65% of the aggregate principal amount of the notes issued remains outstanding. Prior to February 15, 2017, NIIT may redeem the notes, in whole or in part, at a redemption price equal to 100% of the principal amount plus a "make-whole" premium and accrued and unpaid interest. In addition, NIIT may redeem any of the notes, in whole or in part, at any time on or after February 15, 2017 at the redemption prices presented below (expressed as percentages of the principal amount), plus accrued and unpaid interest, if any, to the date of redemption: | ||||||||
Year | Redemption Price | |||||||
2017 | 103.94% | |||||||
2018 | 101.97% | |||||||
2019 | 100.00% | |||||||
Upon the occurrence of specified events involving a change of control, holders of the notes may require NIIT to purchase their notes at a purchase price equal to 101% of the principal amount of the notes, plus accrued and unpaid interest. | ||||||||
In addition, in accordance with the indenture governing the 7.875% notes, if we have not repaid or refinanced the $800.0 million outstanding of our existing 10.0% senior notes due 2016 on or prior to May 15, 2016, NIIT will be required to offer to repurchase all of the 7.875% notes at a price equal to 100% of the principal amount. | ||||||||
The indenture governing the notes restricts our ability to make upstream payments to NII Holdings, Inc., other than payments for interest on existing NII Capital Corp. notes and operating expenses of NII Holdings, Inc. In addition, this indenture, among other things, limits NIIT's ability and the ability of some of its subsidiaries to: | ||||||||
• | incur additional indebtedness and issue preferred stock; | |||||||
• | create liens or other encumbrances; | |||||||
• | place limitations on distributions from restricted subsidiaries; | |||||||
• | pay dividends, acquire shares of our capital stock or make investments; | |||||||
• | prepay subordinated indebtedness or make other restricted payments; | |||||||
• | issue or sell capital stock of restricted subsidiaries; | |||||||
• | issue guarantees; | |||||||
• | sell or exchange assets; | |||||||
• | enter into transactions with affiliates; and | |||||||
• | merge or consolidate with another entity. | |||||||
These covenants are subject to a number of qualifications and exceptions. | ||||||||
11.375% Senior Notes due 2019. In February 2013, we issued $750.0 million aggregate principal amount of a new series of senior notes, which we refer to as the 11.375% notes, for which we received $733.5 million in net cash proceeds, after deducting $16.5 million of commissions and offering costs that we are amortizing into interest expense over the six-year term of the notes. In April 2013, we issued an additional $150.0 million aggregate principal amount of the 11.375% notes at a premium with an issue price of 107.25% of the principal amount of the notes plus accrued interest from February 19, 2013. In connection with this transaction, we received net cash proceeds of $159.8 million, after deducting $0.8 million in commissions and offering costs. The 11.375% notes issued in April 2013 are fully fungible with, rank equally with and form a single series with the 11.375% notes issued in February 2013. | ||||||||
The 11.375% notes are senior unsecured obligations of NIIT and are guaranteed by NII Holdings, Inc. This guarantee is full and unconditional; however, NII Holdings, Inc. is not subject to any of the restrictive covenants in the indenture governing the 11.375% notes. Subject to certain exceptions, the 11.375% notes rank equally in right of payment with all existing and future unsecured and unsubordinated indebtedness of NIIT and NII Holdings, Inc., including the 7.875% notes, and are effectively junior to all existing and future secured indebtedness of NIIT and NII Holdings, Inc. to the extent of the assets securing that indebtedness. In addition, the notes are effectively senior to all of NII Capital Corp.'s unsecured indebtedness. No subsidiaries of NIIT guarantee the notes. As a result, the notes are structurally subordinated to all existing and future liabilities and obligations of the subsidiaries of NIIT. The notes bear interest at a rate of 11.375% per year, which is payable semi-annually in arrears on February 15 and August 15, beginning on August 15, 2013, and will mature on August 15, 2019. | ||||||||
Prior to February 15, 2016, NIIT may redeem up to 35% of the notes at a redemption price equal to 111.375% of the principal amount, plus accrued and unpaid interest, using the proceeds of certain equity offerings by NII Holdings. NIIT may, however, only make such a redemption if, after the redemption, at least 65% of the aggregate principal amount of the notes issued remains outstanding. Prior to February 15, 2017, NIIT may redeem the notes, in whole or in part, at a redemption price equal to 100% of the principal amount plus a "make-whole" premium and accrued and unpaid interest. In addition, NIIT may redeem any of the notes, in whole or in part, at any time on or after February 15, 2017 at the redemption prices presented below (expressed as percentages of the principal amount), plus accrued and unpaid interest, if any, to the date of redemption: | ||||||||
Year | Redemption Price | |||||||
2017 | 105.69% | |||||||
2018 | 102.84% | |||||||
2019 | 100.00% | |||||||
Upon the occurrence of specified events involving a change of control, holders of the notes may require NIIT to purchase their notes at a purchase price equal to 101% of the principal amount of the notes, plus accrued and unpaid interest. | ||||||||
In addition, in accordance with the indenture governing the 11.375% notes, if we have not repaid or refinanced the $800.0 million outstanding of our existing 10.0% senior notes due 2016 on or prior to May 15, 2016, NIIT will be required to offer to repurchase all of the 11.375% notes at a price equal to 100% of the principal amount. | ||||||||
The indenture governing the notes restricts our ability to make upstream payments to NII Holdings, Inc., other than payments for interest on existing NII Capital Corp. notes and operating expenses of NII Holdings, Inc. The indenture governing the 11.375% notes also includes covenants that are substantially similar to the covenants contained in the indentures governing NIIT's 7.875% senior notes due 2019, including the related qualifications and exceptions. | ||||||||
In connection with the issuance of the 11.375% notes, we entered into a registration rights agreement with the initial purchasers of these notes. Under this agreement, we are required to prepare and file with the SEC an exchange offer registration statement enabling holders to exchange these notes for notes having identical terms that are freely tradable, cause the exchange offer registration statement to be declared effective as promptly as possible by the SEC, and consummate the exchange offer within 360 days of the date of issue of these notes. We expect to file this registration statement in the near future. If we default on our obligations under this agreement, additional interest, up to a maximum amount of 1.0% per annum, is payable on the 11.375% notes until such registration defaults are cured. We do not expect to incur any material amounts of additional interest. | ||||||||
Equipment Financing. | ||||||||
Brazil Equipment Financing. 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% (3.15% and 3.21% as of December 31, 2013 and 2012, 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. As of December 31, 2013, Nextel Brazil had borrowed $352.7 million and had $147.3 million remaining under this loan agreement. Assets purchased using the amounts borrowed under Nextel Brazil's equipment financing facilities are pledged as collateral. | ||||||||
Mexico Equipment Financing. 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% (3.05% and 3.11% as of December 31, 2013 and 2012, 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. As of December 31, 2013, Nextel Mexico had borrowed $300.8 million and had $74.2 million remaining under this loan agreement. Assets purchased using the amounts borrowed under Nextel Mexico's equipment financing facility are pledged as collateral. | ||||||||
Nextel Brazil and Nextel Mexico have financial covenants under these equipment financing facilities. During the third quarter of 2013, Nextel Brazil and Nextel Mexico entered into amendments to the existing equipment financing agreements to adjust certain financial covenants through June 30, 2015 in order to provide Nextel Brazil and Nextel Mexico greater operating flexibility, provide for a parent company guarantee from NII Holdings during this period, add a requirement that the net proceeds received from the sale of our transmitter and receiver sites described in Note 2 above remain in the respective markets and establish a minimum level of cash and cash equivalents to be held in each of these markets. As of December 31, 2013 and 2012, Nextel Brazil and Nextel Mexico were in compliance with all financial covenants under these facilities. | ||||||||
Chile Equipment Financing. In December 2010, Nextel Chile entered into a similar equipment financing agreement with the China Development Bank and HSBC Bank USA, under which Nextel Chile was entitled to borrow up to $150.0 million to finance equipment and certain other costs related to the deployment of its WCDMA network in Chile. This equipment financing had a floating interest rate based on LIBOR plus 2.50% (2.81% as of December 31, 2012). During the second quarter of 2013, we repaid the entire $150.0 million outstanding under Nextel Chile's equipment financing agreement. | ||||||||
Bank Loans. | ||||||||
Brazil 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 issued the equivalent of $351.8 million in obligations that were 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 issued the equivalent of $341.2 million in obligations that are required to be repaid quarterly over a seven-year period. Principal of the borrowings under the second transaction is payable beginning in March 2014. Borrowings under the second transaction accrue interest at a floating interest rate of 115% of the Brazilian local borrowing rate (11.39% and 7.94% as of December 31, 2013 and 2012, respectively). Because these financings are 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. Nextel Brazil has financial covenants under this local bank financing and was in compliance with all financial covenants under this facility as of December 31, 2013 and 2012. | ||||||||
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 (11.28% and 7.86% as of December 31, 2013 and 2012, 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. Nextel Brazil has financial covenants under this bank loan and was in compliance with all financial covenants under this loan as of December 31, 2013 and 2012. | ||||||||
Mexico Bank Loan. In December 2011, Nextel Mexico entered into a Mexican peso-denominated term loan facility providing for borrowings of up to an equivalent of $300.0 million with three Mexican banks. This loan agreement had a floating interest rate of TIIE, a floating interest rate set by the Mexican Central Bank, plus 2.00% (6.87% as of December 31, 2012). In the second quarter of 2013, we repaid all amounts outstanding under Nextel Mexico's term loan facility utilizing a portion of the proceeds from the issuance of our 7.875% senior notes. | ||||||||
Capital Leases and Tower Financing Obligations. | ||||||||
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, including a master lease agreement with American Tower, pursuant to which Nextel Brazil and Nextel Mexico are permitted to lease space and install communications equipment on sites owned by American Tower. Nextel Brazil and Nextel Mexico account for these arrangements as capital leases. | ||||||||
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, 2013, 2012 and 2011, we recognized $39.4 million, $56.8 million and $41.5 million, respectively, in other operating revenues related to these co-location lease arrangements. | ||||||||
Corporate Aircraft Lease. We entered into an agreement to lease a new corporate aircraft beginning in 2009 for ten years. We determined that in accordance with the authoritative guidance for lessee involvement in asset construction, we were the owner of this new corporate aircraft during its construction because we had substantially all of the construction period risks. As a result, we recorded an asset for construction-in-progress and a corresponding long-term liability for the new aircraft as construction occurred. In December 2009, upon taking delivery of the aircraft and commencement of the lease term, we began accounting for the aircraft lease as a capital lease. As a result, we recorded a capital lease liability and a corresponding capital lease asset of $42.7 million in December 2009. | ||||||||
Brazil Import Financing. Beginning in 2010, Nextel Brazil financed certain handset and infrastructure equipment purchased mainly from Motorola and Research in Motion, or RIM, which conducts business as BlackBerry, that was imported into Brazil through agreements with several Brazilian banks. Each tranche of these financings matured within a six to twelve-month period. In the second quarter of 2013, we repaid all amounts outstanding under Nextel Brazil's import financing arrangements utilizing a portion of the proceeds from the issuance of our 7.875% senior notes. As of December 31, 2012, our short-term financings, which consisted solely of Nextel Brazil's import financing arrangements, had a weighted average interest rate of 2.49%. | ||||||||
Debt Maturities. For the years subsequent to December 31, 2013, scheduled annual maturities of all debt outstanding as of December 31, 2013 are as follows (in thousands): | ||||||||
Year | Principal Repayments | |||||||
2014 | $ | 96,839 | ||||||
2015 | 201,962 | |||||||
2016 | 1,030,987 | |||||||
2017 | 237,887 | |||||||
2018 | 170,840 | |||||||
Thereafter | 4,065,673 | |||||||
Total | $ | 5,804,188 | ||||||
Fair_Value_Measurements
Fair Value Measurements | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
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, 2013 and 2012, available-for-sale securities include $418.6 million and $204.8 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. During the years ended December 31, 2013, 2012 and 2011, we did not have any material unrealized gains or losses associated with these investments. | ||||||||||||||||
As a result of favorable market conditions during the third quarter of 2013, we sold $150.0 million in 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 during 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 securities is based on the net asset value of the funds. The fair value of the certificates of deposit held at the corporate level is based on quoted market prices for the individual instruments. In our judgment, both of these types of securities trade with sufficient daily observable market activity to support a Level 1 classification within the fair value hierarchy. | ||||||||||||||||
Long-Term Debt Instruments. | ||||||||||||||||
The carrying amounts and estimated fair values of our long-term debt instruments at December 31, 2013 and 2012 are as follows: | ||||||||||||||||
December 31, | ||||||||||||||||
2013 | 2012 | |||||||||||||||
Carrying | Estimated | Carrying | Estimated | |||||||||||||
Amount | Fair Value | Amount | Fair Value | |||||||||||||
(in thousands) | ||||||||||||||||
NII Capital Corp. senior notes, net | $ | 2,729,321 | $ | 1,227,950 | $ | 2,725,303 | $ | 2,256,070 | ||||||||
NII International Telecom, S.C.A. senior notes, net | 1,609,962 | 1,271,370 | — | — | ||||||||||||
Bank loans and other | 448,169 | 373,796 | 1,230,319 | 1,194,875 | ||||||||||||
Equipment financing | 653,557 | 620,173 | 557,043 | 494,284 | ||||||||||||
$ | 5,441,009 | $ | 3,493,289 | $ | 4,512,665 | $ | 3,945,229 | |||||||||
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, 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. | ||||||||||||||||
During the first quarter of 2013, as a result of our assessment that our senior notes are valued based on quoted market prices in an active market, we transferred these senior notes to Level 1 in the fair value hierarchy. Prior to the first quarter of 2013, we concluded that there was insufficient trading activity to warrant a Level 1 classification of our senior notes and as a result, classified these senior notes as Level 2 in the fair value hierarchy. We also transferred our equipment financing facilities and bank loans from Level 3 to Level 2 on the fair value hierarchy during the first quarter of 2013 as the result of a reassessment of the underlying inputs. | ||||||||||||||||
Other Financial Instruments. | ||||||||||||||||
The carrying values of cash and cash equivalents, accounts receivable and accounts payable contained in our condensed 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. |
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
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. In addition, we have a capital lease obligation on our corporate aircraft. The remaining term of this lease agreement is six years. See Note 8 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, at our option, for additional terms. The remaining terms of our office leases range from less than one to ten years. During the years ended December 31, 2013, 2012 and 2011, total rent expense under operating leases was $333.9 million, $299.1 million and $265.4 million, respectively. | ||||||||||||
For years subsequent to December 31, 2013, 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 | Operating | Total | ||||||||||
Leases | Leases | |||||||||||
2014 | $ | 55,666 | $ | 294,307 | $ | 349,973 | ||||||
2015 | 55,630 | 283,370 | 339,000 | |||||||||
2016 | 55,149 | 267,095 | 322,244 | |||||||||
2017 | 54,496 | 251,125 | 305,621 | |||||||||
2018 | 53,264 | 227,074 | 280,338 | |||||||||
Thereafter | 321,618 | 429,900 | 751,518 | |||||||||
Total minimum lease payments | 595,823 | 1,752,871 | 2,348,694 | |||||||||
Less: imputed interest | (362,117 | ) | — | (362,117 | ) | |||||||
Total | $ | 233,706 | $ | 1,752,871 | $ | 1,986,577 | ||||||
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, 2013, we are committed to purchase $2.6 billion under these arrangements, $1.4 billion of which we expect to pay in 2014, $1.1 billion of which we expect to pay in 2015 and 2016 and the remaining $100.3 million of which we expect to pay in 2017. 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. We also purchase products and services as needed with no firm commitment. | ||||||||||||
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, 2013 and 2012. | ||||||||||||
As of December 31, 2013 and 2012, Nextel Brazil had accrued liabilities of $70.9 million and $73.0 million, respectively, related to contingencies, all of which were classified in accrued contingencies reported as a component of other long-term liabilities, of which $11.2 million and $20.7 million related to unasserted claims, respectively. 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 $456.8 million and $460.8 million as of December 31, 2013. 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. | ||||||||||||
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. | ||||||||||||
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. 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. 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 amount 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. |
Capital_Stock
Capital Stock | 12 Months Ended |
Dec. 31, 2013 | |
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, 2013, 2012 and 2011, we issued shares of common stock in connection with the exercise of stock options by employees and the vesting of employee restricted share awards. | |
As of December 31, 2013 and 2012, there were 172,104,720 shares and 171,653,078 shares of our common stock outstanding, respectively. | |
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, 2013, we had not issued any shares of undesignated preferred stock. | |
Common Stock Reserved for Issuance. Under our 2012 Incentive Compensation Plan, 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 are settled in cash. As of December 31, 2013, common stock reserved for future issuance does not include 3,341,132 restricted stock units that were issued in 2013 that, if settled in shares of common stock, would reduce the shares available under our 2012 Incentive Compensation Plan by 5,011,698 shares. We had 7,721,927 shares of our common stock reserved for future issuance as of December 31, 2012, assuming our restricted stock units outstanding as of December 31, 2012 were settled in cash. As of December 31, 2012, common stock reserved for future issuance did not include 1,540,328 restricted stock units that were issued in 2012 that, if settled in shares of common stock, would have reduced the shares available under our 2012 Incentive Compensation Plan by 2,310,492 shares. |
Income_Taxes
Income Taxes | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Income Taxes [Abstract] | ' | |||||||||||
Income Taxes | ' | |||||||||||
Income Taxes | ||||||||||||
The components of the income tax provision from continuing operations are as follows (in thousands): | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Current: | ||||||||||||
Federal | $ | — | $ | 727 | $ | — | ||||||
State, net of Federal tax benefit | — | — | — | |||||||||
Foreign | (63,982 | ) | (176,748 | ) | (363,900 | ) | ||||||
Total current income tax provision | (63,982 | ) | (176,021 | ) | (363,900 | ) | ||||||
Deferred: | ||||||||||||
Federal | (1,310 | ) | 895 | 7,906 | ||||||||
State, net of Federal tax benefit | (146 | ) | 100 | 880 | ||||||||
Foreign | (380,614 | ) | 16,882 | 3,908 | ||||||||
Total deferred income tax (provision) benefit | (382,070 | ) | 17,877 | 12,694 | ||||||||
Total income tax provision | $ | (446,052 | ) | $ | (158,144 | ) | $ | (351,206 | ) | |||
A reconciliation of the U.S. statutory Federal income tax rate to our effective tax rate as a percentage of income from continuing operations before income tax provision is as follows: | ||||||||||||
Year Ended | ||||||||||||
December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Statutory Federal tax rate | 35% | 35% | 35% | |||||||||
Effect of foreign operations | -5 | -19 | 1 | |||||||||
Change in deferred tax asset valuation allowance | -72 | -53 | 21 | |||||||||
Intercompany transactions | -2 | -1 | — | |||||||||
Tax on subpart F income | — | -2 | 2 | |||||||||
Withholding tax | -2 | -7 | 5 | |||||||||
Tax — deductible dividends | 3 | 7 | -5 | |||||||||
Inflation adjustments | 1 | 3 | -3 | |||||||||
Income tax credits | — | 1 | -1 | |||||||||
Loss on Mexican fixed asset dispositions | — | — | 2 | |||||||||
Local statutory investment loss | 5 | — | — | |||||||||
Other nondeductible expenses | -1 | -2 | 2 | |||||||||
Other | — | 2 | -2 | |||||||||
Effective tax rate | -38% | -36% | 57% | |||||||||
Significant components of our deferred tax assets and liabilities consist of the following: | ||||||||||||
December 31, | ||||||||||||
2013 | 2012 | |||||||||||
(in thousands) | ||||||||||||
Deferred tax assets: | ||||||||||||
Net operating losses and capital loss carryforwards | $ | 4,078,428 | $ | 506,553 | ||||||||
Allowance for doubtful accounts | 35,939 | 54,628 | ||||||||||
Accrued expenses | 153,229 | 160,287 | ||||||||||
Accrual for contingent liabilities | 22,117 | 22,525 | ||||||||||
Property, plant and equipment | 73,073 | 248,169 | ||||||||||
Capital lease obligations | 300,141 | 67,400 | ||||||||||
Deferred revenue | 35,179 | 34,234 | ||||||||||
Equity compensation | 71,139 | 81,238 | ||||||||||
Inventory reserve | 22,621 | 19,289 | ||||||||||
Other | 41,116 | 14,978 | ||||||||||
4,832,982 | 1,209,301 | |||||||||||
Valuation allowance | (4,533,910 | ) | (508,101 | ) | ||||||||
Total deferred tax asset | 299,072 | 701,200 | ||||||||||
Deferred tax liabilities: | ||||||||||||
Intangible assets | 48,162 | 51,418 | ||||||||||
Unremitted foreign earnings | 54,386 | 54,360 | ||||||||||
Deferred revenue | 44,126 | 49,758 | ||||||||||
Property, plant and equipment | 96,613 | 48,857 | ||||||||||
Other | 12,388 | 14,619 | ||||||||||
Total deferred tax liability | 255,675 | 219,012 | ||||||||||
Net deferred tax asset | $ | 43,397 | $ | 482,188 | ||||||||
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, 2013 and 2012, the cumulative amount of additional tax liability would have been approximately $41.4 million and $78.4 million, respectively. | ||||||||||||
We continued to assert our prior position regarding the repatriation of historical foreign earnings back to the U.S. During the first quarter of 2010, we determined that we will repatriate an additional amount of $200.0 million of 2010 undistributed earnings back to the U.S. in a taxable manner. This amount was in addition to the $26.3 million that remained to be repatriated in accordance with our 2007 decision to repatriate foreign earnings to the U.S., for a total of $226.3 million to be repatriated. As of December 31, 2012, we included a $54.4 million provision in deferred tax liability 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. This deferred tax liability decreased slightly in 2013 due to changes in foreign currency exchange rates to $54.2 million as of December 31, 2013. Except for the earnings associated with this provision 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, 2013, we had $1.1 billion of net operating loss carryforwards for U.S. Federal and state income tax purposes, which expires in various amounts beginning in 2019 through 2033. 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. | ||||||||||||
As of December 31, 2013, we had $8.4 million of capital loss carryforwards for U.S. Federal income tax purposes, which expires in 2014. We will only be able to utilize these capital losses to the extent we generate U.S. capital gains. As we do not believe we meet the more-likely-than-not criteria regarding the utilization of these capital losses prior to their expiration, we have established a full valuation allowance against these capital losses. | ||||||||||||
As of December 31, 2013, we had $313.6 million of net operating loss carryforwards in our Mexican subsidiaries. These carryforwards expire in various amounts and at various periods from 2014 to 2023. Nextel Chile had $790.9 million of net operating loss carryforwards that can be carried forward indefinitely. In addition, our Brazilian subsidiaries had $372.0 million of net operating loss carryforwards that can also 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, 2013, we had $10.7 billion of net operating loss carryforwards in our holding companies in Luxembourg that can be carried forward indefinitely. Our holding companies in Spain had $828.7 million of net operating loss carryforwards that can be carried forward 18 years, and our holding company in the Netherlands had $0.2 million of net operating loss carryforwards that can be carried forward nine years. These net operating loss carryforwards significantly increased from 2012 due to the writedown of the underlying investments under local statutory rules. Given the nature of activities that are considered taxable in these jusridictions 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. | ||||||||||||
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 rather than a reduction to the income tax expense. We recognize the benefits of net operating loss carryforwards in the following order: (1) net operating losses from items other than excess stock option deductions; (2) net operating losses from excess stock option deductions accounted for under the FASB's updated authoritative guidance on share-based payments; and (3) from excess stock option deductions accounted for under the FASB's updated authoritative guidance on share-based payments. We use a “with-and-without” method to determine the tax benefit realized from excess stock option deductions under the FASB's updated authoritative guidance on share-based payments. We calculated our adoption date pool of excess tax benefits previously included in paid-in capital under the standard method outlined in FASB's updated authoritative guidance on share-based payments. | ||||||||||||
During 2013, the deferred tax asset valuation allowance increased by a net amount of $4.0 billion. Our prior position of recording a full valuation allowance with respect to the net deferred tax assets of Nextel Chile and the U.S. continued in 2013, and we recorded a $151.3 million valuation allowance for these entities. Our prior position of recording a full valuation allowance with respect to the net deferred tax assets of our Luxembourg, Spain and Netherlands holding companies also continued in 2013, and we recorded a $3.3 billion valuation allowance for these entities. Due to the nature of these entities as holding companies and their tax status under local holding company rules, these net operating loss carryforwards will never be utilized by our holding companies and add no value to the company. | ||||||||||||
During the fourth quarter of 2013, we changed our prior position regarding the need for a valuation allowance with respect to one of our Brazil subsidiaries and two of our Mexico subsidiaries, and recorded full valuation allowances against the $382.9 million and $50.5 million net deferred tax assets of these Brazilian and Mexican subsidiaries, respectively. This valuation allowance is in addition to the $139.3 million valuation allowance recorded with respect to another one of our Mexican subsidiaries due to the change in our valuation allowance position for that subsidiary in the second quarter of 2013. | ||||||||||||
In accordance with the FASB's authoritative guidance on accounting for income taxes, we evaluated all available evidence, both positive and negative, in reaching this conclusion. In evaluating the need for a valuation allowance in Brazil and Mexico, we considered the following positive and negative evidence: (1) the recent history of cumulative U.S. GAAP pre-tax operating losses, (2) the trend of declining recent U.S. GAAP pre-tax profits or generation of pre-tax losses on a standalone annual basis, (3) the absence of tax planning strategies that would allow for the utilization of these deferred tax assets, and (4) the companies are expected to generate pre-tax U.S. GAAP losses in the near future. | ||||||||||||
The following table shows the deferred tax asset valuation allowances that our subsidiaries and holding companies had as of December 31, 2013 and 2012: | ||||||||||||
2013 | 2012 | |||||||||||
(in millions) | ||||||||||||
Brazil | $ | 419.1 | $ | 36.2 | ||||||||
Chile | 198 | 177.4 | ||||||||||
U.S. | 363.8 | 233.2 | ||||||||||
Peru | — | 31.3 | ||||||||||
Luxembourg | 3,131.40 | 26.8 | ||||||||||
Mexico | 190.7 | 0.8 | ||||||||||
Spain | 230.9 | 2.4 | ||||||||||
Total | $ | 4,533.90 | $ | 508.1 | ||||||||
Of the $4.5 billion valuation allowance in existence as of December 31, 2013, $287.8 million was classified as current and $4.2 billion was classified as non-current in our consolidated financial statements. | ||||||||||||
Realization of any additional deferred tax assets in any of our markets depends on future profitability in these markets. Our ability to generate the expected amounts of taxable income from future operations is dependent upon general economic conditions, technology trends, political uncertainties, competitive pressures and other factors beyond management's control. If our operations demonstrate profitability, we may reverse deferred tax asset valuation allowances by jurisdiction in the future. While we will continue to evaluate the deferred tax asset valuation allowance balances in all of our foreign and U.S. companies throughout 2014 to determine the appropriate level of valuation allowance, at this time, we do not believe it is reasonably possible that we will release any portion of the valuation allowance in the following 12 months. | ||||||||||||
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: Chile - 1993; U.S. - 1999; Argentina and Mexico - 2006; Brazil - 2007; and 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. | ||||||||||||
The following table shows a reconciliation of our unrecognized tax benefits according to the FASB’s authoritative guidance on accounting for uncertainty in income taxes, as of December 31, 2013, 2012 and 2011 (in thousands): | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Unrecognized tax benefits at January 1 | $ | 35,639 | $ | 35,572 | $ | 102,880 | ||||||
Additions for current year tax positions | — | 3,118 | 2,896 | |||||||||
Additions for prior year tax positions | — | — | — | |||||||||
Reductions for current year tax positions | — | (551 | ) | — | ||||||||
Reductions for prior year tax positions | (26,519 | ) | (2,197 | ) | (60,501 | ) | ||||||
Lapse of statute of limitations | — | — | (1,392 | ) | ||||||||
Settlements with taxing authorities | — | — | — | |||||||||
Foreign currency translation adjustment | (434 | ) | (303 | ) | (8,311 | ) | ||||||
Unrecognized tax benefits at December 31 | $ | 8,686 | $ | 35,639 | $ | 35,572 | ||||||
The unrecognized tax benefits that could potentially reduce our future effective tax rate, if recognized, were $2.1 million as of December 31, 2013, $4.8 million as of December 31, 2011 and $5.7 million as of December 31, 2011. We record interest and penalties associated with uncertain tax positions as a component of our income tax provision. During the years ended December 31, 2013, 2012 and 2011, we recognized $0.2 million, $0.3 million and $0.3 million, respectively, of interest and penalties in our current income tax provision and statement of financial position. Unrecognized tax benefits (including penalties and interest) were released in the amount of $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, 2013, we had accrued $2.3 million for the payment of interest and penalties, $2.4 million as of December 31, 2012 and $2.3 million as of December 31, 2011. We classify our uncertain tax positions as non-current income tax liabilities. | ||||||||||||
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 covering deductions and gains from the sale of property. We filed the amended returns in order to avoid potential penalties, and we also filed administrative petitions seeking clarification of our right to the tax benefits claimed on the original income tax returns. The tax authorities constructively denied our administrative petitions in January 2005, and in May 2005 we filed an annulment suit challenging the constructive denial. In March 2011, we were officially notified that the courts denied our petition based on the economic substance of our interpretation. Therefore, during the first quarter of 2011, we reversed the income tax receivable previously recorded on the financial statements and recorded a $14.5 million increase in income tax expense with respect to this item. | ||||||||||||
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. | ||||||||||||
On September 5, 2012, the Chilean government enacted legislation increasing the corporate income tax rate from 18.5% to 20%. This increased rate applies to income derived and accrued in 2012 and thereafter. | ||||||||||||
(Loss) income from continuing operations before income taxes consisted of the following (in thousands): | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
U.S. | $ | (378,942 | ) | $ | (313,716 | ) | $ | (284,164 | ) | |||
Non-U.S. | (784,423 | ) | (125,619 | ) | 898,064 | |||||||
Total | $ | (1,163,365 | ) | $ | (439,335 | ) | $ | 613,900 | ||||
Employee_Stock_and_Benefit_Pla
Employee Stock and Benefit Plans | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
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, 2013, our Board of Directors granted 1,375,969 stock options, 358,555 restricted stock awards and 2,645,779 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. | ||||||||||||||
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. We adjusted our compensation expense to reflect actual forfeitures for the years ended December 31, 2013, 2012 and 2011. | ||||||||||||||
For the years ended December 31, 2013, 2012 and 2011, we recognized $9.0 million, $20.3 million and $40.0 million, respectively, in share-based compensation expense related to stock options. For the years ended December 31, 2013, 2012 and 2011, we recognized $20.0 million, $22.2 million and $14.6 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 2013, 2012 and 2011 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, 2013, there was approximately $10.8 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 1.47 years. Cash (paid) received from exercise under all share-based payment arrangements was $(1.0) million for 2013, $(2.0) million for 2012 and $25.0 million for 2011. | ||||||||||||||
Stock Option Awards | ||||||||||||||
The following table summarizes stock option activity for the year ended December 31, 2013: | ||||||||||||||
Number of | Weighted Average | Weighted Average | Aggregate Intrinsic | |||||||||||
Options | Exercise Price | Remaining Life | Value | |||||||||||
per Option | ||||||||||||||
Outstanding, December 31, 2012 | 13,961,759 | $ | 39.21 | |||||||||||
Granted | 1,475,969 | 8.28 | ||||||||||||
Exercised | — | — | ||||||||||||
Forfeited | (4,177,860 | ) | 36.44 | |||||||||||
Outstanding, December 31, 2013 | 11,259,868 | 36.2 | 5.23 | $ | 67,800 | |||||||||
Exercisable, December 31, 2013 | 8,706,525 | 43.23 | 4.14 | — | ||||||||||
Total intrinsic value of options exercised for the years ended December 31, 2012 and 2011 was $0.2 million and $25.6 million, respectively. There were no options exercised during the year ended December 31, 2013. The total fair value of vested options was $39.1 million, $54.3 million and $61.9 million for the years ended December 31, 2013, 2012 and 2011, 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. | ||||||||||||||
The weighted average fair value of the stock option awards on their grant dates using the Black-Scholes-Merton option-pricing model was $4.64 for each option granted during the year ended December 31, 2013, $7.31 for each option granted during the year ended December 31, 2012 and $17.62 for each option granted during the year ended December 31, 2011 based on the following assumptions: | ||||||||||||||
2013 | 2012 | 2011 | ||||||||||||
Risk free interest rate | 0.63% - 1.49% | 0.62% - 0.95% | 1.82% - 2.05% | |||||||||||
Expected stock price volatility | 56.56% - 69.53% | 50.00% - 56.56% | 49.85% - 50.00% | |||||||||||
Expected term in years | 4.78 - 4.81 | 4.65 - 4.78 | 4.65 - 4.76 | |||||||||||
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 | Weighted Average | |||||||||||||
Shares | Grant Date | |||||||||||||
Fair Value | ||||||||||||||
Per Share | ||||||||||||||
Restricted stock awards as of December 31, 2012 | 2,971,757 | $21.95 | ||||||||||||
Granted | 3,024,472 | 8.69 | ||||||||||||
Vested | (1,051,863 | ) | 24.15 | |||||||||||
Forfeited | (1,024,881 | ) | 16.44 | |||||||||||
Restricted stock awards as of December 31, 2013 | 3,919,485 | 12.99 | ||||||||||||
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, 2013, there was approximately $29.6 million in unrecognized compensation cost related to restricted stock. We expect this cost to be recognized over a weighted average period of 1.46 years. The total fair value of restricted stock awards vested was $7.7 million during 2013 and $11.1 million during 2012. The weighted average grant date fair value of restricted stock awards granted during 2013 was $8.69 per unit compared to $16.97 per unit for 2012 and $40.28 per unit for 2011. |
Segment_Information
Segment Information | 12 Months Ended | |||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||||||||||||
Segment Information | ' | |||||||||||||||||||||||
Segment Information | ||||||||||||||||||||||||
We have determined that our reportable segments are those that are 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, (3) Argentina, and (4) Chile. We have recast our segment information for the years ended December 31, 2012 and 2011 to present Nextel Chile as a reportable segment. | ||||||||||||||||||||||||
Brazil | Mexico | Argentina | Chile | Corporate and Eliminations | Consolidated | |||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Year Ended December 31, 2013 | ||||||||||||||||||||||||
Operating revenues | $ | 2,208,034 | $ | 1,872,697 | $ | 636,448 | $ | 72,677 | $ | (17,292 | ) | $ | 4,772,564 | |||||||||||
Segment earnings (losses) | $ | 311,129 | $ | 179,896 | $ | 179,418 | $ | (134,057 | ) | $ | (177,850 | ) | $ | 358,536 | ||||||||||
Less: | ||||||||||||||||||||||||
Impairment and restructuring charges | (171,047 | ) | ||||||||||||||||||||||
Depreciation and amortization | (698,347 | ) | ||||||||||||||||||||||
Foreign currency transaction losses, net | (143,745 | ) | ||||||||||||||||||||||
Interest expense and other, net | (508,762 | ) | ||||||||||||||||||||||
Loss before income tax provision | $ | (1,163,365 | ) | |||||||||||||||||||||
Capital expenditures | $ | 461,458 | $ | 375,522 | $ | 21,183 | $ | 10,854 | $ | 13,931 | $ | 882,948 | ||||||||||||
Year Ended December 31, 2012 | ||||||||||||||||||||||||
Operating revenues | $ | 2,902,350 | $ | 2,109,573 | $ | 685,201 | $ | 49,886 | $ | (3,888 | ) | $ | 5,743,122 | |||||||||||
Segment earnings (losses) | $ | 674,632 | $ | 561,059 | $ | 180,956 | $ | (173,229 | ) | $ | (289,485 | ) | $ | 953,933 | ||||||||||
Less: | ||||||||||||||||||||||||
Impairment and restructuring | (329,767 | ) | ||||||||||||||||||||||
Depreciation and amortization | (649,545 | ) | ||||||||||||||||||||||
Foreign currency transaction losses, net | (53,957 | ) | ||||||||||||||||||||||
Interest expense and other, net | (359,999 | ) | ||||||||||||||||||||||
Loss before income tax provision | $ | (439,335 | ) | |||||||||||||||||||||
Capital expenditures | $ | 632,796 | $ | 523,555 | $ | 56,825 | $ | 115,421 | $ | 92,520 | $ | 1,421,117 | ||||||||||||
Year Ended December 31, 2011 | ||||||||||||||||||||||||
Operating revenues | $ | 3,456,758 | $ | 2,249,447 | $ | 648,926 | $ | 27,103 | $ | (1,417 | ) | $ | 6,380,817 | |||||||||||
Segment earnings (losses) | $ | 1,047,297 | $ | 747,247 | $ | 168,790 | $ | (74,613 | ) | $ | (333,971 | ) | $ | 1,554,750 | ||||||||||
Less: | ||||||||||||||||||||||||
Depreciation and amortization | (588,164 | ) | ||||||||||||||||||||||
Foreign currency transaction losses, net | (37,297 | ) | ||||||||||||||||||||||
Interest expense and other, net | (315,389 | ) | ||||||||||||||||||||||
Income before income tax provision | $ | 613,900 | ||||||||||||||||||||||
Capital expenditures | $ | 656,498 | $ | 387,345 | $ | 86,363 | $ | 115,479 | $ | 99,020 | $ | 1,344,705 | ||||||||||||
31-Dec-13 | ||||||||||||||||||||||||
Identifiable assets | $ | 3,705,642 | $ | 2,695,091 | $ | 451,041 | $ | 169,062 | $ | 1,659,118 | $ | 8,679,954 | ||||||||||||
31-Dec-12 | ||||||||||||||||||||||||
Identifiable assets | $ | 4,191,668 | $ | 2,458,361 | $ | 484,343 | $ | 199,365 | $ | 1,889,341 | $ | 9,223,078 | ||||||||||||
Quarterly_Financial_Data_Unaud
Quarterly Financial Data (Unaudited) | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | |||||||||||||||
Quarterly Financial Data | ' | |||||||||||||||
Quarterly Financial Data (Unaudited) | ||||||||||||||||
First | Second | Third | Fourth | |||||||||||||
(in thousands, except per share amounts) | ||||||||||||||||
2013 | ||||||||||||||||
Operating revenues | $ | 1,330,839 | $ | 1,259,560 | $ | 1,101,265 | $ | 1,080,900 | ||||||||
Operating loss | (79,516 | ) | (82,005 | ) | (162,757 | ) | (186,580 | ) | ||||||||
Net loss from continuing operations | (185,820 | ) | (384,856 | ) | (293,131 | ) | (745,610 | ) | ||||||||
Net loss from discontinued operations | (21,684 | ) | (11,495 | ) | (6,810 | ) | (193 | ) | ||||||||
Net loss from continuing operations, per common share, basic and diluted | $ | (1.08 | ) | $ | (2.23 | ) | $ | (1.70 | ) | $ | (4.33 | ) | ||||
Net loss from discontinued operations, per common share, basic and diluted | $ | (0.13 | ) | $ | (0.07 | ) | $ | (0.04 | ) | $ | — | |||||
First | Second | Third | Fourth | |||||||||||||
(in thousands, except per share amounts) | ||||||||||||||||
2012 | ||||||||||||||||
Operating revenues | $ | 1,544,359 | $ | 1,409,424 | $ | 1,407,367 | $ | 1,381,972 | ||||||||
Operating income (loss) | 196,786 | 63,719 | 60,254 | (346,138 | ) | |||||||||||
Net income (loss) from continuing operations | 25,851 | (85,266 | ) | (61,678 | ) | (476,386 | ) | |||||||||
Net loss from discontinued operations | (12,262 | ) | (18,245 | ) | (20,740 | ) | (116,523 | ) | ||||||||
Net income (loss) from continuing operations, per common share, basic and diluted | $ | 0.15 | $ | (0.50 | ) | $ | (0.36 | ) | $ | (2.77 | ) | |||||
Net loss from discontinued operations, per common share, basic and diluted | $ | (0.07 | ) | $ | (0.10 | ) | $ | (0.12 | ) | $ | (0.68 | ) | ||||
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 2013, we completed the sale of all of the outstanding equity interests of our wholly-owned subsidiary, Nextel Peru, to Entel. As a result of the sale of Nextel Peru, the quarterly amounts included above differ from the amounts originally included in our quarterly report on 10-Q for the three months ended March 31, 2013. See Note 4 for more information. | ||||||||||||||||
In the first quarter of 2013, we recorded $124.6 million in impairment and restructuring charges, the majority of which related to the discontinuation of software to support our customer relationship management systems and the restructuring of our outsourcing agreements with NSN. See Note 3 for more information. | ||||||||||||||||
In December 2012, we determined that the carrying value of the asset group within our Nextel Chile operating segment was not recoverable and recorded a non-cash asset impairment charge of $298.8 million to reduce the carrying amount of the asset group to its fair value. See Note 3 for more information. |
Condensed_Consolidating_Financ
Condensed Consolidating Financial Statements | 12 Months Ended | |||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||
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, 2013 and 2012, as well as condensed consolidating statements of comprehensive (loss) income for the years ended December 31, 2013, 2012 and 2011 and condensed consolidating statements of cash flows for the years ended December 31, 2013, 2012 and 2011, 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. | ||||||||||||||||||||||||
In connection with the preparation of this annual report on Form 10-K, we made certain immaterial adjustments to our condensed consolidating statements of cash flows for the years ended December 31, 2012 and 2011to reflect the proper classification of cash flows related to intercompany transactions in which the parent company made direct payments on behalf of certain guarantor subsidiaries. We will also make similar adjustments to our condensed consolidating statements of cash flows for comparative periods presented in future filings. This condensed consolidating financial information is provided in connection with outstanding senior notes that are fully and unconditionally guaranteed by a group of our subsidiaries. These adjustments did not affect the assets available to the group of subsidiaries guaranteeing our senior notes; did not change the net (decrease) increase in cash and cash equivalents for the parent company, the issuer, the guarantor subsidiaries or the non-guarantor subsidiaries; and had no impact on consolidated amounts. The substantial majority of these adjustments had the effect of a) decreasing the parent company's net cash outflows from operating activities and increasing the parent company's net cash outflows from investing activities for the years ended December 31, 2012 and 2011by $171.8 million and $225.3 million, respectively, and b) increasing the guarantors' net cash outflows from operating activities for the same periods by $167.0 million and $226.6 million, respectively, increasing the guarantors' net cash outflows from investing activities by $76.9 million and $122.1 million, respectively, and increasing the guarantors' net cash inflows from financing activities by $243.9 million and $348.7 million, respectively. | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING BALANCE SHEET | ||||||||||||||||||||||||
As of December 31, 2013 | ||||||||||||||||||||||||
NII Holdings, | NII Capital | Guarantor | Non- | Consolidating | Consolidated | |||||||||||||||||||
Inc. (Parent and Guarantor) | Corp. (Issuer)(1) | Subsidiaries(2) | Guarantor | Adjustments | ||||||||||||||||||||
Subsidiaries | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||
Current assets | ||||||||||||||||||||||||
Cash and cash equivalents | $ | 356,314 | $ | — | $ | 5,586 | $ | 1,371,883 | $ | — | $ | 1,733,783 | ||||||||||||
Short-term investments | — | — | — | 585,760 | — | 585,760 | ||||||||||||||||||
Accounts receivable, net | — | — | 627 | 521,936 | — | 522,563 | ||||||||||||||||||
Short-term intercompany receivables | 31,803 | 129,810 | 72,595 | 4,779 | (238,987 | ) | — | |||||||||||||||||
Handset and accessory inventory | — | — | — | 342,585 | — | 342,585 | ||||||||||||||||||
Deferred income taxes, net | — | — | 1,145 | 126,250 | — | 127,395 | ||||||||||||||||||
Prepaid expenses and other | 6,832 | — | 7,914 | 421,354 | — | 436,100 | ||||||||||||||||||
Total current assets | 394,949 | 129,810 | 87,867 | 3,374,547 | (238,987 | ) | 3,748,186 | |||||||||||||||||
Property, plant and equipment, | — | — | 130,729 | 3,257,618 | (287 | ) | 3,388,060 | |||||||||||||||||
net | ||||||||||||||||||||||||
Investments in and advances to | 1,867,753 | 1,503,202 | 1,562,080 | — | (4,933,035 | ) | — | |||||||||||||||||
affiliates | ||||||||||||||||||||||||
Intangible assets, net | 18,000 | — | — | 975,669 | — | 993,669 | ||||||||||||||||||
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 | 446,006 | — | 523,326 | ||||||||||||||||||
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 | $ | 368,329 | $ | — | $ | 369,056 | ||||||||||||
Short-term intercompany payables | 464,798 | 132,007 | 1,485,835 | 159,322 | (2,241,962 | ) | — | |||||||||||||||||
Accrued expenses and other | — | 59,490 | 26,089 | 887,177 | (222 | ) | 972,534 | |||||||||||||||||
Deferred revenues | — | — | — | 128,148 | — | 128,148 | ||||||||||||||||||
Current portion of long-term debt | — | — | 1,871 | 94,968 | — | 96,839 | ||||||||||||||||||
Deposits related to 2013 sale of towers | — | — | — | 720,013 | — | 720,013 | ||||||||||||||||||
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 revenues | — | — | — | 11,238 | — | 11,238 | ||||||||||||||||||
Deferred 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 | 180,539 | — | 221,116 | ||||||||||||||||||
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 | $ | 3,800,766 | $ | 5,380,328 | $ | 2,497,739 | $ | 8,081,910 | $ | (11,080,789 | ) | $ | 8,679,954 | |||||||||||
stockholders’ equity | ||||||||||||||||||||||||
_______________________________________ | ||||||||||||||||||||||||
-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, 2012 | ||||||||||||||||||||||||
NII Holdings, | NII Capital | Guarantor | Non- | Consolidating | Consolidated | |||||||||||||||||||
Inc. (Parent and Guarantor) | Corp. (Issuer) | Subsidiaries | Guarantor | Adjustments | ||||||||||||||||||||
Subsidiaries | ||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||
Current assets | ||||||||||||||||||||||||
Cash and cash equivalents | $ | 735,022 | $ | — | $ | 6,469 | $ | 629,682 | $ | — | $ | 1,371,173 | ||||||||||||
Short-term investments | — | — | — | 204,834 | — | 204,834 | ||||||||||||||||||
Accounts receivable, net | — | — | 1,820 | 672,639 | — | 674,459 | ||||||||||||||||||
Short-term intercompany receivables | 19,716 | 79,899 | 39,126 | 6,564 | (145,305 | ) | — | |||||||||||||||||
Handset and accessory inventory | — | — | — | 323,329 | — | 323,329 | ||||||||||||||||||
Deferred income taxes, net | — | — | 4,947 | 174,539 | (3,733 | ) | 175,753 | |||||||||||||||||
Prepaid expenses and other | 6,617 | — | 10,001 | 471,473 | — | 488,091 | ||||||||||||||||||
Assets held for sale | — | — | — | 97,393 | — | 97,393 | ||||||||||||||||||
Total current assets | 761,355 | 79,899 | 62,363 | 2,580,453 | (149,038 | ) | 3,335,032 | |||||||||||||||||
Property, plant and equipment, | — | — | 223,888 | 3,307,670 | (287 | ) | 3,531,271 | |||||||||||||||||
net | ||||||||||||||||||||||||
Investments in and advances to | 2,717,391 | 2,291,545 | 2,388,414 | — | (7,397,350 | ) | — | |||||||||||||||||
affiliates | ||||||||||||||||||||||||
Intangible assets, net | 18,000 | — | — | 1,107,382 | — | 1,125,382 | ||||||||||||||||||
Deferred income taxes, net | 13,683 | — | — | 367,181 | (13,683 | ) | 367,181 | |||||||||||||||||
Long-term intercompany | 2,377,065 | 3,762,924 | 735,842 | 166,075 | (7,041,906 | ) | — | |||||||||||||||||
receivables | ||||||||||||||||||||||||
Other assets | 16,280 | 38,942 | 22,356 | 386,334 | — | 463,912 | ||||||||||||||||||
Assets held for sale | — | — | — | 400,300 | — | 400,300 | ||||||||||||||||||
Total assets | $ | 5,903,774 | $ | 6,173,310 | $ | 3,432,863 | $ | 8,315,395 | $ | (14,602,264 | ) | $ | 9,223,078 | |||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||||||||||||||||||
Current liabilities | ||||||||||||||||||||||||
Accounts payable | $ | — | $ | — | $ | 5,927 | $ | 418,250 | $ | — | $ | 424,177 | ||||||||||||
Short-term intercompany payables | 597,678 | 132,136 | 1,555,745 | 488,730 | (2,774,289 | ) | — | |||||||||||||||||
Accrued expenses and other | 3,734 | 59,490 | 28,760 | 881,416 | (3,607 | ) | 969,793 | |||||||||||||||||
Deferred revenues | — | — | 22 | 144,083 | — | 144,105 | ||||||||||||||||||
Current portion of long-term debt | — | — | 12,851 | 81,188 | — | 94,039 | ||||||||||||||||||
Liabilities held for sale | — | — | — | 127,911 | — | 127,911 | ||||||||||||||||||
Total current liabilities | 601,412 | 191,626 | 1,603,305 | 2,141,578 | (2,777,896 | ) | 1,760,025 | |||||||||||||||||
Long-term debt | 23 | 2,725,303 | 39,493 | 2,000,686 | — | 4,765,505 | ||||||||||||||||||
Deferred revenues | — | — | — | 14,007 | — | 14,007 | ||||||||||||||||||
Deferred tax liabilities | — | 2,950 | 11,945 | 56,977 | (13,683 | ) | 58,189 | |||||||||||||||||
Long-term intercompany | 2,953,495 | — | 8,778 | 1,452,125 | (4,414,398 | ) | — | |||||||||||||||||
payables | ||||||||||||||||||||||||
Other long-term liabilities | 32,395 | — | 14,900 | 248,873 | — | 296,168 | ||||||||||||||||||
Liabilities held for sale | — | — | — | 12,735 | — | 12,735 | ||||||||||||||||||
Total liabilities | 3,587,325 | 2,919,879 | 1,678,421 | 5,926,981 | (7,205,977 | ) | 6,906,629 | |||||||||||||||||
Total stockholders’ equity | 2,316,449 | 3,253,431 | 1,754,442 | 2,388,414 | (7,396,287 | ) | 2,316,449 | |||||||||||||||||
Total liabilities and stockholders’ equity | $ | 5,903,774 | $ | 6,173,310 | $ | 3,432,863 | $ | 8,315,395 | $ | (14,602,264 | ) | $ | 9,223,078 | |||||||||||
For the Year Ended December 31, 2013 | ||||||||||||||||||||||||
NII Holdings, | NII Capital | Guarantor | Non- | Consolidating | Consolidated | |||||||||||||||||||
Inc. (Parent and Guarantor) | Corp. (Issuer) | Subsidiaries | Guarantor | Adjustments | ||||||||||||||||||||
Subsidiaries | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Operating revenues | $ | — | $ | — | $ | 3,114 | $ | 4,772,522 | $ | (3,072 | ) | $ | 4,772,564 | |||||||||||
Operating expenses | ||||||||||||||||||||||||
Cost of revenues (exclusive of | — | — | — | 2,383,955 | — | 2,383,955 | ||||||||||||||||||
depreciation and amortization | ||||||||||||||||||||||||
included below) | ||||||||||||||||||||||||
Selling, general and administrative | 3,136 | — | 167,180 | 1,751,400 | (8,262 | ) | 1,913,454 | |||||||||||||||||
Provision for doubtful accounts | — | — | — | 116,619 | — | 116,619 | ||||||||||||||||||
Impairment and restructuring | — | — | 97,063 | 73,984 | — | 171,047 | ||||||||||||||||||
charges | ||||||||||||||||||||||||
Management fee and other | — | — | (75,116 | ) | 106,264 | (31,148 | ) | — | ||||||||||||||||
Depreciation and amortization | — | — | 28,055 | 670,292 | — | 698,347 | ||||||||||||||||||
3,136 | — | 217,182 | 5,102,514 | (39,410 | ) | 5,283,422 | ||||||||||||||||||
Operating loss | (3,136 | ) | — | (214,068 | ) | (329,992 | ) | 36,338 | (510,858 | ) | ||||||||||||||
Other income (expense) | ||||||||||||||||||||||||
Interest expense, net | (562 | ) | (240,132 | ) | (1,379 | ) | (297,086 | ) | — | (539,159 | ) | |||||||||||||
Intercompany interest expense | (234,799 | ) | — | (59 | ) | (51,740 | ) | 286,598 | — | |||||||||||||||
Interest income | 913 | — | 9 | 42,457 | — | 43,379 | ||||||||||||||||||
Intercompany interest income | 1,340 | 284,709 | 549 | — | (286,598 | ) | — | |||||||||||||||||
Foreign currency transaction | — | — | — | (143,745 | ) | — | (143,745 | ) | ||||||||||||||||
losses, net | ||||||||||||||||||||||||
Equity in loss of affiliates | (1,473,856 | ) | (1,274,274 | ) | (1,269,438 | ) | — | 4,017,568 | — | |||||||||||||||
Other income (expense), net | 36,017 | — | 612 | (13,273 | ) | (36,338 | ) | (12,982 | ) | |||||||||||||||
(1,670,947 | ) | (1,229,697 | ) | (1,269,706 | ) | (463,387 | ) | 3,981,230 | (652,507 | ) | ||||||||||||||
Loss from continuing operations before income tax benefit (provision) | (1,674,083 | ) | (1,229,697 | ) | (1,483,774 | ) | (793,379 | ) | 4,017,568 | (1,163,365 | ) | |||||||||||||
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 | ) | (1,229,256 | ) | 4,017,568 | (1,609,417 | ) | |||||||||||||
Loss from discontinued operations, net of income taxes | — | — | — | (40,182 | ) | — | (40,182 | ) | ||||||||||||||||
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, | NII Capital | Guarantor | Non- | Consolidating | Consolidated | |||||||||||||||||||
Inc. (Parent and Guarantor) | Corp. (Issuer) | Subsidiaries | Guarantor | Adjustments | ||||||||||||||||||||
Subsidiaries | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Operating revenues | $ | — | $ | — | $ | 3,071 | $ | 5,744,605 | $ | (4,554 | ) | $ | 5,743,122 | |||||||||||
Operating expenses | ||||||||||||||||||||||||
Cost of revenues (exclusive of | — | — | 73 | 2,405,596 | (1,483 | ) | 2,404,186 | |||||||||||||||||
depreciation and amortization | ||||||||||||||||||||||||
included below) | ||||||||||||||||||||||||
Selling, general and administrative | 3,180 | 2 | 309,680 | 1,867,799 | (12,973 | ) | 2,167,688 | |||||||||||||||||
Provision for doubtful accounts | — | — | — | 217,315 | — | 217,315 | ||||||||||||||||||
Impairments and restructuring | — | — | — | 329,767 | — | 329,767 | ||||||||||||||||||
charges | ||||||||||||||||||||||||
Management fee and other | — | — | (126,971 | ) | 225,202 | (98,231 | ) | — | ||||||||||||||||
Depreciation and amortization | — | — | 36,079 | 613,466 | — | 649,545 | ||||||||||||||||||
3,180 | 2 | 218,861 | 5,659,145 | (112,687 | ) | 5,768,501 | ||||||||||||||||||
Operating (loss) income | (3,180 | ) | (2 | ) | (215,790 | ) | 85,460 | 108,133 | (25,379 | ) | ||||||||||||||
Other income (expense) | ||||||||||||||||||||||||
Interest expense, net | (23,646 | ) | (229,652 | ) | (2,072 | ) | (110,151 | ) | — | (365,521 | ) | |||||||||||||
Intercompany interest expense | (215,501 | ) | — | — | (84,203 | ) | 299,704 | — | ||||||||||||||||
Interest income | 15,292 | 24,181 | 801 | (6,412 | ) | — | 33,862 | |||||||||||||||||
Intercompany interest income | 1 | 261,352 | 186 | 38,165 | (299,704 | ) | — | |||||||||||||||||
Foreign currency transaction | — | — | — | (53,957 | ) | — | (53,957 | ) | ||||||||||||||||
losses, net | ||||||||||||||||||||||||
Equity in loss of affiliates | (639,902 | ) | (443,294 | ) | (434,443 | ) | — | 1,517,639 | — | |||||||||||||||
Other income (expense), net | 86,324 | — | 101 | (6,632 | ) | (108,133 | ) | (28,340 | ) | |||||||||||||||
(777,432 | ) | (387,413 | ) | (435,427 | ) | (223,190 | ) | 1,409,506 | (413,956 | ) | ||||||||||||||
Loss from continuing operations before income tax benefit (provision) | (780,612 | ) | (387,415 | ) | (651,217 | ) | (137,730 | ) | 1,517,639 | (439,335 | ) | |||||||||||||
Income tax benefit (provision) | 15,363 | (19,731 | ) | (24,833 | ) | (128,943 | ) | — | (158,144 | ) | ||||||||||||||
Net loss from continuing operations | (765,249 | ) | (407,146 | ) | (676,050 | ) | (266,673 | ) | 1,517,639 | (597,479 | ) | |||||||||||||
Loss from discontinued operations, net of income taxes | — | — | — | (167,770 | ) | — | (167,770 | ) | ||||||||||||||||
Net loss | $ | (765,249 | ) | $ | (407,146 | ) | $ | (676,050 | ) | $ | (434,443 | ) | $ | 1,517,639 | $ | (765,249 | ) | |||||||
Comprehensive loss, net of income taxes | ||||||||||||||||||||||||
Foreign currency translation | $ | (97,589 | ) | $ | (96,593 | ) | $ | (96,593 | ) | $ | (96,593 | ) | $ | 289,779 | $ | (97,589 | ) | |||||||
adjustment | ||||||||||||||||||||||||
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 | ) | |||||||
For the Year Ended December 31, 2011 | ||||||||||||||||||||||||
NII Holdings, | NII Capital | Guarantor | Non- | Consolidating | Consolidated | |||||||||||||||||||
Inc. (Parent and Guarantor) | Corp. (Issuer) | Subsidiaries | Guarantor | Adjustments | ||||||||||||||||||||
Subsidiaries | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Operating revenues | $ | — | $ | — | $ | 3,072 | $ | 6,380,817 | $ | (3,072 | ) | $ | 6,380,817 | |||||||||||
Operating expenses | ||||||||||||||||||||||||
Cost of revenues (exclusive of | — | — | 162 | 2,465,602 | — | 2,465,764 | ||||||||||||||||||
depreciation and amortization | ||||||||||||||||||||||||
included below) | ||||||||||||||||||||||||
Selling, general and administrative | 3,467 | 179 | 322,941 | 1,888,945 | (14,430 | ) | 2,201,102 | |||||||||||||||||
Provision for doubtful accounts | — | — | — | 159,201 | — | 159,201 | ||||||||||||||||||
Management fee and other | — | — | (153,035 | ) | 223,630 | (70,595 | ) | — | ||||||||||||||||
Depreciation and amortization | — | — | 12,334 | 575,830 | — | 588,164 | ||||||||||||||||||
3,467 | 179 | 182,402 | 5,313,208 | (85,025 | ) | 5,414,231 | ||||||||||||||||||
Operating (loss) income | (3,467 | ) | (179 | ) | (179,330 | ) | 1,067,609 | 81,953 | 966,586 | |||||||||||||||
Other income (expense) | ||||||||||||||||||||||||
Interest expense, net | (59,137 | ) | (166,940 | ) | (2,715 | ) | (82,943 | ) | — | (311,735 | ) | |||||||||||||
Intercompany interest expense | (172,465 | ) | — | — | (67,677 | ) | 240,142 | — | ||||||||||||||||
Interest income | 2,792 | — | 7 | 31,297 | — | 34,096 | ||||||||||||||||||
Intercompany interest income | 16,629 | 222,866 | 200 | 447 | (240,142 | ) | — | |||||||||||||||||
Foreign currency transaction losses | (4 | ) | — | — | (37,293 | ) | — | (37,297 | ) | |||||||||||||||
Equity in income of affiliates | 324,435 | 506,345 | 520,665 | — | (1,351,445 | ) | — | |||||||||||||||||
Other income (expense), net | 67,040 | — | (113 | ) | (22,724 | ) | (81,953 | ) | (37,750 | ) | ||||||||||||||
179,290 | 562,271 | 518,044 | (178,893 | ) | (1,433,398 | ) | (352,686 | ) | ||||||||||||||||
Income before income tax benefit | 175,823 | 562,092 | 338,714 | 888,716 | (1,351,445 | ) | 613,900 | |||||||||||||||||
(provision) | ||||||||||||||||||||||||
Income tax benefit (provision) | 49,373 | (17,260 | ) | (52,766 | ) | (330,553 | ) | — | (351,206 | ) | ||||||||||||||
Net income from continuing operations | 225,196 | 544,832 | 285,948 | 558,163 | (1,351,445 | ) | 262,694 | |||||||||||||||||
Loss from discontinued operations, net of income taxes | — | — | — | (37,498 | ) | — | (37,498 | ) | ||||||||||||||||
Net income | $ | 225,196 | $ | 544,832 | $ | 285,948 | $ | 520,665 | $ | (1,351,445 | ) | $ | 225,196 | |||||||||||
Comprehensive (loss) income, net | ||||||||||||||||||||||||
of income taxes | ||||||||||||||||||||||||
Foreign currency translation | $ | (462,457 | ) | $ | (462,457 | ) | $ | (462,457 | ) | $ | (462,457 | ) | $ | 1,387,371 | $ | (462,457 | ) | |||||||
adjustment | ||||||||||||||||||||||||
Other | (342 | ) | (342 | ) | (342 | ) | (342 | ) | 1,026 | (342 | ) | |||||||||||||
Other comprehensive loss | (462,799 | ) | (462,799 | ) | (462,799 | ) | (462,799 | ) | 1,388,397 | (462,799 | ) | |||||||||||||
Net income | 225,196 | 544,832 | 285,948 | 520,665 | (1,351,445 | ) | 225,196 | |||||||||||||||||
Total comprehensive (loss) income | $ | (237,603 | ) | $ | 82,033 | $ | (176,851 | ) | $ | 57,866 | $ | 36,952 | $ | (237,603 | ) | |||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | ||||||||||||||||||||||||
For the Year Ended December 31, 2013 | ||||||||||||||||||||||||
NII Holdings, | NII Capital | Guarantor | Non- | Consolidating | Consolidated | |||||||||||||||||||
Inc. (Parent and Guarantor) | Corp. (Issuer) | Subsidiaries | Guarantor | Adjustments | ||||||||||||||||||||
Subsidiaries | ||||||||||||||||||||||||
(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 | 1,342,141 | 1,413,777 | (4,067,478 | ) | 1,464,501 | |||||||||||||||||
Total operating cash (used in) provided by continuing operations | (171,667 | ) | 51,884 | (159,744 | ) | 144,339 | (49,910 | ) | (185,098 | ) | ||||||||||||||
Total operating cash used in discontinued operations | — | — | — | (7,353 | ) | — | (7,353 | ) | ||||||||||||||||
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 | ) | (650,645 | ) | — | (664,877 | ) | |||||||||||||||
Purchases of licenses | — | — | — | (53,066 | ) | — | (53,066 | ) | ||||||||||||||||
Purchases of long-term and short-term | — | — | — | (2,360,529 | ) | — | (2,360,529 | ) | ||||||||||||||||
investments | ||||||||||||||||||||||||
Proceeds from sales of long-term | — | — | — | 1,942,886 | — | 1,942,886 | ||||||||||||||||||
and short-term investments | ||||||||||||||||||||||||
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 | ) | (424,145 | ) | 194,231 | (453,411 | ) | |||||||||||||
Total investing cash provided by discontinued operations | — | — | — | 275,799 | — | 275,799 | ||||||||||||||||||
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 line of credit | — | — | — | 45 | — | 45 | ||||||||||||||||||
Borrowings under equipment financing | — | — | — | 145,077 | — | 145,077 | ||||||||||||||||||
Repayments under syndicated | — | — | — | (473,918 | ) | — | (473,918 | ) | ||||||||||||||||
loan facilities | ||||||||||||||||||||||||
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 | — | — | — | (362,736 | ) | — | (362,736 | ) | ||||||||||||||||
Intercompany dividends | — | (49,910 | ) | — | — | 49,910 | — | |||||||||||||||||
Capital contributions | — | 20 | 191,506 | 3,234 | (194,760 | ) | — | |||||||||||||||||
Other, net | (1,010 | ) | (20 | ) | (545 | ) | (27,551 | ) | 529 | (28,597 | ) | |||||||||||||
Total financing cash (used in) provided by continuing operations | (1,010 | ) | (49,910 | ) | 174,353 | 799,842 | (144,321 | ) | 778,954 | |||||||||||||||
Total financing cash used in discontinued operations | — | — | — | (2,363 | ) | — | (2,363 | ) | ||||||||||||||||
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 | — | — | — | (56,236 | ) | — | (56,236 | ) | ||||||||||||||||
cash equivalents | ||||||||||||||||||||||||
Change in cash and cash equivalents held for sale | — | — | — | 12,318 | — | 12,318 | ||||||||||||||||||
Net (decrease) increase in cash and cash equivalents | (378,708 | ) | — | (883 | ) | 742,201 | — | 362,610 | ||||||||||||||||
Cash and cash equivalents, beginning of year | 735,022 | — | 6,469 | 629,682 | — | 1,371,173 | ||||||||||||||||||
Cash and cash equivalents, end of year | $ | 356,314 | $ | — | $ | 5,586 | $ | 1,371,883 | $ | — | $ | 1,733,783 | ||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | ||||||||||||||||||||||||
For the Year Ended December 31, 2012 | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | ||||||||||||||||||||||||
For the Year Ended December 31, 2011 | ||||||||||||||||||||||||
NII Holdings, | NII Capital | Guarantor | Non-Guarantor | Consolidating | Consolidated | |||||||||||||||||||
Inc. (Parent and Guarantor) | Corp. (Issuer) | Subsidiaries | Subsidiaries | Adjustments | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Cash flows from operating activities: | ||||||||||||||||||||||||
Net income | $ | 225,196 | $ | 544,832 | $ | 285,948 | $ | 520,665 | $ | (1,351,445 | ) | $ | 225,196 | |||||||||||
Adjustments to reconcile net income to net cash provided by (used in) operating activities | (117,264 | ) | (551,291 | ) | (498,345 | ) | 800,350 | 1,128,167 | 761,617 | |||||||||||||||
Total operating cash provided by (used in) continuing operations | 107,932 | (6,459 | ) | (212,397 | ) | 1,321,015 | (223,278 | ) | 986,813 | |||||||||||||||
Total operating cash used in discontinued operations | — | — | — | (4,422 | ) | — | (4,422 | ) | ||||||||||||||||
Net cash provided by (used in) operating activities | 107,932 | (6,459 | ) | (212,397 | ) | 1,316,593 | (223,278 | ) | 982,391 | |||||||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||
Capital expenditures | — | — | (122,124 | ) | (839,670 | ) | — | (961,794 | ) | |||||||||||||||
Purchases of licenses | — | — | — | (138,678 | ) | — | (138,678 | ) | ||||||||||||||||
Purchases of long-term and short-term investments | (329,292 | ) | — | — | (1,969,117 | ) | — | (2,298,409 | ) | |||||||||||||||
Proceeds from sales of long-term | 585,000 | — | — | 1,891,986 | — | 2,476,986 | ||||||||||||||||||
and short-term investments | ||||||||||||||||||||||||
Transfers to restricted cash | (276 | ) | — | — | (4,701 | ) | — | (4,977 | ) | |||||||||||||||
Transfers from restricted cash | — | — | — | 136,467 | — | 136,467 | ||||||||||||||||||
Intercompany borrowings | (76,141 | ) | (1,424,860 | ) | — | — | 1,501,001 | — | ||||||||||||||||
Proceeds from intercompany borrowings | 137,089 | — | — | — | (137,089 | ) | — | |||||||||||||||||
Investment in subsidiaries | (475,821 | ) | (1,246 | ) | — | — | 477,067 | — | ||||||||||||||||
Other, net | — | — | — | 4,207 | — | 4,207 | ||||||||||||||||||
Total investing cash used in continuing operations | (159,441 | ) | (1,426,106 | ) | (122,124 | ) | (919,506 | ) | 1,840,979 | (786,198 | ) | |||||||||||||
Total investing cash used in discontinued operations | — | — | — | (124,085 | ) | — | (124,085 | ) | ||||||||||||||||
Net cash used in investing activities | (159,441 | ) | (1,426,106 | ) | (122,124 | ) | (1,043,591 | ) | 1,840,979 | (910,283 | ) | |||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||||||
Proceeds from issuance of senior notes | — | 1,439,500 | — | — | — | 1,439,500 | ||||||||||||||||||
Borrowings under line of credit | — | — | — | 745,150 | — | 745,150 | ||||||||||||||||||
Borrowings under long-term credit facility | — | — | — | 365,386 | — | 365,386 | ||||||||||||||||||
Borrowings under equipment financing | — | — | — | 42,675 | — | 42,675 | ||||||||||||||||||
Repayments under syndicated loan facilities | — | — | — | (237,771 | ) | — | (237,771 | ) | ||||||||||||||||
Repayments under spectrum license financing | — | — | — | (683,878 | ) | — | (683,878 | ) | ||||||||||||||||
Repayments under intercompany long-term loan | — | — | — | (137,089 | ) | 137,089 | — | |||||||||||||||||
Repayments of import financing | — | — | — | (129,919 | ) | — | (129,919 | ) | ||||||||||||||||
Capital contributions | — | 103,302 | 371,721 | 2,044 | (477,067 | ) | — | |||||||||||||||||
Proceeds from intercompany long-term loan | 1,424,860 | — | — | 76,141 | (1,501,001 | ) | — | |||||||||||||||||
Purchases of convertible notes | (904,200 | ) | — | — | — | — | (904,200 | ) | ||||||||||||||||
Intercompany dividends | — | (84,139 | ) | (139,139 | ) | — | 223,278 | — | ||||||||||||||||
Other, net | 25,010 | (25,170 | ) | (11,831 | ) | (70,018 | ) | — | (82,009 | ) | ||||||||||||||
Total financing cash provided by (used in) continuing operations | 545,670 | 1,433,493 | 220,751 | (27,279 | ) | (1,617,701 | ) | 554,934 | ||||||||||||||||
Total financing cash used in discontinued operations | — | — | — | (29,931 | ) | — | (29,931 | ) | ||||||||||||||||
Net cash provided by (used in) financing activities | 545,670 | 1,433,493 | 220,751 | (57,210 | ) | (1,617,701 | ) | 525,003 | ||||||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | — | (41,693 | ) | — | (41,693 | ) | ||||||||||||||||
Change in cash and cash equivalents held for sale | — | — | — | 51,264 | — | 51,264 | ||||||||||||||||||
Net increase (decrease) in cash and cash equivalents | 494,161 | 928 | (113,770 | ) | 225,363 | — | 606,682 | |||||||||||||||||
Cash and cash equivalents, beginning of year | 548,197 | 28 | 122,186 | 1,033,566 | — | 1,703,977 | ||||||||||||||||||
Cash and cash equivalents, end of year | $ | 1,042,358 | $ | 956 | $ | 8,416 | $ | 1,258,929 | $ | — | $ | 2,310,659 | ||||||||||||
Schedule_I_Condensed_Financial
Schedule I - Condensed Financial Information of Registrant (Notes) | 12 Months Ended | |||||||||||
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, | December 31, | |||||||||||
2013 | 2012 | |||||||||||
ASSETS | ||||||||||||
Current assets | ||||||||||||
Cash and cash equivalents | $ | 356,314 | $ | 735,022 | ||||||||
Short-term intercompany receivables | 31,803 | 19,716 | ||||||||||
Prepaid expenses and other | 6,832 | 6,617 | ||||||||||
Total current assets | 394,949 | 761,355 | ||||||||||
Investments in and advances to affiliates | 1,867,753 | 2,717,391 | ||||||||||
Intangible assets, net | 18,000 | 18,000 | ||||||||||
Deferred income taxes, net | 16,025 | 13,683 | ||||||||||
Long-term intercompany receivables | 1,474,658 | 2,377,065 | ||||||||||
Other assets | 29,381 | 16,280 | ||||||||||
Total assets | $ | 3,800,766 | $ | 5,903,774 | ||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||||||
Current liabilities | ||||||||||||
Short-term intercompany payables | $ | 464,798 | $ | 597,678 | ||||||||
Accrued expenses and other | — | 3,734 | ||||||||||
Total current liabilities | 464,798 | 601,412 | ||||||||||
Long-term intercompany payables | 2,950,226 | 2,953,495 | ||||||||||
Other long-term liabilities | 30,355 | 32,418 | ||||||||||
Total liabilities | 3,445,379 | 3,587,325 | ||||||||||
Total stockholders’ equity | 355,387 | 2,316,449 | ||||||||||
Total liabilities and stockholders’ equity | $ | 3,800,766 | $ | 5,903,774 | ||||||||
NII HOLDINGS, INC. | ||||||||||||
CONDENSED STATEMENTS OF COMPREHENSIVE LOSS (PARENT COMPANY ONLY) | ||||||||||||
(in thousands) | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Operating revenues | $ | — | $ | — | $ | — | ||||||
Operating expenses | ||||||||||||
Selling, general and administrative | 3,136 | 3,180 | 3,467 | |||||||||
3,136 | 3,180 | 3,467 | ||||||||||
Operating loss | (3,136 | ) | (3,180 | ) | (3,467 | ) | ||||||
Other income (expense) | ||||||||||||
Interest expense, net | (562 | ) | (23,646 | ) | (59,137 | ) | ||||||
Intercompany interest expense | (234,799 | ) | (215,501 | ) | (172,465 | ) | ||||||
Interest income | 913 | 15,292 | 2,792 | |||||||||
Intercompany interest income | 1,340 | 1 | 16,629 | |||||||||
Equity in (loss) income of affiliates | (1,473,856 | ) | (639,902 | ) | 324,435 | |||||||
Other income, net | 36,017 | 86,324 | 67,036 | |||||||||
(1,670,947 | ) | (777,432 | ) | 179,290 | ||||||||
(Loss) income before income tax benefit | (1,674,083 | ) | (780,612 | ) | 175,823 | |||||||
Income tax benefit | 24,484 | 15,363 | 49,373 | |||||||||
Net (loss) income | $ | (1,649,599 | ) | $ | (765,249 | ) | $ | 225,196 | ||||
Comprehensive loss, net of income taxes | ||||||||||||
Foreign currency translation adjustment | $ | (334,893 | ) | $ | (97,589 | ) | $ | (462,457 | ) | |||
Other | 2,257 | (1,802 | ) | (342 | ) | |||||||
Other comprehensive loss | (332,636 | ) | (99,391 | ) | (462,799 | ) | ||||||
Net (loss) income | (1,649,599 | ) | (765,249 | ) | 225,196 | |||||||
Total comprehensive loss | $ | (1,982,235 | ) | $ | (864,640 | ) | $ | (237,603 | ) | |||
NII HOLDINGS, INC. | ||||||||||||
CONDENSED STATEMENTS OF CASH FLOWS (PARENT COMPANY ONLY) | ||||||||||||
(in thousands) | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Cash flows from operating activities: | ||||||||||||
Net (loss) income | $ | (1,649,599 | ) | $ | (765,249 | ) | $ | 225,196 | ||||
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities | 1,477,932 | 768,542 | (117,264 | ) | ||||||||
Net cash (used in) provided by operating activities | (171,667 | ) | 3,293 | 107,932 | ||||||||
Cash flows from investing activities: | ||||||||||||
Purchases of long-term and short-term investments | — | — | (329,292 | ) | ||||||||
Proceeds from sales of long-term and short-term investments | — | 224,330 | 585,000 | |||||||||
Transfers to restricted cash | (15,050 | ) | — | (276 | ) | |||||||
Intercompany borrowings | — | — | (76,141 | ) | ||||||||
Proceeds from intercompany borrowings | — | — | 137,089 | |||||||||
Investments in subsidiaries | (191,526 | ) | (318,949 | ) | (475,821 | ) | ||||||
Intercompany dividends | 545 | — | — | |||||||||
Net cash used in investing activities | (206,031 | ) | (94,619 | ) | (159,441 | ) | ||||||
Cash flows from financing activities: | ||||||||||||
Purchases of convertible notes | — | (212,782 | ) | (904,200 | ) | |||||||
Proceeds from intercompany long-term loan | — | — | 1,424,860 | |||||||||
Other, net | (1,010 | ) | (3,228 | ) | 25,010 | |||||||
Net cash flows (used in) provided by financing activities | (1,010 | ) | (216,010 | ) | 545,670 | |||||||
Net (decrease) increase in cash and cash equivalents | (378,708 | ) | (307,336 | ) | 494,161 | |||||||
Cash and cash equivalents, beginning of year | 735,022 | 1,042,358 | 548,197 | |||||||||
Cash and cash equivalents, end of year | $ | 356,314 | $ | 735,022 | $ | 1,042,358 | ||||||
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 8 to our consolidated financial statements for more information. These condensed financial statements have been presented on a "parent only" basis. In accordance with this parent only presentation, we have presented our parent company's investments in consolidated subsidiaries under the equity method. These condensed parent only financial statements should be read in conjunction with our consolidated financial statements included elsewhere herein. | ||||||||||||
2. Dividends From Subsidiaries | ||||||||||||
For the years ended December 31, 2013, 2012 and 2011, NII Holdings' consolidated subsidiaries declared and paid $49.9 million, $151.2 million and $139.1 million, respectively, in cash dividends to the parent company. |
Schedule_II_Valuation_and_Qual
Schedule II - Valuation and Qualifying Accounts | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Valuation and Qualifying Accounts [Abstract] | ' | |||||||||||||||
Schedule II - Valuation and Qualifying Accounts | ' | |||||||||||||||
NII HOLDINGS, INC. AND SUBSIDIARIES | ||||||||||||||||
SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS | ||||||||||||||||
(in thousands) | ||||||||||||||||
Balance at | Charged to | Deductions | Balance at | |||||||||||||
Beginning of | Costs and | and Other | End of | |||||||||||||
Period | Expenses | Adjustments (1) | Period | |||||||||||||
Year Ended December 31, 2013 | ||||||||||||||||
Allowance for doubtful accounts | $ | 108,676 | $ | 116,619 | $ | (164,002 | ) | $ | 61,293 | |||||||
Valuation allowance for deferred tax assets | $ | 508,101 | $ | 4,090,410 | $ | (64,601 | ) | $ | 4,533,910 | |||||||
Year Ended December 31, 2012 | ||||||||||||||||
Allowance for doubtful accounts | $ | 63,241 | $ | 217,315 | $ | (171,880 | ) | $ | 108,676 | |||||||
Valuation allowance for deferred tax assets | $ | 240,715 | $ | 268,479 | $ | (1,093 | ) | $ | 508,101 | |||||||
Year Ended December 31, 2011 | ||||||||||||||||
Allowance for doubtful accounts | $ | 39,228 | $ | 159,201 | $ | (135,188 | ) | $ | 63,241 | |||||||
Valuation allowance for deferred tax assets | $ | 106,811 | $ | 34,490 | $ | 99,414 | $ | 240,715 | ||||||||
_______________________________________ | ||||||||||||||||
-1 | Includes the impact of foreign currency translation adjustments. |
Summary_of_Operations_and_Sign1
Summary of Operations and Significant Accounting Policies (Policy) | 12 Months Ended | |
Dec. 31, 2013 | ||
Accounting Policies [Abstract] | ' | |
Liquidity Disclosure [Policy Text Block] | ' | |
Going Concern. 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. These consolidated financial statements do not include any adjustments that might result from the occurrence of any of the uncertainties described below. | ||
Recently, our results of operations, including our operating revenues and operating cash flows, have been negatively affected by a number of factors, including competitive pressure across all of our markets, and a series of events that first arose or started to affect us to an unexpected degree in the third quarter of 2013. These events included: | ||
• | the impact of Sprint Corporation's, or Sprint's, deactivation of its iDEN network in the U.S.; | |
• | the depreciation of local currencies; | |
• | the impact of delays in the deployment and launch of services on our WCDMA networks, which delayed our ability to generate subscriber growth and revenues on those networks from what we had previously expected; and | |
• | the increased costs to support our WCDMA networks. | |
In particular, Sprint's deactivation of its iDEN network in the U.S., combined with competitive pressures and delays in our deployment and optimization of our WCDMA network in Mexico, resulted in a significant loss of subscribers on our iDEN network that we were unable to offset with new subscribers on our WCDMA network. This subscriber loss resulted in a significant decline in subscribers and a reduction in operating revenues and operating cash flows in Mexico during the second half of 2013. We currently expect this trend in Mexico to continue into 2014 as iDEN subscriber losses continue to outpace our ability to attract customers to our new network. In addition, negative market perceptions of our WCDMA service in Mexico developed in late 2013 due primarily to Sprint’s deactivation of its iDEN network and delays in effectively deploying and optimizing our WCDMA networks to meet the needs of customers who were seeking to replace the iDEN services that no longer met their needs, particularly in the border area with the U.S. These negative perceptions, if they persist, could further hinder our ability to attract the level of customers to our new network that we had previously anticipated. Similarly, delays in the deployment and optimization of our WCDMA network in Brazil made it difficult to proceed with our scheduled launches of WCDMA services in that market. As a result, we proceeded with launches of full voice and data services in Brazil late in 2013, which led to subscriber and revenue growth rates that were significantly lower than originally anticipated. | ||
These factors had a significant negative impact on our results during the second half of 2013, and as a result, we ended 2013 with a significantly smaller subscriber and revenue base than we had previously expected. We plan to use our available funding, together with cash provided by our operations, to finance our current business plan; however, with a smaller subscriber base in Mexico and Brazil, absent changes to our outlook, it is probable that we will not be able to generate sufficient growth in our operating revenues and operating cash flows to meet our obligations through 2015. These conditions, and their impact on our liquidity, in combination with the potential impact if we cannot satisfy certain financial covenants under our current debt obligations in 2014 as more fully discussed below, raise substantial doubt about our ability to continue as a going concern under the applicable authoritative literature. | ||
Taking the foregoing circumstances into account, and assuming that we are not required to repay the outstanding debt under our operating company financing agreements prior to their scheduled maturity dates as described below, we believe our current sources of funding will be adequate to allow us to execute our business plan and meet our obligations through 2014, but that we will likely not have sufficient funding to do so throughout 2015. To meet our funding needs in 2014, we expect operating cash flows to improve in the second half of 2014, and we intend to reduce our investment in capital expenditures, including our investments in our networks, below the $882.9 million we invested in 2013. Our current business plan assumes that customers will find our services attractive and that we will be able to expand our subscriber base on our WCDMA network in Brazil. We also assume that in 2014 we will be able to stabilize our business in Mexico and achieve a partial to full reversal of the subscriber loss trends we experienced in 2013. However, given the factors that have negatively affected our business and the difficulties associated with predicting our ability to overcome these factors, there can be no assurance that these assumptions will be correct. | ||
The negative impact of the factors discussed above on our results of operations may also adversely affect our ability to comply with certain financial covenants in our existing debt obligations. Specifically, based on our current business plan projections, it is likely that we will be unable to satisfy one or more of the financial covenants currently included in the equipment financing arrangements for Nextel Brazil and Nextel Mexico in 2014. In addition, based on our current business plan projections, it is likely that we will be unable to satisfy the financial covenants currently included in Nextel Brazil’s local bank financing arrangements in 2014. Each of these financing arrangements requires that we meet these financial covenants semi-annually, calculated as of June 30 and December 31. As of December 31, 2013, we were in compliance with these covenants and had $926.8 million principal amount outstanding under these financing arrangements. | ||
If we are unable to comply with the relevant covenants in these arrangements, some of the available courses of action that we could pursue either separately or in combination in an effort to ensure that we satisfy the requirements of these financial covenants or resolve potential non-compliance with these covenants include: | ||
• | negotiating amendments to the financing agreements to modify the relevant covenants; | |
• | securing waivers of the non-compliance from the lenders; | |
• | taking actions designed to enhance the creditworthiness of the borrowers, including moving cash or other assets to the relevant borrower; or | |
• | repaying the relevant outstanding indebtedness in full. | |
While we believe we will be able to negotiate either amendments or waivers with these lenders, there can be no assurance that we will be able to negotiate such amendments or waivers on reasonable terms or at all. Accordingly, if we are required to repay these borrowings, which is not contemplated by our 2014 business plan, the repayment would have a significant negative impact on our liquidity and would further intensify the liquidity issues we face. In addition, if we are unable to remain in compliance with these financial covenants or to otherwise address that non-compliance, a default or acceleration of the debt under those agreements could occur. If the debt under any of these agreements were to be accelerated, the holders of 25% of each series of senior notes issued by Capital Corp. and NII International Telecom, S.C.A., or NIIT, would have the right to declare that an event of default has occurred under the related indentures and could then require the immediate repayment of all borrowings represented by the senior notes. As of December 31, 2013, we had approximately $4.4 billion principal amount of senior notes outstanding. | ||
Even if we are able to successfully address the potential financial covenant issues in 2014, in light of the liquidity issues we face, we continue to assess our ability to significantly improve our operating cash flows and are considering a number of options to do so, including: | ||
• | reducing or delaying our investments in capital expenditures, including scaling back our network development and deployment efforts; | |
• | reducing the scope of our operations in one or more markets that we currently serve; | |
• | selling assets or operations; | |
• | restructuring, reorganizing or refinancing all or a portion of our existing debt obligations, including modifying the terms of those obligations to reduce or delay our debt service requirements; | |
• | seeking additional equity capital or borrowing additional funds; | |
• | creating partnerships or alliances; or | |
• | selling our company. | |
Some of these actions could have the effect of increasing our debt, negatively impacting the quality of our customer service or customer confidence in our ability to provide products and services, reducing our ability to raise additional capital, and further delaying our ability to operate profitability and generate operating cash flows. These actions could also have a significant adverse impact on the value of our business and our outstanding debt and equity securities. There can be no assurance that any of these potential actions could, if necessary, be implemented on commercially reasonable terms, or at all, or that they would alone or in combination with other actions adequately preserve our liquidity or enable us to meet our ongoing funding requirements including our debt service obligations. In addition, if we are able to and do incur additional debt, the risks associated with our substantial leverage, including the risk that we will be unable to service our debt or generate enough cash flow to fund our liquidity needs, could intensify. | ||
As part of our current assessment or assessments in the future, if we believe we will be unable to significantly improve our cash flow from operations or implement measures to enable us to continue to satisfy our obligations, we may voluntarily commence reorganization proceedings, which could mean that debt and equity holders could lose all or part of their investment. | ||
Operations | ' | |
Operations. We provide wireless communication services under the NextelTM brand, primarily targeted at meeting the needs of subscribers who use our services to improve the productivity of their businesses and subscribers who make the individual decision to use our service for both professional and personal needs. Unless the context requires otherwise, “NII Holdings, Inc.,” “NII Holdings,” “we,” “our,” “us” and “the Company” refer to the combined businesses of NII Holdings, Inc. and its consolidated subsidiaries. Our subscribers generally value our broad set of value-added services, including our push-to-talk services, which allow subscribers to talk to each other instantly, and our high level of customer service. As we expand our wideband code division multiple access-based, or WCDMA-based, networks in our markets, we are extending our target market to include additional 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, Argentina and Chile with our principal operations located in major business centers and related transportation corridors of these countries. We provide our 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, Mexico and Chile serve or are expected to serve these major business centers and, in some instances, a broader geographic area in order to meet the requirements of our spectrum licenses. | ||
Our original networks utilize integrated digital enhanced network, or iDEN, technology developed by Motorola, Inc. to provide our mobile services on our 800 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. 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 service; | |
• | push-to-talk services, including our Direct Connect®, Prip and International Direct Connect® services, which allow subscribers to talk to each other instantly; | |
• | wireless data services, including text messaging services; mobile internet services; and e-mail services; | |
• | 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. | |
The deployment and expansion of our WCDMA networks in Brazil, Mexico and Chile enable 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 significant 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 over 250 cities, including cities in and around Sao Paulo and Rio de Janeiro. In December 2013, we signed agreements with Telefonica Moviles, or Telefonica, under which Telefonica agreed to provide Nextel Brazil and Nextel Mexico with nationwide roaming voice and data coverage services on Telefonica's networks. When implemented, the agreements will allow us to enhance our service offerings by expanding the areas in which customers using our WCDMA services in Brazil and Mexico can access voice and data services. We plan to expand the coverage and quality of our networks in Brazil and Mexico in 2014. We also offer service on our iDEN network in Argentina. Our current spectrum holdings are sufficient to enable us to deploy networks that utilize long-term evolution, or LTE, technology in certain areas in Brazil and Mexico, and we currently plan to upgrade our WCDMA networks to support LTE services in select cities in Brazil and Mexico in 2014. | ||
Use of Estimates | ' | |
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 | ' | |
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, Nextel Argentina and Nextel Chile. | ||
Concentrations of Risk | ' | |
Concentrations of Risk. Substantially 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, 2013 and 2012, $6,400.7 million and $6,650.0 million, 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. | ||
As we transition to our WCDMA networks, and as Sprint proceeded with its planned deactivation of its iDEN network, the 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. We also expect that this transition could also affect Motorola Mobility's ability or willingness to provide support for the development of new iDEN handsets beyond their contractual obligations and may also result in an increase in our costs for those handsets, including handsets that are capable of operating on both our iDEN and WCDMA networks. 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 may be more significant in Argentina where we do not currently hold spectrum that would support the deployment of a WCDMA 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 in two different funds. See Note 9 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 | ' | |
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 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 operations as foreign currency transaction gains, 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 and Nextel Chile 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 | ' | |
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, 2013 and 2012, we had $740.0 million and $479.4 million, respectively, in time deposits. | ||
Restricted Cash | ' | |
Restricted Cash. As of December 31, 2013, we had $91.3 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, purchase commitments for handsets and cash collateral supporting the lease of our corporate headquarters, and the remainder of which was included in other current assets. | ||
As of December 31, 2012, we had $16.0 million in restricted cash, the majority of which was included in other long-term assets and represented cash collateral supporting the lease of our corporate headquarters, and the remainder of which was included in other current assets. | ||
Short-Term Investments | ' | |
Short-Term Investments. Our short-term investments consist of investments made by Nextel Brazil in two different investment funds and certificates of deposit with a Brazilian bank. 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 operations. 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 9 for additional information. | ||
Handset and Accessory Inventory | ' | |
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 handset and accessory sales. 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, 2013, 2012 and 2011, we recorded losses related to inventory obsolescence of $70.4 million, $1.6 million and $3.2 million, respectively, which included $14.1 million in 2013 related to expected losses on firm purchase commitments. | ||
Property, Plant and Equipment | ' | |
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 depreciate our corporate aircraft capital lease using the straight-line method based on the lease term of 10 years. We include depreciation expense on our corporate aircraft capital lease and other 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. | ||
Asset Retirement Obligations | ' | |
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 an $82.6 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. | ||
Derivative Financial Instruments | ' | |
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, 2013 and 2012, the values of our derivative instruments were not material. | ||
Valuation of Long-Lived Assets | ' | |
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 | ' | |
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. Many of our licenses give us the right to use 800 MHz spectrum that is non-contiguous, and the iDEN technology is the only commercially available digital technology that operates on non-contiguous spectrum. As a result, our ability to deploy new technologies on our licensed 800 MHz spectrum may be limited unless we are able to reconfigure the spectrum holdings into contiguous blocks and meet other technical, operational and regulatory requirements. In light of the uncertainty regarding the availability of alternative technologies, our ability to reconfigure the 800 MHz spectrum, our ability to meet certain other requirements and the commercial life of any technology, including the iDEN technology, our ability to use our 800 MHz spectrum for an indefinite period cannot be assured. As a result, we classify our licenses as definite lived assets. | ||
Revenue Recognition | ' | |
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 and two-way radio 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. | ||
We recognized the proceeds received from our spectrum use and build-out agreement with Sprint as deferred revenues. We amortize this amount into revenue on a straight-line basis over 15.5 years, which represents the average remaining useful life of our licenses in the Baja region of Mexico as of the date we began providing service under this agreement. | ||
Revenue-Based Taxes | ' | |
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, 2013, 2012 and 2011, we had $166.0 million, $211.5 million and $245.2 million, respectively, in revenue-based taxes and other excise taxes. | ||
Accounts Receivable | ' | |
Accounts Receivable. Accounts receivable represents amounts due from subscribers net of an allowance for doubtful accounts. Trade accounts receivable consists of fixed monthly charges, as well as charges for excess and roaming minutes used in arrears. | ||
Allowance for Doubtful Accounts | ' | |
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. | ||
Customer Related Direct Costs | ' | |
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 | ' | |
Advertising Costs. We expense costs related to advertising and other promotional expenditures as incurred. Advertising costs totaled $147.9 million, $174.3 million and $214.4 million during the years ended December 31, 2013, 2012 and 2011, respectively. | ||
Stock-Based Compensation | ' | |
Stock-Based Compensation. We measure and recognize compensation expense for all stock-based compensation awards based on estimated fair values. See Note 13 for more information. | ||
Net Income Per Common Share, Basic and Diluted | ' | |
Net (Loss) Income Per Common Share, Basic and Diluted. Basic net (loss) income per common share is computed by dividing adjusted net (loss) income attributable to common shares by the weighted average number of common shares outstanding for the period. Diluted net (loss) income 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, 2013 and 2012, our calculation of diluted net loss per 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, restricted common shares issued under those plans or common shares resulting from the potential conversion of our 3.125% convertible notes prior to their maturity on June 15, 2012 since their effect would have been antidilutive to our net loss for those periods. In addition, for the years ended December 31, 2013 and 2012, we did not include 10.8 million or 16.8 million stock options, respectively, and 2.8 million and 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. | ||
As presented for the year ended December 31, 2011, our calculation of diluted net income per share includes common shares resulting from shares issuable upon the potential exercise of stock options under our stock-based employee compensation plans and our restricted stock, as well as common shares resulting from the potential conversion of our 2.75% convertible notes. During the third quarter of 2011, certain holders of our 2.75% convertible notes required us to purchase a portion of these notes, and we exercised our call option and redeemed the remaining outstanding principal amount of these notes. We did not include the common shares resulting from the potential conversion of our 3.125% convertible notes in our calculation of diluted net income per common share because their effect would have been antidilutive to our net income per common share for the year ended December 31, 2011. Further, for the year ended December 31, 2011, we did not include 9.3 million in antidilutive stock options nor did we include an immaterial amount of our restricted stock in our calculation of diluted net income per common share because their effect would also have been antidilutive to our net income per common share for that period. | ||
Income Taxes | ' | |
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. | ||
During 2013 the valuation allowance against our deferred tax assets increased by a net amount of $4.0 billion. This increase is due to a continuance of our prior position of recording a full valuation allowance with respect to the net deferred tax assets of Nextel Chile and the U.S., resulting in an additional $151.3 million valuation allowance for these entities. Our prior position of recording a full valuation allowance with respect to the net deferred tax assets of our holding companies in Luxembourg, Spain and Netherlands also continued in 2013, and we recorded in total a $3.3 billion valuation allowance against the deferred tax assets of these entities. Due to the nature of these companies and their tax status under local holding company rules, a full valuation allowance is necessary as the net operating loss carryforwards will never be utilized and add no value to the company. In addition, our prior position regarding the need for a valuation allowance on one of our Brazil subsidiaries and three of our Mexico subsidiaries changed in 2013, and we recorded valuation allowances of $382.9 million and $189.8 million against the net deferred tax assets of these Brazilian and Mexican subsidiaries, respectively. This change of position was primarily due to the significant decline in our current and recent cumulative earnings. | ||
Realization of deferred tax assets in any of our markets depends on various factors, including continued future profitability in these markets. Our ability to generate the expected amounts of taxable income from future operations is dependent upon general economic conditions, technology trends, political uncertainties, competitive pressures and other factors beyond management’s control. We will continue to evaluate the deferred tax asset valuation allowance balances in all of our foreign and U.S. companies throughout 2014 to determine the appropriate level of valuation allowances. | ||
We continued to assert our prior position regarding the repatriation of historical foreign earnings back to the U.S. During the first quarter of 2010, we determined that we will repatriate an additional amount of $200.0 million of 2010 undistributed earnings back to the U.S. in a taxable manner. This amount was in addition to $26.3 million that remained to be repatriated in accordance with our 2007 decision to repatriate foreign earnings to the U.S., for a total of $226.3 million to be repatriated. As of December 31, 2012, we included a $54.4 million provision in deferred tax liability 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. This deferred tax liability decreased slightly in 2013 due to changes in foreign currency exchange rates to $54.2 million as of December 31, 2013. Except for the earnings associated with this provision 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 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 which may be payable on the remaining undistributed earnings. | ||
Reclassifications | ' | |
Reclassifications. We have reclassified some prior period amounts in our consolidated financial statements to conform to our current year presentation. |
Summary_of_Operations_and_Sign2
Summary of Operations and Significant Accounting Policies (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Accounting Policies [Abstract] | ' | |||||||||||
Components of Accumulated Other Comprehensive Loss, Net of Taxes | ' | |||||||||||
The components of our accumulated other comprehensive loss, net of taxes, are as follows: | ||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||
(in thousands) | ||||||||||||
Cumulative foreign currency translation adjustment | $ | (951,271 | ) | $ | (616,378 | ) | ||||||
Other | (4,806 | ) | (7,063 | ) | ||||||||
$ | (956,077 | ) | $ | (623,441 | ) | |||||||
Supplemental Cash Flow Information | ' | |||||||||||
Supplemental Cash Flow Information. | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
(in thousands) | ||||||||||||
Capital expenditures | ||||||||||||
Cash paid for capital expenditures, including capitalized interest | $ | 664,877 | $ | 1,042,479 | $ | 961,794 | ||||||
Change in capital expenditures accrued and unpaid or financed, including | 218,071 | 378,638 | 382,911 | |||||||||
accreted interest capitalized | ||||||||||||
$ | 882,948 | $ | 1,421,117 | $ | 1,344,705 | |||||||
Interest costs | ||||||||||||
Interest expense, net | $ | 539,159 | $ | 365,521 | $ | 311,735 | ||||||
Interest capitalized | 78,254 | 127,189 | 76,204 | |||||||||
$ | 617,413 | $ | 492,710 | $ | 387,939 | |||||||
Acquisitions of assets and business combinations | ||||||||||||
Fair value of assets acquired | $ | 53,066 | $ | 100,185 | $ | 138,678 | ||||||
Less: liabilities assumed and deferred tax liabilities incurred | — | — | — | |||||||||
Less: cash acquired | — | — | — | |||||||||
$ | 53,066 | $ | 100,185 | $ | 138,678 | |||||||
Cash paid for interest, net of amounts capitalized | $ | 391,874 | $ | 293,594 | $ | 183,475 | ||||||
Cash paid for income taxes | $ | 39,292 | $ | 269,597 | $ | 344,963 | ||||||
Asset Retirement Obligations | ' | |||||||||||
As of December 31, 2013 and 2012, our asset retirement obligations were as follows (in thousands): | ||||||||||||
2013 | 2012 | |||||||||||
Balance, January 1 | $ | 114,760 | $ | 81,728 | ||||||||
New asset retirement obligations | 18,648 | 10,740 | ||||||||||
Change in assumptions | (82,634 | ) | 8,088 | |||||||||
Accretion | 18,319 | 14,804 | ||||||||||
Settlement of asset retirement obligation | (93 | ) | (293 | ) | ||||||||
Foreign currency translation and other | (13,775 | ) | (307 | ) | ||||||||
Balance, December 31 | $ | 55,225 | $ | 114,760 | ||||||||
Reconciliation used to Calculate Basic and Diluted Net Income per Common Share | ' | |||||||||||
The following tables provide a reconciliation of the numerators and denominators used to calculate basic and diluted net (loss) income per common share as disclosed in our consolidated statements of operations for the years ended December 31, 2013, 2012 and 2011: | ||||||||||||
Year Ended December 31, 2013 | ||||||||||||
Income | Shares | Per Share | ||||||||||
(Numerator) | (Denominator) | Amount | ||||||||||
(in thousands, except per share data) | ||||||||||||
Basic net loss per common share: | ||||||||||||
Net loss | $ | (1,649,599 | ) | 171,912 | ||||||||
Net income allocable to participating shares | — | — | ||||||||||
Adjusted net loss attributable to common shares | (1,649,599 | ) | 171,912 | $ | (9.60 | ) | ||||||
Effect of dilutive securities: | ||||||||||||
Stock options | — | — | ||||||||||
Restricted stock | — | — | ||||||||||
Convertible notes, net of capitalized interest and taxes | — | — | ||||||||||
Diluted net loss per common share: | ||||||||||||
Net loss on which diluted earnings per share is calculated | $ | (1,649,599 | ) | 171,912 | $ | (9.60 | ) | |||||
Year Ended December 31, 2012 | ||||||||||||
Income | Shares | Per Share | ||||||||||
(Numerator) | (Denominator) | Amount | ||||||||||
(in thousands, except per share data) | ||||||||||||
Basic net loss per common share: | ||||||||||||
Net loss | $ | (765,249 | ) | 171,499 | ||||||||
Net income allocable to participating shares | — | — | ||||||||||
Adjusted net loss attributable to common shares | (765,249 | ) | 171,499 | $ | (4.46 | ) | ||||||
Effect of dilutive securities: | ||||||||||||
Stock options | — | — | ||||||||||
Restricted stock | — | — | ||||||||||
Convertible notes, net of capitalized interest and taxes | — | — | ||||||||||
Diluted net loss per common share: | ||||||||||||
Net loss on which diluted earnings per share is calculated | $ | (765,249 | ) | 171,499 | $ | (4.46 | ) | |||||
Year Ended December 31, 2011 | ||||||||||||
Income | Shares | Per Share | ||||||||||
(Numerator) | (Denominator) | Amount | ||||||||||
(in thousands, except per share data) | ||||||||||||
Basic net income per common share: | ||||||||||||
Net income | $ | 225,196 | 170,601 | |||||||||
Net income allocable to participating shares | (1,546 | ) | — | |||||||||
Adjusted net income attributable to common shares | 223,650 | 170,601 | $ | 1.31 | ||||||||
Effect of dilutive securities: | ||||||||||||
Stock options | — | 1,971 | ||||||||||
Restricted stock | — | 208 | ||||||||||
Convertible notes, net of capitalized interest and taxes | — | 1 | ||||||||||
Diluted net income per common share: | ||||||||||||
Net income on which diluted earnings per share is calculated | $ | 225,196 | 172,781 | $ | 1.3 | |||||||
Significant_Transactions_Table
Significant Transactions (Tables) | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Significant Disposal Of Assets [Abstract] | ' | |||
Future Minimum Payments of Sale Leaseback Arrangements | ' | |||
For years subsequent to December 31, 2013, future minimum payments related to the 2013 sale of towers, including committed executory costs, are as follows (in thousands): | ||||
2014 | $ | 109,887 | ||
2015 | 112,084 | |||
2016 | 114,326 | |||
2017 | 116,612 | |||
2018 | 118,945 | |||
Thereafter | 2,458,376 | |||
Total | $ | 3,030,230 | ||
Impairments_and_Restructuring_1
Impairments and Restructuring Charges (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Asset Impairment, Restructuring And Related Activities [Abstract] | ' | |||||||
Impairment and Restructuring Charges | ' | |||||||
Total impairment and restructuring charges for the years ended December 31, 2013 and 2012 were as follows (in thousands): | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
Brazil | $ | 24,515 | $ | 2,437 | ||||
Mexico | 39,057 | 439 | ||||||
Argentina | 7,908 | 73 | ||||||
Chile | 36,004 | 299,366 | ||||||
Corporate | 63,563 | 27,452 | ||||||
Total impairment and restructuring charges | $ | 171,047 | $ | 329,767 | ||||
Discontinued_Operations_Tables
Discontinued Operations (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
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 Peru were as follows (in thousands): | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Operating revenues | $ | 204,982 | $ | 343,341 | $ | 354,129 | ||||||
Operating expenses | (239,915 | ) | (441,222 | ) | (389,163 | ) | ||||||
Other expense, net | (1,501 | ) | (5,924 | ) | (9,481 | ) | ||||||
Loss before income tax provision | (36,434 | ) | (103,805 | ) | (44,515 | ) | ||||||
Income tax (provision) benefit | (900 | ) | (63,965 | ) | 7,017 | |||||||
(37,334 | ) | (167,770 | ) | (37,498 | ) | |||||||
Loss on disposal of Nextel Peru | (2,848 | ) | — | — | ||||||||
Loss from discontinued operations, net of income taxes | $ | (40,182 | ) | $ | (167,770 | ) | $ | (37,498 | ) | |||
The components of assets and liabilities classified as held for sale as of December 31, 2012 consisted of the following (in thousands): | ||||||||||||
31-Dec-12 | ||||||||||||
ASSETS | ||||||||||||
Cash and cash equivalents | $ | 12,318 | ||||||||||
Accounts receivable, less allowance for doubtful accounts of $4,245 | 31,278 | |||||||||||
Handset and accessory inventory | 26,375 | |||||||||||
Prepaid expenses and other | 27,422 | |||||||||||
Property, plant and equipment, net | 353,676 | |||||||||||
Intangible assets, net | 39,290 | |||||||||||
Other assets | 7,334 | |||||||||||
Total assets | $ | 497,693 | ||||||||||
LIABILITIES | ||||||||||||
Accounts payable | $ | 61,365 | ||||||||||
Accrued expenses and other | 45,995 | |||||||||||
Deferred revenues | 17,346 | |||||||||||
Current portion of long-term debt | 3,205 | |||||||||||
Long-term debt | 3,453 | |||||||||||
Other long-term liabilities | 9,282 | |||||||||||
Total liabilities | $ | 140,646 | ||||||||||
Property_Plant_and_Equipment_T
Property, Plant and Equipment (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Property, Plant and Equipment [Abstract] | ' | |||||||
Property, Plant and Equipment Components | ' | |||||||
The components of our property, plant and equipment are as follows: | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
(in thousands) | ||||||||
Land | $ | 9,652 | $ | 10,505 | ||||
Building and leasehold improvements | 193,376 | 201,227 | ||||||
Digital mobile network equipment, communication towers and network software | 4,829,134 | 4,406,690 | ||||||
Office equipment, furniture and fixtures and other | 785,242 | 783,370 | ||||||
Corporate aircraft capital lease | 42,747 | 42,747 | ||||||
Less: Accumulated depreciation and amortization | (2,995,667 | ) | (2,684,635 | ) | ||||
2,864,484 | 2,759,904 | |||||||
Construction in progress | 523,576 | 771,367 | ||||||
$ | 3,388,060 | $ | 3,531,271 | |||||
Intangible_Assets_Tables
Intangible Assets (Tables) | 12 Months Ended | |||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||
Finite-Lived Intangible Assets, Net [Abstract] | ' | |||||||||||||||||||||||
Intangible Assets | ' | |||||||||||||||||||||||
Our intangible assets include the following: | ||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||||||||||
Gross Carrying | Accumulated | Net Carrying | Gross Carrying | Accumulated | Net Carrying | |||||||||||||||||||
Value | Amortization | Value | Value | Amortization | Value | |||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Amortizable intangible assets: | ||||||||||||||||||||||||
Licenses | $ | 1,220,990 | $ | (245,321 | ) | $ | 975,669 | $ | 1,299,433 | $ | (192,051 | ) | $ | 1,107,382 | ||||||||||
Total amortizable intangible assets | $ | 1,220,990 | $ | (245,321 | ) | $ | 975,669 | $ | 1,299,433 | $ | (192,051 | ) | $ | 1,107,382 | ||||||||||
Estimated Amortization Expense | ' | |||||||||||||||||||||||
Based on the carrying amount of intangible assets as of December 31, 2013 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 | |||||||||||||||||||||||
2014 | $ | 81,216 | ||||||||||||||||||||||
2015 | 81,216 | |||||||||||||||||||||||
2016 | 81,216 | |||||||||||||||||||||||
2017 | 81,216 | |||||||||||||||||||||||
2018 | 81,216 | |||||||||||||||||||||||
Balance_Sheet_Details_Tables
Balance Sheet Details (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Balance Sheet Related Disclosures [Abstract] | ' | |||||||
Schedule of Prepaid Assets and Other Disclosure [Table Text Block] | ' | |||||||
Prepaid Expenses and Other. | ||||||||
The components are as follows: | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
(in thousands) | ||||||||
Prepaid value-added taxes | $ | 237,119 | $ | 230,899 | ||||
Prepaid income taxes | 59,054 | 111,087 | ||||||
Other prepaid assets | 97,421 | 112,571 | ||||||
Other current assets | 42,506 | 33,534 | ||||||
$ | 436,100 | $ | 488,091 | |||||
Accrued Expenses and Other | ' | |||||||
Accrued Expenses and Other. | ||||||||
The components are as follows: | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
(in thousands) | ||||||||
Capital expenditures | $ | 290,484 | $ | 300,905 | ||||
Non-income based taxes | 114,360 | 154,126 | ||||||
Network system and information technology | 92,109 | 97,443 | ||||||
Payroll related items and commissions | 92,852 | 88,843 | ||||||
Accrued interest | 128,509 | 73,135 | ||||||
Other | 254,220 | 255,341 | ||||||
$ | 972,534 | $ | 969,793 | |||||
Debt_Tables
Debt (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Debt [Abstract] | ' | |||||||
Debt | ' | |||||||
December 31, | ||||||||
2013 | 2012 | |||||||
(in thousands) | ||||||||
NII Capital Corp. senior notes, net | $ | 2,729,321 | $ | 2,725,303 | ||||
NII International Telecom, S.C.A. senior notes, net | 1,609,962 | — | ||||||
Equipment financing | 653,557 | 557,043 | ||||||
Bank loans | 444,268 | 1,190,980 | ||||||
Capital lease and tower financing obligations | 352,462 | 346,879 | ||||||
Brazil import financing | — | 37,422 | ||||||
Other | 3,901 | 1,917 | ||||||
Total debt | 5,793,471 | 4,859,544 | ||||||
Less: current portion | (96,839 | ) | (94,039 | ) | ||||
$ | 5,696,632 | $ | 4,765,505 | |||||
Redemption Prices Prior to Maturity | ' | |||||||
At any time on or after August 15, 2013 and prior to maturity, the notes will be redeemable, in whole or in part, at the redemption prices presented below (expressed as percentages of principal amount), plus accrued and unpaid interest to the redemption date if redeemed during the 12-month period beginning on August 15 of the applicable year: | ||||||||
Year | Redemption Price | |||||||
2013 | 105.00% | |||||||
2014 | 102.50% | |||||||
2015 and thereafter | 100.00% | |||||||
NIIT may redeem any of the notes, in whole or in part, at any time on or after February 15, 2017 at the redemption prices presented below (expressed as percentages of the principal amount), plus accrued and unpaid interest, if any, to the date of redemption: | ||||||||
Year | Redemption Price | |||||||
2017 | 103.94% | |||||||
2018 | 101.97% | |||||||
2019 | 100.00% | |||||||
At any time on or after December 15, 2014 and prior to maturity, the notes will be redeemable, in whole or in part, at the redemption prices presented below (expressed as percentages of principal amount), plus accrued and unpaid interest to the redemption date if redeemed during the 12-month period beginning on December 15 of the applicable year: | ||||||||
Year | Redemption Price | |||||||
2014 | 104.44% | |||||||
2015 | 102.96% | |||||||
2016 | 101.48% | |||||||
2017 and thereafter | 100.00% | |||||||
At any time on or after April 1, 2016 and prior to maturity, the notes will be redeemable, in whole or in part, at the redemption prices presented below (expressed as percentages of principal amount), plus accrued and unpaid interest to the redemption date if redeemed during the 12-month period beginning on April 1 of the applicable year: | ||||||||
Year | Redemption | |||||||
Price | ||||||||
2016 | 103.81% | |||||||
2017 | 102.54% | |||||||
2018 | 101.27% | |||||||
2019 and thereafter | 100.00% | |||||||
NIIT may redeem any of the notes, in whole or in part, at any time on or after February 15, 2017 at the redemption prices presented below (expressed as percentages of the principal amount), plus accrued and unpaid interest, if any, to the date of redemption: | ||||||||
Year | Redemption Price | |||||||
2017 | 105.69% | |||||||
2018 | 102.84% | |||||||
2019 | 100.00% | |||||||
Annual Maturities of Long Term Debt Outstanding | ' | |||||||
Debt Maturities. For the years subsequent to December 31, 2013, scheduled annual maturities of all debt outstanding as of December 31, 2013 are as follows (in thousands): | ||||||||
Year | Principal Repayments | |||||||
2014 | $ | 96,839 | ||||||
2015 | 201,962 | |||||||
2016 | 1,030,987 | |||||||
2017 | 237,887 | |||||||
2018 | 170,840 | |||||||
Thereafter | 4,065,673 | |||||||
Total | $ | 5,804,188 | ||||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Fair Value Measurements | ' | |||||||||||||||
Debt | ' | |||||||||||||||
The carrying amounts and estimated fair values of our long-term debt instruments at December 31, 2013 and 2012 are as follows: | ||||||||||||||||
December 31, | ||||||||||||||||
2013 | 2012 | |||||||||||||||
Carrying | Estimated | Carrying | Estimated | |||||||||||||
Amount | Fair Value | Amount | Fair Value | |||||||||||||
(in thousands) | ||||||||||||||||
NII Capital Corp. senior notes, net | $ | 2,729,321 | $ | 1,227,950 | $ | 2,725,303 | $ | 2,256,070 | ||||||||
NII International Telecom, S.C.A. senior notes, net | 1,609,962 | 1,271,370 | — | — | ||||||||||||
Bank loans and other | 448,169 | 373,796 | 1,230,319 | 1,194,875 | ||||||||||||
Equipment financing | 653,557 | 620,173 | 557,043 | 494,284 | ||||||||||||
$ | 5,441,009 | $ | 3,493,289 | $ | 4,512,665 | $ | 3,945,229 | |||||||||
Commitments_and_Contingencies_
Commitments and Contingencies (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Commitments and Contingencies [Abstract] | ' | |||||||||||
Future Minimum Payments for Capital and Operating Lease Obligations | ' | |||||||||||
For years subsequent to December 31, 2013, 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 | Operating | Total | ||||||||||
Leases | Leases | |||||||||||
2014 | $ | 55,666 | $ | 294,307 | $ | 349,973 | ||||||
2015 | 55,630 | 283,370 | 339,000 | |||||||||
2016 | 55,149 | 267,095 | 322,244 | |||||||||
2017 | 54,496 | 251,125 | 305,621 | |||||||||
2018 | 53,264 | 227,074 | 280,338 | |||||||||
Thereafter | 321,618 | 429,900 | 751,518 | |||||||||
Total minimum lease payments | 595,823 | 1,752,871 | 2,348,694 | |||||||||
Less: imputed interest | (362,117 | ) | — | (362,117 | ) | |||||||
Total | $ | 233,706 | $ | 1,752,871 | $ | 1,986,577 | ||||||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Income Taxes [Abstract] | ' | |||||||||||
Schedule Of Income From Continuing Operations Before Income Taxes (Text Block) | ' | |||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
U.S. | $ | (378,942 | ) | $ | (313,716 | ) | $ | (284,164 | ) | |||
Non-U.S. | (784,423 | ) | (125,619 | ) | 898,064 | |||||||
Total | $ | (1,163,365 | ) | $ | (439,335 | ) | $ | 613,900 | ||||
Income Tax Provision | ' | |||||||||||
The components of the income tax provision from continuing operations are as follows (in thousands): | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Current: | ||||||||||||
Federal | $ | — | $ | 727 | $ | — | ||||||
State, net of Federal tax benefit | — | — | — | |||||||||
Foreign | (63,982 | ) | (176,748 | ) | (363,900 | ) | ||||||
Total current income tax provision | (63,982 | ) | (176,021 | ) | (363,900 | ) | ||||||
Deferred: | ||||||||||||
Federal | (1,310 | ) | 895 | 7,906 | ||||||||
State, net of Federal tax benefit | (146 | ) | 100 | 880 | ||||||||
Foreign | (380,614 | ) | 16,882 | 3,908 | ||||||||
Total deferred income tax (provision) benefit | (382,070 | ) | 17,877 | 12,694 | ||||||||
Total income tax provision | $ | (446,052 | ) | $ | (158,144 | ) | $ | (351,206 | ) | |||
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 income from continuing operations before income tax provision is as follows: | ||||||||||||
Year Ended | ||||||||||||
December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Statutory Federal tax rate | 35% | 35% | 35% | |||||||||
Effect of foreign operations | -5 | -19 | 1 | |||||||||
Change in deferred tax asset valuation allowance | -72 | -53 | 21 | |||||||||
Intercompany transactions | -2 | -1 | — | |||||||||
Tax on subpart F income | — | -2 | 2 | |||||||||
Withholding tax | -2 | -7 | 5 | |||||||||
Tax — deductible dividends | 3 | 7 | -5 | |||||||||
Inflation adjustments | 1 | 3 | -3 | |||||||||
Income tax credits | — | 1 | -1 | |||||||||
Loss on Mexican fixed asset dispositions | — | — | 2 | |||||||||
Local statutory investment loss | 5 | — | — | |||||||||
Other nondeductible expenses | -1 | -2 | 2 | |||||||||
Other | — | 2 | -2 | |||||||||
Effective tax rate | -38% | -36% | 57% | |||||||||
Deferred Tax Assets and Liabilities | ' | |||||||||||
Significant components of our deferred tax assets and liabilities consist of the following: | ||||||||||||
December 31, | ||||||||||||
2013 | 2012 | |||||||||||
(in thousands) | ||||||||||||
Deferred tax assets: | ||||||||||||
Net operating losses and capital loss carryforwards | $ | 4,078,428 | $ | 506,553 | ||||||||
Allowance for doubtful accounts | 35,939 | 54,628 | ||||||||||
Accrued expenses | 153,229 | 160,287 | ||||||||||
Accrual for contingent liabilities | 22,117 | 22,525 | ||||||||||
Property, plant and equipment | 73,073 | 248,169 | ||||||||||
Capital lease obligations | 300,141 | 67,400 | ||||||||||
Deferred revenue | 35,179 | 34,234 | ||||||||||
Equity compensation | 71,139 | 81,238 | ||||||||||
Inventory reserve | 22,621 | 19,289 | ||||||||||
Other | 41,116 | 14,978 | ||||||||||
4,832,982 | 1,209,301 | |||||||||||
Valuation allowance | (4,533,910 | ) | (508,101 | ) | ||||||||
Total deferred tax asset | 299,072 | 701,200 | ||||||||||
Deferred tax liabilities: | ||||||||||||
Intangible assets | 48,162 | 51,418 | ||||||||||
Unremitted foreign earnings | 54,386 | 54,360 | ||||||||||
Deferred revenue | 44,126 | 49,758 | ||||||||||
Property, plant and equipment | 96,613 | 48,857 | ||||||||||
Other | 12,388 | 14,619 | ||||||||||
Total deferred tax liability | 255,675 | 219,012 | ||||||||||
Net deferred tax asset | $ | 43,397 | $ | 482,188 | ||||||||
Deferred Tax Asset Valuation Allowance | ' | |||||||||||
The following table shows the deferred tax asset valuation allowances that our subsidiaries and holding companies had as of December 31, 2013 and 2012: | ||||||||||||
2013 | 2012 | |||||||||||
(in millions) | ||||||||||||
Brazil | $ | 419.1 | $ | 36.2 | ||||||||
Chile | 198 | 177.4 | ||||||||||
U.S. | 363.8 | 233.2 | ||||||||||
Peru | — | 31.3 | ||||||||||
Luxembourg | 3,131.40 | 26.8 | ||||||||||
Mexico | 190.7 | 0.8 | ||||||||||
Spain | 230.9 | 2.4 | ||||||||||
Total | $ | 4,533.90 | $ | 508.1 | ||||||||
Unrecognized Tax Benefits | ' | |||||||||||
The following table shows a reconciliation of our unrecognized tax benefits according to the FASB’s authoritative guidance on accounting for uncertainty in income taxes, as of December 31, 2013, 2012 and 2011 (in thousands): | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Unrecognized tax benefits at January 1 | $ | 35,639 | $ | 35,572 | $ | 102,880 | ||||||
Additions for current year tax positions | — | 3,118 | 2,896 | |||||||||
Additions for prior year tax positions | — | — | — | |||||||||
Reductions for current year tax positions | — | (551 | ) | — | ||||||||
Reductions for prior year tax positions | (26,519 | ) | (2,197 | ) | (60,501 | ) | ||||||
Lapse of statute of limitations | — | — | (1,392 | ) | ||||||||
Settlements with taxing authorities | — | — | — | |||||||||
Foreign currency translation adjustment | (434 | ) | (303 | ) | (8,311 | ) | ||||||
Unrecognized tax benefits at December 31 | $ | 8,686 | $ | 35,639 | $ | 35,572 | ||||||
Employee_Stock_and_Benefit_Pla1
Employee Stock and Benefit Plans (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
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, 2013: | ||||||||||||||
Number of | Weighted Average | Weighted Average | Aggregate Intrinsic | |||||||||||
Options | Exercise Price | Remaining Life | Value | |||||||||||
per Option | ||||||||||||||
Outstanding, December 31, 2012 | 13,961,759 | $ | 39.21 | |||||||||||
Granted | 1,475,969 | 8.28 | ||||||||||||
Exercised | — | — | ||||||||||||
Forfeited | (4,177,860 | ) | 36.44 | |||||||||||
Outstanding, December 31, 2013 | 11,259,868 | 36.2 | 5.23 | $ | 67,800 | |||||||||
Exercisable, December 31, 2013 | 8,706,525 | 43.23 | 4.14 | — | ||||||||||
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 $4.64 for each option granted during the year ended December 31, 2013, $7.31 for each option granted during the year ended December 31, 2012 and $17.62 for each option granted during the year ended December 31, 2011 based on the following assumptions: | ||||||||||||||
2013 | 2012 | 2011 | ||||||||||||
Risk free interest rate | 0.63% - 1.49% | 0.62% - 0.95% | 1.82% - 2.05% | |||||||||||
Expected stock price volatility | 56.56% - 69.53% | 50.00% - 56.56% | 49.85% - 50.00% | |||||||||||
Expected term in years | 4.78 - 4.81 | 4.65 - 4.78 | 4.65 - 4.76 | |||||||||||
Expected dividend yield | — | — | — | |||||||||||
Summary of the Status of Non-Vested Restricted Stock Awards | ' | |||||||||||||
Following is a summary of our restricted stock: | ||||||||||||||
Number of | Weighted Average | |||||||||||||
Shares | Grant Date | |||||||||||||
Fair Value | ||||||||||||||
Per Share | ||||||||||||||
Restricted stock awards as of December 31, 2012 | 2,971,757 | $21.95 | ||||||||||||
Granted | 3,024,472 | 8.69 | ||||||||||||
Vested | (1,051,863 | ) | 24.15 | |||||||||||
Forfeited | (1,024,881 | ) | 16.44 | |||||||||||
Restricted stock awards as of December 31, 2013 | 3,919,485 | 12.99 | ||||||||||||
Segment_Information_Tables
Segment Information (Tables) | 12 Months Ended | |||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||||||||||||
Segment Reporting Information | ' | |||||||||||||||||||||||
Brazil | Mexico | Argentina | Chile | Corporate and Eliminations | Consolidated | |||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Year Ended December 31, 2013 | ||||||||||||||||||||||||
Operating revenues | $ | 2,208,034 | $ | 1,872,697 | $ | 636,448 | $ | 72,677 | $ | (17,292 | ) | $ | 4,772,564 | |||||||||||
Segment earnings (losses) | $ | 311,129 | $ | 179,896 | $ | 179,418 | $ | (134,057 | ) | $ | (177,850 | ) | $ | 358,536 | ||||||||||
Less: | ||||||||||||||||||||||||
Impairment and restructuring charges | (171,047 | ) | ||||||||||||||||||||||
Depreciation and amortization | (698,347 | ) | ||||||||||||||||||||||
Foreign currency transaction losses, net | (143,745 | ) | ||||||||||||||||||||||
Interest expense and other, net | (508,762 | ) | ||||||||||||||||||||||
Loss before income tax provision | $ | (1,163,365 | ) | |||||||||||||||||||||
Capital expenditures | $ | 461,458 | $ | 375,522 | $ | 21,183 | $ | 10,854 | $ | 13,931 | $ | 882,948 | ||||||||||||
Year Ended December 31, 2012 | ||||||||||||||||||||||||
Operating revenues | $ | 2,902,350 | $ | 2,109,573 | $ | 685,201 | $ | 49,886 | $ | (3,888 | ) | $ | 5,743,122 | |||||||||||
Segment earnings (losses) | $ | 674,632 | $ | 561,059 | $ | 180,956 | $ | (173,229 | ) | $ | (289,485 | ) | $ | 953,933 | ||||||||||
Less: | ||||||||||||||||||||||||
Impairment and restructuring | (329,767 | ) | ||||||||||||||||||||||
Depreciation and amortization | (649,545 | ) | ||||||||||||||||||||||
Foreign currency transaction losses, net | (53,957 | ) | ||||||||||||||||||||||
Interest expense and other, net | (359,999 | ) | ||||||||||||||||||||||
Loss before income tax provision | $ | (439,335 | ) | |||||||||||||||||||||
Capital expenditures | $ | 632,796 | $ | 523,555 | $ | 56,825 | $ | 115,421 | $ | 92,520 | $ | 1,421,117 | ||||||||||||
Year Ended December 31, 2011 | ||||||||||||||||||||||||
Operating revenues | $ | 3,456,758 | $ | 2,249,447 | $ | 648,926 | $ | 27,103 | $ | (1,417 | ) | $ | 6,380,817 | |||||||||||
Segment earnings (losses) | $ | 1,047,297 | $ | 747,247 | $ | 168,790 | $ | (74,613 | ) | $ | (333,971 | ) | $ | 1,554,750 | ||||||||||
Less: | ||||||||||||||||||||||||
Depreciation and amortization | (588,164 | ) | ||||||||||||||||||||||
Foreign currency transaction losses, net | (37,297 | ) | ||||||||||||||||||||||
Interest expense and other, net | (315,389 | ) | ||||||||||||||||||||||
Income before income tax provision | $ | 613,900 | ||||||||||||||||||||||
Capital expenditures | $ | 656,498 | $ | 387,345 | $ | 86,363 | $ | 115,479 | $ | 99,020 | $ | 1,344,705 | ||||||||||||
31-Dec-13 | ||||||||||||||||||||||||
Identifiable assets | $ | 3,705,642 | $ | 2,695,091 | $ | 451,041 | $ | 169,062 | $ | 1,659,118 | $ | 8,679,954 | ||||||||||||
31-Dec-12 | ||||||||||||||||||||||||
Identifiable assets | $ | 4,191,668 | $ | 2,458,361 | $ | 484,343 | $ | 199,365 | $ | 1,889,341 | $ | 9,223,078 | ||||||||||||
Quarterly_Financial_Data_Unaud1
Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | |||||||||||||||
Quarterly Financial Data | ' | |||||||||||||||
First | Second | Third | Fourth | |||||||||||||
(in thousands, except per share amounts) | ||||||||||||||||
2013 | ||||||||||||||||
Operating revenues | $ | 1,330,839 | $ | 1,259,560 | $ | 1,101,265 | $ | 1,080,900 | ||||||||
Operating loss | (79,516 | ) | (82,005 | ) | (162,757 | ) | (186,580 | ) | ||||||||
Net loss from continuing operations | (185,820 | ) | (384,856 | ) | (293,131 | ) | (745,610 | ) | ||||||||
Net loss from discontinued operations | (21,684 | ) | (11,495 | ) | (6,810 | ) | (193 | ) | ||||||||
Net loss from continuing operations, per common share, basic and diluted | $ | (1.08 | ) | $ | (2.23 | ) | $ | (1.70 | ) | $ | (4.33 | ) | ||||
Net loss from discontinued operations, per common share, basic and diluted | $ | (0.13 | ) | $ | (0.07 | ) | $ | (0.04 | ) | $ | — | |||||
First | Second | Third | Fourth | |||||||||||||
(in thousands, except per share amounts) | ||||||||||||||||
2012 | ||||||||||||||||
Operating revenues | $ | 1,544,359 | $ | 1,409,424 | $ | 1,407,367 | $ | 1,381,972 | ||||||||
Operating income (loss) | 196,786 | 63,719 | 60,254 | (346,138 | ) | |||||||||||
Net income (loss) from continuing operations | 25,851 | (85,266 | ) | (61,678 | ) | (476,386 | ) | |||||||||
Net loss from discontinued operations | (12,262 | ) | (18,245 | ) | (20,740 | ) | (116,523 | ) | ||||||||
Net income (loss) from continuing operations, per common share, basic and diluted | $ | 0.15 | $ | (0.50 | ) | $ | (0.36 | ) | $ | (2.77 | ) | |||||
Net loss from discontinued operations, per common share, basic and diluted | $ | (0.07 | ) | $ | (0.10 | ) | $ | (0.12 | ) | $ | (0.68 | ) |
Condensed_Consolidating_Financ1
Condensed Consolidating Financial Statements (Tables) | 12 Months Ended | |||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||
Condensed Consolidating Financial Statements | ' | |||||||||||||||||||||||
Condensed Consolidating Balance Sheet | ' | |||||||||||||||||||||||
CONDENSED CONSOLIDATING BALANCE SHEET | ||||||||||||||||||||||||
As of December 31, 2013 | ||||||||||||||||||||||||
NII Holdings, | NII Capital | Guarantor | Non- | Consolidating | Consolidated | |||||||||||||||||||
Inc. (Parent and Guarantor) | Corp. (Issuer)(1) | Subsidiaries(2) | Guarantor | Adjustments | ||||||||||||||||||||
Subsidiaries | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||
Current assets | ||||||||||||||||||||||||
Cash and cash equivalents | $ | 356,314 | $ | — | $ | 5,586 | $ | 1,371,883 | $ | — | $ | 1,733,783 | ||||||||||||
Short-term investments | — | — | — | 585,760 | — | 585,760 | ||||||||||||||||||
Accounts receivable, net | — | — | 627 | 521,936 | — | 522,563 | ||||||||||||||||||
Short-term intercompany receivables | 31,803 | 129,810 | 72,595 | 4,779 | (238,987 | ) | — | |||||||||||||||||
Handset and accessory inventory | — | — | — | 342,585 | — | 342,585 | ||||||||||||||||||
Deferred income taxes, net | — | — | 1,145 | 126,250 | — | 127,395 | ||||||||||||||||||
Prepaid expenses and other | 6,832 | — | 7,914 | 421,354 | — | 436,100 | ||||||||||||||||||
Total current assets | 394,949 | 129,810 | 87,867 | 3,374,547 | (238,987 | ) | 3,748,186 | |||||||||||||||||
Property, plant and equipment, | — | — | 130,729 | 3,257,618 | (287 | ) | 3,388,060 | |||||||||||||||||
net | ||||||||||||||||||||||||
Investments in and advances to | 1,867,753 | 1,503,202 | 1,562,080 | — | (4,933,035 | ) | — | |||||||||||||||||
affiliates | ||||||||||||||||||||||||
Intangible assets, net | 18,000 | — | — | 975,669 | — | 993,669 | ||||||||||||||||||
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 | 446,006 | — | 523,326 | ||||||||||||||||||
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 | $ | 368,329 | $ | — | $ | 369,056 | ||||||||||||
Short-term intercompany payables | 464,798 | 132,007 | 1,485,835 | 159,322 | (2,241,962 | ) | — | |||||||||||||||||
Accrued expenses and other | — | 59,490 | 26,089 | 887,177 | (222 | ) | 972,534 | |||||||||||||||||
Deferred revenues | — | — | — | 128,148 | — | 128,148 | ||||||||||||||||||
Current portion of long-term debt | — | — | 1,871 | 94,968 | — | 96,839 | ||||||||||||||||||
Deposits related to 2013 sale of towers | — | — | — | 720,013 | — | 720,013 | ||||||||||||||||||
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 revenues | — | — | — | 11,238 | — | 11,238 | ||||||||||||||||||
Deferred 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 | 180,539 | — | 221,116 | ||||||||||||||||||
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 | $ | 3,800,766 | $ | 5,380,328 | $ | 2,497,739 | $ | 8,081,910 | $ | (11,080,789 | ) | $ | 8,679,954 | |||||||||||
stockholders’ equity | ||||||||||||||||||||||||
_______________________________________ | ||||||||||||||||||||||||
-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, 2012 | ||||||||||||||||||||||||
NII Holdings, | NII Capital | Guarantor | Non- | Consolidating | Consolidated | |||||||||||||||||||
Inc. (Parent and Guarantor) | Corp. (Issuer) | Subsidiaries | Guarantor | Adjustments | ||||||||||||||||||||
Subsidiaries | ||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||
Current assets | ||||||||||||||||||||||||
Cash and cash equivalents | $ | 735,022 | $ | — | $ | 6,469 | $ | 629,682 | $ | — | $ | 1,371,173 | ||||||||||||
Short-term investments | — | — | — | 204,834 | — | 204,834 | ||||||||||||||||||
Accounts receivable, net | — | — | 1,820 | 672,639 | — | 674,459 | ||||||||||||||||||
Short-term intercompany receivables | 19,716 | 79,899 | 39,126 | 6,564 | (145,305 | ) | — | |||||||||||||||||
Handset and accessory inventory | — | — | — | 323,329 | — | 323,329 | ||||||||||||||||||
Deferred income taxes, net | — | — | 4,947 | 174,539 | (3,733 | ) | 175,753 | |||||||||||||||||
Prepaid expenses and other | 6,617 | — | 10,001 | 471,473 | — | 488,091 | ||||||||||||||||||
Assets held for sale | — | — | — | 97,393 | — | 97,393 | ||||||||||||||||||
Total current assets | 761,355 | 79,899 | 62,363 | 2,580,453 | (149,038 | ) | 3,335,032 | |||||||||||||||||
Property, plant and equipment, | — | — | 223,888 | 3,307,670 | (287 | ) | 3,531,271 | |||||||||||||||||
net | ||||||||||||||||||||||||
Investments in and advances to | 2,717,391 | 2,291,545 | 2,388,414 | — | (7,397,350 | ) | — | |||||||||||||||||
affiliates | ||||||||||||||||||||||||
Intangible assets, net | 18,000 | — | — | 1,107,382 | — | 1,125,382 | ||||||||||||||||||
Deferred income taxes, net | 13,683 | — | — | 367,181 | (13,683 | ) | 367,181 | |||||||||||||||||
Long-term intercompany | 2,377,065 | 3,762,924 | 735,842 | 166,075 | (7,041,906 | ) | — | |||||||||||||||||
receivables | ||||||||||||||||||||||||
Other assets | 16,280 | 38,942 | 22,356 | 386,334 | — | 463,912 | ||||||||||||||||||
Assets held for sale | — | — | — | 400,300 | — | 400,300 | ||||||||||||||||||
Total assets | $ | 5,903,774 | $ | 6,173,310 | $ | 3,432,863 | $ | 8,315,395 | $ | (14,602,264 | ) | $ | 9,223,078 | |||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||||||||||||||||||
Current liabilities | ||||||||||||||||||||||||
Accounts payable | $ | — | $ | — | $ | 5,927 | $ | 418,250 | $ | — | $ | 424,177 | ||||||||||||
Short-term intercompany payables | 597,678 | 132,136 | 1,555,745 | 488,730 | (2,774,289 | ) | — | |||||||||||||||||
Accrued expenses and other | 3,734 | 59,490 | 28,760 | 881,416 | (3,607 | ) | 969,793 | |||||||||||||||||
Deferred revenues | — | — | 22 | 144,083 | — | 144,105 | ||||||||||||||||||
Current portion of long-term debt | — | — | 12,851 | 81,188 | — | 94,039 | ||||||||||||||||||
Liabilities held for sale | — | — | — | 127,911 | — | 127,911 | ||||||||||||||||||
Total current liabilities | 601,412 | 191,626 | 1,603,305 | 2,141,578 | (2,777,896 | ) | 1,760,025 | |||||||||||||||||
Long-term debt | 23 | 2,725,303 | 39,493 | 2,000,686 | — | 4,765,505 | ||||||||||||||||||
Deferred revenues | — | — | — | 14,007 | — | 14,007 | ||||||||||||||||||
Deferred tax liabilities | — | 2,950 | 11,945 | 56,977 | (13,683 | ) | 58,189 | |||||||||||||||||
Long-term intercompany | 2,953,495 | — | 8,778 | 1,452,125 | (4,414,398 | ) | — | |||||||||||||||||
payables | ||||||||||||||||||||||||
Other long-term liabilities | 32,395 | — | 14,900 | 248,873 | — | 296,168 | ||||||||||||||||||
Liabilities held for sale | — | — | — | 12,735 | — | 12,735 | ||||||||||||||||||
Total liabilities | 3,587,325 | 2,919,879 | 1,678,421 | 5,926,981 | (7,205,977 | ) | 6,906,629 | |||||||||||||||||
Total stockholders’ equity | 2,316,449 | 3,253,431 | 1,754,442 | 2,388,414 | (7,396,287 | ) | 2,316,449 | |||||||||||||||||
Total liabilities and stockholders’ equity | $ | 5,903,774 | $ | 6,173,310 | $ | 3,432,863 | $ | 8,315,395 | $ | (14,602,264 | ) | $ | 9,223,078 | |||||||||||
Condensed Consolidating Statement Of Operations | ' | |||||||||||||||||||||||
For the Year Ended December 31, 2013 | ||||||||||||||||||||||||
NII Holdings, | NII Capital | Guarantor | Non- | Consolidating | Consolidated | |||||||||||||||||||
Inc. (Parent and Guarantor) | Corp. (Issuer) | Subsidiaries | Guarantor | Adjustments | ||||||||||||||||||||
Subsidiaries | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Operating revenues | $ | — | $ | — | $ | 3,114 | $ | 4,772,522 | $ | (3,072 | ) | $ | 4,772,564 | |||||||||||
Operating expenses | ||||||||||||||||||||||||
Cost of revenues (exclusive of | — | — | — | 2,383,955 | — | 2,383,955 | ||||||||||||||||||
depreciation and amortization | ||||||||||||||||||||||||
included below) | ||||||||||||||||||||||||
Selling, general and administrative | 3,136 | — | 167,180 | 1,751,400 | (8,262 | ) | 1,913,454 | |||||||||||||||||
Provision for doubtful accounts | — | — | — | 116,619 | — | 116,619 | ||||||||||||||||||
Impairment and restructuring | — | — | 97,063 | 73,984 | — | 171,047 | ||||||||||||||||||
charges | ||||||||||||||||||||||||
Management fee and other | — | — | (75,116 | ) | 106,264 | (31,148 | ) | — | ||||||||||||||||
Depreciation and amortization | — | — | 28,055 | 670,292 | — | 698,347 | ||||||||||||||||||
3,136 | — | 217,182 | 5,102,514 | (39,410 | ) | 5,283,422 | ||||||||||||||||||
Operating loss | (3,136 | ) | — | (214,068 | ) | (329,992 | ) | 36,338 | (510,858 | ) | ||||||||||||||
Other income (expense) | ||||||||||||||||||||||||
Interest expense, net | (562 | ) | (240,132 | ) | (1,379 | ) | (297,086 | ) | — | (539,159 | ) | |||||||||||||
Intercompany interest expense | (234,799 | ) | — | (59 | ) | (51,740 | ) | 286,598 | — | |||||||||||||||
Interest income | 913 | — | 9 | 42,457 | — | 43,379 | ||||||||||||||||||
Intercompany interest income | 1,340 | 284,709 | 549 | — | (286,598 | ) | — | |||||||||||||||||
Foreign currency transaction | — | — | — | (143,745 | ) | — | (143,745 | ) | ||||||||||||||||
losses, net | ||||||||||||||||||||||||
Equity in loss of affiliates | (1,473,856 | ) | (1,274,274 | ) | (1,269,438 | ) | — | 4,017,568 | — | |||||||||||||||
Other income (expense), net | 36,017 | — | 612 | (13,273 | ) | (36,338 | ) | (12,982 | ) | |||||||||||||||
(1,670,947 | ) | (1,229,697 | ) | (1,269,706 | ) | (463,387 | ) | 3,981,230 | (652,507 | ) | ||||||||||||||
Loss from continuing operations before income tax benefit (provision) | (1,674,083 | ) | (1,229,697 | ) | (1,483,774 | ) | (793,379 | ) | 4,017,568 | (1,163,365 | ) | |||||||||||||
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 | ) | (1,229,256 | ) | 4,017,568 | (1,609,417 | ) | |||||||||||||
Loss from discontinued operations, net of income taxes | — | — | — | (40,182 | ) | — | (40,182 | ) | ||||||||||||||||
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, | NII Capital | Guarantor | Non- | Consolidating | Consolidated | |||||||||||||||||||
Inc. (Parent and Guarantor) | Corp. (Issuer) | Subsidiaries | Guarantor | Adjustments | ||||||||||||||||||||
Subsidiaries | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Operating revenues | $ | — | $ | — | $ | 3,071 | $ | 5,744,605 | $ | (4,554 | ) | $ | 5,743,122 | |||||||||||
Operating expenses | ||||||||||||||||||||||||
Cost of revenues (exclusive of | — | — | 73 | 2,405,596 | (1,483 | ) | 2,404,186 | |||||||||||||||||
depreciation and amortization | ||||||||||||||||||||||||
included below) | ||||||||||||||||||||||||
Selling, general and administrative | 3,180 | 2 | 309,680 | 1,867,799 | (12,973 | ) | 2,167,688 | |||||||||||||||||
Provision for doubtful accounts | — | — | — | 217,315 | — | 217,315 | ||||||||||||||||||
Impairments and restructuring | — | — | — | 329,767 | — | 329,767 | ||||||||||||||||||
charges | ||||||||||||||||||||||||
Management fee and other | — | — | (126,971 | ) | 225,202 | (98,231 | ) | — | ||||||||||||||||
Depreciation and amortization | — | — | 36,079 | 613,466 | — | 649,545 | ||||||||||||||||||
3,180 | 2 | 218,861 | 5,659,145 | (112,687 | ) | 5,768,501 | ||||||||||||||||||
Operating (loss) income | (3,180 | ) | (2 | ) | (215,790 | ) | 85,460 | 108,133 | (25,379 | ) | ||||||||||||||
Other income (expense) | ||||||||||||||||||||||||
Interest expense, net | (23,646 | ) | (229,652 | ) | (2,072 | ) | (110,151 | ) | — | (365,521 | ) | |||||||||||||
Intercompany interest expense | (215,501 | ) | — | — | (84,203 | ) | 299,704 | — | ||||||||||||||||
Interest income | 15,292 | 24,181 | 801 | (6,412 | ) | — | 33,862 | |||||||||||||||||
Intercompany interest income | 1 | 261,352 | 186 | 38,165 | (299,704 | ) | — | |||||||||||||||||
Foreign currency transaction | — | — | — | (53,957 | ) | — | (53,957 | ) | ||||||||||||||||
losses, net | ||||||||||||||||||||||||
Equity in loss of affiliates | (639,902 | ) | (443,294 | ) | (434,443 | ) | — | 1,517,639 | — | |||||||||||||||
Other income (expense), net | 86,324 | — | 101 | (6,632 | ) | (108,133 | ) | (28,340 | ) | |||||||||||||||
(777,432 | ) | (387,413 | ) | (435,427 | ) | (223,190 | ) | 1,409,506 | (413,956 | ) | ||||||||||||||
Loss from continuing operations before income tax benefit (provision) | (780,612 | ) | (387,415 | ) | (651,217 | ) | (137,730 | ) | 1,517,639 | (439,335 | ) | |||||||||||||
Income tax benefit (provision) | 15,363 | (19,731 | ) | (24,833 | ) | (128,943 | ) | — | (158,144 | ) | ||||||||||||||
Net loss from continuing operations | (765,249 | ) | (407,146 | ) | (676,050 | ) | (266,673 | ) | 1,517,639 | (597,479 | ) | |||||||||||||
Loss from discontinued operations, net of income taxes | — | — | — | (167,770 | ) | — | (167,770 | ) | ||||||||||||||||
Net loss | $ | (765,249 | ) | $ | (407,146 | ) | $ | (676,050 | ) | $ | (434,443 | ) | $ | 1,517,639 | $ | (765,249 | ) | |||||||
Comprehensive loss, net of income taxes | ||||||||||||||||||||||||
Foreign currency translation | $ | (97,589 | ) | $ | (96,593 | ) | $ | (96,593 | ) | $ | (96,593 | ) | $ | 289,779 | $ | (97,589 | ) | |||||||
adjustment | ||||||||||||||||||||||||
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 | ) | |||||||
For the Year Ended December 31, 2011 | ||||||||||||||||||||||||
NII Holdings, | NII Capital | Guarantor | Non- | Consolidating | Consolidated | |||||||||||||||||||
Inc. (Parent and Guarantor) | Corp. (Issuer) | Subsidiaries | Guarantor | Adjustments | ||||||||||||||||||||
Subsidiaries | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Operating revenues | $ | — | $ | — | $ | 3,072 | $ | 6,380,817 | $ | (3,072 | ) | $ | 6,380,817 | |||||||||||
Operating expenses | ||||||||||||||||||||||||
Cost of revenues (exclusive of | — | — | 162 | 2,465,602 | — | 2,465,764 | ||||||||||||||||||
depreciation and amortization | ||||||||||||||||||||||||
included below) | ||||||||||||||||||||||||
Selling, general and administrative | 3,467 | 179 | 322,941 | 1,888,945 | (14,430 | ) | 2,201,102 | |||||||||||||||||
Provision for doubtful accounts | — | — | — | 159,201 | — | 159,201 | ||||||||||||||||||
Management fee and other | — | — | (153,035 | ) | 223,630 | (70,595 | ) | — | ||||||||||||||||
Depreciation and amortization | — | — | 12,334 | 575,830 | — | 588,164 | ||||||||||||||||||
3,467 | 179 | 182,402 | 5,313,208 | (85,025 | ) | 5,414,231 | ||||||||||||||||||
Operating (loss) income | (3,467 | ) | (179 | ) | (179,330 | ) | 1,067,609 | 81,953 | 966,586 | |||||||||||||||
Other income (expense) | ||||||||||||||||||||||||
Interest expense, net | (59,137 | ) | (166,940 | ) | (2,715 | ) | (82,943 | ) | — | (311,735 | ) | |||||||||||||
Intercompany interest expense | (172,465 | ) | — | — | (67,677 | ) | 240,142 | — | ||||||||||||||||
Interest income | 2,792 | — | 7 | 31,297 | — | 34,096 | ||||||||||||||||||
Intercompany interest income | 16,629 | 222,866 | 200 | 447 | (240,142 | ) | — | |||||||||||||||||
Foreign currency transaction losses | (4 | ) | — | — | (37,293 | ) | — | (37,297 | ) | |||||||||||||||
Equity in income of affiliates | 324,435 | 506,345 | 520,665 | — | (1,351,445 | ) | — | |||||||||||||||||
Other income (expense), net | 67,040 | — | (113 | ) | (22,724 | ) | (81,953 | ) | (37,750 | ) | ||||||||||||||
179,290 | 562,271 | 518,044 | (178,893 | ) | (1,433,398 | ) | (352,686 | ) | ||||||||||||||||
Income before income tax benefit | 175,823 | 562,092 | 338,714 | 888,716 | (1,351,445 | ) | 613,900 | |||||||||||||||||
(provision) | ||||||||||||||||||||||||
Income tax benefit (provision) | 49,373 | (17,260 | ) | (52,766 | ) | (330,553 | ) | — | (351,206 | ) | ||||||||||||||
Net income from continuing operations | 225,196 | 544,832 | 285,948 | 558,163 | (1,351,445 | ) | 262,694 | |||||||||||||||||
Loss from discontinued operations, net of income taxes | — | — | — | (37,498 | ) | — | (37,498 | ) | ||||||||||||||||
Net income | $ | 225,196 | $ | 544,832 | $ | 285,948 | $ | 520,665 | $ | (1,351,445 | ) | $ | 225,196 | |||||||||||
Comprehensive (loss) income, net | ||||||||||||||||||||||||
of income taxes | ||||||||||||||||||||||||
Foreign currency translation | $ | (462,457 | ) | $ | (462,457 | ) | $ | (462,457 | ) | $ | (462,457 | ) | $ | 1,387,371 | $ | (462,457 | ) | |||||||
adjustment | ||||||||||||||||||||||||
Other | (342 | ) | (342 | ) | (342 | ) | (342 | ) | 1,026 | (342 | ) | |||||||||||||
Other comprehensive loss | (462,799 | ) | (462,799 | ) | (462,799 | ) | (462,799 | ) | 1,388,397 | (462,799 | ) | |||||||||||||
Net income | 225,196 | 544,832 | 285,948 | 520,665 | (1,351,445 | ) | 225,196 | |||||||||||||||||
Total comprehensive (loss) income | $ | (237,603 | ) | $ | 82,033 | $ | (176,851 | ) | $ | 57,866 | $ | 36,952 | $ | (237,603 | ) | |||||||||
Condensed Consolidating Statement Of Cash Flows | ' | |||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | ||||||||||||||||||||||||
For the Year Ended December 31, 2013 | ||||||||||||||||||||||||
NII Holdings, | NII Capital | Guarantor | Non- | Consolidating | Consolidated | |||||||||||||||||||
Inc. (Parent and Guarantor) | Corp. (Issuer) | Subsidiaries | Guarantor | Adjustments | ||||||||||||||||||||
Subsidiaries | ||||||||||||||||||||||||
(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 | 1,342,141 | 1,413,777 | (4,067,478 | ) | 1,464,501 | |||||||||||||||||
Total operating cash (used in) provided by continuing operations | (171,667 | ) | 51,884 | (159,744 | ) | 144,339 | (49,910 | ) | (185,098 | ) | ||||||||||||||
Total operating cash used in discontinued operations | — | — | — | (7,353 | ) | — | (7,353 | ) | ||||||||||||||||
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 | ) | (650,645 | ) | — | (664,877 | ) | |||||||||||||||
Purchases of licenses | — | — | — | (53,066 | ) | — | (53,066 | ) | ||||||||||||||||
Purchases of long-term and short-term | — | — | — | (2,360,529 | ) | — | (2,360,529 | ) | ||||||||||||||||
investments | ||||||||||||||||||||||||
Proceeds from sales of long-term | — | — | — | 1,942,886 | — | 1,942,886 | ||||||||||||||||||
and short-term investments | ||||||||||||||||||||||||
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 | ) | (424,145 | ) | 194,231 | (453,411 | ) | |||||||||||||
Total investing cash provided by discontinued operations | — | — | — | 275,799 | — | 275,799 | ||||||||||||||||||
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 line of credit | — | — | — | 45 | — | 45 | ||||||||||||||||||
Borrowings under equipment financing | — | — | — | 145,077 | — | 145,077 | ||||||||||||||||||
Repayments under syndicated | — | — | — | (473,918 | ) | — | (473,918 | ) | ||||||||||||||||
loan facilities | ||||||||||||||||||||||||
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 | — | — | — | (362,736 | ) | — | (362,736 | ) | ||||||||||||||||
Intercompany dividends | — | (49,910 | ) | — | — | 49,910 | — | |||||||||||||||||
Capital contributions | — | 20 | 191,506 | 3,234 | (194,760 | ) | — | |||||||||||||||||
Other, net | (1,010 | ) | (20 | ) | (545 | ) | (27,551 | ) | 529 | (28,597 | ) | |||||||||||||
Total financing cash (used in) provided by continuing operations | (1,010 | ) | (49,910 | ) | 174,353 | 799,842 | (144,321 | ) | 778,954 | |||||||||||||||
Total financing cash used in discontinued operations | — | — | — | (2,363 | ) | — | (2,363 | ) | ||||||||||||||||
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 | — | — | — | (56,236 | ) | — | (56,236 | ) | ||||||||||||||||
cash equivalents | ||||||||||||||||||||||||
Change in cash and cash equivalents held for sale | — | — | — | 12,318 | — | 12,318 | ||||||||||||||||||
Net (decrease) increase in cash and cash equivalents | (378,708 | ) | — | (883 | ) | 742,201 | — | 362,610 | ||||||||||||||||
Cash and cash equivalents, beginning of year | 735,022 | — | 6,469 | 629,682 | — | 1,371,173 | ||||||||||||||||||
Cash and cash equivalents, end of year | $ | 356,314 | $ | — | $ | 5,586 | $ | 1,371,883 | $ | — | $ | 1,733,783 | ||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | ||||||||||||||||||||||||
For the Year Ended December 31, 2012 | ||||||||||||||||||||||||
NII Holdings, | NII Capital | Guarantor | Non- | Consolidating | Consolidated | |||||||||||||||||||
Inc. (Parent and Guarantor) | Corp. (Issuer) | Subsidiaries | Guarantor | Adjustments | ||||||||||||||||||||
Subsidiaries | ||||||||||||||||||||||||
(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 | 567,116 | 1,077,223 | (1,869,145 | ) | 1,111,335 | |||||||||||||||||
Total operating cash provided by (used in) continuing operations | 3,293 | 160,453 | (108,934 | ) | 642,780 | (351,506 | ) | 346,086 | ||||||||||||||||
Total operating cash provided by discontinued operations | — | — | — | 7,097 | — | 7,097 | ||||||||||||||||||
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 | ) | (949,905 | ) | — | (1,042,479 | ) | |||||||||||||||
Purchases of licenses | — | — | — | (100,185 | ) | — | (100,185 | ) | ||||||||||||||||
Purchases of long-term and short-term investments | — | — | — | (1,678,918 | ) | — | (1,678,918 | ) | ||||||||||||||||
Proceeds from sales of long-term | 224,330 | — | — | 1,589,453 | — | 1,813,783 | ||||||||||||||||||
and short-term investments | ||||||||||||||||||||||||
Intercompany borrowings | — | — | — | (300 | ) | 300 | — | |||||||||||||||||
Transfers to restricted cash | — | — | — | (11,969 | ) | — | (11,969 | ) | ||||||||||||||||
Transfers from restricted cash | — | — | — | 7,882 | — | 7,882 | ||||||||||||||||||
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 | ) | (1,142,924 | ) | 328,694 | (1,010,868 | ) | |||||||||||||
Total investing cash used in discontinued operations | — | — | — | (44,292 | ) | — | (44,292 | ) | ||||||||||||||||
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 | — | — | — | 269,546 | — | 269,546 | ||||||||||||||||||
Repayments under syndicated loan facilities | — | — | — | (97,403 | ) | — | (97,403 | ) | ||||||||||||||||
Repayments of import financing | — | — | — | (175,923 | ) | — | (175,923 | ) | ||||||||||||||||
Purchases of convertible notes | (212,782 | ) | — | — | — | — | (212,782 | ) | ||||||||||||||||
Proceeds from intercompany long-term loan | — | — | 300 | — | (300 | ) | — | |||||||||||||||||
Principal repayments under spectrum license financing | — | — | — | (1,513 | ) | — | (1,513 | ) | ||||||||||||||||
Intercompany dividends | — | (151,186 | ) | (100,320 | ) | (100,000 | ) | 351,506 | — | |||||||||||||||
Capital contributions | — | — | 318,949 | 9,445 | (328,394 | ) | — | |||||||||||||||||
Other, net | (3,228 | ) | (778 | ) | (19,368 | ) | (109,009 | ) | — | (132,383 | ) | |||||||||||||
Total financing cash (used in) provided by continuing operations | (216,010 | ) | (151,964 | ) | 199,561 | 7,913 | 22,812 | (137,688 | ) | |||||||||||||||
Total financing cash used in discontinued operations | — | — | — | (100,607 | ) | — | (100,607 | ) | ||||||||||||||||
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 | — | — | — | 844 | — | 844 | ||||||||||||||||||
on cash and cash equivalents | ||||||||||||||||||||||||
Change in cash and cash equivalents held for sale | — | — | — | (58 | ) | — | (58 | ) | ||||||||||||||||
Net decrease in cash and cash equivalents | (307,336 | ) | (956 | ) | (1,947 | ) | (629,247 | ) | — | (939,486 | ) | |||||||||||||
Cash and cash equivalents, beginning of year | 1,042,358 | 956 | 8,416 | 1,258,929 | — | 2,310,659 | ||||||||||||||||||
Cash and cash equivalents, end of year | $ | 735,022 | $ | — | $ | 6,469 | $ | 629,682 | $ | — | $ | 1,371,173 | ||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | ||||||||||||||||||||||||
For the Year Ended December 31, 2011 | ||||||||||||||||||||||||
NII Holdings, | NII Capital | Guarantor | Non-Guarantor | Consolidating | Consolidated | |||||||||||||||||||
Inc. (Parent and Guarantor) | Corp. (Issuer) | Subsidiaries | Subsidiaries | Adjustments | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Cash flows from operating activities: | ||||||||||||||||||||||||
Net income | $ | 225,196 | $ | 544,832 | $ | 285,948 | $ | 520,665 | $ | (1,351,445 | ) | $ | 225,196 | |||||||||||
Adjustments to reconcile net income to net cash provided by (used in) operating activities | (117,264 | ) | (551,291 | ) | (498,345 | ) | 800,350 | 1,128,167 | 761,617 | |||||||||||||||
Total operating cash provided by (used in) continuing operations | 107,932 | (6,459 | ) | (212,397 | ) | 1,321,015 | (223,278 | ) | 986,813 | |||||||||||||||
Total operating cash used in discontinued operations | — | — | — | (4,422 | ) | — | (4,422 | ) | ||||||||||||||||
Net cash provided by (used in) operating activities | 107,932 | (6,459 | ) | (212,397 | ) | 1,316,593 | (223,278 | ) | 982,391 | |||||||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||
Capital expenditures | — | — | (122,124 | ) | (839,670 | ) | — | (961,794 | ) | |||||||||||||||
Purchases of licenses | — | — | — | (138,678 | ) | — | (138,678 | ) | ||||||||||||||||
Purchases of long-term and short-term investments | (329,292 | ) | — | — | (1,969,117 | ) | — | (2,298,409 | ) | |||||||||||||||
Proceeds from sales of long-term | 585,000 | — | — | 1,891,986 | — | 2,476,986 | ||||||||||||||||||
and short-term investments | ||||||||||||||||||||||||
Transfers to restricted cash | (276 | ) | — | — | (4,701 | ) | — | (4,977 | ) | |||||||||||||||
Transfers from restricted cash | — | — | — | 136,467 | — | 136,467 | ||||||||||||||||||
Intercompany borrowings | (76,141 | ) | (1,424,860 | ) | — | — | 1,501,001 | — | ||||||||||||||||
Proceeds from intercompany borrowings | 137,089 | — | — | — | (137,089 | ) | — | |||||||||||||||||
Investment in subsidiaries | (475,821 | ) | (1,246 | ) | — | — | 477,067 | — | ||||||||||||||||
Other, net | — | — | — | 4,207 | — | 4,207 | ||||||||||||||||||
Total investing cash used in continuing operations | (159,441 | ) | (1,426,106 | ) | (122,124 | ) | (919,506 | ) | 1,840,979 | (786,198 | ) | |||||||||||||
Total investing cash used in discontinued operations | — | — | — | (124,085 | ) | — | (124,085 | ) | ||||||||||||||||
Net cash used in investing activities | (159,441 | ) | (1,426,106 | ) | (122,124 | ) | (1,043,591 | ) | 1,840,979 | (910,283 | ) | |||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||||||
Proceeds from issuance of senior notes | — | 1,439,500 | — | — | — | 1,439,500 | ||||||||||||||||||
Borrowings under line of credit | — | — | — | 745,150 | — | 745,150 | ||||||||||||||||||
Borrowings under long-term credit facility | — | — | — | 365,386 | — | 365,386 | ||||||||||||||||||
Borrowings under equipment financing | — | — | — | 42,675 | — | 42,675 | ||||||||||||||||||
Repayments under syndicated loan facilities | — | — | — | (237,771 | ) | — | (237,771 | ) | ||||||||||||||||
Repayments under spectrum license financing | — | — | — | (683,878 | ) | — | (683,878 | ) | ||||||||||||||||
Repayments under intercompany long-term loan | — | — | — | (137,089 | ) | 137,089 | — | |||||||||||||||||
Repayments of import financing | — | — | — | (129,919 | ) | — | (129,919 | ) | ||||||||||||||||
Capital contributions | — | 103,302 | 371,721 | 2,044 | (477,067 | ) | — | |||||||||||||||||
Proceeds from intercompany long-term loan | 1,424,860 | — | — | 76,141 | (1,501,001 | ) | — | |||||||||||||||||
Purchases of convertible notes | (904,200 | ) | — | — | — | — | (904,200 | ) | ||||||||||||||||
Intercompany dividends | — | (84,139 | ) | (139,139 | ) | — | 223,278 | — | ||||||||||||||||
Other, net | 25,010 | (25,170 | ) | (11,831 | ) | (70,018 | ) | — | (82,009 | ) | ||||||||||||||
Total financing cash provided by (used in) continuing operations | 545,670 | 1,433,493 | 220,751 | (27,279 | ) | (1,617,701 | ) | 554,934 | ||||||||||||||||
Total financing cash used in discontinued operations | — | — | — | (29,931 | ) | — | (29,931 | ) | ||||||||||||||||
Net cash provided by (used in) financing activities | 545,670 | 1,433,493 | 220,751 | (57,210 | ) | (1,617,701 | ) | 525,003 | ||||||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | — | (41,693 | ) | — | (41,693 | ) | ||||||||||||||||
Change in cash and cash equivalents held for sale | — | — | — | 51,264 | — | 51,264 | ||||||||||||||||||
Net increase (decrease) in cash and cash equivalents | 494,161 | 928 | (113,770 | ) | 225,363 | — | 606,682 | |||||||||||||||||
Cash and cash equivalents, beginning of year | 548,197 | 28 | 122,186 | 1,033,566 | — | 1,703,977 | ||||||||||||||||||
Cash and cash equivalents, end of year | $ | 1,042,358 | $ | 956 | $ | 8,416 | $ | 1,258,929 | $ | — | $ | 2,310,659 | ||||||||||||
Schedule_I_Condensed_Financial1
Schedule I - Condensed Financial Information of Registrant (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
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, | December 31, | |||||||||||
2013 | 2012 | |||||||||||
ASSETS | ||||||||||||
Current assets | ||||||||||||
Cash and cash equivalents | $ | 356,314 | $ | 735,022 | ||||||||
Short-term intercompany receivables | 31,803 | 19,716 | ||||||||||
Prepaid expenses and other | 6,832 | 6,617 | ||||||||||
Total current assets | 394,949 | 761,355 | ||||||||||
Investments in and advances to affiliates | 1,867,753 | 2,717,391 | ||||||||||
Intangible assets, net | 18,000 | 18,000 | ||||||||||
Deferred income taxes, net | 16,025 | 13,683 | ||||||||||
Long-term intercompany receivables | 1,474,658 | 2,377,065 | ||||||||||
Other assets | 29,381 | 16,280 | ||||||||||
Total assets | $ | 3,800,766 | $ | 5,903,774 | ||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||||||
Current liabilities | ||||||||||||
Short-term intercompany payables | $ | 464,798 | $ | 597,678 | ||||||||
Accrued expenses and other | — | 3,734 | ||||||||||
Total current liabilities | 464,798 | 601,412 | ||||||||||
Long-term intercompany payables | 2,950,226 | 2,953,495 | ||||||||||
Other long-term liabilities | 30,355 | 32,418 | ||||||||||
Total liabilities | 3,445,379 | 3,587,325 | ||||||||||
Total stockholders’ equity | 355,387 | 2,316,449 | ||||||||||
Total liabilities and stockholders’ equity | $ | 3,800,766 | $ | 5,903,774 | ||||||||
Condensed Income Statement [Table Text Block] | ' | |||||||||||
NII HOLDINGS, INC. | ||||||||||||
CONDENSED STATEMENTS OF COMPREHENSIVE LOSS (PARENT COMPANY ONLY) | ||||||||||||
(in thousands) | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Operating revenues | $ | — | $ | — | $ | — | ||||||
Operating expenses | ||||||||||||
Selling, general and administrative | 3,136 | 3,180 | 3,467 | |||||||||
3,136 | 3,180 | 3,467 | ||||||||||
Operating loss | (3,136 | ) | (3,180 | ) | (3,467 | ) | ||||||
Other income (expense) | ||||||||||||
Interest expense, net | (562 | ) | (23,646 | ) | (59,137 | ) | ||||||
Intercompany interest expense | (234,799 | ) | (215,501 | ) | (172,465 | ) | ||||||
Interest income | 913 | 15,292 | 2,792 | |||||||||
Intercompany interest income | 1,340 | 1 | 16,629 | |||||||||
Equity in (loss) income of affiliates | (1,473,856 | ) | (639,902 | ) | 324,435 | |||||||
Other income, net | 36,017 | 86,324 | 67,036 | |||||||||
(1,670,947 | ) | (777,432 | ) | 179,290 | ||||||||
(Loss) income before income tax benefit | (1,674,083 | ) | (780,612 | ) | 175,823 | |||||||
Income tax benefit | 24,484 | 15,363 | 49,373 | |||||||||
Net (loss) income | $ | (1,649,599 | ) | $ | (765,249 | ) | $ | 225,196 | ||||
Comprehensive loss, net of income taxes | ||||||||||||
Foreign currency translation adjustment | $ | (334,893 | ) | $ | (97,589 | ) | $ | (462,457 | ) | |||
Other | 2,257 | (1,802 | ) | (342 | ) | |||||||
Other comprehensive loss | (332,636 | ) | (99,391 | ) | (462,799 | ) | ||||||
Net (loss) income | (1,649,599 | ) | (765,249 | ) | 225,196 | |||||||
Total comprehensive loss | $ | (1,982,235 | ) | $ | (864,640 | ) | $ | (237,603 | ) | |||
Condensed Cash Flow Statement [Table Text Block] | ' | |||||||||||
NII HOLDINGS, INC. | ||||||||||||
CONDENSED STATEMENTS OF CASH FLOWS (PARENT COMPANY ONLY) | ||||||||||||
(in thousands) | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Cash flows from operating activities: | ||||||||||||
Net (loss) income | $ | (1,649,599 | ) | $ | (765,249 | ) | $ | 225,196 | ||||
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities | 1,477,932 | 768,542 | (117,264 | ) | ||||||||
Net cash (used in) provided by operating activities | (171,667 | ) | 3,293 | 107,932 | ||||||||
Cash flows from investing activities: | ||||||||||||
Purchases of long-term and short-term investments | — | — | (329,292 | ) | ||||||||
Proceeds from sales of long-term and short-term investments | — | 224,330 | 585,000 | |||||||||
Transfers to restricted cash | (15,050 | ) | — | (276 | ) | |||||||
Intercompany borrowings | — | — | (76,141 | ) | ||||||||
Proceeds from intercompany borrowings | — | — | 137,089 | |||||||||
Investments in subsidiaries | (191,526 | ) | (318,949 | ) | (475,821 | ) | ||||||
Intercompany dividends | 545 | — | — | |||||||||
Net cash used in investing activities | (206,031 | ) | (94,619 | ) | (159,441 | ) | ||||||
Cash flows from financing activities: | ||||||||||||
Purchases of convertible notes | — | (212,782 | ) | (904,200 | ) | |||||||
Proceeds from intercompany long-term loan | — | — | 1,424,860 | |||||||||
Other, net | (1,010 | ) | (3,228 | ) | 25,010 | |||||||
Net cash flows (used in) provided by financing activities | (1,010 | ) | (216,010 | ) | 545,670 | |||||||
Net (decrease) increase in cash and cash equivalents | (378,708 | ) | (307,336 | ) | 494,161 | |||||||
Cash and cash equivalents, beginning of year | 735,022 | 1,042,358 | 548,197 | |||||||||
Cash and cash equivalents, end of year | $ | 356,314 | $ | 735,022 | $ | 1,042,358 | ||||||
Schedule_II_Valuation_and_Qual1
Schedule II - Valuation and Qualifying Accounts Schedule II - Valuation and Qualifying Accounts (Tables) | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Valuation and Qualifying Accounts [Abstract] | ' | |||||||||||||||
Schedule II - Valuation and Qualifying Accounts | ' | |||||||||||||||
Balance at | Charged to | Deductions | Balance at | |||||||||||||
Beginning of | Costs and | and Other | End of | |||||||||||||
Period | Expenses | Adjustments (1) | Period | |||||||||||||
Year Ended December 31, 2013 | ||||||||||||||||
Allowance for doubtful accounts | $ | 108,676 | $ | 116,619 | $ | (164,002 | ) | $ | 61,293 | |||||||
Valuation allowance for deferred tax assets | $ | 508,101 | $ | 4,090,410 | $ | (64,601 | ) | $ | 4,533,910 | |||||||
Year Ended December 31, 2012 | ||||||||||||||||
Allowance for doubtful accounts | $ | 63,241 | $ | 217,315 | $ | (171,880 | ) | $ | 108,676 | |||||||
Valuation allowance for deferred tax assets | $ | 240,715 | $ | 268,479 | $ | (1,093 | ) | $ | 508,101 | |||||||
Year Ended December 31, 2011 | ||||||||||||||||
Allowance for doubtful accounts | $ | 39,228 | $ | 159,201 | $ | (135,188 | ) | $ | 63,241 | |||||||
Valuation allowance for deferred tax assets | $ | 106,811 | $ | 34,490 | $ | 99,414 | $ | 240,715 | ||||||||
_______________________________________ | ||||||||||||||||
-1 | Includes the impact of foreign currency translation adjustments. |
Summary_of_Operations_and_Sign3
Summary of Operations and Significant Accounting Policies (Narrative) (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||
Share data in Millions, unless otherwise specified | Mar. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2007 |
city | ||||||
Asset Retirement Obligation, Revision of Estimate | ' | $82,634,000 | ($8,088,000) | ' | ' | ' |
Valuation Allowance, Deferred Tax Asset, Change in Amount | ' | 4,000,000,000 | ' | ' | ' | ' |
Deferred Tax Assets, Valuation Allowance | ' | 4,533,910,000 | ' | 508,101,000 | ' | ' |
Number of Cities | ' | 250 | ' | ' | ' | ' |
Capital expenditures | ' | 882,948,000 | 1,421,117,000 | 1,344,705,000 | ' | ' |
Capital lease and tower financing obligations | ' | 926,800,000 | ' | ' | ' | ' |
Debt Instrument, Debt Default, Percentage | ' | 25.00% | ' | ' | ' | ' |
Principal amount of senior notes | ' | 5,804,188,000 | ' | ' | ' | ' |
Provision For Inventory Losses Total | ' | 70,400,000 | ' | ' | ' | ' |
Available Number Of Funds | ' | 2 | ' | ' | ' | ' |
Cumulative foreign currency translation adjustment | ' | -951,271,000 | -616,378,000 | ' | ' | ' |
Other | ' | -4,806,000 | -7,063,000 | ' | ' | ' |
Accumulated other comprehensive loss | ' | -956,077,000 | -623,441,000 | ' | ' | ' |
Non cash financing primarily related to the short-term financing | ' | 213,500,000 | 238,800,000 | ' | ' | ' |
Proceeds from (Payments for) Other Financing Activities | ' | ' | ' | 918,700,000 | ' | ' |
Brazil Spectrum Non-Cash Financing | ' | ' | 689,800,000 | ' | ' | ' |
Selling, general and administrative costs related to the workforce transition | ' | 1,913,454,000 | 2,167,688,000 | ' | 2,201,102,000 | ' |
Time Deposits | ' | 740,000,000 | 479,400,000 | ' | ' | ' |
Restricted cash | ' | 91,300,000 | 16,000,000 | ' | ' | ' |
Provision For Inventory Losses | ' | 56,249,000 | 1,594,000 | 3,186,000 | ' | ' |
Provision For Inventory Losses, Purchase Commitments | ' | 14,100,000 | ' | ' | ' | ' |
Corporate aircraft capital lease | ' | '10 years | ' | ' | ' | ' |
Amortization of intangible assets including renewals useful lives minimum | ' | '10 years | ' | ' | ' | ' |
Amortization of intangible assets including renewals useful lives maximum | ' | '40 years | ' | ' | ' | ' |
Non-contiguous spectrum right given through licenses (in MHz) | ' | 800 | ' | ' | ' | ' |
Remaining life of proceeds received from deferred revenue (in years) | ' | 15.5 | ' | ' | ' | ' |
Revenue-based taxes and other excise taxes | ' | 166,000,000 | 211,500,000 | 245,200,000 | ' | ' |
Advertising costs total | ' | 147,900,000 | 174,300,000 | 214,400,000 | ' | ' |
Antidilutive stock options | ' | ' | 9.3 | ' | ' | ' |
Repatriation of foreign earnings | 200,000,000 | 226,300,000 | ' | ' | ' | 26,300,000 |
Provision in deferred tax liability | ' | 54,386,000 | 54,400,000 | 54,360,000 | ' | ' |
Intangible assets, net | ' | 993,669,000 | 1,125,382,000 | ' | ' | ' |
Other current assets | ' | 42,506,000 | 33,534,000 | ' | ' | ' |
Deferred tax liability | ' | 255,675,000 | ' | 219,012,000 | ' | ' |
Amount In Excess of Carrying Amount of Asset Retirement Cost | ' | 48,300,000 | ' | ' | ' | ' |
Foreign Currency Change in Deferred Tax Liability | ' | 54,200,000 | ' | ' | ' | ' |
Stock Options [Member] | ' | ' | ' | ' | ' | ' |
Antidilutive stock options | ' | 10.8 | 16.8 | ' | ' | ' |
Restricted Stock [Member] | ' | ' | ' | ' | ' | ' |
Antidilutive stock options | ' | 2.8 | 2 | ' | ' | ' |
Nextel Brazil And Nextel Mexico [Member] | ' | ' | ' | ' | ' | ' |
Assets owned by subsidiaries | ' | 6,400,700,000 | 6,650,000,000 | ' | ' | ' |
2.75% Convertible Notes [Member] | ' | ' | ' | ' | ' | ' |
Notes interest rate | ' | ' | ' | 2.75% | ' | ' |
3.125% Convertible Notes [Member] | ' | ' | ' | ' | ' | ' |
Notes interest rate | ' | ' | ' | 3.13% | ' | ' |
Senior Notes [Member] | ' | ' | ' | ' | ' | ' |
Principal amount of senior notes | ' | 4,400,000,000 | ' | ' | ' | ' |
Brazilian Subsidiary [Member] | ' | ' | ' | ' | ' | ' |
Deferred Tax Assets, Valuation Allowance | ' | 382,900,000 | ' | ' | ' | ' |
Mexico [Member] | ' | ' | ' | ' | ' | ' |
Deferred Tax Assets, Valuation Allowance | ' | 190,700,000 | ' | 800,000 | ' | ' |
Capital expenditures | ' | 375,522,000 | 523,555,000 | 387,345,000 | ' | ' |
Brazil [Member] | ' | ' | ' | ' | ' | ' |
Deferred Tax Assets, Valuation Allowance | ' | 419,100,000 | ' | 36,200,000 | ' | ' |
Capital expenditures | ' | 461,458,000 | 632,796,000 | 656,498,000 | ' | ' |
Chile [Member] | ' | ' | ' | ' | ' | ' |
Deferred Tax Assets, Valuation Allowance | ' | 198,000,000 | ' | 177,400,000 | ' | ' |
Capital expenditures | ' | 10,854,000 | 115,421,000 | 115,479,000 | ' | ' |
U.S. [Member] | ' | ' | ' | ' | ' | ' |
Deferred Tax Assets, Valuation Allowance | ' | 363,800,000 | ' | 233,200,000 | ' | ' |
Luxembourg [Member] | ' | ' | ' | ' | ' | ' |
Deferred Tax Assets, Valuation Allowance | ' | 3,131,400,000 | ' | 26,800,000 | ' | ' |
Spain [Member] | ' | ' | ' | ' | ' | ' |
Deferred Tax Assets, Valuation Allowance | ' | 230,900,000 | ' | 2,400,000 | ' | ' |
Argentina [Member] | ' | ' | ' | ' | ' | ' |
Capital expenditures | ' | 21,183,000 | 56,825,000 | 86,363,000 | ' | ' |
Peru [Member] | ' | ' | ' | ' | ' | ' |
Deferred Tax Assets, Valuation Allowance | ' | 0 | ' | 31,300,000 | ' | ' |
Mexican Subsidiary [Member] [Member] | ' | ' | ' | ' | ' | ' |
Deferred Tax Assets, Valuation Allowance | ' | 189,800,000 | ' | ' | ' | ' |
Useful Life - Low End [Domain] | ' | ' | ' | ' | ' | ' |
Amortization of intangible assets useful lives minimum | ' | '3 years | ' | ' | ' | ' |
Useful Life - Low End [Domain] | Mobile Network Equipment and Network Software [Member] | ' | ' | ' | ' | ' | ' |
Property, plant and equipment useful life | ' | '3 years | ' | ' | ' | ' |
Useful Life - Low End [Domain] | Office Equipment [Member] | ' | ' | ' | ' | ' | ' |
Property, plant and equipment useful life | ' | '3 years | ' | ' | ' | ' |
Useful Life - High End [Domain] | ' | ' | ' | ' | ' | ' |
Amortization of intangible assets useful lives minimum | ' | '20 years | ' | ' | ' | ' |
Useful Life - High End [Domain] | Mobile Network Equipment and Network Software [Member] | ' | ' | ' | ' | ' | ' |
Property, plant and equipment useful life | ' | '30 years | ' | ' | ' | ' |
Useful Life - High End [Domain] | Office Equipment [Member] | ' | ' | ' | ' | ' | ' |
Property, plant and equipment useful life | ' | '10 years | ' | ' | ' | ' |
Luxembourg, Spain and Netherlands [Member] | ' | ' | ' | ' | ' | ' |
Deferred Tax Assets, Valuation Allowance | ' | 3,300,000,000 | ' | ' | ' | ' |
Nextel Chile and U.S. [Member] | ' | ' | ' | ' | ' | ' |
Deferred Tax Assets, Valuation Allowance | ' | $151,300,000 | ' | ' | ' | ' |
Summary_of_Operations_and_Sign4
Summary of Operations and Significant Accounting Policies (Supplemental Cash Flow Information) (Details) (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Accounting Policies [Abstract] | ' | ' | ' | ' |
Cash paid for capital expenditures, including capitalized interest | $664,877 | $1,042,479 | $961,794 | ' |
Change in capital expenditures accrued and unpaid or financed, including accreted interest capitalized | 218,071 | 378,638 | 382,911 | ' |
Capital expenditures accrued, unpaid including accreted interest capitalized | 882,948 | 1,421,117 | 1,344,705 | ' |
Interest expense, net | 539,159 | 365,521 | 311,735 | 311,735 |
Interest capitalized | 78,254 | 127,189 | 76,204 | ' |
Interest expense including capitalized interest | 617,413 | 492,710 | 387,939 | ' |
Fair value of assets acquired | 53,066 | 100,185 | 138,678 | ' |
Less: liabilities assumed and deferred tax liabilities incurred | 0 | 0 | 0 | ' |
Less: cash acquired | 0 | 0 | 0 | ' |
Acquisitions of assets and business combinations, net | 53,066 | 100,185 | 138,678 | ' |
Cash paid for interest, net of amounts capitalized | 391,874 | 293,594 | 183,475 | ' |
Cash paid for income taxes | $39,292 | $269,597 | $344,963 | ' |
Summary_of_Operations_and_Sign5
Summary of Operations and Significant Accounting Policies (Asset Retirement Obligations) (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward] | ' | ' |
Balance, January 1 | $114,760 | $81,728 |
New asset retirement obligations | 18,648 | 10,740 |
Asset Retirement Obligation, Revision of Estimate | -82,634 | 8,088 |
Accretion | 18,319 | 14,804 |
Settlement of asset retirement obligation | -93 | -293 |
Foreign currency translation and other | -13,775 | -307 |
Balance, December 31 | $55,225 | $114,760 |
Summary_of_Operations_and_Sign6
Summary of Operations and Significant Accounting Policies (Reconciliation Used to Calculate Basic and Diluted Net Income Per Common Share) (Details) (USD $) | 12 Months Ended | |||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Accounting Policies [Abstract] | ' | ' | ' | ' |
Net (loss) income | ($1,649,599) | ($765,249) | $225,196 | $225,196 |
Net income, shares | 171,912 | 171,499 | ' | 170,601 |
Net income allocable to participating shares | 0 | 0 | ' | -1,546 |
Adjusted net income attributable to common shares | -1,649,599 | -765,249 | ' | 223,650 |
Net income, per share amount | ($9.60) | ($4.46) | ' | $1.31 |
Stock options, shares | 0 | 0 | ' | 1,971 |
Restricted stock, shares | 0 | 0 | ' | 208 |
Convertible notes, net of capitalized interest and taxes, value | 0 | 0 | ' | 0 |
Convertible notes, net of capitalized interest and taxes, shares | 0 | 0 | ' | 1 |
Net income on which diluted earnings per share is calculated, value | ($1,649,599) | ($765,249) | ' | $225,196 |
Net income on which diluted earnings per share is calculated, shares | 171,912 | 171,499 | ' | 172,781 |
Net income on which diluted earnings per share is calculated, per share amount | ($9.60) | ($4.46) | ' | $1.30 |
Significant_Transactions_Detai
Significant Transactions (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2013 | Aug. 31, 2013 | Nov. 30, 2013 | Aug. 31, 2013 |
Nextel Brazil [Member] | Nextel Brazil [Member] | Nextel Mexico [Member] | Nextel Mexico [Member] | ||
tower | tower | tower | tower | ||
Minimum Lease Payments, Sale Leaseback Transactions, Fiscal Year Maturity [Abstract] | ' | ' | ' | ' | ' |
2014 | $109,887,000 | ' | ' | ' | ' |
2015 | 112,084,000 | ' | ' | ' | ' |
2016 | 114,326,000 | ' | ' | ' | ' |
2017 | 116,612,000 | ' | ' | ' | ' |
2018 | 118,945,000 | ' | ' | ' | ' |
Thereafter | 2,458,376,000 | ' | ' | ' | ' |
Total | 3,030,230,000 | ' | ' | ' | ' |
Disposal Of Assets [Line Items] | ' | ' | ' | ' | ' |
Disposal of assets, number | ' | 1,940 | 2,790 | 1,483 | 1,666 |
Proceeds from the sale of towers | ' | $348,000,000 | $432,300,000 | $374,300,000 | $391,200,000 |
Impairments_and_Restructuring_2
Impairments and Restructuring Charges (Details) (USD $) | 3 Months Ended | 12 Months Ended | 3 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | ||||||||||||||
Dec. 31, 2013 | Mar. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Mar. 31, 2013 | Aug. 31, 2013 | Sep. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Mar. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | |
Contractual Rights [Member] | Corporate [Member] | Corporate [Member] | Corporate [Member] | Corporate [Member] | Corporate [Member] | Corporate [Member] | CHILE | Brazil [Member] | Brazil [Member] | Mexico [Member] | Mexico [Member] | Mexico [Member] | Mexico [Member] | Argentina [Member] | Argentina [Member] | CHILE | CHILE | CHILE | |||||||
Segment Reporting, Other Significant Reconciling Item [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Asset impairment charges | ' | $85,300,000 | ' | $322,200,000 | $0 | ' | $39,900,000 | ' | $5,900,000 | $42,800,000 | ' | ' | ' | $298,800,000 | ' | ' | ' | $9,000,000 | ' | ' | ' | ' | $33,500,000 | ' | $298,800,000 |
Restructuring charges | 23,800,000 | ' | ' | ' | 0 | ' | ' | ' | ' | ' | 7,600,000 | ' | ' | ' | ' | ' | 8,600,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Loss on contract termination | ' | ' | ' | ' | ' | ' | ' | 6,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total impairment and restructuring charges | ' | ' | 171,047,000 | 329,767,000 | ' | 0 | ' | ' | ' | ' | ' | 63,563,000 | 27,452,000 | ' | 24,515,000 | 2,437,000 | ' | ' | 39,057,000 | 439,000 | 7,908,000 | 73,000 | ' | 36,004,000 | 299,366,000 |
Restructuring charges accrued and unpaid | $15,400,000 | ' | $15,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Discontinued_Operations_Detail
Discontinued Operations (Details) (Nextel Peru [Member], USD $) | 12 Months Ended | |||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Aug. 31, 2013 | |
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 |
Loss on disposal of Nextel Peru | 2,848,000 | 0 | 0 | ' |
Operating revenues | 204,982,000 | 343,341,000 | 354,129,000 | ' |
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract] | ' | ' | ' | ' |
Operating revenues | 204,982,000 | 343,341,000 | 354,129,000 | ' |
Operating expenses | -239,915,000 | -441,222,000 | -389,163,000 | ' |
Other expense, net | -1,501,000 | -5,924,000 | -9,481,000 | ' |
Loss before income tax provision | -36,434,000 | -103,805,000 | -44,515,000 | ' |
Income tax (provision) benefit | -900,000 | -63,965,000 | 7,017,000 | ' |
Loss from discontinued operations, before loss on disposal, net of income taxes | -37,334,000 | -167,770,000 | -37,498,000 | ' |
Loss on disposal of Nextel Peru | 2,848,000 | 0 | 0 | ' |
Loss from discontinued operations, net of income taxes | -40,182,000 | -167,770,000 | -37,498,000 | ' |
ASSETS | ' | ' | ' | ' |
Cash and cash equivalents | ' | 12,318,000 | ' | ' |
Accounts receivable, less allowance for doubtful accounts of $4,245 | ' | 31,278,000 | ' | ' |
Handset and accessory inventory | ' | 26,375,000 | ' | ' |
Prepaid expenses and other | ' | 27,422,000 | ' | ' |
Property, plant and equipment, net | ' | 353,676,000 | ' | ' |
Intangible assets, net | ' | 39,290,000 | ' | ' |
Other assets | ' | 7,334,000 | ' | ' |
Total assets | ' | 497,693,000 | ' | ' |
LIABILITIES | ' | ' | ' | ' |
Accounts payable | ' | 61,365,000 | ' | ' |
Accrued expenses and other | ' | 45,995,000 | ' | ' |
Deferred revenues | ' | 17,346,000 | ' | ' |
Current portion of long-term debt | ' | 3,205,000 | ' | ' |
Long-term debt | ' | 3,453,000 | ' | ' |
Other long-term liabilities | ' | 9,282,000 | ' | ' |
Total liabilities | ' | 140,646,000 | ' | ' |
Allowance for doubtful accounts | ' | $4,245,000 | ' | ' |
Property_Plant_and_Equipment_P
Property, Plant and Equipment (Property, Plant and Equipment Components) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment, Net [Abstract] | ' | ' |
Land | $9,652 | $10,505 |
Building and leashold improvements | 193,376 | 201,227 |
Digital mobile network equipment and network software | 4,829,134 | 4,406,690 |
Office equipment, furniture and fixtures and other | 785,242 | 783,370 |
Corporate aircraft capital lease | 42,747 | 42,747 |
Less: Accumulated depreciation and amortization | -2,995,667 | -2,684,635 |
Property, plant and equipment, gross, total | 2,864,484 | 2,759,904 |
Construction in progress | 523,576 | 771,367 |
Property, plant and equipment, net | $3,388,060 | $3,531,271 |
Intangible_Assets_Intangible_A
Intangible Assets (Intangible Assets) (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Indefinite-Lived Intangible Assets (Excluding Goodwill) | $18,600,000 | $18,700,000 |
Gross Carrying Value | 1,220,990,000 | 1,299,433,000 |
Accumulated Amortization | -245,321,000 | -192,051,000 |
Net Carrying Value | 975,669,000 | 1,107,382,000 |
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | '15 years | ' |
Licenses [Member] | ' | ' |
Gross Carrying Value | 1,220,990,000 | 1,299,433,000 |
Accumulated Amortization | -245,321,000 | -192,051,000 |
Net Carrying Value | $975,669,000 | $1,107,382,000 |
Intangible_Assets_Estimated_Am
Intangible Assets (Estimated Amortization Expense) (Details) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Finite-Lived Intangible Assets, Net [Abstract] | ' |
2012 | $81,216 |
2013 | 81,216 |
2014 | 81,216 |
2015 | 81,216 |
2016 | $81,216 |
Balance_Sheet_Details_Accrued_
Balance Sheet Details (Accrued Expenses and Other) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Balance Sheet Related Disclosures [Abstract] | ' | ' |
Prepaid Value Added Tax | $237,119 | $230,899 |
Prepaid Income Tax | 59,054 | 111,087 |
Other Prepaid Expense, Current | 97,421 | 112,571 |
Other Assets, Current | 42,506 | 33,534 |
Capital expenditure | 290,484 | 300,905 |
Non-income based taxes | 114,360 | 154,126 |
Network system and information technology | 92,109 | 97,443 |
Payroll related items and commissions | 92,852 | 88,843 |
Accrued interest | 128,509 | 73,135 |
Other | 254,220 | 255,341 |
Accrued expenses and other | 972,534 | 969,793 |
Prepaid expenses and other | $436,100 | $488,091 |
Debt_Narrative_Details
Debt (Narrative) (Details) (USD $) | 12 Months Ended | 84 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 3 Months Ended | 12 Months Ended | 1 Months Ended | 1 Months Ended | 12 Months Ended | 12 Months Ended | 36 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 1 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Apr. 01, 2022 | Sep. 30, 2012 | Feb. 16, 2017 | Feb. 16, 2016 | Dec. 31, 2013 | Feb. 16, 2017 | Feb. 16, 2016 | Apr. 12, 2013 | Mar. 31, 2012 | Dec. 31, 2013 | Apr. 10, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Mar. 31, 2011 | Dec. 31, 2013 | Dec. 30, 2011 | Aug. 31, 2009 | Dec. 31, 2009 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Apr. 01, 2015 | Dec. 31, 2013 | Dec. 31, 2012 | Jul. 31, 2011 | Dec. 31, 2013 | Jul. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Sep. 30, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | |
7.875% Senior Notes Due 2019 [Member] | 7.875% Senior Notes Due 2019 [Member] | 7.875% Senior Notes Due 2019 [Member] | 11.375% Senior Notes Due 2019 [Member] | 11.375% Senior Notes Due 2019 [Member] | 11.375% Senior Notes Due 2019 [Member] | 11.375% Senior Notes Due 2019 [Member] | 11.375% Senior Notes Due 2019 [Member] | 11.375% Senior Notes Due 2019 [Member] | Equipment Financing [Member] | Equipment Financing [Member] | 7.625% Senior Notes Due 2021 [Member] | 7.625% Senior Notes Due 2021 [Member] | 7.625% Senior Notes Due 2021 [Member] | 7.625% Senior Notes Due 2021 [Member] | 10.0% Senior Notes Due 2016 [Member] | 8.875% Senior Notes Due 2019 [Member] | 8.875% Senior Notes Due 2019 [Member] | Capital Lease Obligations [Member] | Convertible Notes [Member] | Convertible Notes [Member] | Brazil Spectrum License Financing [Member] | Mexico Bank Loan [Member] | Brazil Vendor Financing [Domain] | Brazil Vendor Financing [Domain] | Brazil Vendor Financing [Domain] | Brazil Vendor Financing [Domain] | Chile Vendor Financing [Member] | Mexico Vendor Financing [Member] | Mexico Vendor Financing [Member] | Mexico Vendor Financing [Member] | Tower Financing Obligations [Member] | Tower Financing Obligations [Member] | Tower Financing Obligations [Member] | Other Brazil Financing [Member] | Redemption Before April 1 2014 [Member] | Redemption Before April 1 2016 [Member] | Change Of Control Event [Member] | Financial Institution One [Member] | Financial Institution One [Member] | Financial Institution Two [Member] | Financial Institution Two [Member] | TIIE [Member] | TIIE [Member] | LIBOR [Member] | LIBOR [Member] | Brazil [Member] | Brazil [Member] | 10.0% Notes Unpaid By May 15, 2015 [Member] | Redemption Before February 15, 2017 [Member] | Redemption Before February 15, 2017 [Member] | Change of Control [Member] | Change of Control [Member] | ||||||
bank | bank | 7.625% Senior Notes Due 2021 [Member] | 7.625% Senior Notes Due 2021 [Member] | 7.625% Senior Notes Due 2021 [Member] | Brazil Spectrum License Financing [Member] | Brazil Spectrum License Financing [Member] | Brazil Spectrum License Financing [Member] | Brazil Spectrum License Financing [Member] | Mexico Bank Loan [Member] | Mexico Bank Loan [Member] | Chile Vendor Financing [Member] | Mexico Vendor Financing [Member] | 11.375% Senior Notes Due 2019 [Member] | 7.875% Senior Notes Due 2019 [Member] | 11.375% Senior Notes Due 2019 [Member] | 7.875% Senior Notes Due 2019 [Member] | 11.375% Senior Notes Due 2019 [Member] | |||||||||||||||||||||||||||||||||||||||||
Current portion of long-term debt | ($96,839,000) | ($94,039,000) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notes interest rate | ' | ' | ' | ' | ' | ' | ' | 7.88% | ' | ' | ' | ' | 11.38% | 11.38% | ' | ' | ' | 7.63% | ' | ' | 10.00% | ' | 8.88% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Debt Default, Additional Interest, Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Date of First Required Payment | ' | ' | ' | ' | ' | ' | ' | 15-Aug-13 | ' | ' | ' | ' | 15-Aug-13 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt, Contingent Payment of Principal or Interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'May 15, 2016 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Redeemed principal amount | ' | ' | ' | ' | ' | ' | ' | 35.00% | ' | ' | ' | ' | 35.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 35.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Principal amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 750,000,000 | 1,450,000,000 | 700,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from debt, net of issuance costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 689,300,000 | 735,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Offering expenses related to issuance of notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,700,000 | 14,400,000 | ' | ' | 900,000 | ' | 500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Senior notes, term | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '10 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Redemption price with interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 107.63% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notes issued remains outstanding | ' | ' | ' | ' | ' | ' | ' | 65.00% | ' | ' | ' | ' | 65.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 65.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Date On Which Debt is Redeemable at Price Equal to One Hundred Percent of Principal Amount Plus Premium | ' | ' | ' | ' | ' | 15-Feb-17 | ' | ' | 15-Feb-17 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Redemption price equal to percent of principal amount and interest | ' | ' | ' | ' | ' | ' | ' | 107.88% | ' | ' | ' | ' | 111.38% | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | 100.00% | 100.00% | 101.00% | 101.00% |
Purchase price of notes with interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 101.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maturity date of notes | ' | ' | ' | ' | ' | ' | ' | 'August 15, 2019 | ' | ' | ' | ' | 'August 15, 2019 | ' | ' | ' | ' | ' | ' | ' | 'August 15, 2016 | 'December 15, 2019 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Date On Which Thirty Five Percen of Senior Notes are Redeemable at One Hundred Seven Point Eight Seven Five Percent of Principal | ' | ' | ' | ' | ' | ' | 15-Feb-16 | ' | ' | 15-Feb-16 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notes Issued | ' | ' | ' | ' | ' | ' | ' | 700,000,000 | ' | ' | 150,000,000 | 750,000,000 | 900,000,000 | ' | ' | ' | ' | ' | ' | ' | 800,000,000 | 500,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total cash proceeds | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 762,500,000 | 486,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number Of Banks Providing Financing | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Brazil bank financing | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 351,800,000 | ' | 341,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Term of debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'ten | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'five | ' | 'seven | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Borrowing Period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'three | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'three-year | ' | ' | ' | ' | ' | ' |
Debt Instrument, Repayment Term | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'seven | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument factor applied to variable rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 115.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, basis spread on variable rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.00% | 6.87% | 2.50% | 2.80% | ' | ' | ' | ' | ' | ' | ' |
Long-term debt, percentage bearing variable interest, percentage rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.81% | ' | 3.05% | 3.11% | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7.94% | 11.39% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repayments of Debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 150,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Bank Loans | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 196,900,000 | ' | ' | ' | ' | ' |
Brazil Bank Loan Floating Interest Rate | ' | ' | ' | ' | 113.90% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Brazil Bank Loan Borrowing Rate | 11.28% | 786.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repayments and purchases of convertible notes | 0 | -212,782,000 | -904,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Principal amount of convertible notes | 5,441,009,000 | 4,512,665,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,609,962,000 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | 653,557,000 | 557,043,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock, shares authorized | 600,000,000 | 600,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Borrowed loan facility | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 300,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 39,400,000 | 56,800,000 | 41,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capital leased asset, lease term | '10 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capital lease liability | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 42,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loan Agreement Maximum Borrowing Capacity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 500,000,000 | ' | 375,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Brazil CDB Loan Floating Interest Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.90% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Effective interest rate on convertible notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.15% | 3.21% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Brazil CDB Loan Borrowing Period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'three | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Brazil CDB Loan Repayment Period | ' | ' | ' | 'seven | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'two-year | ' | ' | ' | ' | ' | ' |
Capital lease and tower financing obligations | 653,557,000 | 557,043,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 352,700,000 | ' | ' | ' | ' | 300,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loan Agreement Remaining Borrowing Capacity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 147,300,000 | ' | ' | ' | ' | 74,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from (Repayments of) Notes Payable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 150,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.49% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net Cash Proceeds from Issuance of Senior Long-term Debt | ' | ' | ' | ' | ' | ' | ' | 691,700,000 | ' | ' | ' | ' | 733,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fees and Commissions | 16,500,000 | ' | ' | ' | ' | ' | ' | 8,300,000 | ' | ' | 800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Write off of Deferred Debt Issuance Cost | ' | ' | ' | ' | ' | ' | ' | 6,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Senior Note Issue Price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 107.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from issuance of senior notes | $1,600,000,000 | $0 | $1,439,500,000 | ' | ' | ' | ' | ' | ' | ' | $159,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt_Debt_Details
Debt (Debt) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Debt [Abstract] | ' | ' |
Senior notes, net | $2,729,321 | $2,725,303 |
General financing | ' | 1,190,980 |
Equipment Financing | 1,609,962 | 0 |
Capital lease and tower financing obligations | 653,557 | 557,043 |
Brazil Import Financing | 352,462 | 346,879 |
Convertible notes, net | 0 | 37,422 |
Equipment financing | 444,268 | ' |
Other | 3,901 | 1,917 |
Total debt, excluding current portion | 5,793,471 | 4,859,544 |
Less: current portion | -96,839 | -94,039 |
Total debt | $5,696,632 | $4,765,505 |
Debt_Redemption_Prices_Prior_t
Debt (Redemption Prices Prior to Maturity) (Details) | Dec. 31, 2013 |
11.375% Senior Notes Due 2019 [Member] | 2017 [Member] | ' |
Redemption price | 105.69% |
11.375% Senior Notes Due 2019 [Member] | 2018 [Member] | ' |
Redemption price | 102.84% |
11.375% Senior Notes Due 2019 [Member] | Two Zero One Nine [Member] | ' |
Redemption price | 100.00% |
7.875% Senior Notes Due 2019 [Member] | 2017 [Member] | ' |
Redemption price | 103.94% |
7.875% Senior Notes Due 2019 [Member] | 2018 [Member] | ' |
Redemption price | 101.97% |
7.875% Senior Notes Due 2019 [Member] | Two Zero One Nine [Member] | ' |
Redemption price | 100.00% |
7.625% Senior Notes Due 2021 [Member] | 2016 [Member] | ' |
Redemption price | 103.81% |
7.625% Senior Notes Due 2021 [Member] | 2017 [Member] | ' |
Redemption price | 102.54% |
7.625% Senior Notes Due 2021 [Member] | 2018 [Member] | ' |
Redemption price | 101.27% |
7.625% Senior Notes Due 2021 [Member] | 2019 and thereafter [Member] | ' |
Redemption price | 100.00% |
10.0% Senior Notes Due 2016 [Member] | 2013 [Member] | ' |
Redemption price | 105.00% |
10.0% Senior Notes Due 2016 [Member] | 2014 [Member] | ' |
Redemption price | 102.50% |
10.0% Senior Notes Due 2016 [Member] | 2015 and Thereafter [Member] | ' |
Redemption price | 100.00% |
8.875% Senior Notes Due 2019 [Member] | 2014 [Member] | ' |
Redemption price | 104.44% |
8.875% Senior Notes Due 2019 [Member] | 2015 [Member] | ' |
Redemption price | 102.96% |
8.875% Senior Notes Due 2019 [Member] | 2016 [Member] | ' |
Redemption price | 101.48% |
8.875% Senior Notes Due 2019 [Member] | 2017 and thereafter [Member] | ' |
Redemption price | 100.00% |
Debt_Debt_and_Equity_Component
Debt (Debt and Equity Components Recognized for Convertible Notes) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Principal amount of convertible notes | $5,441,009 | $4,512,665 |
Convertible Notes [Member] | ' | ' |
Principal amount of convertible notes | $653,557 | $557,043 |
Debt_Interest_Expense_Recogniz
Debt (Interest Expense Recognized for Convertible Notes) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Interest expense, net | ($508,762) | ($359,999) | ($315,389) |
Debt_Annual_Maturities_of_Long
Debt (Annual Maturities of Long-Term Debt Outstanding) (Details) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Debt [Abstract] | ' |
2012 | $96,839 |
2013 | 201,962 |
2014 | 1,030,987 |
2015 | 237,887 |
2016 | 170,840 |
Thereafter | 4,065,673 |
Total | $5,804,188 |
Fair_Value_Measurements_Narrat
Fair Value Measurements (Narrative) (Details) (USD $) | 3 Months Ended | |||
In Millions, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 |
Short-term Investments [Member] | Short-term Investments [Member] | |||
Nextel Brazil [Member] | Nextel Brazil [Member] | |||
Available for sale securities | ' | ' | $418.60 | $204.80 |
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 | $31.40 | ' | ' | ' |
Fair_Value_Measurements_Carryi
Fair Value Measurements (Carrying Amounts and Estimated Fair Values of Long-Term Debt Instrument) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Carrying amount | $5,441,009 | $4,512,665 |
Long-term estimated fair value | 3,493,289 | 3,945,229 |
Equipment Financing [Member] | ' | ' |
Carrying amount | 1,609,962 | 0 |
Long-term estimated fair value | 1,271,370 | 0 |
General Financing [Member] | ' | ' |
Carrying amount | 448,169 | 1,230,319 |
Long-term estimated fair value | 373,796 | 1,194,875 |
Convertible Notes [Member] | ' | ' |
Carrying amount | 653,557 | 557,043 |
Long-term estimated fair value | 620,173 | 494,284 |
Senior Notes [Member] | ' | ' |
Carrying amount | 2,729,321 | 2,725,303 |
Long-term estimated fair value | $1,227,950 | $2,256,070 |
Commitments_and_Contingencies_1
Commitments and Contingencies (Narrative) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Purchase Obligation | $2,600 | ' | ' |
Remaining capital lease terms of agreements of corporate aircraft | 6 | ' | ' |
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 | 333.9 | 299.1 | 265.4 |
Nextel Brazil [Member] | ' | ' | ' |
Accrued Liabilities | 70.9 | 73 | ' |
Unasserted Claims | 11.2 | 20.7 | ' |
Estimated range of possible loss of accrued liabilities minimum | 456.8 | ' | ' |
Estimated range of possible loss of accrued liabilities maximum | 460.8 | ' | ' |
2014 [Member] | ' | ' | ' |
Purchase Obligation | 1,400 | ' | ' |
2015 and 2016 [Member] | ' | ' | ' |
Purchase Obligation | 1,100 | ' | ' |
2017 [Member] | ' | ' | ' |
Purchase Obligation | $100.30 | ' | ' |
Commitments_and_Contingencies_2
Commitments and Contingencies (Future Minimum Payments for Capital and Operating Lease Obligations) (Details) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Commitments and Contingencies [Abstract] | ' |
Capital lease in 2012 | $55,666 |
Capital lease in 2013 | 55,630 |
Capital lease in 2014 | 55,149 |
Capital lease in 2015 | 54,496 |
Capital lease in 2016 | 53,264 |
Capital lease Thereafter | 321,618 |
Total minimum capital lease payments | 595,823 |
Imputed interest capital lease | -362,117 |
Total minimum net capital lease payments | 233,706 |
Operating lease in 2012 | 294,307 |
Operating lease in 2013 | 283,370 |
Operating lease in 2014 | 267,095 |
Operating lease in 2015 | 251,125 |
Operating lease in 2016 | 227,074 |
Operating lease Thereafter | 429,900 |
Total minimum operating lease payments | 1,752,871 |
Imputed interest operating lease | 0 |
Total minimum net operating lease payments | 1,752,871 |
Minimum payments for 2012, Total | 349,973 |
Minimum payments for 2013, Total | 339,000 |
Minimum payments for 2014, Total | 322,244 |
Minimum payments for 2015, Total | 305,621 |
Minimum payments for 2016, Total | 280,338 |
Minimum payments Thereafter, Total | 751,518 |
Total minimum lease payments | 2,348,694 |
Imputed interest, Total | 362,117 |
Total leases net minimum payments | $1,986,577 |
Capital_Stock_Narrative_Detail
Capital Stock (Narrative) (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Capital Stock [Abstract] | ' | ' |
Common stock, shares authorized | 600,000,000 | 600,000,000 |
Common stock, par value | $0.00 | $0.00 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, par value | $0.00 | $0.00 |
Common stock shares outstanding | 172,104,720 | 171,653,078 |
Number of Votes Per Share | 1 | ' |
Reserved for future issuance | 22,089,643 | 7,721,927 |
Restricted Stock Units, Issued | 3,341,132 | 1,540,328 |
Unvested Restricted Stock Units | 5,011,698 | 2,310,492 |
Income_Taxes_Narrative_Details
Income Taxes (Narrative) (Details) (USD $) | 3 Months Ended | 4 Months Ended | 8 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | ||||||||||||||||||||||||
Mar. 31, 2010 | Dec. 31, 2012 | Sep. 04, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2010 | Dec. 31, 2007 | Dec. 31, 2011 | Dec. 31, 2009 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Jan. 02, 2014 | Dec. 31, 2013 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2011 | Mar. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | |
Nextel Mexico [Member] | U.S. Operations [Member] | Nextel Chile [Member] | Nextel Brazil [Member] | Domestic, State, And Local Jurisdiction [Member] | Mexico [Member] | Brazil [Member] | Brazil [Member] | Brazilian Subsidiary [Member] | Luxembourg [Member] | Luxembourg [Member] | Spain [Member] | Spain [Member] | Peru [Member] | Peru [Member] | Mexico [Member] | Mexico [Member] | Mexico [Member] | Two Mexican Subsidiaries [Member] | Another Mexican Subsidiary [Member] | Netherlands [Member] | Nextel Chile and U.S. [Member] | Luxembourg, Spain and Netherlands [Member] | ||||||||||
Mexico Loss From Sale Of Property [Member] | ||||||||||||||||||||||||||||||||
Unrecorded Deferred Tax Liability on Unrealized Foreign Currency Gain | ' | ' | ' | ' | ' | ' | ' | $78,400,000 | ' | ' | ' | ' | ' | ' | ' | $41,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred Tax Assets, Valuation Allowance | ' | ' | ' | 4,533,910,000 | ' | ' | ' | 508,101,000 | ' | ' | ' | ' | ' | ' | ' | 419,100,000 | 36,200,000 | 382,900,000 | 3,131,400,000 | 26,800,000 | 230,900,000 | 2,400,000 | 0 | 31,300,000 | 190,700,000 | 800,000 | ' | 50,500,000 | 139,300,000 | ' | 151,300,000 | 3,300,000,000 |
Repatriation of foreign earnings | 200,000,000 | ' | ' | 226,300,000 | ' | ' | 26,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Provision in deferred tax liability | ' | 54,400,000 | ' | 54,386,000 | 54,400,000 | ' | ' | 54,360,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign Currency Change in Deferred Tax Liability | ' | ' | ' | 54,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred tax liability | ' | ' | ' | 255,675,000 | ' | ' | ' | 219,012,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net operating loss carryforwards | ' | ' | ' | 10,700,000,000 | ' | ' | ' | ' | ' | 313,600,000 | 210,300,000 | 790,900,000 | 372,000,000 | 1,100,000,000 | ' | ' | ' | ' | ' | ' | 828,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | 200,000 | ' | ' |
Net operating loss carryforwards, expiration period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '18 years | ' | ' | ' | ' | ' | ' | ' | ' | '9 years | ' | ' |
Deferred tax assets, capital loss carryforwards | ' | ' | ' | 8,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Taxable income before net operating loss deduction | ' | ' | ' | 30.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrecognized tax benefits that reduce future effective tax rate | ' | ' | ' | 2,100,000 | ' | ' | ' | 4,800,000 | 5,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest and penalties | ' | ' | ' | 200,000 | 300,000 | 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 | 2,400,000 | 2,300,000 | ' | 2,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Increase (Decrease) in Income Taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14,500,000 | ' | ' | ' | ' | ' |
Deferred Tax Assets, Valuation Allowance, Current | ' | ' | ' | 287,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred Tax Assets, Valuation Allowance, Noncurrent | ' | ' | ' | 4,200,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revised Income Tax Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 30.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Corporate Income Tax Rate | ' | 20.00% | 18.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Valuation Allowance, Deferred Tax Asset, Change in Amount | ' | ' | ' | $4,000,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income_Taxes_Income_Tax_Provis
Income Taxes (Income Tax Provision) (Details) (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Income Taxes [Abstract] | ' | ' | ' | ' |
Federal | $0 | $727 | ' | $0 |
State, net of Federal tax benefit | 0 | 0 | ' | 0 |
Foreign | -63,982 | -176,748 | ' | -363,900 |
Total current income tax Provision | -63,982 | -176,021 | ' | -363,900 |
Federal | -1,310 | 895 | ' | 7,906 |
State, net of Federal tax benefit | -146 | 100 | ' | 880 |
Foreign | -380,614 | 16,882 | ' | 3,908 |
Total deferred income tax provision | -382,070 | 17,877 | 12,694 | 12,694 |
Income tax provision | ($446,052) | ($158,144) | ' | ($351,206) |
Income_Taxes_Reconciliation_of
Income Taxes (Reconciliation of the U.S. Statutory Federal Income Tax Rate to Effective Tax Rate) (Details) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2010 | |
Income Taxes [Abstract] | ' | ' | ' |
Statutory Federal tax rate | 35.00% | 35.00% | 35.00% |
Effect of foreign operations | -5.00% | -19.00% | 1.00% |
Change in deferred tax asset valuation allowance | -72.00% | -53.00% | 21.00% |
Intercompany transactions | -2.00% | -1.00% | 0.00% |
Tax on subpart F income | 0.00% | -2.00% | 2.00% |
Withholding tax | -2.00% | -7.00% | 5.00% |
Tax - deductible dividends | 3.00% | 7.00% | -5.00% |
Inflation adjustments | 1.00% | 3.00% | -3.00% |
Income tax credits | 0.00% | 1.00% | -1.00% |
Loss on Mexican fixed asset dispositions | 0.00% | 0.00% | 2.00% |
Local Statutory Investment Loss | 0.00% | 0.00% | 0.00% |
Other nondeductible expenses | -1.00% | -2.00% | 2.00% |
Other | 0.00% | 2.00% | -2.00% |
Income tax rate | -38.00% | -36.00% | 57.00% |
Income_Taxes_Deferred_Tax_Asse
Income Taxes (Deferred Tax Assets and Liabilities) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Income Taxes [Abstract] | ' | ' | ' |
Net operating losses and capital loss carryforwards | $4,078,428 | ' | $506,553 |
Allowance for doubtful accounts | 35,939 | ' | 54,628 |
Accrued expenses | 153,229 | ' | 160,287 |
Accrual for contingent liabilities | 22,117 | ' | 22,525 |
Property, plant and equipment | 73,073 | ' | 248,169 |
Capital lease obligations | 300,141 | ' | 67,400 |
Deferred revenue | 35,179 | ' | 34,234 |
Equity compensation | 71,139 | ' | 81,238 |
Inventory reserve | 22,621 | ' | 19,289 |
Other | 41,116 | ' | 14,978 |
Total deferred tax asset before allowances | 4,832,982 | ' | 1,209,301 |
Valuation allowance | -4,533,910 | ' | -508,101 |
Total deferred tax asset | 299,072 | ' | 701,200 |
Intangible assets | 48,162 | ' | 51,418 |
Unremitted foreign earnings | 54,386 | 54,400 | 54,360 |
Deferred revenue | 44,126 | ' | 49,758 |
Property, plant and equipment | 96,613 | ' | 48,857 |
Other | 12,388 | ' | 14,619 |
Total deferred tax liability | 255,675 | ' | 219,012 |
Net deferred tax asset | $43,397 | ' | $482,188 |
Income_Taxes_Deferred_Tax_Asse1
Income Taxes (Deferred Tax Asset Valuation Allowance) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||
Deferred Tax Assets, Valuation Allowance | $4,533,910 | $508,101 |
Mexico [Member] | ' | ' |
Deferred Tax Assets, Valuation Allowance | 190,700 | 800 |
Brazil [Member] | ' | ' |
Deferred Tax Assets, Valuation Allowance | 419,100 | 36,200 |
Chile [Member] | ' | ' |
Deferred Tax Assets, Valuation Allowance | 198,000 | 177,400 |
U.S. [Member] | ' | ' |
Deferred Tax Assets, Valuation Allowance | 363,800 | 233,200 |
Luxembourg [Member] | ' | ' |
Deferred Tax Assets, Valuation Allowance | 3,131,400 | 26,800 |
Spain [Member] | ' | ' |
Deferred Tax Assets, Valuation Allowance | 230,900 | 2,400 |
Peru [Member] | ' | ' |
Deferred Tax Assets, Valuation Allowance | $0 | $31,300 |
Income_Taxes_Unrecognized_Tax_
Income Taxes (Unrecognized Tax Benefits) (Details) (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2010 | Dec. 31, 2008 |
Income Taxes [Abstract] | ' | ' | ' | ' |
Unrecognized tax benefits at January 1 | ' | $35,639 | $35,572 | $102,880 |
Additions for current year tax positions | 0 | 3,118 | 2,896 | ' |
Additions for prior year tax positions | 0 | 0 | 0 | ' |
Reductions for current year tax positions | 0 | -551 | 0 | ' |
Reductions for prior year tax positions | -26,519 | -2,197 | -60,501 | ' |
Lapse of statute of limitations | 0 | 0 | -1,392 | ' |
Settlements with taxing authorities | 0 | 0 | 0 | ' |
Foreign currency translation adjustment | -434 | -303 | -8,311 | ' |
Unrecognized tax benefits at December 31 | $8,686 | ' | ' | $102,880 |
Income_Taxes_Income_from_Conti
Income Taxes (Income from Continuing Operations Before Income Taxes) (Details) (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Income Taxes [Abstract] | ' | ' | ' | ' |
U.S. | ($378,942) | ($313,716) | ' | ($284,164) |
Non-U.S. | -784,423 | -125,619 | ' | 898,064 |
(Loss) income from continuing operations before income tax provision | ($1,163,365) | ($439,335) | $613,900 | $613,900 |
Employee_Stock_and_Benefit_Pla2
Employee Stock and Benefit Plans (Narrative) (Details) (USD $) | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | |||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Apr. 24, 2012 | Apr. 23, 2012 | Dec. 31, 2013 | Apr. 23, 2012 | Dec. 31, 2013 | Dec. 31, 2010 | |
Stock Options [Member] | Stock Options [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term in Years, Maximum | 4.81 | 4.78 | 4.76 | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term in Years, Minimum | 4.78 | 4.65 | 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 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock options, granted | ' | ' | ' | ' | ' | 1,375,969 | 1,475,969 | ' | ' | ' |
Restricted stock, granted | ' | ' | ' | ' | ' | ' | ' | 358,555 | 3,024,472 | ' |
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 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock options and restricted shares granted over period of time | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3 |
Stock options and restricted shares granted | ' | ' | ' | ' | ' | ' | ' | ' | ' | 33.00% |
Share-based payment expense related to stock options | 9,000,000 | 20,300,000 | 40,000,000 | ' | ' | ' | ' | ' | ' | ' |
Share-based payment expense related to restricted stock | 20,000,000 | 22,200,000 | ' | 14,600,000 | ' | ' | ' | ' | ' | ' |
Unrecognized compensation cost | ' | ' | ' | ' | ' | ' | 10,800,000 | ' | 29,600,000 | ' |
Recognized over a weighted average period | ' | ' | ' | ' | ' | ' | '1 year 5 months 21 days | ' | '1 year 5 months 15 days | ' |
Cash received from exercise under all share-based payment arrangements | -1,000,000 | -2,000,000 | 25,000,000 | ' | ' | ' | ' | ' | ' | ' |
Total intrinsic value of options exercised | ' | 200,000 | 25,600,000 | ' | ' | ' | ' | ' | ' | ' |
Total fair value of options vested | 39,100,000 | 54,300,000 | 61,900,000 | ' | ' | ' | ' | ' | ' | ' |
Weighted average fair value of the stock option awards on their grant dates | $4.64 | $7.31 | $17.62 | ' | ' | ' | ' | ' | ' | ' |
Total fair value of restricted stock vested | $7,700,000 | $11,100,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Restricted stock shares, vested | ' | ' | ' | ' | ' | ' | ' | ' | 1,051,863 | ' |
Weighted average fair value of the restricted stock awards on their grant dates | $8.69 | $16.97 | ' | $40.28 | ' | ' | ' | ' | $24.15 | ' |
Employee_Stock_and_Benefit_Pla3
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, 2013 | Dec. 31, 2012 | |
Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Granted | 2,645,779 | ' | ' |
Share Based Compensation Arrangement By Share Based Payment Award Exercised Weighted Average Remaining Contractual Term | ' | $4.14 | ' |
Weighted Average Remaining Life of Options Outstanding, beginning balance | ' | '5 years 2 months 22 days | ' |
Weighted Average Remaining Life of Options Outstanding, ending balance | ' | '5 years 2 months 22 days | ' |
Stock Options [Member] | ' | ' | ' |
Number of Options Outstanding, beginning balance | ' | 11,259,868 | 13,961,759 |
Number of Options, Granted | 1,375,969 | 1,475,969 | ' |
Number of Options, Exercised | ' | 0 | ' |
Number of Options, Forfeited | ' | -4,177,860 | ' |
Number of Options Outstanding, ending balance | ' | 11,259,868 | 13,961,759 |
Number of Options, Exercisable | ' | 8,706,525 | ' |
Weighted Average Exercise Price per Option Outstanding, beginning balance | ' | $36.20 | $39.21 |
Weighted Average Exercise Price per Option, Granted | ' | $8.28 | ' |
Weighted Average Exercise Price per Option, Exercised | ' | $0 | ' |
Weighted Average Exercise Price per Option, Forfeited | ' | $36.44 | ' |
Weighted Average Exercise Price per Option, ending balance | ' | $36.20 | $39.21 |
Weighted Average Exercise Price per Option, ending balance, Exercisable | ' | $43.23 | ' |
Aggregate Intrinsic Value of Options Outstanding, beginning balance | ' | $67,800 | ' |
Aggregate Intrinsic Value of Options Outstanding, ending balance | ' | 67,800 | ' |
Aggregate Intrinsic Value of Options Outstanding, Exercisable | ' | $0 | ' |
Employee_Stock_and_Benefit_Pla4
Employee Stock and Benefit Plans (Assumptions in Option Pricing Model) (Details) | 12 Months Ended | |||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | |
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 | 4.65 | 4.65 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term in Years, Maximum | 4.81 | 4.78 | 4.76 | ' |
Employee_Stock_and_Benefit_Pla5
Employee Stock and Benefit Plans (Summary of the Status of Non-Vested Restricted Stock Awards) (Details) (USD $) | 12 Months Ended | 0 Months Ended | 12 Months Ended | |||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2010 | Apr. 23, 2012 | Dec. 31, 2013 | Dec. 31, 2011 | |
Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | ||||
Number of Non-vested restricted stock awards, beginning balance | ' | ' | ' | ' | 3,919,485 | 2,971,757 |
Non-vested restricted stock awards, Weighted Average Grant Date Fair Value Per Share, beginning balance | ' | ' | ' | ' | $12.99 | $21.95 |
Non-vested restricted stock awards, Granted, Number of Shares | ' | ' | ' | 358,555 | 3,024,472 | ' |
Non-vested restricted stock awards, Granted, Weighted Average Grant Date Fair Value Per Share | ' | ' | ' | ' | $8.69 | ' |
Non-vested restricted stock awards, Vested, Number of Shares | ' | ' | ' | ' | -1,051,863 | ' |
Non-vested restricted stock awards, Vested, Weighted Average Grant Date Fair Value Per Share | $8.69 | $16.97 | $40.28 | ' | $24.15 | ' |
Non-vested restricted stock awards, Forfeited, Number of Shares | ' | ' | ' | ' | -1,024,881 | ' |
Non-vested restricted stock awards, Forfeited, Weighted Average Grant Date Fair Value Per Share | ' | ' | ' | ' | $16.44 | ' |
Number of Non-vested restricted stock awards, ending balance | ' | ' | ' | ' | 3,919,485 | 2,971,757 |
Non-vested restricted stock awards, Weighted Average Grant Date Fair Value Per Share, ending balance | ' | ' | ' | ' | $12.99 | $21.95 |
Segment_Information_Segment_Re
Segment Information (Segment Reporting Information) (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Restructuring, Settlement and Impairment Provisions | ' | ' | ' | ' | ' | ' | ' | ' | ($171,047) | ($329,767) | ' | $0 |
Operating revenues | 1,080,900 | 1,101,265 | 1,259,560 | 1,330,839 | 1,381,972 | 1,407,367 | 1,409,424 | 1,544,359 | 4,772,564 | 5,743,122 | 6,380,817 | 6,380,817 |
Operating Income Loss Before Depreciation And Amortization | ' | ' | ' | ' | ' | ' | ' | ' | 358,536 | 953,933 | 1,554,750 | ' |
Segment earnings (losses) | ' | ' | ' | ' | ' | ' | ' | ' | 358,536 | 953,933 | 1,554,750 | ' |
Less: Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | -698,347 | -649,545 | -588,164 | -588,164 |
Foreign currency transaction losses, net | ' | ' | ' | ' | ' | ' | ' | ' | -143,745 | -53,957 | -37,297 | -37,297 |
Interest expense and other, net | ' | ' | ' | ' | ' | ' | ' | ' | -508,762 | -359,999 | -315,389 | ' |
(Loss) income from continuing operations before income tax provision | ' | ' | ' | ' | ' | ' | ' | ' | -1,163,365 | -439,335 | 613,900 | 613,900 |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 882,948 | 1,421,117 | 1,344,705 | ' |
Identifiable assets | 8,679,954 | ' | ' | ' | 9,223,078 | ' | ' | ' | 8,679,954 | 9,223,078 | ' | ' |
Brazil [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | 2,208,034 | 2,902,350 | 3,456,758 | ' |
Operating Income Loss Before Depreciation And Amortization | ' | ' | ' | ' | ' | ' | ' | ' | 311,129 | 674,632 | 1,047,297 | ' |
Segment earnings (losses) | ' | ' | ' | ' | ' | ' | ' | ' | 311,129 | 674,632 | 1,047,297 | ' |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 461,458 | 632,796 | 656,498 | ' |
Identifiable assets | 3,705,642 | ' | ' | ' | 4,191,668 | ' | ' | ' | 3,705,642 | 4,191,668 | ' | ' |
Mexico [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | 1,872,697 | 2,109,573 | 2,249,447 | ' |
Operating Income Loss Before Depreciation And Amortization | ' | ' | ' | ' | ' | ' | ' | ' | 179,896 | 561,059 | 747,247 | ' |
Segment earnings (losses) | ' | ' | ' | ' | ' | ' | ' | ' | 179,896 | 561,059 | 747,247 | ' |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 375,522 | 523,555 | 387,345 | ' |
Identifiable assets | 2,695,091 | ' | ' | ' | 2,458,361 | ' | ' | ' | 2,695,091 | 2,458,361 | ' | ' |
Argentina [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | 636,448 | 685,201 | 648,926 | ' |
Operating Income Loss Before Depreciation And Amortization | ' | ' | ' | ' | ' | ' | ' | ' | 179,418 | 180,956 | 168,790 | ' |
Segment earnings (losses) | ' | ' | ' | ' | ' | ' | ' | ' | 179,418 | 180,956 | 168,790 | ' |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 21,183 | 56,825 | 86,363 | ' |
Identifiable assets | 451,041 | ' | ' | ' | 484,343 | ' | ' | ' | 451,041 | 484,343 | ' | ' |
Chile [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | 72,677 | 49,886 | 27,103 | ' |
Operating Income Loss Before Depreciation And Amortization | ' | ' | ' | ' | ' | ' | ' | ' | -134,057 | -173,229 | -74,613 | ' |
Segment earnings (losses) | ' | ' | ' | ' | ' | ' | ' | ' | -134,057 | -173,229 | -74,613 | ' |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 10,854 | 115,421 | 115,479 | ' |
Identifiable assets | 169,062 | ' | ' | ' | 199,365 | ' | ' | ' | 169,062 | 199,365 | ' | ' |
Corporate and Eliminations [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | -17,292 | -3,888 | -1,417 | ' |
Operating Income Loss Before Depreciation And Amortization | ' | ' | ' | ' | ' | ' | ' | ' | -177,850 | -289,485 | -333,971 | ' |
Segment earnings (losses) | ' | ' | ' | ' | ' | ' | ' | ' | -177,850 | -289,485 | -333,971 | ' |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 13,931 | 92,520 | 99,020 | ' |
Identifiable assets | $1,659,118 | ' | ' | ' | $1,889,341 | ' | ' | ' | $1,659,118 | $1,889,341 | ' | ' |
Quarterly_Financial_Data_Unaud2
Quarterly Financial Data (Unaudited) (Quarterly Financial Data) (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Quarterly Financial Information Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating revenues | $1,080,900 | $1,101,265 | $1,259,560 | $1,330,839 | $1,381,972 | $1,407,367 | $1,409,424 | $1,544,359 | $4,772,564 | $5,743,122 | $6,380,817 | $6,380,817 |
Operating income (loss) | -186,580 | -162,757 | -82,005 | -79,516 | -346,138 | 60,254 | 63,719 | 196,786 | -510,858 | -25,379 | ' | 966,586 |
Net loss from continuing operations | -745,610 | -293,131 | -384,856 | -185,820 | -476,386 | -61,678 | -85,266 | 25,851 | -1,609,417 | -597,479 | ' | 262,694 |
Net loss from discontinued operations | ($193) | ($6,810) | ($11,495) | ($21,684) | ($116,523) | ($20,740) | ($18,245) | ($12,262) | ($40,182) | ($167,770) | ($37,498) | ($37,498) |
Net loss from continuing operations, per common share, basic and diluted | ($4.33) | ($1.70) | ($2.23) | ($1.08) | ($2.77) | ($0.36) | ($0.50) | $0.15 | ($9.36) | ($3.48) | ' | $1.53 |
Net income (loss) from continuing operations, per common share, diluted | ' | ' | ' | ' | ($2.77) | ($0.36) | ($0.50) | $0.15 | ($0.24) | ($0.98) | ' | ($0.22) |
Net loss from discontinued operations, per common share, basic and diluted | $0 | ($0.04) | ($0.07) | ($0.13) | ($0.68) | ($0.12) | ($0.10) | ($0.07) | ($9.36) | ($3.48) | ' | $1.52 |
Quarterly_Financial_Data_Unaud3
Quarterly Financial Data (Unaudited) Quarterly Financial Data (Unaudited) - Narrative (Details) (USD $) | 3 Months Ended | 12 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Restructuring Costs and Asset Impairment Charges | $124.60 | ' | ' |
Asset Impairment Charges | 85.3 | 322.2 | 0 |
CHILE | ' | ' | ' |
Asset Impairment Charges | $33.50 | $298.80 | ' |
Condensed_Consolidating_Financ2
Condensed Consolidating Financial Statements (Narrative) (Details) (USD $) | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 1 Months Ended | 0 Months Ended | 3 Months Ended | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Mar. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Mar. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 30, 2011 | Mar. 31, 2011 | Dec. 31, 2013 | Aug. 31, 2009 | Dec. 31, 2009 | Dec. 31, 2011 | Apr. 12, 2013 | Mar. 31, 2012 | Dec. 31, 2013 | Apr. 10, 2013 | |
NII Holdings Inc. (Parent) [Member] | NII Holdings Inc. (Parent) [Member] | NII Holdings Inc. (Parent) [Member] | NII Holdings Inc. (Parent) [Member] | NII Holdings Inc. (Parent) [Member] | Guarantor Subsidiaries [Member] | Guarantor Subsidiaries [Member] | Guarantor Subsidiaries [Member] | Guarantor Subsidiaries [Member] | Guarantor Subsidiaries [Member] | 7.875% Senior Notes Due 2019 [Member] | 7.625% Senior Notes Due 2021 [Member] | 7.625% Senior Notes Due 2021 [Member] | 7.625% Senior Notes Due 2021 [Member] | 10.0% and 8.875% Senior Notes Due 2019 and 2016 [Member] | 10.0% Senior Notes Due 2016 [Member] | 8.875% Senior Notes Due 2019 [Member] | 8.875% Senior Notes Due 2019 [Member] | 11.375% Senior Notes Due 2019 [Member] | 11.375% Senior Notes Due 2019 [Member] | 11.375% Senior Notes Due 2019 [Member] | 11.375% Senior Notes Due 2019 [Member] | ||||
Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | ||||||||||||||||||||||
Notes Issued | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $700,000,000 | ' | ' | ' | ' | $800,000,000 | $500,000,000 | ' | $150,000,000 | $750,000,000 | $900,000,000 | ' |
Principal amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,450,000,000 | 700,000,000 | 750,000,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Notes interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7.88% | ' | ' | 7.63% | ' | 10.00% | ' | 8.88% | ' | ' | 11.38% | 11.38% |
Senior Notes | 2,729,321,000 | 2,725,303,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,300,000,000 | ' | ' | ' | ' | ' | ' | ' |
Maturity Date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'August 15, 2019 | ' | ' | ' | ' | 'August 15, 2016 | 'December 15, 2019 | ' | ' | ' | 'August 15, 2019 | ' |
Net Cash Provided by (Used in) Investing Activities | -177,612,000 | -1,055,160,000 | -910,283,000 | -206,031,000 | -94,619,000 | -159,441,000 | 171,800,000 | 225,300,000 | -15,492,000 | -92,574,000 | -122,124,000 | 76,900,000 | 122,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net Cash Provided by (Used in) Operating Activities | -192,451,000 | 353,183,000 | 982,391,000 | -171,667,000 | 3,293,000 | 107,932,000 | ' | ' | -159,744,000 | -108,934,000 | -212,397,000 | 167,000,000 | 226,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net Cash Provided by (Used in) Financing Activities | $776,591,000 | ($238,295,000) | $525,003,000 | ($1,010,000) | ($216,010,000) | $545,670,000 | ' | ' | $174,353,000 | $199,561,000 | $220,751,000 | $243,900,000 | $348,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Condensed_Consolidating_Financ3
Condensed Consolidating Financial Statements (Condensed Consolidating Balance Sheet) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | ||
In Thousands, unless otherwise specified | ||||||
Cash and cash equivalents | $1,733,783 | $1,371,173 | $2,310,659 | $1,703,977 | ||
Short-term investments | 585,760 | 204,834 | ' | ' | ||
Accounts receivable, net | 522,563 | 674,459 | ' | ' | ||
Short-term intercompany receivables | 0 | 0 | ' | ' | ||
Handset and accessory inventory | 342,585 | 323,329 | ' | ' | ||
Deferred income taxes, net | 127,395 | 175,753 | ' | ' | ||
Assets Held-for-sale, Current | 0 | 97,393 | ' | ' | ||
Prepaid expenses and other | 436,100 | 488,091 | ' | ' | ||
Total current assets | 3,748,186 | 3,335,032 | ' | ' | ||
Property, plant and equipment, net | 3,388,060 | 3,531,271 | ' | ' | ||
Investments in and advances to affiliates | 0 | 0 | ' | ' | ||
Intangible assets, net | 993,669 | 1,125,382 | ' | ' | ||
Deferred income taxes, net | 26,713 | 367,181 | ' | ' | ||
Long-term intercompany receivables | 0 | 0 | ' | ' | ||
Assets Held-for-sale, Long Lived | ' | 400,300 | ' | ' | ||
Other assets | 523,326 | 463,912 | ' | ' | ||
Total assets | 8,679,954 | 9,223,078 | ' | ' | ||
Accounts payable | 369,056 | 424,177 | ' | ' | ||
Short-term intercompany payables | 0 | 0 | ' | ' | ||
Accrued expenses and other | 972,534 | 969,793 | ' | ' | ||
Deferred revenues | 128,148 | 144,105 | ' | ' | ||
Current portion of long-term debt | 96,839 | 94,039 | ' | ' | ||
Deposits related to 2013 tower transactions | 720,013 | 0 | ' | ' | ||
Liabilities held for sale | 0 | 127,911 | ' | ' | ||
Total current liabilities | 2,286,590 | 1,760,025 | ' | ' | ||
Long-term debt | 5,696,632 | 4,765,505 | ' | ' | ||
Deferred revenues | 11,238 | 14,007 | ' | ' | ||
Deferred credits | 108,991 | 58,189 | ' | ' | ||
Long-term intercompany payables | 0 | 0 | ' | ' | ||
Liabilities of Disposal Group, Including Discontinued Operation, Noncurrent | 0 | 12,735 | ' | ' | ||
Other long-term liabilities | 221,116 | 296,168 | ' | ' | ||
Total liabilities | 8,324,567 | 6,906,629 | ' | ' | ||
Total stockholders' equity | 355,387 | 2,316,449 | ' | ' | ||
Total liabilities and stockholders' equity | 8,679,954 | 9,223,078 | ' | ' | ||
NII Holdings Inc. (Parent) [Member] | ' | ' | ' | ' | ||
Cash and cash equivalents | 356,314 | 735,022 | 1,042,358 | 548,197 | ||
Short-term investments | 0 | 0 | ' | ' | ||
Accounts receivable, net | 0 | 0 | ' | ' | ||
Short-term intercompany receivables | 31,803 | 19,716 | ' | ' | ||
Handset and accessory inventory | 0 | 0 | ' | ' | ||
Deferred income taxes, net | 0 | 0 | ' | ' | ||
Assets Held-for-sale, Current | ' | 0 | ' | ' | ||
Prepaid expenses and other | 6,832 | 6,617 | ' | ' | ||
Total current assets | 394,949 | 761,355 | ' | ' | ||
Property, plant and equipment, net | 0 | 0 | ' | ' | ||
Investments in and advances to affiliates | 1,867,753 | 2,717,391 | ' | ' | ||
Intangible assets, net | 18,000 | 18,000 | ' | ' | ||
Deferred income taxes, net | 16,025 | 13,683 | ' | ' | ||
Long-term intercompany receivables | 1,474,658 | 2,377,065 | ' | ' | ||
Assets Held-for-sale, Long Lived | ' | 0 | ' | ' | ||
Other assets | 29,381 | 16,280 | ' | ' | ||
Total assets | 3,800,766 | 5,903,774 | ' | ' | ||
Accounts payable | 0 | 0 | ' | ' | ||
Short-term intercompany payables | 464,798 | 597,678 | ' | ' | ||
Accrued expenses and other | 0 | 3,734 | ' | ' | ||
Deferred revenues | 0 | 0 | ' | ' | ||
Current portion of long-term debt | 0 | 0 | ' | ' | ||
Deposits related to 2013 tower transactions | 0 | ' | ' | ' | ||
Liabilities held for sale | ' | 0 | ' | ' | ||
Total current liabilities | 464,798 | 601,412 | ' | ' | ||
Long-term debt | 23 | 23 | ' | ' | ||
Deferred revenues | 0 | 0 | ' | ' | ||
Deferred credits | 3 | 0 | ' | ' | ||
Long-term intercompany payables | 2,950,226 | 2,953,495 | ' | ' | ||
Liabilities of Disposal Group, Including Discontinued Operation, Noncurrent | ' | 0 | ' | ' | ||
Other long-term liabilities | 30,329 | 32,395 | ' | ' | ||
Total liabilities | 3,445,379 | 3,587,325 | ' | ' | ||
Total stockholders' equity | 355,387 | 2,316,449 | ' | ' | ||
Total liabilities and stockholders' equity | 3,800,766 | 5,903,774 | ' | ' | ||
NII Holdings,Inc. (Parent and Guarantor) [Member] | ' | ' | ' | ' | ||
Cash and cash equivalents | 356,314 | 735,022 | 1,042,358 | 548,197 | ||
Short-term investments | 0 | 0 | ' | ' | ||
Accounts receivable, net | 0 | 0 | ' | ' | ||
Short-term intercompany receivables | 31,803 | 19,716 | ' | ' | ||
Handset and accessory inventory | 0 | 0 | ' | ' | ||
Deferred income taxes, net | 0 | 0 | ' | ' | ||
Assets Held-for-sale, Current | ' | 0 | ' | ' | ||
Prepaid expenses and other | 6,832 | 6,617 | ' | ' | ||
Total current assets | 394,949 | 761,355 | ' | ' | ||
Property, plant and equipment, net | 0 | 0 | ' | ' | ||
Investments in and advances to affiliates | 1,867,753 | 2,717,391 | ' | ' | ||
Intangible assets, net | 18,000 | 18,000 | ' | ' | ||
Deferred income taxes, net | 16,025 | 13,683 | ' | ' | ||
Long-term intercompany receivables | 1,474,658 | 2,377,065 | ' | ' | ||
Assets Held-for-sale, Long Lived | ' | 0 | ' | ' | ||
Other assets | 29,381 | 16,280 | ' | ' | ||
Total assets | 3,800,766 | 5,903,774 | ' | ' | ||
Accounts payable | 0 | 0 | ' | ' | ||
Short-term intercompany payables | 464,798 | 597,678 | ' | ' | ||
Accrued expenses and other | 0 | 3,734 | ' | ' | ||
Deferred revenues | 0 | 0 | ' | ' | ||
Current portion of long-term debt | 0 | 0 | ' | ' | ||
Deposits related to 2013 tower transactions | 0 | ' | ' | ' | ||
Liabilities held for sale | ' | 0 | ' | ' | ||
Total current liabilities | 464,798 | 601,412 | ' | ' | ||
Long-term debt | 23 | 23 | ' | ' | ||
Deferred revenues | 0 | 0 | ' | ' | ||
Deferred credits | 3 | 0 | ' | ' | ||
Long-term intercompany payables | 2,950,226 | 2,953,495 | ' | ' | ||
Liabilities of Disposal Group, Including Discontinued Operation, Noncurrent | ' | 0 | ' | ' | ||
Other long-term liabilities | 30,329 | 32,395 | ' | ' | ||
Total liabilities | 3,445,379 | 3,587,325 | ' | ' | ||
Total stockholders' equity | 355,387 | 2,316,449 | ' | ' | ||
Total liabilities and stockholders' equity | 3,800,766 | 5,903,774 | ' | ' | ||
NII Capital Corp. (Issuer) [Member] | ' | ' | ' | ' | ||
Cash and cash equivalents | 0 | [1] | 0 | [1] | 956 | 28 |
Short-term investments | 0 | [1] | 0 | [1] | ' | ' |
Accounts receivable, net | 0 | [1] | 0 | [1] | ' | ' |
Short-term intercompany receivables | 129,810 | [1] | 79,899 | [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 | 129,810 | [1] | 79,899 | [1] | ' | ' |
Property, plant and equipment, net | 0 | [1] | 0 | [1] | ' | ' |
Investments in and advances to affiliates | 1,503,202 | [1] | 2,291,545 | [1] | ' | ' |
Intangible assets, net | 0 | [1] | 0 | [1] | ' | ' |
Deferred income taxes, net | 0 | [1] | 0 | [1] | ' | ' |
Long-term intercompany receivables | 3,714,760 | [1] | 3,762,924 | [1] | ' | ' |
Assets Held-for-sale, Long Lived | ' | 0 | [1] | ' | ' | |
Other assets | 32,556 | [1] | 38,942 | [1] | ' | ' |
Total assets | 5,380,328 | [1] | 6,173,310 | [1] | ' | ' |
Accounts payable | 0 | [1] | 0 | [1] | ' | ' |
Short-term intercompany payables | 132,007 | [1] | 132,136 | [1] | ' | ' |
Accrued expenses and other | 59,490 | [1] | 59,490 | [1] | ' | ' |
Deferred revenues | 0 | [1] | 0 | [1] | ' | ' |
Current portion of long-term debt | 0 | [1] | 0 | [1] | ' | ' |
Deposits related to 2013 tower transactions | 0 | [1] | ' | ' | ' | |
Liabilities held for sale | ' | 0 | [1] | ' | ' | |
Total current liabilities | 191,497 | [1] | 191,626 | [1] | ' | ' |
Long-term debt | 2,729,321 | [1] | 2,725,303 | [1] | ' | ' |
Deferred revenues | 0 | [1] | 0 | [1] | ' | ' |
Deferred credits | 2,950 | [1] | 2,950 | [1] | ' | ' |
Long-term intercompany payables | 0 | [1] | 0 | [1] | ' | ' |
Liabilities of Disposal Group, Including Discontinued Operation, Noncurrent | ' | 0 | [1] | ' | ' | |
Other long-term liabilities | 0 | [1] | 0 | [1] | ' | ' |
Total liabilities | 2,923,768 | [1] | 2,919,879 | [1] | ' | ' |
Total stockholders' equity | ' | 3,253,431 | [1] | ' | ' | |
Total liabilities and stockholders' equity | 5,380,328 | [1] | 6,173,310 | [1] | ' | ' |
NII International Telecom (Issuer) [Member] | ' | ' | ' | ' | ||
Cash and cash equivalents | 771,347 | [1] | 310,769 | [1] | 463 | 67 |
Short-term investments | 167,189 | [1] | 0 | [1] | ' | ' |
Accounts receivable, net | 0 | [1] | 0 | [1] | ' | ' |
Short-term intercompany receivables | 66,000 | [1] | 6 | [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 | 700 | [1] | 0 | [1] | ' | ' |
Total current assets | 1,005,236 | [1] | 310,775 | [1] | ' | ' |
Property, plant and equipment, net | 0 | [1] | 0 | [1] | ' | ' |
Investments in and advances to affiliates | 1,842,211 | [1] | 2,753,569 | [1] | ' | ' |
Intangible assets, net | 0 | [1] | 0 | [1] | ' | ' |
Deferred income taxes, net | 0 | [1] | 0 | [1] | ' | ' |
Long-term intercompany receivables | 1,145,218 | [1] | 9,170 | [1] | ' | ' |
Assets Held-for-sale, Long Lived | ' | 0 | [1] | ' | ' | |
Other assets | 54,167 | [1] | 180 | [1] | ' | ' |
Total assets | 4,046,832 | [1] | 3,073,694 | [1] | ' | ' |
Accounts payable | 0 | [1] | 0 | [1] | ' | ' |
Short-term intercompany payables | 80,200 | [1] | 80,044 | [1] | ' | ' |
Accrued expenses and other | 59,527 | [1] | 85 | [1] | ' | ' |
Deferred revenues | 0 | [1] | 0 | [1] | ' | ' |
Current portion of long-term debt | 0 | [1] | 0 | [1] | ' | ' |
Deposits related to 2013 tower transactions | 0 | [1] | ' | ' | ' | |
Liabilities held for sale | ' | 0 | [1] | ' | ' | |
Total current liabilities | 139,727 | [1] | 80,129 | [1] | ' | ' |
Long-term debt | 1,609,962 | [1] | 0 | [1] | ' | ' |
Deferred revenues | 0 | [1] | 0 | [1] | ' | ' |
Deferred credits | 0 | [1] | 0 | [1] | ' | ' |
Long-term intercompany payables | 644,000 | [1] | 644,000 | [1] | ' | ' |
Liabilities of Disposal Group, Including Discontinued Operation, Noncurrent | ' | 0 | [1] | ' | ' | |
Other long-term liabilities | 0 | [1] | 0 | [1] | ' | ' |
Total liabilities | 2,393,689 | [1] | 724,129 | [1] | ' | ' |
Total stockholders' equity | 1,653,143 | [1] | 2,349,565 | [1] | ' | ' |
Total liabilities and stockholders' equity | 4,046,832 | [1] | 3,073,694 | [1] | ' | ' |
Guarantor Subsidiaries [Member] | ' | ' | ' | ' | ||
Cash and cash equivalents | 5,586 | [2] | 6,469 | [2] | 8,416 | 122,186 |
Short-term investments | 0 | [2] | 0 | [2] | ' | ' |
Accounts receivable, net | 627 | [2] | 1,820 | [2] | ' | ' |
Short-term intercompany receivables | 72,595 | [2] | 39,126 | [2] | ' | ' |
Handset and accessory inventory | 0 | [2] | 0 | [2] | ' | ' |
Deferred income taxes, net | 1,145 | [2] | 4,947 | [2] | ' | ' |
Assets Held-for-sale, Current | ' | 0 | [2] | ' | ' | |
Prepaid expenses and other | 7,914 | [2] | 10,001 | [2] | ' | ' |
Total current assets | 87,867 | [2] | 62,363 | [2] | ' | ' |
Property, plant and equipment, net | 130,729 | [2] | 223,888 | [2] | ' | ' |
Investments in and advances to affiliates | 1,562,080 | [2] | 2,388,414 | [2] | ' | ' |
Intangible assets, net | 0 | [2] | 0 | [2] | ' | ' |
Deferred income taxes, net | 0 | [2] | 0 | [2] | ' | ' |
Long-term intercompany receivables | 701,680 | [2] | 735,842 | [2] | ' | ' |
Assets Held-for-sale, Long Lived | ' | 0 | [2] | ' | ' | |
Other assets | 15,383 | [2] | 22,356 | [2] | ' | ' |
Total assets | 2,497,739 | [2] | 3,432,863 | [2] | ' | ' |
Accounts payable | 727 | [2] | 5,927 | [2] | ' | ' |
Short-term intercompany payables | 1,485,835 | [2] | 1,555,745 | [2] | ' | ' |
Accrued expenses and other | 26,089 | [2] | 28,760 | [2] | ' | ' |
Deferred revenues | 0 | [2] | 22 | [2] | ' | ' |
Current portion of long-term debt | 1,871 | [2] | 12,851 | [2] | ' | ' |
Deposits related to 2013 tower transactions | 0 | [2] | ' | ' | ' | |
Liabilities held for sale | ' | 0 | [2] | ' | ' | |
Total current liabilities | 1,514,522 | [2] | 1,603,305 | [2] | ' | ' |
Long-term debt | 33,864 | [2] | 39,493 | [2] | ' | ' |
Deferred revenues | 0 | [2] | 0 | [2] | ' | ' |
Deferred credits | 15,384 | [2] | 11,945 | [2] | ' | ' |
Long-term intercompany payables | 10,390 | [2] | 8,778 | [2] | ' | ' |
Liabilities of Disposal Group, Including Discontinued Operation, Noncurrent | ' | 0 | [2] | ' | ' | |
Other long-term liabilities | 10,248 | [2] | 14,900 | [2] | ' | ' |
Total liabilities | 1,584,408 | [2] | 1,678,421 | [2] | ' | ' |
Total stockholders' equity | ' | 1,754,442 | [2] | ' | ' | |
Total liabilities and stockholders' equity | 2,497,739 | [2] | 3,432,863 | [2] | ' | ' |
Prior Group of Non-Guarantor Subsidiaries [Member] | ' | ' | ' | ' | ||
Cash and cash equivalents | 1,371,883 | 629,682 | 1,258,929 | 1,033,566 | ||
Short-term investments | 585,760 | 204,834 | ' | ' | ||
Accounts receivable, net | 521,936 | 672,639 | ' | ' | ||
Short-term intercompany receivables | 4,779 | 6,564 | ' | ' | ||
Handset and accessory inventory | 342,585 | 323,329 | ' | ' | ||
Deferred income taxes, net | 126,250 | 174,539 | ' | ' | ||
Assets Held-for-sale, Current | ' | 97,393 | ' | ' | ||
Prepaid expenses and other | 421,354 | 471,473 | ' | ' | ||
Total current assets | 3,374,547 | 2,580,453 | ' | ' | ||
Property, plant and equipment, net | 3,257,618 | 3,307,670 | ' | ' | ||
Investments in and advances to affiliates | 0 | 0 | ' | ' | ||
Intangible assets, net | 975,669 | 1,107,382 | ' | ' | ||
Deferred income taxes, net | 26,716 | 367,181 | ' | ' | ||
Long-term intercompany receivables | 1,354 | 166,075 | ' | ' | ||
Assets Held-for-sale, Long Lived | ' | 400,300 | ' | ' | ||
Other assets | 446,006 | 386,334 | ' | ' | ||
Total assets | 8,081,910 | 8,315,395 | ' | ' | ||
Accounts payable | 368,329 | 418,250 | ' | ' | ||
Short-term intercompany payables | 159,322 | 488,730 | ' | ' | ||
Accrued expenses and other | 887,177 | 881,416 | ' | ' | ||
Deferred revenues | 128,148 | 144,083 | ' | ' | ||
Current portion of long-term debt | 94,968 | 81,188 | ' | ' | ||
Deposits related to 2013 tower transactions | 720,013 | ' | ' | ' | ||
Liabilities held for sale | ' | 127,911 | ' | ' | ||
Total current liabilities | 2,357,957 | 2,141,578 | ' | ' | ||
Long-term debt | 2,933,424 | 2,000,686 | ' | ' | ||
Deferred revenues | 11,238 | 14,007 | ' | ' | ||
Deferred credits | 106,682 | 56,977 | ' | ' | ||
Long-term intercompany payables | 929,990 | 1,452,125 | ' | ' | ||
Liabilities of Disposal Group, Including Discontinued Operation, Noncurrent | ' | 12,735 | ' | ' | ||
Other long-term liabilities | 180,539 | 248,873 | ' | ' | ||
Total liabilities | 6,519,830 | 5,926,981 | ' | ' | ||
Total stockholders' equity | ' | 2,388,414 | ' | ' | ||
Total liabilities and stockholders' equity | 8,081,910 | 8,315,395 | ' | ' | ||
Non-Guarantor Subsidiaries [Member] | ' | ' | ' | ' | ||
Cash and cash equivalents | 606,122 | [2] | 325,382 | [2] | 1,267,838 | 1,155,713 |
Short-term investments | 418,571 | [2] | 204,834 | [2] | ' | ' |
Accounts receivable, net | 522,563 | [2] | 674,459 | [2] | ' | ' |
Short-term intercompany receivables | 130,768 | [2] | 81,583 | [2] | ' | ' |
Handset and accessory inventory | 342,585 | [2] | 323,329 | [2] | ' | ' |
Deferred income taxes, net | 127,395 | [2] | 179,486 | [2] | ' | ' |
Assets Held-for-sale, Current | ' | 97,393 | [2] | ' | ' | |
Prepaid expenses and other | 428,568 | [2] | 481,474 | [2] | ' | ' |
Total current assets | 2,576,572 | [2] | 2,367,940 | [2] | ' | ' |
Property, plant and equipment, net | 3,388,347 | [2] | 3,531,558 | [2] | ' | ' |
Investments in and advances to affiliates | 0 | [2] | 0 | [2] | ' | ' |
Intangible assets, net | 975,669 | [2] | 1,107,382 | [2] | ' | ' |
Deferred income taxes, net | 26,716 | [2] | 367,181 | [2] | ' | ' |
Long-term intercompany receivables | 3,981,213 | [2] | 3,950,291 | ' | ' | |
Assets Held-for-sale, Long Lived | ' | 400,300 | [2] | ' | ' | |
Other assets | 439,778 | [2] | 447,452 | [2] | ' | ' |
Total assets | 11,388,295 | [2] | 12,172,104 | [2] | ' | ' |
Accounts payable | 369,056 | [2] | 424,177 | [2] | ' | ' |
Short-term intercompany payables | 1,671,827 | [2] | 1,967,162 | [2] | ' | ' |
Accrued expenses and other | 913,229 | [2] | 969,581 | [2] | ' | ' |
Deferred revenues | 128,148 | [2] | 144,105 | [2] | ' | ' |
Current portion of long-term debt | 96,839 | [2] | 94,039 | [2] | ' | ' |
Deposits related to 2013 tower transactions | 374,569 | [2] | ' | ' | ' | |
Liabilities held for sale | ' | 127,911 | [2] | ' | ' | |
Total current liabilities | 3,553,668 | [2] | 3,726,975 | [2] | ' | ' |
Long-term debt | 4,432,091 | [2] | 4,765,482 | [2] | ' | ' |
Deferred revenues | 11,238 | [2] | 14,007 | [2] | ' | ' |
Deferred credits | 125,016 | [2] | 71,872 | [2] | ' | ' |
Long-term intercompany payables | 1,208,807 | [2] | 600,931 | [2] | ' | ' |
Liabilities of Disposal Group, Including Discontinued Operation, Noncurrent | ' | 12,735 | [2] | ' | ' | |
Other long-term liabilities | 190,787 | [2] | 263,773 | [2] | ' | ' |
Total liabilities | 9,521,607 | [2] | 9,455,775 | [2] | ' | ' |
Total stockholders' equity | 1,866,688 | [2] | 2,716,329 | [2] | ' | ' |
Total liabilities and stockholders' equity | 11,388,295 | [2] | 12,172,104 | [2] | ' | ' |
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 | -238,987 | -145,305 | ' | ' | ||
Handset and accessory inventory | 0 | 0 | ' | ' | ||
Deferred income taxes, net | 0 | -3,733 | ' | ' | ||
Assets Held-for-sale, Current | ' | 0 | ' | ' | ||
Prepaid expenses and other | 0 | 0 | ' | ' | ||
Total current assets | -238,987 | -149,038 | ' | ' | ||
Property, plant and equipment, net | -287 | -287 | ' | ' | ||
Investments in and advances to affiliates | -4,933,035 | -7,397,350 | ' | ' | ||
Intangible assets, net | 0 | 0 | ' | ' | ||
Deferred income taxes, net | -16,028 | -13,683 | ' | ' | ||
Long-term intercompany receivables | -5,892,452 | -7,041,906 | ' | ' | ||
Assets Held-for-sale, Long Lived | ' | 0 | ' | ' | ||
Other assets | 0 | 0 | ' | ' | ||
Total assets | -11,080,789 | -14,602,264 | ' | ' | ||
Accounts payable | 0 | 0 | ' | ' | ||
Short-term intercompany payables | -2,241,962 | -2,774,289 | ' | ' | ||
Accrued expenses and other | -222 | -3,607 | ' | ' | ||
Deferred revenues | 0 | 0 | ' | ' | ||
Current portion of long-term debt | 0 | 0 | ' | ' | ||
Deposits related to 2013 tower transactions | 0 | ' | ' | ' | ||
Liabilities held for sale | ' | 0 | ' | ' | ||
Total current liabilities | -2,242,184 | -2,777,896 | ' | ' | ||
Long-term debt | 0 | 0 | ' | ' | ||
Deferred revenues | 0 | 0 | ' | ' | ||
Deferred credits | -16,028 | -13,683 | ' | ' | ||
Long-term intercompany payables | -3,890,606 | -4,414,398 | ' | ' | ||
Liabilities of Disposal Group, Including Discontinued Operation, Noncurrent | ' | 0 | ' | ' | ||
Other long-term liabilities | 0 | 0 | ' | ' | ||
Total liabilities | -6,148,818 | -7,205,977 | ' | ' | ||
Total stockholders' equity | ' | -7,396,287 | ' | ' | ||
Total liabilities and stockholders' equity | -11,080,789 | -14,602,264 | ' | ' | ||
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 | -228,571 | -101,305 | ' | ' | ||
Handset and accessory inventory | 0 | 0 | ' | ' | ||
Deferred income taxes, net | 0 | -3,733 | ' | ' | ||
Assets Held-for-sale, Current | ' | 0 | ' | ' | ||
Prepaid expenses and other | 0 | 0 | ' | ' | ||
Total current assets | -228,571 | -105,038 | ' | ' | ||
Property, plant and equipment, net | -287 | -287 | ' | ' | ||
Investments in and advances to affiliates | -3,709,964 | -5,470,960 | ' | ' | ||
Intangible assets, net | 0 | 0 | ' | ' | ||
Deferred income taxes, net | -16,028 | -13,683 | ' | ' | ||
Long-term intercompany receivables | -6,601,089 | -6,336,526 | ' | ' | ||
Assets Held-for-sale, Long Lived | ' | 0 | ' | ' | ||
Other assets | 0 | 0 | ' | ' | ||
Total assets | -10,555,939 | -11,926,494 | ' | ' | ||
Accounts payable | 0 | 0 | ' | ' | ||
Short-term intercompany payables | -2,216,825 | -2,644,884 | ' | ' | ||
Accrued expenses and other | -222 | -3,607 | ' | ' | ||
Deferred revenues | 0 | 0 | ' | ' | ||
Current portion of long-term debt | 0 | 0 | ' | ' | ||
Deposits related to 2013 tower transactions | 345,444 | ' | ' | ' | ||
Liabilities held for sale | ' | 0 | ' | ' | ||
Total current liabilities | -1,871,603 | -2,648,491 | ' | ' | ||
Long-term debt | -345,444 | 0 | ' | ' | ||
Deferred revenues | 0 | 0 | ' | ' | ||
Deferred credits | -16,028 | -13,683 | ' | ' | ||
Long-term intercompany payables | -4,803,033 | -4,198,426 | ' | ' | ||
Liabilities of Disposal Group, Including Discontinued Operation, Noncurrent | ' | 0 | ' | ' | ||
Other long-term liabilities | 0 | 0 | ' | ' | ||
Total liabilities | -7,036,108 | -6,860,600 | ' | ' | ||
Total stockholders' equity | -3,519,831 | -5,065,894 | ' | ' | ||
Total liabilities and stockholders' equity | ($10,555,939) | ($11,926,494) | ' | ' | ||
[1] | NII Capital Corp. is the issuer of our 7.625% senior notes due 2021, our 10.0%Â senior notes due 2016 and our 8.875%Â 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%Â senior notes due 2016 and our 8.875%Â notes due 2019. |
Condensed_Consolidating_Financ4
Condensed Consolidating Financial Statements (Condensed Consolidating Statement of Operations) (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Operating revenues | $1,080,900 | $1,101,265 | $1,259,560 | $1,330,839 | $1,381,972 | $1,407,367 | $1,409,424 | $1,544,359 | $4,772,564 | $5,743,122 | $6,380,817 | $6,380,817 |
Cost of revenues (exclusive of depreciation and amortization included below) | ' | ' | ' | ' | ' | ' | ' | ' | 2,383,955 | 2,404,186 | ' | 2,465,764 |
Selling, general and administrative | ' | ' | ' | ' | ' | ' | ' | ' | 1,913,454 | 2,167,688 | ' | 2,201,102 |
Provision for doubtful accounts | ' | ' | ' | ' | ' | ' | ' | ' | 116,619 | 217,315 | 159,201 | 159,201 |
Restructuring, Settlement and Impairment Provisions | ' | ' | ' | ' | ' | ' | ' | ' | 171,047 | 329,767 | ' | 0 |
Management fee and other | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 698,347 | 649,545 | 588,164 | 588,164 |
Total operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | 5,283,422 | 5,768,501 | ' | 5,414,231 |
Operating income | -186,580 | -162,757 | -82,005 | -79,516 | -346,138 | 60,254 | 63,719 | 196,786 | -510,858 | -25,379 | ' | 966,586 |
Interest expense, net | ' | ' | ' | ' | ' | ' | ' | ' | -539,159 | -365,521 | -311,735 | -311,735 |
Intercompany interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Interest income | ' | ' | ' | ' | ' | ' | ' | ' | 43,379 | 33,862 | ' | 34,096 |
Intercompany interest income | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Foreign currency transaction losses, net | ' | ' | ' | ' | ' | ' | ' | ' | -143,745 | -53,957 | -37,297 | -37,297 |
Equity in income of affiliates | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Other income (expense), net | ' | ' | ' | ' | ' | ' | ' | ' | -12,982 | -28,340 | ' | -37,750 |
Total other expense | ' | ' | ' | ' | ' | ' | ' | ' | -652,507 | -413,956 | ' | -352,686 |
Income before income tax benefit (provision) | ' | ' | ' | ' | ' | ' | ' | ' | -1,163,365 | -439,335 | 613,900 | 613,900 |
Income tax provision | ' | ' | ' | ' | ' | ' | ' | ' | -446,052 | -158,144 | ' | -351,206 |
Net (loss) income from continuing operations | -745,610 | -293,131 | -384,856 | -185,820 | -476,386 | -61,678 | -85,266 | 25,851 | -1,609,417 | -597,479 | ' | 262,694 |
Loss from discontinued operations, net of income taxes | -193 | -6,810 | -11,495 | -21,684 | -116,523 | -20,740 | -18,245 | -12,262 | -40,182 | -167,770 | -37,498 | -37,498 |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | -1,649,599 | -765,249 | 225,196 | 225,196 |
Comprehensive loss, net of income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustment | ' | ' | ' | ' | ' | ' | ' | ' | -334,893 | -97,589 | ' | -462,457 |
Other | ' | ' | ' | ' | ' | ' | ' | ' | 2,257 | -1,802 | ' | -342 |
Other comprehensive loss | ' | ' | ' | ' | ' | ' | ' | ' | -332,636 | -99,391 | ' | -462,799 |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | -1,649,599 | -765,249 | 225,196 | 225,196 |
Total comprehensive loss | ' | ' | ' | ' | ' | ' | ' | ' | -1,982,235 | -864,640 | ' | -237,603 |
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 | ' | ' | ' | ' | ' | ' | ' | ' | 3,136 | 3,180 | ' | 3,467 |
Provision for doubtful accounts | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Restructuring, Settlement and Impairment Provisions | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' |
Management fee and other | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Total operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | 3,136 | 3,180 | ' | 3,467 |
Operating income | ' | ' | ' | ' | ' | ' | ' | ' | -3,136 | -3,180 | ' | -3,467 |
Interest expense, net | ' | ' | ' | ' | ' | ' | ' | ' | -562 | -23,646 | ' | -59,137 |
Intercompany interest expense | ' | ' | ' | -234,799 | ' | ' | ' | -215,501 | -234,799 | -215,501 | -172,465 | -172,465 |
Interest income | ' | ' | ' | ' | ' | ' | ' | ' | 913 | 15,292 | ' | 2,792 |
Intercompany interest income | ' | ' | ' | 1,340 | ' | ' | ' | 1 | 1,340 | 1 | 16,629 | 16,629 |
Foreign currency transaction losses, net | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | -4 |
Equity in income of affiliates | ' | ' | ' | -1,473,856 | ' | ' | ' | -639,902 | -1,473,856 | -639,902 | 324,435 | 324,435 |
Other income (expense), net | ' | ' | ' | ' | ' | ' | ' | ' | 36,017 | 86,324 | ' | 67,040 |
Total other expense | ' | ' | ' | ' | ' | ' | ' | ' | -1,670,947 | -777,432 | ' | 179,290 |
Income before income tax benefit (provision) | ' | ' | ' | -1,674,083 | ' | ' | ' | -780,612 | -1,674,083 | -780,612 | 175,823 | 175,823 |
Income tax provision | ' | ' | ' | 24,484 | ' | ' | ' | 15,363 | 24,484 | 15,363 | 49,373 | 49,373 |
Net (loss) income from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | -1,649,599 | -765,249 | ' | 225,196 |
Loss from discontinued operations, net of income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Net (loss) income | ' | ' | ' | -1,649,599 | ' | ' | ' | -765,249 | -1,649,599 | -765,249 | 225,196 | 225,196 |
Comprehensive loss, net of income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustment | ' | ' | ' | ' | ' | ' | ' | ' | -334,893 | -97,589 | ' | -462,457 |
Other | ' | ' | ' | ' | ' | ' | ' | ' | 2,257 | -1,802 | ' | -342 |
Other comprehensive loss | ' | ' | ' | ' | ' | ' | ' | ' | -332,636 | -99,391 | ' | -462,799 |
Net (loss) income | ' | ' | ' | -1,649,599 | ' | ' | ' | -765,249 | -1,649,599 | -765,249 | 225,196 | 225,196 |
Total comprehensive loss | ' | ' | ' | ' | ' | ' | ' | ' | -1,982,235 | -864,640 | ' | -237,603 |
NII Holdings,Inc. (Parent and Guarantor) [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Cost of revenues (exclusive of depreciation and amortization included below) | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Selling, general and administrative | ' | ' | ' | ' | ' | ' | ' | ' | 3,136 | 3,180 | ' | 3,467 |
Provision for doubtful accounts | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Restructuring, Settlement and Impairment Provisions | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' |
Management fee and other | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Total operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | 3,136 | 3,180 | ' | 3,467 |
Operating income | ' | ' | ' | ' | ' | ' | ' | ' | -3,136 | -3,180 | ' | -3,467 |
Interest expense, net | ' | ' | ' | ' | ' | ' | ' | ' | -562 | -23,646 | ' | -59,137 |
Intercompany interest expense | ' | ' | ' | ' | ' | ' | ' | ' | -234,799 | -215,501 | ' | -172,465 |
Interest income | ' | ' | ' | ' | ' | ' | ' | ' | 913 | 15,292 | ' | 2,792 |
Intercompany interest income | ' | ' | ' | ' | ' | ' | ' | ' | 1,340 | 1 | ' | 16,629 |
Foreign currency transaction losses, net | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | -4 |
Equity in income of affiliates | ' | ' | ' | ' | ' | ' | ' | ' | -1,473,856 | -639,902 | ' | 324,435 |
Other income (expense), net | ' | ' | ' | ' | ' | ' | ' | ' | 36,017 | 86,324 | ' | 67,040 |
Total other expense | ' | ' | ' | ' | ' | ' | ' | ' | -1,670,947 | -777,432 | ' | 179,290 |
Income before income tax benefit (provision) | ' | ' | ' | ' | ' | ' | ' | ' | -1,674,083 | -780,612 | ' | 175,823 |
Income tax provision | ' | ' | ' | ' | ' | ' | ' | ' | 24,484 | 15,363 | ' | 49,373 |
Net (loss) income from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | -1,649,599 | -765,249 | ' | 225,196 |
Loss from discontinued operations, net of income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | -1,649,599 | -765,249 | 225,196 | 225,196 |
Comprehensive loss, net of income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustment | ' | ' | ' | ' | ' | ' | ' | ' | -334,893 | -97,589 | ' | -462,457 |
Other | ' | ' | ' | ' | ' | ' | ' | ' | 2,257 | -1,802 | ' | -342 |
Other comprehensive loss | ' | ' | ' | ' | ' | ' | ' | ' | -332,636 | -99,391 | ' | -462,799 |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | -1,649,599 | -765,249 | 225,196 | 225,196 |
Total comprehensive loss | ' | ' | ' | ' | ' | ' | ' | ' | -1,982,235 | -864,640 | ' | -237,603 |
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 | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 2 | ' | 179 |
Provision for doubtful accounts | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Restructuring, Settlement and Impairment Provisions | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' |
Management fee and other | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Total operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 2 | ' | 179 |
Operating income | ' | ' | ' | ' | ' | ' | ' | ' | 0 | -2 | ' | -179 |
Interest expense, net | ' | ' | ' | ' | ' | ' | ' | ' | -240,132 | -229,652 | ' | -166,940 |
Intercompany interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Interest income | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 24,181 | ' | 0 |
Intercompany interest income | ' | ' | ' | ' | ' | ' | ' | ' | 284,709 | 261,352 | ' | 222,866 |
Foreign currency transaction losses, net | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Equity in income of affiliates | ' | ' | ' | ' | ' | ' | ' | ' | -1,274,274 | -443,294 | ' | 506,345 |
Other income (expense), net | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Total other expense | ' | ' | ' | ' | ' | ' | ' | ' | -1,229,697 | -387,413 | ' | 562,271 |
Income before income tax benefit (provision) | ' | ' | ' | ' | ' | ' | ' | ' | -1,229,697 | -387,415 | ' | 562,092 |
Income tax provision | ' | ' | ' | ' | ' | ' | ' | ' | -16,548 | -19,731 | ' | -17,260 |
Net (loss) income from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | -1,246,245 | -407,146 | ' | 544,832 |
Loss from discontinued operations, net of income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | -1,246,245 | -407,146 | 544,832 | 544,832 |
Comprehensive loss, net of income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustment | ' | ' | ' | ' | ' | ' | ' | ' | -335,183 | -96,593 | ' | -462,457 |
Other | ' | ' | ' | ' | ' | ' | ' | ' | 2,257 | -1,802 | ' | -342 |
Other comprehensive loss | ' | ' | ' | ' | ' | ' | ' | ' | -332,926 | -98,395 | ' | -462,799 |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | -1,246,245 | -407,146 | 544,832 | 544,832 |
Total comprehensive loss | ' | ' | ' | ' | ' | ' | ' | ' | -1,579,171 | -505,541 | ' | 82,033 |
NII International Telecom (Issuer) [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Cost of revenues (exclusive of depreciation and amortization included below) | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Selling, general and administrative | ' | ' | ' | ' | ' | ' | ' | ' | 128 | 86 | ' | 85 |
Provision for doubtful accounts | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Restructuring, Settlement and Impairment Provisions | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' |
Management fee and other | ' | ' | ' | ' | ' | ' | ' | ' | 41 | 33 | ' | 5 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Total operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | 169 | 119 | ' | 90 |
Operating income | ' | ' | ' | ' | ' | ' | ' | ' | -169 | -119 | ' | -90 |
Interest expense, net | ' | ' | ' | ' | ' | ' | ' | ' | -120,099 | 0 | ' | 0 |
Intercompany interest expense | ' | ' | ' | ' | ' | ' | ' | ' | -49,910 | -50,094 | ' | -50,408 |
Interest income | ' | ' | ' | ' | ' | ' | ' | ' | 1,240 | 382 | ' | 0 |
Intercompany interest income | ' | ' | ' | ' | ' | ' | ' | ' | 20,212 | 266 | ' | 475 |
Foreign currency transaction losses, net | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 1 |
Equity in income of affiliates | ' | ' | ' | ' | ' | ' | ' | ' | -1,121,795 | -389,424 | ' | 566,025 |
Other income (expense), net | ' | ' | ' | ' | ' | ' | ' | ' | 244 | 0 | ' | 0 |
Total other expense | ' | ' | ' | ' | ' | ' | ' | ' | -1,270,108 | -438,870 | ' | 516,093 |
Income before income tax benefit (provision) | ' | ' | ' | ' | ' | ' | ' | ' | -1,270,277 | -438,989 | ' | 516,003 |
Income tax provision | ' | ' | ' | ' | ' | ' | ' | ' | -3 | -2 | ' | -1 |
Net (loss) income from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | -1,270,280 | -438,991 | ' | 516,002 |
Loss from discontinued operations, net of income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | -1,270,280 | -438,991 | 516,002 | 516,002 |
Comprehensive loss, net of income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustment | ' | ' | ' | ' | ' | ' | ' | ' | -335,183 | -96,589 | ' | -462,457 |
Other | ' | ' | ' | ' | ' | ' | ' | ' | 2,257 | -1,802 | ' | -342 |
Other comprehensive loss | ' | ' | ' | ' | ' | ' | ' | ' | -332,926 | -98,391 | ' | -462,799 |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | -1,270,280 | -438,991 | 516,002 | 516,002 |
Total comprehensive loss | ' | ' | ' | ' | ' | ' | ' | ' | -1,603,206 | -537,382 | ' | 53,203 |
Guarantor Subsidiaries [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | 3,114 | 3,071 | ' | 3,072 |
Cost of revenues (exclusive of depreciation and amortization included below) | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 73 | ' | 162 |
Selling, general and administrative | ' | ' | ' | ' | ' | ' | ' | ' | 167,180 | 309,680 | ' | 322,941 |
Provision for doubtful accounts | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Restructuring, Settlement and Impairment Provisions | ' | ' | ' | ' | ' | ' | ' | ' | 97,063 | 0 | ' | ' |
Management fee and other | ' | ' | ' | ' | ' | ' | ' | ' | -75,116 | -126,971 | ' | -153,035 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 28,055 | 36,079 | ' | 12,334 |
Total operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | 217,182 | 218,861 | ' | 182,402 |
Operating income | ' | ' | ' | ' | ' | ' | ' | ' | -214,068 | -215,790 | ' | -179,330 |
Interest expense, net | ' | ' | ' | ' | ' | ' | ' | ' | -1,379 | -2,072 | ' | -2,715 |
Intercompany interest expense | ' | ' | ' | ' | ' | ' | ' | ' | -59 | 0 | ' | 0 |
Interest income | ' | ' | ' | ' | ' | ' | ' | ' | 9 | 801 | ' | 7 |
Intercompany interest income | ' | ' | ' | ' | ' | ' | ' | ' | 549 | 186 | ' | 200 |
Foreign currency transaction losses, net | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Equity in income of affiliates | ' | ' | ' | ' | ' | ' | ' | ' | -1,269,438 | -434,443 | ' | 520,665 |
Other income (expense), net | ' | ' | ' | ' | ' | ' | ' | ' | 612 | 101 | ' | -113 |
Total other expense | ' | ' | ' | ' | ' | ' | ' | ' | -1,269,706 | -435,427 | ' | 518,044 |
Income before income tax benefit (provision) | ' | ' | ' | ' | ' | ' | ' | ' | -1,483,774 | -651,217 | ' | 338,714 |
Income tax provision | ' | ' | ' | ' | ' | ' | ' | ' | -18,111 | -24,833 | ' | -52,766 |
Net (loss) income from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | -1,501,885 | -676,050 | ' | 285,948 |
Loss from discontinued operations, net of income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | -1,501,885 | -676,050 | 285,948 | 285,948 |
Comprehensive loss, net of income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustment | ' | ' | ' | ' | ' | ' | ' | ' | -335,183 | -96,593 | ' | -462,457 |
Other | ' | ' | ' | ' | ' | ' | ' | ' | 2,257 | -1,802 | ' | -342 |
Other comprehensive loss | ' | ' | ' | ' | ' | ' | ' | ' | -332,926 | -98,395 | ' | -462,799 |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | -1,501,885 | -676,050 | 285,948 | 285,948 |
Total comprehensive loss | ' | ' | ' | ' | ' | ' | ' | ' | -1,834,811 | -774,445 | ' | -176,851 |
Prior Group of Non-Guarantor Subsidiaries [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | 4,772,522 | 5,744,605 | ' | 6,380,817 |
Cost of revenues (exclusive of depreciation and amortization included below) | ' | ' | ' | ' | ' | ' | ' | ' | 2,383,955 | 2,405,596 | ' | 2,465,602 |
Selling, general and administrative | ' | ' | ' | ' | ' | ' | ' | ' | 1,751,400 | 1,867,799 | ' | 1,888,945 |
Provision for doubtful accounts | ' | ' | ' | ' | ' | ' | ' | ' | 116,619 | 217,315 | ' | 159,201 |
Restructuring, Settlement and Impairment Provisions | ' | ' | ' | ' | ' | ' | ' | ' | 73,984 | 329,767 | ' | ' |
Management fee and other | ' | ' | ' | ' | ' | ' | ' | ' | 106,264 | 225,202 | ' | 223,630 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 670,292 | 613,466 | ' | 575,830 |
Total operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | 5,102,514 | 5,659,145 | ' | 5,313,208 |
Operating income | ' | ' | ' | ' | ' | ' | ' | ' | -329,992 | 85,460 | ' | 1,067,609 |
Interest expense, net | ' | ' | ' | ' | ' | ' | ' | ' | -297,086 | -110,151 | ' | -82,943 |
Intercompany interest expense | ' | ' | ' | ' | ' | ' | ' | ' | -51,740 | -84,203 | ' | -67,677 |
Interest income | ' | ' | ' | ' | ' | ' | ' | ' | 42,457 | -6,412 | ' | 31,297 |
Intercompany interest income | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 38,165 | ' | 447 |
Foreign currency transaction losses, net | ' | ' | ' | ' | ' | ' | ' | ' | -143,745 | -53,957 | ' | -37,293 |
Equity in income of affiliates | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Other income (expense), net | ' | ' | ' | ' | ' | ' | ' | ' | -13,273 | -6,632 | ' | -22,724 |
Total other expense | ' | ' | ' | ' | ' | ' | ' | ' | -463,387 | -223,190 | ' | -178,893 |
Income before income tax benefit (provision) | ' | ' | ' | ' | ' | ' | ' | ' | -793,379 | -137,730 | ' | 888,716 |
Income tax provision | ' | ' | ' | ' | ' | ' | ' | ' | -435,877 | -128,943 | ' | -330,553 |
Net (loss) income from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | -1,229,256 | -266,673 | ' | 558,163 |
Loss from discontinued operations, net of income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -40,182 | -167,770 | ' | -37,498 |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | -1,269,438 | -434,443 | 520,665 | 520,665 |
Comprehensive loss, net of income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustment | ' | ' | ' | ' | ' | ' | ' | ' | -335,183 | -96,593 | ' | -462,457 |
Other | ' | ' | ' | ' | ' | ' | ' | ' | 2,257 | -1,802 | ' | -342 |
Other comprehensive loss | ' | ' | ' | ' | ' | ' | ' | ' | -332,926 | -98,395 | ' | -462,799 |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | -1,269,438 | -434,443 | 520,665 | 520,665 |
Total comprehensive loss | ' | ' | ' | ' | ' | ' | ' | ' | -1,602,364 | -532,838 | ' | 57,866 |
Non-Guarantor Subsidiaries [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | 4,775,636 | 5,747,676 | ' | 6,383,889 |
Cost of revenues (exclusive of depreciation and amortization included below) | ' | ' | ' | ' | ' | ' | ' | ' | 2,383,955 | 2,405,669 | ' | 2,465,764 |
Selling, general and administrative | ' | ' | ' | ' | ' | ' | ' | ' | 1,913,262 | 2,167,494 | ' | 2,200,622 |
Provision for doubtful accounts | ' | ' | ' | ' | ' | ' | ' | ' | 116,619 | 217,315 | ' | 159,201 |
Restructuring, Settlement and Impairment Provisions | ' | ' | ' | ' | ' | ' | ' | ' | 171,047 | 329,767 | ' | ' |
Management fee and other | ' | ' | ' | ' | ' | ' | ' | ' | 36,298 | 108,100 | ' | 81,949 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 698,347 | 649,545 | ' | 588,164 |
Total operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | 5,319,528 | 5,877,890 | ' | 5,495,700 |
Operating income | ' | ' | ' | ' | ' | ' | ' | ' | -543,892 | -130,214 | ' | 888,189 |
Interest expense, net | ' | ' | ' | ' | ' | ' | ' | ' | -418,498 | -341,875 | ' | -252,598 |
Intercompany interest expense | ' | ' | ' | ' | ' | ' | ' | ' | -21,552 | -33,397 | ' | -17,552 |
Interest income | ' | ' | ' | ' | ' | ' | ' | ' | 41,226 | 18,188 | ' | 31,304 |
Intercompany interest income | ' | ' | ' | ' | ' | ' | ' | ' | 284,709 | 298,725 | ' | 223,321 |
Foreign currency transaction losses, net | ' | ' | ' | ' | ' | ' | ' | ' | -143,745 | -53,957 | ' | -37,294 |
Equity in income of affiliates | ' | ' | ' | ' | ' | ' | ' | ' | -148,484 | -49,566 | ' | -50,023 |
Other income (expense), net | ' | ' | ' | ' | ' | ' | ' | ' | -12,904 | -6,530 | ' | -22,836 |
Total other expense | ' | ' | ' | ' | ' | ' | ' | ' | -419,248 | -168,412 | ' | -125,678 |
Income before income tax benefit (provision) | ' | ' | ' | ' | ' | ' | ' | ' | -963,140 | -298,626 | ' | 762,511 |
Income tax provision | ' | ' | ' | ' | ' | ' | ' | ' | -470,533 | -173,505 | ' | -400,578 |
Net (loss) income from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | -1,433,673 | -472,131 | ' | 361,933 |
Loss from discontinued operations, net of income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -40,182 | -167,770 | ' | -37,498 |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | -1,473,855 | -639,901 | 324,435 | 324,435 |
Comprehensive loss, net of income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustment | ' | ' | ' | ' | ' | ' | ' | ' | -335,183 | -96,589 | ' | -462,457 |
Other | ' | ' | ' | ' | ' | ' | ' | ' | 2,257 | -1,802 | ' | -342 |
Other comprehensive loss | ' | ' | ' | ' | ' | ' | ' | ' | -332,926 | -98,391 | ' | -462,799 |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | -1,473,855 | -639,901 | 324,435 | 324,435 |
Total comprehensive loss | ' | ' | ' | ' | ' | ' | ' | ' | -1,806,781 | -738,292 | ' | -138,364 |
Prior Consolidating Adjustments [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | -3,072 | -4,554 | ' | -3,072 |
Cost of revenues (exclusive of depreciation and amortization included below) | ' | ' | ' | ' | ' | ' | ' | ' | 0 | -1,483 | ' | 0 |
Selling, general and administrative | ' | ' | ' | ' | ' | ' | ' | ' | -8,262 | -12,973 | ' | -14,430 |
Provision for doubtful accounts | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Restructuring, Settlement and Impairment Provisions | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' |
Management fee and other | ' | ' | ' | ' | ' | ' | ' | ' | -31,148 | -98,231 | ' | -70,595 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Total operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | -39,410 | -112,687 | ' | -85,025 |
Operating income | ' | ' | ' | ' | ' | ' | ' | ' | 36,338 | 108,133 | ' | 81,953 |
Interest expense, net | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Intercompany interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 286,598 | 299,704 | ' | 240,142 |
Interest income | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Intercompany interest income | ' | ' | ' | ' | ' | ' | ' | ' | -286,598 | -299,704 | ' | -240,142 |
Foreign currency transaction losses, net | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Equity in income of affiliates | ' | ' | ' | ' | ' | ' | ' | ' | 4,017,568 | 1,517,639 | ' | -1,351,445 |
Other income (expense), net | ' | ' | ' | ' | ' | ' | ' | ' | -36,338 | -108,133 | ' | -81,953 |
Total other expense | ' | ' | ' | ' | ' | ' | ' | ' | 3,981,230 | 1,409,506 | ' | -1,433,398 |
Income before income tax benefit (provision) | ' | ' | ' | ' | ' | ' | ' | ' | 4,017,568 | 1,517,639 | ' | -1,351,445 |
Income tax provision | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Net (loss) income from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | 4,017,568 | 1,517,639 | ' | -1,351,445 |
Loss from discontinued operations, net of income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | 4,017,568 | 1,517,639 | -1,351,445 | -1,351,445 |
Comprehensive loss, net of income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustment | ' | ' | ' | ' | ' | ' | ' | ' | 1,005,549 | 289,779 | ' | 1,387,371 |
Other | ' | ' | ' | ' | ' | ' | ' | ' | -6,771 | 5,406 | ' | 1,026 |
Other comprehensive loss | ' | ' | ' | ' | ' | ' | ' | ' | 998,778 | 295,185 | ' | 1,388,397 |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | 4,017,568 | 1,517,639 | -1,351,445 | -1,351,445 |
Total comprehensive loss | ' | ' | ' | ' | ' | ' | ' | ' | 5,016,346 | 1,812,824 | ' | 36,952 |
Consolidating Adjustments [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | -3,072 | -4,554 | ' | -3,072 |
Cost of revenues (exclusive of depreciation and amortization included below) | ' | ' | ' | ' | ' | ' | ' | ' | 0 | -1,483 | ' | 0 |
Selling, general and administrative | ' | ' | ' | ' | ' | ' | ' | ' | -3,072 | -3,072 | ' | -3,072 |
Provision for doubtful accounts | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Restructuring, Settlement and Impairment Provisions | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' |
Management fee and other | ' | ' | ' | ' | ' | ' | ' | ' | -36,339 | -108,133 | ' | -81,954 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Total operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | -39,411 | -112,688 | ' | -85,026 |
Operating income | ' | ' | ' | ' | ' | ' | ' | ' | 36,339 | 108,134 | ' | 81,954 |
Interest expense, net | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Intercompany interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 306,261 | 298,992 | ' | 240,425 |
Interest income | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Intercompany interest income | ' | ' | ' | ' | ' | ' | ' | ' | -306,261 | -298,992 | ' | -240,425 |
Foreign currency transaction losses, net | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Equity in income of affiliates | ' | ' | ' | ' | ' | ' | ' | ' | 2,744,135 | 1,078,892 | ' | -840,437 |
Other income (expense), net | ' | ' | ' | ' | ' | ' | ' | ' | -36,339 | -108,134 | ' | -81,954 |
Total other expense | ' | ' | ' | ' | ' | ' | ' | ' | 2,707,796 | 970,758 | ' | -922,391 |
Income before income tax benefit (provision) | ' | ' | ' | ' | ' | ' | ' | ' | 2,744,135 | 1,078,892 | ' | -840,437 |
Income tax provision | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Net (loss) income from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | 2,744,135 | 1,078,892 | ' | -840,437 |
Loss from discontinued operations, net of income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | 2,744,135 | 1,078,892 | -840,437 | -840,437 |
Comprehensive loss, net of income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustment | ' | ' | ' | ' | ' | ' | ' | ' | 670,366 | 193,178 | ' | 924,914 |
Other | ' | ' | ' | ' | ' | ' | ' | ' | -4,514 | 3,604 | ' | 684 |
Other comprehensive loss | ' | ' | ' | ' | ' | ' | ' | ' | 665,852 | 196,782 | ' | 925,598 |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | 2,744,135 | 1,078,892 | -840,437 | -840,437 |
Total comprehensive loss | ' | ' | ' | ' | ' | ' | ' | ' | $3,409,987 | $1,275,674 | ' | $85,161 |
Condensed_Consolidating_Financ5
Condensed Consolidating Financial Statements (Condensed Consolidating Statement of Cash Flows) (Details) (USD $) | 12 Months Ended | |||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | ||
Cash flows from operating activities: | ' | ' | ' | ' | ||
Net (loss) income | ($1,649,599) | ($765,249) | $225,196 | $225,196 | ||
Adjustments to reconcile net loss to net cash provided by (used in) operating activities | 1,464,501 | 1,111,335 | 761,617 | ' | ||
Total operating cash (used in) provided by continuing operations | -185,098 | 346,086 | 986,813 | ' | ||
Total operating cash (used in) provided by discontinued operations | -7,353 | 7,097 | -4,422 | ' | ||
Net cash (used in) provided by operating activities | -192,451 | 353,183 | 982,391 | ' | ||
Cash flows from investing activities: | ' | ' | ' | ' | ||
Capital expenditures | -664,877 | -1,042,479 | -961,794 | ' | ||
Payments for purchases of licenses | -53,066 | -100,185 | -138,678 | ' | ||
Purchase of long-term and short-term investments | -2,360,529 | -1,678,918 | -2,298,409 | ' | ||
Proceeds from sales of long-term and short-term investments | 1,942,886 | 1,813,783 | 2,476,986 | ' | ||
Proceeds from 2013 tower transactions, net | 721,404 | 0 | 0 | ' | ||
Transfers to restricted cash | -41,709 | -11,969 | -4,977 | ' | ||
Transfers from restricted cash | 2,273 | 7,882 | 136,467 | ' | ||
Intercompany borrowings | 0 | ' | ' | ' | ||
Proceeds from intercompany borrowings | 0 | ' | 0 | ' | ||
Intercompany borrowings | ' | 0 | 0 | ' | ||
Intercompany borrowings | ' | ' | 0 | ' | ||
Investment in subsidiaries | 0 | 0 | 0 | ' | ||
Return of investment | 0 | 0 | ' | ' | ||
Other, net | 207 | 1,018 | -770 | ' | ||
Payments for (Proceeds from) Other Investing Activities - New Guarantor | ' | ' | -4,207 | ' | ||
Total investing cash used in continuing operations | -453,411 | -1,010,868 | -786,198 | ' | ||
Total investing cash provided by (used in) discontinued operations | 275,799 | -44,292 | -124,085 | ' | ||
Net cash used in investing activities | -177,612 | -1,055,160 | -910,283 | ' | ||
Net Cash Provided by (Used in) Financing Activities [Abstract] | ' | ' | ' | ' | ||
Proceeds from issuance of senior notes | 1,600,000 | 0 | 1,439,500 | ' | ||
Proceeds from 2013 tower transactions, net | 0 | ' | ' | ' | ||
Borrowings under line of credit | 45 | 212,770 | 745,150 | ' | ||
Borrowings under equipment financing | 145,077 | 269,546 | 42,675 | ' | ||
Repayments under syndicated loan facilities | -473,918 | -97,403 | -237,771 | ' | ||
Repayments of import financing | -37,422 | -175,923 | -129,919 | ' | ||
Repayments Under Tower Financing and Other Borrowings | 63,495 | ' | ' | ' | ||
Repayments of equipment financing | -44,712 | ' | ' | ' | ||
Payment of line of credit | -362,736 | ' | ' | ' | ||
Proceeds from intercompany borrowings | 0 | ' | ' | ' | ||
Intercompany dividends | 0 | 0 | 0 | ' | ||
Capital contributions | 0 | 0 | 0 | ' | ||
Capital redemption | 0 | 0 | ' | ' | ||
Proceeds from intercompany long-term loan | ' | 0 | 0 | ' | ||
Repayments of Convertible Debt | 0 | -212,782 | -904,200 | ' | ||
Borrowings under long-term credit facility | ' | ' | 365,386 | ' | ||
Repayments under intercompany long-term loan | 0 | ' | 0 | ' | ||
Principal repayments under spectrum license financing | 0 | -1,513 | -683,878 | ' | ||
Other, net | -28,597 | -132,383 | -82,009 | ' | ||
Proceeds from (Payments for) Other Financing Activities - New Guarantor | -47,380 | -133,896 | ' | ' | ||
Total financing cash provided by (used in) continuing operations | 778,954 | -137,688 | 554,934 | ' | ||
Total financing cash used in discontinued operations | -2,363 | -100,607 | -29,931 | ' | ||
Net cash provided by (used in) financing activities | 776,591 | -238,295 | 525,003 | ' | ||
Effect of exchange rate changes on cash and cash equivalents | -56,236 | 844 | -41,693 | ' | ||
Change in cash and cash equivalents held for sale | 12,318 | -58 | 51,264 | ' | ||
Net increase (decrease) in cash and cash equivalents | 362,610 | -939,486 | 606,682 | ' | ||
Cash and cash equivalents, beginning of year | 1,371,173 | 2,310,659 | 1,703,977 | ' | ||
Cash and cash equivalents, end of year | 1,733,783 | 1,371,173 | 2,310,659 | 1,703,977 | ||
NII Holdings Inc. (Parent) [Member] | ' | ' | ' | ' | ||
Cash flows from operating activities: | ' | ' | ' | ' | ||
Net (loss) income | -1,649,599 | -765,249 | 225,196 | 225,196 | ||
Adjustments to reconcile net loss to net cash provided by (used in) operating activities | 1,477,932 | 768,542 | -117,264 | ' | ||
Total operating cash (used in) provided by continuing operations | -171,667 | 3,293 | 107,932 | ' | ||
Total operating cash (used in) provided by discontinued operations | 0 | 0 | 0 | ' | ||
Net cash (used in) provided by operating activities | -171,667 | 3,293 | 107,932 | ' | ||
Cash flows from investing activities: | ' | ' | ' | ' | ||
Capital expenditures | 0 | 0 | 0 | ' | ||
Payments for purchases of licenses | 0 | 0 | 0 | ' | ||
Purchase of long-term and short-term investments | 0 | 0 | -329,292 | -329,292 | ||
Proceeds from sales of long-term and short-term investments | 0 | 224,330 | 585,000 | 585,000 | ||
Proceeds from 2013 tower transactions, net | 0 | ' | ' | ' | ||
Transfers to restricted cash | -15,050 | 0 | -276 | -276 | ||
Transfers from restricted cash | 0 | 0 | 0 | ' | ||
Proceeds from intercompany borrowings | 0 | 0 | 137,089 | ' | ||
Intercompany borrowings | 0 | 0 | -76,141 | ' | ||
Investment in subsidiaries | -191,526 | -318,949 | -475,821 | ' | ||
Other, net | 545 | 0 | 0 | ' | ||
Total investing cash used in continuing operations | -206,031 | -94,619 | -159,441 | ' | ||
Total investing cash provided by (used in) discontinued operations | 0 | 0 | 0 | ' | ||
Net cash used in investing activities | -206,031 | -94,619 | -159,441 | ' | ||
Net Cash Provided by (Used in) Financing Activities [Abstract] | ' | ' | ' | ' | ||
Proceeds from issuance of senior notes | 0 | ' | 0 | ' | ||
Borrowings under line of credit | 0 | 0 | 0 | ' | ||
Borrowings under equipment financing | 0 | 0 | 0 | ' | ||
Repayments under syndicated loan facilities | 0 | 0 | 0 | ' | ||
Repayments of import financing | 0 | 0 | 0 | ' | ||
Repayments Under Tower Financing and Other Borrowings | 0 | ' | ' | ' | ||
Payment of line of credit | 0 | ' | ' | ' | ||
Intercompany dividends | 0 | 0 | 0 | ' | ||
Capital contributions | 0 | 0 | 0 | ' | ||
Proceeds from intercompany long-term loan | ' | 0 | 1,424,860 | ' | ||
Repayments of Convertible Debt | 0 | -212,782 | -904,200 | ' | ||
Borrowings under long-term credit facility | ' | ' | 0 | ' | ||
Repayments under intercompany long-term loan | ' | ' | 0 | ' | ||
Principal repayments under spectrum license financing | ' | 0 | 0 | ' | ||
Other, net | -1,010 | -3,228 | 25,010 | ' | ||
Total financing cash provided by (used in) continuing operations | -1,010 | -216,010 | 545,670 | ' | ||
Total financing cash used in discontinued operations | 0 | 0 | 0 | ' | ||
Net cash provided by (used in) financing activities | -1,010 | -216,010 | 545,670 | ' | ||
Effect of exchange rate changes on cash and cash equivalents | 0 | 0 | 0 | ' | ||
Change in cash and cash equivalents held for sale | 0 | 0 | 0 | ' | ||
Net increase (decrease) in cash and cash equivalents | -378,708 | -307,336 | 494,161 | 494,161 | ||
Cash and cash equivalents, beginning of year | 735,022 | 1,042,358 | 548,197 | ' | ||
Cash and cash equivalents, end of year | 356,314 | 735,022 | 1,042,358 | 548,197 | ||
NII Holdings,Inc. (Parent and Guarantor) [Member] | ' | ' | ' | ' | ||
Cash flows from operating activities: | ' | ' | ' | ' | ||
Net (loss) income | -1,649,599 | -765,249 | 225,196 | 225,196 | ||
Adjustments to reconcile net loss to net cash provided by (used in) operating activities | 1,477,932 | 768,542 | -117,264 | ' | ||
Total operating cash (used in) provided by continuing operations | -171,667 | 3,293 | 107,932 | ' | ||
Total operating cash (used in) provided by discontinued operations | 0 | 0 | 0 | ' | ||
Net cash (used in) provided by operating activities | -171,667 | 3,293 | 107,932 | ' | ||
Cash flows from investing activities: | ' | ' | ' | ' | ||
Capital expenditures | 0 | 0 | 0 | ' | ||
Payments for purchases of licenses | 0 | 0 | 0 | ' | ||
Purchase of long-term and short-term investments | 0 | 0 | -329,292 | ' | ||
Proceeds from sales of long-term and short-term investments | 0 | 224,330 | 585,000 | ' | ||
Proceeds from 2013 tower transactions, net | 0 | ' | ' | ' | ||
Transfers to restricted cash | -15,050 | 0 | ' | ' | ||
Transfers from restricted cash | 0 | 0 | 0 | ' | ||
Intercompany borrowings | 0 | ' | ' | ' | ||
Proceeds from intercompany borrowings | 0 | ' | 137,089 | ' | ||
Intercompany borrowings | ' | ' | -76,141 | ' | ||
Investment in subsidiaries | -191,526 | -318,949 | -475,821 | ' | ||
Return of investment | 545 | 0 | ' | ' | ||
Other, net | 0 | 0 | -276 | ' | ||
Total investing cash used in continuing operations | -206,031 | -94,619 | -159,441 | ' | ||
Total investing cash provided by (used in) discontinued operations | 0 | 0 | 0 | ' | ||
Net cash used in investing activities | -206,031 | -94,619 | -159,441 | ' | ||
Net Cash Provided by (Used in) Financing Activities [Abstract] | ' | ' | ' | ' | ||
Proceeds from issuance of senior notes | 0 | ' | 0 | ' | ||
Proceeds from 2013 tower transactions, net | 0 | ' | ' | ' | ||
Borrowings under line of credit | 0 | 0 | 0 | ' | ||
Borrowings under equipment financing | 0 | 0 | 0 | ' | ||
Repayments under syndicated loan facilities | 0 | 0 | 0 | ' | ||
Repayments of import financing | 0 | 0 | 0 | ' | ||
Repayments of equipment financing | 0 | ' | ' | ' | ||
Payment of line of credit | 0 | ' | ' | ' | ||
Proceeds from intercompany borrowings | 0 | ' | ' | ' | ||
Intercompany dividends | 0 | 0 | 0 | ' | ||
Capital contributions | 0 | 0 | 0 | ' | ||
Capital redemption | 0 | 0 | ' | ' | ||
Proceeds from intercompany long-term loan | ' | ' | 1,424,860 | ' | ||
Repayments of Convertible Debt | ' | -212,782 | -904,200 | ' | ||
Borrowings under long-term credit facility | ' | ' | 0 | ' | ||
Repayments under intercompany long-term loan | 0 | ' | 0 | ' | ||
Principal repayments under spectrum license financing | ' | ' | 0 | ' | ||
Other, net | -1,010 | -3,228 | 25,010 | ' | ||
Total financing cash provided by (used in) continuing operations | -1,010 | -216,010 | 545,670 | ' | ||
Total financing cash used in discontinued operations | 0 | 0 | 0 | ' | ||
Net cash provided by (used in) financing activities | -1,010 | -216,010 | 545,670 | ' | ||
Effect of exchange rate changes on cash and cash equivalents | 0 | 0 | 0 | ' | ||
Change in cash and cash equivalents held for sale | 0 | 0 | 0 | ' | ||
Net increase (decrease) in cash and cash equivalents | -378,708 | -307,336 | 494,161 | ' | ||
Cash and cash equivalents, beginning of year | 735,022 | 1,042,358 | 548,197 | ' | ||
Cash and cash equivalents, end of year | 356,314 | 735,022 | 1,042,358 | 548,197 | ||
NII Capital Corp. (Issuer) [Member] | ' | ' | ' | ' | ||
Cash flows from operating activities: | ' | ' | ' | ' | ||
Net (loss) income | -1,246,245 | -407,146 | 544,832 | 544,832 | ||
Adjustments to reconcile net loss to net cash provided by (used in) operating activities | 1,298,129 | 567,599 | -551,291 | ' | ||
Total operating cash (used in) provided by continuing operations | 51,884 | 160,453 | -6,459 | ' | ||
Total operating cash (used in) provided by discontinued operations | 0 | 0 | 0 | ' | ||
Net cash (used in) provided by operating activities | 51,884 | 160,453 | -6,459 | ' | ||
Cash flows from investing activities: | ' | ' | ' | ' | ||
Capital expenditures | 0 | 0 | 0 | ' | ||
Payments for purchases of licenses | 0 | 0 | 0 | ' | ||
Purchase of long-term and short-term investments | 0 | 0 | 0 | ' | ||
Proceeds from sales of long-term and short-term investments | 0 | 0 | 0 | ' | ||
Proceeds from 2013 tower transactions, net | 0 | ' | ' | ' | ||
Transfers to restricted cash | 0 | 0 | 0 | ' | ||
Transfers from restricted cash | 0 | 0 | 0 | ' | ||
Proceeds from intercompany borrowings | ' | ' | 0 | ' | ||
Intercompany borrowings | ' | 0 | -1,424,860 | ' | ||
Investment in subsidiaries | -1,974 | -9,445 | -1,246 | ' | ||
Other, net | 0 | 0 | 0 | ' | ||
Total investing cash used in continuing operations | -1,974 | -9,445 | -1,426,106 | ' | ||
Total investing cash provided by (used in) discontinued operations | 0 | 0 | 0 | ' | ||
Net cash used in investing activities | -1,974 | -9,445 | -1,426,106 | ' | ||
Net Cash Provided by (Used in) Financing Activities [Abstract] | ' | ' | ' | ' | ||
Proceeds from issuance of senior notes | 0 | ' | 1,439,500 | ' | ||
Borrowings under line of credit | 0 | 0 | 0 | ' | ||
Borrowings under equipment financing | 0 | 0 | 0 | ' | ||
Repayments under syndicated loan facilities | 0 | 0 | 0 | ' | ||
Repayments of import financing | 0 | 0 | 0 | ' | ||
Repayments Under Tower Financing and Other Borrowings | 0 | ' | ' | ' | ||
Payment of line of credit | 0 | ' | ' | ' | ||
Intercompany dividends | -49,910 | -151,186 | -84,139 | ' | ||
Capital contributions | 20 | 0 | 103,302 | ' | ||
Proceeds from intercompany long-term loan | ' | 0 | 0 | ' | ||
Repayments of Convertible Debt | ' | 0 | 0 | ' | ||
Borrowings under long-term credit facility | ' | ' | 0 | ' | ||
Repayments under intercompany long-term loan | ' | ' | 0 | ' | ||
Principal repayments under spectrum license financing | ' | 0 | 0 | ' | ||
Other, net | -20 | -778 | -25,170 | ' | ||
Total financing cash provided by (used in) continuing operations | -49,910 | -151,964 | 1,433,493 | ' | ||
Total financing cash used in discontinued operations | 0 | 0 | 0 | ' | ||
Net cash provided by (used in) financing activities | -49,910 | -151,964 | 1,433,493 | ' | ||
Effect of exchange rate changes on cash and cash equivalents | 0 | 0 | 0 | ' | ||
Change in cash and cash equivalents held for sale | 0 | 0 | 0 | ' | ||
Net increase (decrease) in cash and cash equivalents | 0 | -956 | 928 | ' | ||
Cash and cash equivalents, beginning of year | 0 | [1] | 956 | 28 | ' | |
Cash and cash equivalents, end of year | 0 | [1] | 0 | [1] | 956 | 28 |
NII International Telecom (Issuer) [Member] | ' | ' | ' | ' | ||
Cash flows from operating activities: | ' | ' | ' | ' | ||
Net (loss) income | -1,270,280 | -438,991 | 516,002 | 516,002 | ||
Adjustments to reconcile net loss to net cash provided by (used in) operating activities | 1,173,231 | 786,860 | -255,706 | ' | ||
Total operating cash (used in) provided by continuing operations | -97,049 | 347,869 | 260,296 | ' | ||
Total operating cash (used in) provided by discontinued operations | 0 | 0 | 0 | ' | ||
Net cash (used in) provided by operating activities | -97,049 | 347,869 | 260,296 | ' | ||
Cash flows from investing activities: | ' | ' | ' | ' | ||
Capital expenditures | 0 | 0 | 0 | ' | ||
Payments for purchases of licenses | 0 | 0 | 0 | ' | ||
Purchase of long-term and short-term investments | -581,407 | 0 | 0 | ' | ||
Proceeds from sales of long-term and short-term investments | 382,602 | 0 | 0 | ' | ||
Proceeds from 2013 tower transactions, net | 0 | ' | ' | ' | ||
Transfers to restricted cash | 0 | 0 | ' | ' | ||
Transfers from restricted cash | 0 | 0 | 0 | ' | ||
Intercompany borrowings | -577,000 | ' | ' | ' | ||
Proceeds from intercompany borrowings | 8,838 | ' | 0 | ' | ||
Intercompany borrowings | ' | ' | 0 | ' | ||
Investment in subsidiaries | -601,218 | -288,066 | -259,900 | ' | ||
Return of investment | 351,534 | 350,950 | ' | ' | ||
Other, net | 0 | 0 | 0 | ' | ||
Total investing cash used in continuing operations | -1,016,651 | 62,884 | -259,900 | ' | ||
Total investing cash provided by (used in) discontinued operations | 0 | 0 | 0 | ' | ||
Net cash used in investing activities | -1,016,651 | 62,884 | -259,900 | ' | ||
Net Cash Provided by (Used in) Financing Activities [Abstract] | ' | ' | ' | ' | ||
Proceeds from issuance of senior notes | 1,600,000 | ' | 0 | ' | ||
Proceeds from 2013 tower transactions, net | 0 | ' | ' | ' | ||
Borrowings under line of credit | 0 | 0 | 0 | ' | ||
Borrowings under equipment financing | 0 | 0 | 0 | ' | ||
Repayments under syndicated loan facilities | 0 | 0 | 0 | ' | ||
Repayments of import financing | 0 | 0 | 0 | ' | ||
Repayments of equipment financing | 0 | ' | ' | ' | ||
Payment of line of credit | 0 | ' | ' | ' | ||
Proceeds from intercompany borrowings | 0 | ' | ' | ' | ||
Intercompany dividends | 0 | -100,150 | 0 | ' | ||
Capital contributions | 0 | 0 | 0 | ' | ||
Capital redemption | 0 | 0 | ' | ' | ||
Proceeds from intercompany long-term loan | ' | ' | 0 | ' | ||
Repayments of Convertible Debt | ' | 0 | 0 | ' | ||
Borrowings under long-term credit facility | ' | ' | 0 | ' | ||
Repayments under intercompany long-term loan | 0 | ' | 0 | ' | ||
Principal repayments under spectrum license financing | ' | ' | 0 | ' | ||
Other, net | -25,722 | -297 | 0 | ' | ||
Total financing cash provided by (used in) continuing operations | 1,574,278 | -100,447 | 0 | ' | ||
Total financing cash used in discontinued operations | 0 | 0 | 0 | ' | ||
Net cash provided by (used in) financing activities | 1,574,278 | -100,447 | 0 | ' | ||
Effect of exchange rate changes on cash and cash equivalents | 0 | 0 | 0 | ' | ||
Change in cash and cash equivalents held for sale | 0 | 0 | 0 | ' | ||
Net increase (decrease) in cash and cash equivalents | 460,578 | 310,306 | 396 | ' | ||
Cash and cash equivalents, beginning of year | 310,769 | [1] | 463 | 67 | ' | |
Cash and cash equivalents, end of year | 771,347 | [1] | 310,769 | [1] | 463 | 67 |
Guarantor Subsidiaries [Member] | ' | ' | ' | ' | ||
Cash flows from operating activities: | ' | ' | ' | ' | ||
Net (loss) income | -1,501,885 | -676,050 | 285,948 | 285,948 | ||
Adjustments to reconcile net loss to net cash provided by (used in) operating activities | 1,342,141 | 567,116 | -498,345 | ' | ||
Total operating cash (used in) provided by continuing operations | -159,744 | -108,934 | -212,397 | ' | ||
Total operating cash (used in) provided by discontinued operations | 0 | 0 | 0 | ' | ||
Net cash (used in) provided by operating activities | -159,744 | -108,934 | -212,397 | ' | ||
Cash flows from investing activities: | ' | ' | ' | ' | ||
Capital expenditures | -14,232 | -92,574 | -122,124 | ' | ||
Payments for purchases of licenses | 0 | 0 | 0 | ' | ||
Purchase of long-term and short-term investments | 0 | 0 | 0 | ' | ||
Proceeds from sales of long-term and short-term investments | 0 | 0 | 0 | ' | ||
Proceeds from 2013 tower transactions, net | 0 | ' | ' | ' | ||
Transfers to restricted cash | 0 | 0 | 0 | ' | ||
Transfers from restricted cash | 0 | 0 | 0 | ' | ||
Proceeds from intercompany borrowings | ' | ' | 0 | ' | ||
Intercompany borrowings | ' | 0 | 0 | ' | ||
Investment in subsidiaries | -1,260 | 0 | 0 | ' | ||
Other, net | 0 | 0 | 0 | ' | ||
Total investing cash used in continuing operations | -15,492 | -92,574 | -122,124 | ' | ||
Total investing cash provided by (used in) discontinued operations | 0 | 0 | 0 | ' | ||
Net cash used in investing activities | -15,492 | -92,574 | -122,124 | ' | ||
Net Cash Provided by (Used in) Financing Activities [Abstract] | ' | ' | ' | ' | ||
Proceeds from issuance of senior notes | 0 | ' | 0 | ' | ||
Borrowings under line of credit | 0 | 0 | 0 | ' | ||
Borrowings under equipment financing | 0 | 0 | 0 | ' | ||
Repayments under syndicated loan facilities | 0 | 0 | 0 | ' | ||
Repayments of import financing | 0 | 0 | 0 | ' | ||
Repayments Under Tower Financing and Other Borrowings | 16,608 | ' | ' | ' | ||
Payment of line of credit | 0 | ' | ' | ' | ||
Intercompany dividends | 0 | -100,320 | -139,139 | ' | ||
Capital contributions | 191,506 | 318,949 | 371,721 | ' | ||
Proceeds from intercompany long-term loan | ' | 300 | 0 | ' | ||
Repayments of Convertible Debt | ' | 0 | 0 | ' | ||
Borrowings under long-term credit facility | ' | ' | 0 | ' | ||
Repayments under intercompany long-term loan | ' | ' | 0 | ' | ||
Principal repayments under spectrum license financing | ' | 0 | 0 | ' | ||
Other, net | -545 | -19,368 | -11,831 | ' | ||
Total financing cash provided by (used in) continuing operations | 174,353 | 199,561 | 220,751 | ' | ||
Total financing cash used in discontinued operations | 0 | 0 | 0 | ' | ||
Net cash provided by (used in) financing activities | 174,353 | 199,561 | 220,751 | ' | ||
Effect of exchange rate changes on cash and cash equivalents | 0 | 0 | 0 | ' | ||
Change in cash and cash equivalents held for sale | 0 | 0 | 0 | ' | ||
Net increase (decrease) in cash and cash equivalents | -883 | -1,947 | -113,770 | ' | ||
Cash and cash equivalents, beginning of year | 6,469 | [2] | 8,416 | 122,186 | ' | |
Cash and cash equivalents, end of year | 5,586 | [2] | 6,469 | [2] | 8,416 | 122,186 |
Prior Group of Non-Guarantor Subsidiaries [Member] | ' | ' | ' | ' | ||
Cash flows from operating activities: | ' | ' | ' | ' | ||
Net (loss) income | -1,269,438 | -434,443 | 520,665 | 520,665 | ||
Adjustments to reconcile net loss to net cash provided by (used in) operating activities | 1,413,777 | 1,077,223 | 800,350 | ' | ||
Total operating cash (used in) provided by continuing operations | 144,339 | 642,780 | 1,321,015 | ' | ||
Total operating cash (used in) provided by discontinued operations | -7,353 | 7,097 | -4,422 | ' | ||
Net cash (used in) provided by operating activities | 136,986 | 649,877 | 1,316,593 | ' | ||
Cash flows from investing activities: | ' | ' | ' | ' | ||
Capital expenditures | -650,645 | -949,905 | -839,670 | ' | ||
Payments for purchases of licenses | -53,066 | -100,185 | -138,678 | ' | ||
Purchase of long-term and short-term investments | -2,360,529 | -1,678,918 | -1,969,117 | ' | ||
Proceeds from sales of long-term and short-term investments | 1,942,886 | 1,589,453 | 1,891,986 | ' | ||
Proceeds from 2013 tower transactions, net | 721,404 | ' | ' | ' | ||
Transfers to restricted cash | -26,659 | -11,969 | -4,701 | ' | ||
Transfers from restricted cash | 2,273 | 7,882 | 136,467 | ' | ||
Proceeds from intercompany borrowings | ' | ' | 0 | ' | ||
Intercompany borrowings | ' | -300 | 0 | ' | ||
Investment in subsidiaries | 0 | 0 | 0 | ' | ||
Other, net | 191 | 1,018 | 4,207 | ' | ||
Total investing cash used in continuing operations | -424,145 | -1,142,924 | -919,506 | ' | ||
Total investing cash provided by (used in) discontinued operations | 275,799 | -44,292 | -124,085 | ' | ||
Net cash used in investing activities | -148,346 | -1,187,216 | -1,043,591 | ' | ||
Net Cash Provided by (Used in) Financing Activities [Abstract] | ' | ' | ' | ' | ||
Proceeds from issuance of senior notes | 1,600,000 | ' | 0 | ' | ||
Borrowings under line of credit | 45 | 212,770 | 745,150 | ' | ||
Borrowings under equipment financing | 145,077 | 269,546 | 42,675 | ' | ||
Repayments under syndicated loan facilities | -473,918 | -97,403 | -237,771 | ' | ||
Repayments of import financing | -37,422 | -175,923 | -129,919 | ' | ||
Repayments Under Tower Financing and Other Borrowings | 46,887 | ' | ' | ' | ||
Payment of line of credit | -362,736 | ' | ' | ' | ||
Intercompany dividends | 0 | -100,000 | 0 | ' | ||
Capital contributions | 3,234 | 9,445 | 2,044 | ' | ||
Proceeds from intercompany long-term loan | ' | 0 | 76,141 | ' | ||
Repayments of Convertible Debt | ' | 0 | 0 | ' | ||
Borrowings under long-term credit facility | ' | ' | 365,386 | ' | ||
Repayments under intercompany long-term loan | ' | ' | -137,089 | ' | ||
Principal repayments under spectrum license financing | ' | -1,513 | -683,878 | ' | ||
Other, net | -27,551 | -109,009 | -70,018 | ' | ||
Total financing cash provided by (used in) continuing operations | 799,842 | 7,913 | -27,279 | ' | ||
Total financing cash used in discontinued operations | -2,363 | -100,607 | -29,931 | ' | ||
Net cash provided by (used in) financing activities | 797,479 | -92,694 | -57,210 | ' | ||
Effect of exchange rate changes on cash and cash equivalents | -56,236 | 844 | -41,693 | ' | ||
Change in cash and cash equivalents held for sale | 12,318 | -58 | 51,264 | ' | ||
Net increase (decrease) in cash and cash equivalents | 742,201 | -629,247 | 225,363 | ' | ||
Cash and cash equivalents, beginning of year | 629,682 | 1,258,929 | 1,033,566 | ' | ||
Cash and cash equivalents, end of year | 1,371,883 | 629,682 | 1,258,929 | 1,033,566 | ||
Non-Guarantor Subsidiaries [Member] | ' | ' | ' | ' | ||
Cash flows from operating activities: | ' | ' | ' | ' | ||
Net (loss) income | -1,473,855 | -639,901 | 324,435 | 324,435 | ||
Adjustments to reconcile net loss to net cash provided by (used in) operating activities | 1,607,384 | 1,283,312 | 693,189 | ' | ||
Total operating cash (used in) provided by continuing operations | 133,529 | 643,411 | 1,017,624 | ' | ||
Total operating cash (used in) provided by discontinued operations | -7,353 | 7,097 | -4,422 | ' | ||
Net cash (used in) provided by operating activities | 126,176 | 650,508 | 1,013,202 | ' | ||
Cash flows from investing activities: | ' | ' | ' | ' | ||
Capital expenditures | -664,877 | -1,042,479 | -961,794 | ' | ||
Payments for purchases of licenses | -53,066 | -100,185 | -138,678 | ' | ||
Purchase of long-term and short-term investments | -1,779,122 | -1,678,918 | -1,969,117 | ' | ||
Proceeds from sales of long-term and short-term investments | 1,560,284 | 1,589,453 | 1,891,986 | ' | ||
Proceeds from 2013 tower transactions, net | 374,187 | ' | ' | ' | ||
Transfers to restricted cash | -26,659 | -11,969 | ' | ' | ||
Transfers from restricted cash | 2,273 | 7,882 | 136,467 | ' | ||
Intercompany borrowings | 0 | ' | ' | ' | ||
Proceeds from intercompany borrowings | 0 | ' | 0 | ' | ||
Intercompany borrowings | ' | ' | -1,424,860 | ' | ||
Investment in subsidiaries | 0 | 0 | 0 | ' | ||
Return of investment | 0 | 0 | ' | ' | ||
Other, net | 191 | 1,218 | -494 | ' | ||
Total investing cash used in continuing operations | -586,789 | -1,234,998 | -2,466,490 | ' | ||
Total investing cash provided by (used in) discontinued operations | 275,799 | -44,292 | -124,085 | ' | ||
Net cash used in investing activities | -310,990 | -1,279,290 | -2,590,575 | ' | ||
Net Cash Provided by (Used in) Financing Activities [Abstract] | ' | ' | ' | ' | ||
Proceeds from issuance of senior notes | 0 | ' | 1,439,500 | ' | ||
Proceeds from 2013 tower transactions, net | 347,217 | ' | ' | ' | ||
Borrowings under line of credit | 45 | 212,770 | 745,150 | ' | ||
Borrowings under equipment financing | 145,077 | 269,546 | 42,675 | ' | ||
Repayments under syndicated loan facilities | -473,918 | -97,403 | -237,771 | ' | ||
Repayments of import financing | -37,422 | -175,923 | -129,919 | ' | ||
Repayments of equipment financing | -44,712 | ' | ' | ' | ||
Payment of line of credit | -362,736 | ' | ' | ' | ||
Proceeds from intercompany borrowings | 577,000 | ' | ' | ' | ||
Intercompany dividends | -49,911 | -548,337 | -399,039 | ' | ||
Capital contributions | 792,744 | 607,015 | 735,721 | ' | ||
Capital redemption | -352,079 | -350,950 | ' | ' | ||
Proceeds from intercompany long-term loan | ' | ' | 76,141 | ' | ||
Repayments of Convertible Debt | ' | 0 | 0 | ' | ||
Borrowings under long-term credit facility | ' | ' | 365,386 | ' | ||
Repayments under intercompany long-term loan | -8,838 | ' | -137,089 | ' | ||
Principal repayments under spectrum license financing | ' | ' | -683,878 | ' | ||
Other, net | -20,632 | -130,571 | -107,019 | ' | ||
Total financing cash provided by (used in) continuing operations | 511,835 | -213,853 | 1,709,858 | ' | ||
Total financing cash used in discontinued operations | -2,363 | -100,607 | -29,931 | ' | ||
Net cash provided by (used in) financing activities | 509,472 | -314,460 | 1,679,927 | ' | ||
Effect of exchange rate changes on cash and cash equivalents | -56,236 | 844 | -41,693 | ' | ||
Change in cash and cash equivalents held for sale | 12,318 | -58 | 51,264 | ' | ||
Net increase (decrease) in cash and cash equivalents | 280,740 | -942,456 | 112,125 | ' | ||
Cash and cash equivalents, beginning of year | 325,382 | [2] | 1,267,838 | 1,155,713 | ' | |
Cash and cash equivalents, end of year | 606,122 | [2] | 325,382 | [2] | 1,267,838 | 1,155,713 |
Prior Consolidating Adjustments [Member] | ' | ' | ' | ' | ||
Cash flows from operating activities: | ' | ' | ' | ' | ||
Net (loss) income | 4,017,568 | 1,517,639 | -1,351,445 | -1,351,445 | ||
Adjustments to reconcile net loss to net cash provided by (used in) operating activities | -4,067,478 | -1,869,145 | 1,128,167 | ' | ||
Total operating cash (used in) provided by continuing operations | -49,910 | -351,506 | -223,278 | ' | ||
Total operating cash (used in) provided by discontinued operations | 0 | 0 | 0 | ' | ||
Net cash (used in) provided by operating activities | -49,910 | -351,506 | -223,278 | ' | ||
Cash flows from investing activities: | ' | ' | ' | ' | ||
Capital expenditures | 0 | 0 | 0 | ' | ||
Payments for purchases of licenses | 0 | 0 | 0 | ' | ||
Purchase of long-term and short-term investments | 0 | 0 | 0 | ' | ||
Proceeds from sales of long-term and short-term investments | 0 | 0 | 0 | ' | ||
Proceeds from 2013 tower transactions, net | 0 | ' | ' | ' | ||
Transfers to restricted cash | 0 | 0 | 0 | ' | ||
Transfers from restricted cash | 0 | 0 | 0 | ' | ||
Proceeds from intercompany borrowings | ' | ' | -137,089 | ' | ||
Intercompany borrowings | ' | 300 | 1,501,001 | ' | ||
Investment in subsidiaries | 194,760 | 328,394 | 477,067 | ' | ||
Other, net | -529 | 0 | 0 | ' | ||
Total investing cash used in continuing operations | 194,231 | 328,694 | 1,840,979 | ' | ||
Total investing cash provided by (used in) discontinued operations | 0 | 0 | 0 | ' | ||
Net cash used in investing activities | 194,231 | 328,694 | 1,840,979 | ' | ||
Net Cash Provided by (Used in) Financing Activities [Abstract] | ' | ' | ' | ' | ||
Proceeds from issuance of senior notes | 0 | ' | 0 | ' | ||
Borrowings under line of credit | 0 | 0 | 0 | ' | ||
Borrowings under equipment financing | 0 | 0 | 0 | ' | ||
Repayments under syndicated loan facilities | 0 | 0 | 0 | ' | ||
Repayments of import financing | 0 | 0 | 0 | ' | ||
Repayments Under Tower Financing and Other Borrowings | 0 | ' | ' | ' | ||
Payment of line of credit | 0 | ' | ' | ' | ||
Intercompany dividends | 49,910 | 351,506 | 223,278 | ' | ||
Capital contributions | -194,760 | -328,394 | -477,067 | ' | ||
Proceeds from intercompany long-term loan | ' | -300 | -1,501,001 | ' | ||
Repayments of Convertible Debt | ' | 0 | 0 | ' | ||
Borrowings under long-term credit facility | ' | ' | 0 | ' | ||
Repayments under intercompany long-term loan | ' | ' | 137,089 | ' | ||
Principal repayments under spectrum license financing | ' | 0 | 0 | ' | ||
Other, net | 529 | 0 | 0 | ' | ||
Total financing cash provided by (used in) continuing operations | -144,321 | 22,812 | -1,617,701 | ' | ||
Total financing cash used in discontinued operations | 0 | 0 | 0 | ' | ||
Net cash provided by (used in) financing activities | -144,321 | 22,812 | -1,617,701 | ' | ||
Effect of exchange rate changes on cash and cash equivalents | 0 | 0 | 0 | ' | ||
Change in cash and cash equivalents held for sale | 0 | 0 | 0 | ' | ||
Net increase (decrease) 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 | 0 | ||
Consolidating Adjustments [Member] | ' | ' | ' | ' | ||
Cash flows from operating activities: | ' | ' | ' | ' | ||
Net (loss) income | 2,744,135 | 1,078,892 | -840,437 | -840,437 | ||
Adjustments to reconcile net loss to net cash provided by (used in) operating activities | -2,794,046 | -1,727,379 | 441,398 | ' | ||
Total operating cash (used in) provided by continuing operations | -49,911 | -648,487 | -399,039 | ' | ||
Total operating cash (used in) provided by discontinued operations | 0 | 0 | 0 | ' | ||
Net cash (used in) provided by operating activities | -49,911 | -648,487 | -399,039 | ' | ||
Cash flows from investing activities: | ' | ' | ' | ' | ||
Capital expenditures | 0 | 0 | 0 | ' | ||
Payments for purchases of licenses | 0 | 0 | 0 | ' | ||
Purchase of long-term and short-term investments | 0 | 0 | 0 | ' | ||
Proceeds from sales of long-term and short-term investments | 0 | 0 | 0 | ' | ||
Proceeds from 2013 tower transactions, net | 347,217 | ' | ' | ' | ||
Transfers to restricted cash | 0 | 0 | ' | ' | ||
Transfers from restricted cash | 0 | 0 | 0 | ' | ||
Intercompany borrowings | 577,000 | ' | ' | ' | ||
Proceeds from intercompany borrowings | -8,838 | ' | -137,089 | ' | ||
Intercompany borrowings | ' | ' | 1,501,001 | ' | ||
Investment in subsidiaries | 792,744 | 607,015 | 735,721 | ' | ||
Return of investment | -352,079 | -350,950 | ' | ' | ||
Other, net | 16 | -200 | 0 | ' | ||
Total investing cash used in continuing operations | 1,356,060 | 255,865 | 2,099,633 | ' | ||
Total investing cash provided by (used in) discontinued operations | 0 | 0 | 0 | ' | ||
Net cash used in investing activities | 1,356,060 | 255,865 | 2,099,633 | ' | ||
Net Cash Provided by (Used in) Financing Activities [Abstract] | ' | ' | ' | ' | ||
Proceeds from issuance of senior notes | 0 | ' | 0 | ' | ||
Proceeds from 2013 tower transactions, net | -347,217 | ' | ' | ' | ||
Borrowings under line of credit | 0 | 0 | 0 | ' | ||
Borrowings under equipment financing | 0 | 0 | 0 | ' | ||
Repayments under syndicated loan facilities | 0 | 0 | 0 | ' | ||
Repayments of import financing | 0 | 0 | 0 | ' | ||
Repayments of equipment financing | 0 | ' | ' | ' | ||
Payment of line of credit | 0 | ' | ' | ' | ||
Proceeds from intercompany borrowings | -577,000 | ' | ' | ' | ||
Intercompany dividends | 49,911 | 648,487 | 399,039 | ' | ||
Capital contributions | -792,744 | -607,015 | -735,721 | ' | ||
Capital redemption | 352,079 | 350,950 | ' | ' | ||
Proceeds from intercompany long-term loan | ' | ' | -1,501,001 | ' | ||
Repayments of Convertible Debt | ' | 0 | 0 | ' | ||
Borrowings under long-term credit facility | ' | ' | 0 | ' | ||
Repayments under intercompany long-term loan | 8,838 | ' | 137,089 | ' | ||
Principal repayments under spectrum license financing | ' | ' | 0 | ' | ||
Other, net | -16 | 200 | 0 | ' | ||
Total financing cash provided by (used in) continuing operations | -1,306,149 | 392,622 | -1,700,594 | ' | ||
Total financing cash used in discontinued operations | 0 | 0 | 0 | ' | ||
Net cash provided by (used in) financing activities | -1,306,149 | 392,622 | -1,700,594 | ' | ||
Effect of exchange rate changes on cash and cash equivalents | 0 | 0 | 0 | ' | ||
Change in cash and cash equivalents held for sale | 0 | 0 | 0 | ' | ||
Net increase (decrease) 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 | $0 | ||
[1] | NII Capital Corp. is the issuer of our 7.625% senior notes due 2021, our 10.0%Â senior notes due 2016 and our 8.875%Â 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%Â senior notes due 2016 and our 8.875%Â notes due 2019. |
Schedule_I_Condensed_Financial2
Schedule I - Condensed Financial Information of Registrant (Balance Sheet) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
In Thousands, unless otherwise specified | ||||
Current assets | ' | ' | ' | ' |
Cash and cash equivalents | $1,733,783 | $1,371,173 | $2,310,659 | $1,703,977 |
Short-term intercompany receivables | 0 | 0 | ' | ' |
Prepaid expenses and other | 436,100 | 488,091 | ' | ' |
Total current assets | 3,748,186 | 3,335,032 | ' | ' |
Investments in and advances to affiliates | 0 | 0 | ' | ' |
Intangible assets, net | 993,669 | 1,125,382 | ' | ' |
Deferred income taxes, net | 26,713 | 367,181 | ' | ' |
Long-term intercompany receivables | 0 | 0 | ' | ' |
Other assets | 523,326 | 463,912 | ' | ' |
Total assets | 8,679,954 | 9,223,078 | ' | ' |
Current liabilities | ' | ' | ' | ' |
Short-term intercompany payables | 0 | 0 | ' | ' |
Accrued expenses and other | 972,534 | 969,793 | ' | ' |
Total current liabilities | 2,286,590 | 1,760,025 | ' | ' |
Long-term intercompany payables | 0 | 0 | ' | ' |
Other long-term liabilities | 221,116 | 296,168 | ' | ' |
Total liabilities | 8,324,567 | 6,906,629 | ' | ' |
Total stockholders' equity | 355,387 | 2,316,449 | ' | ' |
Total liabilities and stockholders' equity | 8,679,954 | 9,223,078 | ' | ' |
NII Holdings Inc. (Parent) [Member] | ' | ' | ' | ' |
Current assets | ' | ' | ' | ' |
Cash and cash equivalents | 356,314 | 735,022 | 1,042,358 | 548,197 |
Short-term intercompany receivables | 31,803 | 19,716 | ' | ' |
Prepaid expenses and other | 6,832 | 6,617 | ' | ' |
Total current assets | 394,949 | 761,355 | ' | ' |
Investments in and advances to affiliates | 1,867,753 | 2,717,391 | ' | ' |
Intangible assets, net | 18,000 | 18,000 | ' | ' |
Deferred income taxes, net | 16,025 | 13,683 | ' | ' |
Long-term intercompany receivables | 1,474,658 | 2,377,065 | ' | ' |
Other assets | 29,381 | 16,280 | ' | ' |
Total assets | 3,800,766 | 5,903,774 | ' | ' |
Current liabilities | ' | ' | ' | ' |
Short-term intercompany payables | 464,798 | 597,678 | ' | ' |
Accrued expenses and other | 0 | 3,734 | ' | ' |
Total current liabilities | 464,798 | 601,412 | ' | ' |
Long-term intercompany payables | 2,950,226 | 2,953,495 | ' | ' |
Other long-term liabilities | 30,329 | 32,395 | ' | ' |
Other Liabilities, Noncurrent (Including Long-Term Debt) | 30,355 | 32,418 | ' | ' |
Total liabilities | 3,445,379 | 3,587,325 | ' | ' |
Total stockholders' equity | 355,387 | 2,316,449 | ' | ' |
Total liabilities and stockholders' equity | $3,800,766 | $5,903,774 | ' | ' |
Schedule_I_Condensed_Financial3
Schedule I - Condensed Financial Information of Registrant (Income Statement) (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Condensed Income Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating revenues | $1,080,900 | $1,101,265 | $1,259,560 | $1,330,839 | $1,381,972 | $1,407,367 | $1,409,424 | $1,544,359 | $4,772,564 | $5,743,122 | $6,380,817 | $6,380,817 |
Selling, general and administrative | ' | ' | ' | ' | ' | ' | ' | ' | 1,913,454 | 2,167,688 | ' | 2,201,102 |
Total operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | 5,283,422 | 5,768,501 | ' | 5,414,231 |
Operating (loss) income | -186,580 | -162,757 | -82,005 | -79,516 | -346,138 | 60,254 | 63,719 | 196,786 | -510,858 | -25,379 | ' | 966,586 |
Interest expense, net | ' | ' | ' | ' | ' | ' | ' | ' | -539,159 | -365,521 | -311,735 | -311,735 |
Intercompany interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Interest income | ' | ' | ' | ' | ' | ' | ' | ' | 43,379 | 33,862 | ' | 34,096 |
Intercompany interest income | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Equity in income of affiliates | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Other income (expense), net | ' | ' | ' | ' | ' | ' | ' | ' | -12,982 | -28,340 | ' | -37,750 |
Total other expense | ' | ' | ' | ' | ' | ' | ' | ' | -652,507 | -413,956 | ' | -352,686 |
(Loss) income from continuing operations before income tax provision | ' | ' | ' | ' | ' | ' | ' | ' | -1,163,365 | -439,335 | 613,900 | 613,900 |
Income tax provision | ' | ' | ' | ' | ' | ' | ' | ' | -446,052 | -158,144 | ' | -351,206 |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | -1,649,599 | -765,249 | 225,196 | 225,196 |
Comprehensive loss, net of income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustment | ' | ' | ' | ' | ' | ' | ' | ' | -334,893 | -97,589 | ' | -462,457 |
Other | ' | ' | ' | ' | ' | ' | ' | ' | 2,257 | -1,802 | ' | -342 |
Other comprehensive loss | ' | ' | ' | ' | ' | ' | ' | ' | -332,636 | -99,391 | ' | -462,799 |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | -1,649,599 | -765,249 | 225,196 | 225,196 |
Total comprehensive loss | ' | ' | ' | ' | ' | ' | ' | ' | -1,982,235 | -864,640 | ' | -237,603 |
NII Holdings Inc. (Parent) [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Condensed Income Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 0 |
Selling, general and administrative | ' | ' | ' | ' | ' | ' | ' | ' | 3,136 | 3,180 | ' | 3,467 |
Total operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | 3,136 | 3,180 | ' | 3,467 |
Operating (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | -3,136 | -3,180 | ' | -3,467 |
Interest expense, net | ' | ' | ' | ' | ' | ' | ' | ' | -562 | -23,646 | ' | -59,137 |
Intercompany interest expense | ' | ' | ' | -234,799 | ' | ' | ' | -215,501 | -234,799 | -215,501 | -172,465 | -172,465 |
Interest income | ' | ' | ' | ' | ' | ' | ' | ' | 913 | 15,292 | ' | 2,792 |
Intercompany interest income | ' | ' | ' | 1,340 | ' | ' | ' | 1 | 1,340 | 1 | 16,629 | 16,629 |
Equity in income of affiliates | ' | ' | ' | -1,473,856 | ' | ' | ' | -639,902 | -1,473,856 | -639,902 | 324,435 | 324,435 |
Other income (expense), net | ' | ' | ' | ' | ' | ' | ' | ' | 36,017 | 86,324 | ' | 67,040 |
Other Nonoperating Income (All) | ' | ' | ' | ' | ' | ' | ' | ' | 36,017 | 86,324 | ' | 67,036 |
Total other expense | ' | ' | ' | ' | ' | ' | ' | ' | -1,670,947 | -777,432 | ' | 179,290 |
(Loss) income from continuing operations before income tax provision | ' | ' | ' | -1,674,083 | ' | ' | ' | -780,612 | -1,674,083 | -780,612 | 175,823 | 175,823 |
Income tax provision | ' | ' | ' | 24,484 | ' | ' | ' | 15,363 | 24,484 | 15,363 | 49,373 | 49,373 |
Net (loss) income | ' | ' | ' | -1,649,599 | ' | ' | ' | -765,249 | -1,649,599 | -765,249 | 225,196 | 225,196 |
Comprehensive loss, net of income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustment | ' | ' | ' | ' | ' | ' | ' | ' | -334,893 | -97,589 | ' | -462,457 |
Other | ' | ' | ' | ' | ' | ' | ' | ' | 2,257 | -1,802 | ' | -342 |
Other comprehensive loss | ' | ' | ' | ' | ' | ' | ' | ' | -332,636 | -99,391 | ' | -462,799 |
Net (loss) income | ' | ' | ' | -1,649,599 | ' | ' | ' | -765,249 | -1,649,599 | -765,249 | 225,196 | 225,196 |
Total comprehensive loss | ' | ' | ' | ' | ' | ' | ' | ' | ($1,982,235) | ($864,640) | ' | ($237,603) |
Schedule_I_Condensed_Financial4
Schedule I - Condensed Financial Information of Registrant (Statement of Cash Flows) (Details) (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Cash flows from operating activities: | ' | ' | ' | ' |
Net (loss) income | ($1,649,599) | ($765,249) | $225,196 | $225,196 |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities | 1,464,501 | 1,111,335 | 761,617 | ' |
Net cash (used in) provided by operating activities | -192,451 | 353,183 | 982,391 | ' |
Cash flows from investing activities: | ' | ' | ' | ' |
Purchase of long-term and short-term investments | -2,360,529 | -1,678,918 | -2,298,409 | ' |
Proceeds from sales of long-term and short-term investments | 1,942,886 | 1,813,783 | 2,476,986 | ' |
Transfers to restricted cash | -41,709 | -11,969 | -4,977 | ' |
Intercompany borrowings | ' | 0 | 0 | ' |
Proceeds from intercompany borrowings | 0 | ' | 0 | ' |
Investment in subsidiaries | 0 | 0 | 0 | ' |
Return of investment | 0 | 0 | ' | ' |
Intercompany dividends | 0 | 0 | 0 | ' |
Net cash used in investing activities | -177,612 | -1,055,160 | -910,283 | ' |
Net Cash Provided by (Used in) Financing Activities [Abstract] | ' | ' | ' | ' |
Repayments and purchases of convertible notes | 0 | -212,782 | -904,200 | ' |
Net cash provided by (used in) financing activities | 776,591 | -238,295 | 525,003 | ' |
Net increase (decrease) in cash and cash equivalents | 362,610 | -939,486 | 606,682 | ' |
Cash and cash equivalents, beginning of year | 1,371,173 | 2,310,659 | 1,703,977 | ' |
Cash and cash equivalents, end of year | 1,733,783 | 1,371,173 | 2,310,659 | 1,703,977 |
NII Holdings Inc. (Parent) [Member] | ' | ' | ' | ' |
Cash flows from operating activities: | ' | ' | ' | ' |
Net (loss) income | -1,649,599 | -765,249 | 225,196 | 225,196 |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities | 1,477,932 | 768,542 | -117,264 | ' |
Net cash (used in) provided by operating activities | -171,667 | 3,293 | 107,932 | ' |
Cash flows from investing activities: | ' | ' | ' | ' |
Purchase of long-term and short-term investments | 0 | 0 | -329,292 | -329,292 |
Proceeds from sales of long-term and short-term investments | 0 | 224,330 | 585,000 | 585,000 |
Transfers to restricted cash | -15,050 | 0 | -276 | -276 |
Intercompany borrowings | 0 | 0 | -76,141 | ' |
Proceeds from intercompany borrowings | 0 | 0 | 137,089 | ' |
Investment in subsidiaries | -191,526 | -318,949 | -475,821 | ' |
Intercompany dividends | 0 | 0 | 0 | ' |
Net cash used in investing activities | -206,031 | -94,619 | -159,441 | ' |
Net Cash Provided by (Used in) Financing Activities [Abstract] | ' | ' | ' | ' |
Repayments and purchases of convertible notes | 0 | -212,782 | -904,200 | ' |
Proceeds from intercompany long-term loan | 0 | 0 | 1,424,860 | ' |
Proceeds from (Payments for) Other Financing Activities - Schedule I | -1,010 | -3,228 | 25,010 | ' |
Net cash provided by (used in) financing activities | -1,010 | -216,010 | 545,670 | ' |
Net increase (decrease) in cash and cash equivalents | -378,708 | -307,336 | 494,161 | 494,161 |
Cash and cash equivalents, beginning of year | 735,022 | 1,042,358 | 548,197 | ' |
Cash and cash equivalents, end of year | 356,314 | 735,022 | 1,042,358 | 548,197 |
NII Holdings,Inc. (Parent and Guarantor) [Member] | ' | ' | ' | ' |
Cash flows from operating activities: | ' | ' | ' | ' |
Net (loss) income | -1,649,599 | -765,249 | 225,196 | 225,196 |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities | 1,477,932 | 768,542 | -117,264 | ' |
Net cash (used in) provided by operating activities | -171,667 | 3,293 | 107,932 | ' |
Cash flows from investing activities: | ' | ' | ' | ' |
Purchase of long-term and short-term investments | 0 | 0 | -329,292 | ' |
Proceeds from sales of long-term and short-term investments | 0 | 224,330 | 585,000 | ' |
Transfers to restricted cash | -15,050 | 0 | ' | ' |
Proceeds from intercompany borrowings | 0 | ' | 137,089 | ' |
Investment in subsidiaries | -191,526 | -318,949 | -475,821 | ' |
Return of investment | 545 | 0 | ' | ' |
Intercompany dividends | 0 | 0 | 0 | ' |
Net cash used in investing activities | -206,031 | -94,619 | -159,441 | ' |
Net Cash Provided by (Used in) Financing Activities [Abstract] | ' | ' | ' | ' |
Repayments and purchases of convertible notes | ' | -212,782 | -904,200 | ' |
Net cash provided by (used in) financing activities | -1,010 | -216,010 | 545,670 | ' |
Net increase (decrease) in cash and cash equivalents | -378,708 | -307,336 | 494,161 | ' |
Cash and cash equivalents, beginning of year | 735,022 | 1,042,358 | 548,197 | ' |
Cash and cash equivalents, end of year | $356,314 | $735,022 | $1,042,358 | $548,197 |
Schedule_I_Condensed_Financial5
Schedule I - Condensed Financial Information of Registrant Table (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' | ' | ' |
Cash Dividends Paid to Parent Company | $49.90 | $151.20 | $139.10 |
Schedule_II_Valuation_and_Qual2
Schedule II - Valuation and Qualifying Accounts Schedule II - Valuation and Qualifying Accounts (Details) (USD $) | 12 Months Ended | ||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | |||
Allowance for Doubtful Accounts [Member] | ' | ' | ' | ' | |||
Valuation Allowances and Reserves, Balance | $61,293 | $108,676 | $63,241 | $39,228 | |||
Valuation Allowances and Reserves, Charged to Cost and Expense | 116,619 | 217,315 | 159,201 | ' | |||
Valuation Allowances and Reserves, Deductions | 164,002 | [1] | 171,880 | [1] | 135,188 | [1] | ' |
Valuation Allowance of Deferred Tax Assets [Member] | ' | ' | ' | ' | |||
Valuation Allowances and Reserves, Balance | 4,533,910 | 508,101 | 240,715 | 106,811 | |||
Valuation Allowances and Reserves, Charged to Cost and Expense | 4,090,410 | 268,479 | 34,490 | ' | |||
Valuation Allowances and Reserves, Deductions | $64,601 | [1] | $1,093 | [1] | ($99,414) | [1] | ' |
[1] | Includes the impact of foreign currency translation adjustments. |