Document_and_Entity_Informatio
Document and Entity Information (USD $) | 3 Months Ended | ||
Mar. 31, 2014 | 5-May-14 | Jun. 30, 2013 | |
Document Type | '10-Q | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Period End Date | 31-Mar-14 | ' | ' |
Document Fiscal Year Focus | '2014 | ' | ' |
Document Fiscal Period Focus | 'Q1 | ' | ' |
Entity Public Float | ' | ' | ' |
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 | ' | 172,357,208 | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
CONDENSED_CONSOLIDATED_BALANCE
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Current assets | ' | ' |
Cash and cash equivalents | $1,299,769 | $1,733,783 |
Short-term investments | 305,208 | 585,760 |
Accounts receivable, less allowance for doubtful accounts of $71,869 and $66,252 | 501,450 | 522,563 |
Handset and accessory inventory | 411,058 | 342,585 |
Deferred income taxes, net | 110,633 | 127,395 |
Prepaid expenses and other | 562,414 | 436,100 |
Total current assets | 3,190,532 | 3,748,186 |
Property, plant and equipment, net | 3,395,029 | 3,388,060 |
Intangible assets, net | 1,013,124 | 993,669 |
Deferred income taxes, net | 28,178 | 26,713 |
Other assets | 562,802 | 523,326 |
Total assets | 8,189,665 | 8,679,954 |
Current liabilities | ' | ' |
Accounts payable | 316,112 | 369,056 |
Accrued expenses and other | 857,177 | 972,534 |
Deferred revenues | 119,004 | 128,148 |
Current portion of long-term debt | 103,535 | 96,839 |
Deposit Liability, Current | 715,782 | 720,013 |
Total current liabilities | 2,111,610 | 2,286,590 |
Long-term debt | 5,749,290 | 5,696,632 |
Deferred revenues | 10,558 | 11,238 |
Deferred credits | 97,308 | 108,991 |
Other long-term liabilities | 229,664 | 221,116 |
Total liabilities | 8,198,430 | 8,324,567 |
Stockholders' equity | ' | ' |
Undesignated preferred stock, par value $0.001, 10,000 shares authorized - 2012 and 2011, no shares issued or outstanding - 2012 and 2011 | 0 | 0 |
Common stock, par value $0.001, 600,000 shares authorized - 2012 and 2011, 171,191 shares issued and outstanding - 2012, 171,177 shares issued and outstanding - 2011 | 172 | 172 |
Paid-in capital | 1,508,335 | 1,504,258 |
Retained earnings | -569,045 | -192,966 |
Accumulated other comprehensive loss | -948,227 | -956,077 |
Total stockholders' equity | -8,765 | 355,387 |
Total liabilities and stockholders' equity | $8,189,665 | $8,679,954 |
CONSOLIDATED_BALANCE_SHEETS_Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, except Share data, unless otherwise specified | ||
Statement of Financial Position [Abstract] | ' | ' |
Allowance for doubtful accounts receivable, current | $65,123 | $61,293 |
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 | 172,106,000 | 172,105,000 |
Common stock shares outstanding | 172,105,746 | 172,104,720 |
CONDENSED_CONSOLIDATED_STATEME
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (USD $) | 3 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Income Statement [Abstract] | ' | ' |
Income (Loss) from Continuing Operations, Per Basic Share | ($2.19) | ($1.08) |
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share | $0 | ($0.13) |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $21 | ($21,684) |
Income (Loss) from Continuing Operations Attributable to Parent | -376,100 | -185,820 |
Operating revenues | ' | ' |
Service and other revenues | 913,905 | 1,283,076 |
Handset and accessory revenues | 56,309 | 47,763 |
Total operating revenues | 970,214 | 1,330,839 |
Operating expenses | ' | ' |
Cost of service (exclusive of depreciation and amortization included below) | 337,583 | 399,093 |
Cost of handsets and accessories | 265,805 | 206,301 |
Selling, general and administrative | 450,757 | 497,532 |
Provision for Doubtful Accounts | 28,504 | 16,503 |
Restructuring, Settlement and Impairment Provisions | -2,527 | 124,607 |
Depreciation | 140,555 | 167,463 |
Amortization | 17,121 | 15,359 |
Total operating expenses | 1,209,294 | 1,410,355 |
Operating income | -239,080 | -79,516 |
Other expense | ' | ' |
Interest expense, net | -140,212 | -109,662 |
Interest income | 20,108 | 6,505 |
Foreign currency transaction (losses) gains, net | -7,186 | 23,225 |
Other (expense) income, net | -4,690 | -4,754 |
Total other expense | -131,980 | -84,686 |
Income before income tax provision | -371,060 | -164,202 |
Income tax provision | -5,040 | -21,618 |
Net income | -376,079 | -207,504 |
Net income, per common share, basic | ($2.19) | ($1.21) |
Weighted Average Number of Shares Outstanding, Basic and Diluted | 172,105 | 171,655 |
Comprehensive Income | ' | ' |
Comprehensive income, net of income taxes | -368,229 | -131,976 |
Foreign currency translation adjustment | 8,419 | 77,453 |
Other | -569 | -1,925 |
Other comprehensive income | 7,850 | 75,528 |
Net income | -376,079 | -207,504 |
Total comprehensive income | ($368,229) | ($131,976) |
CONDENSED_CONSOLIDATED_STATEME1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (USD $) | Total | Retained Earnings | Accumulated Other Comprehensive (Loss) Income | Paid-in Capital | Common Stock |
In Thousands | |||||
Beginning Balance, Value at Dec. 31, 2013 | $355,387 | ($192,966) | ($956,077) | $1,504,258 | $172 |
Beginning Balance, Shares at Dec. 31, 2013 | ' | ' | ' | ' | 172,105 |
Net income | -376,079 | -376,079 | ' | ' | ' |
Other Comprehensive Income (Loss), Net of Tax | 7,850 | ' | 7,850 | ' | ' |
Share-based payment expense for equity-based awards | -4,077 | ' | ' | -4,077 | ' |
Exercise of stock options, Shares | ' | ' | ' | ' | 1 |
Ending Balance, Value at Mar. 31, 2014 | ($8,765) | ($569,045) | ($948,227) | $1,508,335 | $172 |
Ending Balance, Shares at Mar. 31, 2014 | ' | ' | ' | ' | 172,106 |
CONDENSED_CONSOLIDATED_STATEME2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Cash flows from operating activities: | ' | ' |
Net income | ($376,079) | ($207,504) |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | -21 | 21,684 |
Amortization of debt discount and financing costs | 5,158 | 6,004 |
Depreciation and amortization | 157,676 | 182,822 |
Provision for Doubtful Accounts | 28,504 | 16,503 |
Foreign currency transaction losses (gains), net | 7,186 | -23,225 |
Gain (Loss) on Disposition of Assets | -2,141 | 126,532 |
Deferred income tax benefit | 419 | 5,370 |
Share-based payment expense | 5,154 | 8,803 |
Other, net | 7,480 | 7,410 |
Change in assets and liabilities: | ' | ' |
Accounts receivable, gross | -10,880 | -225,733 |
Handset and accessory inventory | -69,383 | 20,472 |
Prepaid expenses and other | -174,897 | 10,299 |
Other long-term assets | -14,037 | -24,447 |
Accounts payable, accrued expenses and other | -49,719 | -53,575 |
Net Cash Provided by (Used in) Operating Activities, Continuing Operations | -485,580 | -128,585 |
Cash Provided by (Used in) Operating Activities, Discontinued Operations | 21 | -14,045 |
Net cash provided by operating activities | -485,559 | -142,630 |
Cash flows from investing activities: | ' | ' |
Capital expenditures | -182,327 | -241,788 |
Purchase of long-term and short-term investments | -203,232 | -176,309 |
Proceeds from sales of long-term and short-term investments | 510,117 | 342,819 |
Payments for acquisitions, purchases of licenses and other | -34,119 | -19,114 |
Net Cash Provided by (Used in) Investing Activities, Continuing Operations | 90,439 | -94,392 |
Cash Provided by (Used in) Investing Activities, Discontinued Operations | -30 | -27,060 |
Net cash used in investing activities | 90,409 | -121,452 |
Cash flows from financing activities: | ' | ' |
Proceeds from Issuance of Senior Long-term Debt | 0 | 750,000 |
Borrowings under syndicated loan facilities and other | 14,691 | 41,780 |
Other, net | -19,331 | -28,157 |
Net Cash Provided by (Used in) Financing Activities, Continuing Operations | -4,640 | 763,623 |
Cash Provided by (Used in) Financing Activities, Discontinued Operations | 0 | -779 |
Net cash (used in) provided by financing activities | -4,640 | 762,844 |
Effect of exchange rate changes on cash and cash equivalents | -34,224 | 2,198 |
Increase (Decrease) In Cash And Cash Equivalents, Held-For-Sale | 0 | 3,965 |
Net (decrease) increase in cash and cash equivalents | -434,014 | 504,925 |
Cash and cash equivalents, beginning of period | 1,733,783 | 1,371,173 |
Cash and cash equivalents, end of period | $1,299,769 | $1,876,098 |
Basis_of_Presentation
Basis of Presentation | 3 Months Ended | |||||||
Mar. 31, 2014 | ||||||||
Summary of Operations and Significant Accounting Policies [Abstract] | ' | |||||||
Basis of Presentation | ' | |||||||
Basis of Presentation | ||||||||
General. Our unaudited condensed consolidated financial statements have been prepared under the rules and regulations of the Securities and Exchange Commission, or the SEC. While they do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements, they reflect all adjustments that, in the opinion of management, are necessary for a fair presentation of the results for interim periods. In addition, the year-end condensed consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States. | ||||||||
You should read these condensed consolidated financial statements in conjunction with the consolidated financial statements and notes contained in our annual report on Form 10-K for the year ended December 31, 2013, as well as our amendments to this annual report on Forms 10-K/A that were filed on February 28, 2014 and April 29, 2014. You should not expect results of operations for interim periods to be an indication of the results for a full year. | ||||||||
Accumulated Other Comprehensive Loss. As of March 31, 2014 and December 31, 2013, the tax impact on our accumulated other comprehensive loss was not material. The components of our accumulated other comprehensive loss, net of taxes, are as follows: | ||||||||
31-Mar-14 | 31-Dec-13 | |||||||
(in thousands) | ||||||||
Cumulative foreign currency translation adjustment | $ | (942,852 | ) | $ | (951,271 | ) | ||
Other | (5,375 | ) | (4,806 | ) | ||||
$ | (948,227 | ) | $ | (956,077 | ) | |||
Supplemental Cash Flow Information. | ||||||||
Three Months Ended March 31, | ||||||||
2014 | 2013 | |||||||
(in thousands) | ||||||||
Capital expenditures | ||||||||
Cash paid for capital expenditures, including capitalized interest on | $ | 182,327 | $ | 241,788 | ||||
property, plant and equipment | ||||||||
Change in capital expenditures accrued and unpaid or financed, including | (64,513 | ) | (89,057 | ) | ||||
accreted interest capitalized | ||||||||
$ | 117,814 | $ | 152,731 | |||||
Interest costs | ||||||||
Interest expense, net | $ | 140,212 | $ | 109,662 | ||||
Interest capitalized | 12,722 | 23,620 | ||||||
$ | 152,934 | $ | 133,282 | |||||
For the three months ended March 31, 2014, we had $45.2 million in non-cash financing, primarily related to borrowings under our equipment financing facility in Mexico. For the three months ended March 31, 2013, we had $24.1 million in non-cash financing, primarily related to borrowings under our equipment financing facility in Mexico and co-location capital lease obligations on our communication towers in Brazil and Mexico. | ||||||||
Revenue-Based Taxes. We record revenue-based taxes and other excise taxes on a gross basis as a component of both service and other revenues and selling, general and administrative expenses in our condensed consolidated financial statements. For the three months ended March 31, 2014 and 2013, we recognized $31.1 million and $48.4 million, respectively, in revenue-based taxes and other excise taxes. | ||||||||
Net Loss Per Common Share, Basic and Diluted. Basic net loss per common share is computed by dividing adjusted net loss attributable to common shares by the weighted average number of common shares outstanding for the period. Diluted net loss per common share reflects the potential dilution of securities that could participate in our earnings, but not securities that are antidilutive, including stock options with an exercise price greater than the average market price of our common stock. | ||||||||
Our unvested restricted stock awards, or RSAs, contain non-forfeitable rights to dividends, whether paid or unpaid. As a result, our RSAs are considered participating securities because their holders have the right to participate in earnings with common stockholders. We use the two-class method to allocate net income between common shares and other participating securities. | ||||||||
As presented for the three months ended March 31, 2014 and 2013, our calculation of diluted net loss per common share is based on the weighted average number of common shares outstanding during those periods and does not include other potential common shares, including shares issuable upon the potential exercise of stock options under our stock-based employee compensation plans or restricted common shares issued under those plans since their effect would have been antidilutive to our net loss per common share for those periods. Furthermore, for the three months ended March 31, 2014 and 2013, we did not include 47.4 million and 12.4 million stock options, respectively, and 33.6 million and 27.7 million restricted stock units, 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. | ||||||||
Reclassifications. We have reclassified some prior period amounts in our condensed consolidated financial statements to conform to our current year presentation. | ||||||||
New Accounting Pronouncements. There were no new accounting standards issued during the three months ended March 31, 2014 that materially impacted our condensed consolidated financial statements or could materially impact our financial statements or related disclosures in a future period. |
Business_Update_and_Going_Conc
Business Update and Going Concern (Notes) | 3 Months Ended |
Mar. 31, 2014 | |
Going Concern [Abstract] | ' |
Significant Transactions [Text Block] | 'Business Update and Going Concern The accompanying condensed 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 condensed consolidated financial statements do not include any adjustments that might result from the occurrence of any of the uncertainties described below. 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.Due to these factors, 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 beyond early 2015. In light of the liquidity issues we face, we are pursuing a number of options, including:b"reducing operating expenses and reducing or delaying our investments in capital expenditures, including scaling back our network development and deployment efforts;b"restructuring, reorganizing or refinancing all or a portion of our existing debt obligations, including a potential exchange of all or a portion of our existing senior debt obligations for our common stock or other equity interests, which could result in a significant dilution of the ownership interests of our current equity holders and substantially impair the value of those interests;b"selling assets or operations;b"creating partnerships or alliances; andb"selling our company.B 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. 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 and absent waivers of the non-compliance from the lenders or amendments to the financing agreements, it is probable that as of the measurement date on June 30, 2014, 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 and in Nextel Brazilbs local bank financing arrangements. Each of these financing arrangements requires that we meet these financial covenants semi-annually, calculated as of June 30 and December 31. As of the last measurement date of December 31, 2013, we were in compliance with these covenants. As of March 31, 2014, we had $1,158.4 million principal amount outstanding under these financing arrangements. If we are unable to negotiate amendments to these financing arrangements or secure waivers from the lenders, we could be in default and we could be required to repay these borrowings. In addition, if the debt under any of these financing arrangements were to be accelerated, the holders of 25% of each series of senior notes issued by NII Capital Corp. and NII International Telecom, S.C.A. 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 March 31, 2014, we had approximately $4.4 billion principal amount of senior notes outstanding. We believe we are currently in compliance with the requirements under all of our financing arrangements, including the indentures for our senior notes, our equipment financing facilities and our local bank financing arrangements. In light of the probability that, absent a waiver or amendment, we will be unable to meet the financial covenants in the equipment financing facilities and the local bank financing agreements as of the next compliance date, there is no guarantee that the lender of our equipment financing facilities will continue to fund additional borrowing requests under these facilities. In addition, a holder of more than 25% of our 8.875% senior notes, issued by NII Capital Corp. and due December 15, 2019, has provided a notice of default in connection with these notes. We believe that the allegations contained in the notice are without merit. See Note 6 for more information.The conditions described above, and their impact on our liquidity, in combination with the potential impact if we cannot satisfy certain financial covenants under our existing debt obligations, raise substantial doubt about our ability to continue as a going concern under the applicable authoritative literature. |
Discontinued_Operations_Notes
Discontinued Operations (Notes) | 3 Months Ended | |||||||
Mar. 31, 2014 | ||||||||
Discontinued Operations and Disposal Groups [Abstract] | ' | |||||||
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | ' | |||||||
. | 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 included $50.0 million that was deposited in escrow on our behalf to satisfy potential indemnification claims. In April 2014, we released $7.5 million of the amounts held in escrow to Entel as a result of the settlement of certain indemnification claims. The remaining funds held in escrow continue to be available to satisfy potential future indemnification claims. 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 quarterly report on Form 10-Q. 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 condensed consolidated financial statements exclude amounts attributable to discontinued operations. The major components of income (loss) from discontinued operations related to Nextel Peru were as follows (in thousands): | ||||||||
Three Months Ended March 31, | ||||||||
2014 | 2013 | |||||||
Operating revenues | $ | — | $ | 82,557 | ||||
Operating expenses | — | (105,093 | ) | |||||
Other income, net | — | 114 | ||||||
Loss before income tax benefit | — | (22,422 | ) | |||||
Income tax benefit | — | 738 | ||||||
— | (21,684 | ) | ||||||
Income on disposal of Nextel Peru | 21 | — | ||||||
Income (loss) from discontinued operations, net of income taxes | $ | 21 | $ | (21,684 | ) | |||
Impairment_and_Restructuring_C
Impairment and Restructuring Charges (Notes) | 3 Months Ended | |||||||
Mar. 31, 2014 | ||||||||
Restructuring and Related Activities [Abstract] | ' | |||||||
Restructuring, Impairment, and Other Activities Disclosure [Text Block] | ' | |||||||
Impairment and Restructuring (Benefits) Charges | ||||||||
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. | ||||||||
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 $38.6 million relating to the write-off of the remainder of the prepayment during the first quarter of 2013. In March 2014, we settled certain refund claims with NSN, which represented the majority of our impairment and restructuring benefits for the first quarter of 2014. | ||||||||
Total impairment and restructuring (benefits) charges by operating segment for the three months ended March 31, 2014 and 2013 were as follows (in thousands): | ||||||||
Three Months Ended | ||||||||
March 31, | ||||||||
2014 | 2013 | |||||||
Brazil | $ | — | $ | 23,814 | ||||
Mexico | (562 | ) | 19,655 | |||||
Argentina | — | 3,717 | ||||||
Chile | — | 33,921 | ||||||
Corporate | (1,965 | ) | 43,500 | |||||
Total impairment and restructuring (benefits) charges | $ | (2,527 | ) | $ | 124,607 | |||
Balance_Sheet_Details_Notes
Balance Sheet Details (Notes) | 3 Months Ended | |||||||||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||||||||
Balance Sheet Details [Abstract] | ' | |||||||||||||||||||||||
Supplemental Balance Sheet Disclosures [Text Block] | ' | |||||||||||||||||||||||
Note 5. | Supplemental Balance Sheet Information | |||||||||||||||||||||||
Prepaid Expenses and Other. | ||||||||||||||||||||||||
The components of our prepaid expenses and other are as follows: | ||||||||||||||||||||||||
March 31, | December 31, | |||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Value-added taxes | $ | 230,375 | $ | 237,119 | ||||||||||||||||||||
Spectrum fees | 101,164 | 1,109 | ||||||||||||||||||||||
Income taxes | 61,215 | 59,054 | ||||||||||||||||||||||
Other prepaid assets | 115,327 | 96,312 | ||||||||||||||||||||||
Other current assets | 54,333 | 42,506 | ||||||||||||||||||||||
$ | 562,414 | $ | 436,100 | |||||||||||||||||||||
Property, Plant and Equipment, Net. | ||||||||||||||||||||||||
The components of our property, plant and equipment are as follows: | ||||||||||||||||||||||||
March 31, | December 31, | |||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Land | $ | 9,707 | $ | 9,652 | ||||||||||||||||||||
Building and leasehold improvements | 193,438 | 193,376 | ||||||||||||||||||||||
Digital mobile network equipment, communication towers and network software | 4,981,008 | 4,829,134 | ||||||||||||||||||||||
Office equipment, furniture and fixtures and other | 806,329 | 785,242 | ||||||||||||||||||||||
Corporate aircraft capital lease | 43,374 | 42,747 | ||||||||||||||||||||||
Less: Accumulated depreciation and amortization | (3,146,058 | ) | (2,995,667 | ) | ||||||||||||||||||||
2,887,798 | 2,864,484 | |||||||||||||||||||||||
Construction in progress | 507,231 | 523,576 | ||||||||||||||||||||||
$ | 3,395,029 | $ | 3,388,060 | |||||||||||||||||||||
Intangible Assets, Net. | ||||||||||||||||||||||||
Our intangible assets include the following: | ||||||||||||||||||||||||
31-Mar-14 | 31-Dec-13 | |||||||||||||||||||||||
Gross Carrying | Accumulated | Net Carrying | Gross Carrying | Accumulated | Net Carrying | |||||||||||||||||||
Value | Amortization | Value | Value | Amortization | Value | |||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Amortizable intangible assets: | ||||||||||||||||||||||||
Licenses | $ | 1,259,950 | $ | (264,826 | ) | $ | 995,124 | $ | 1,220,990 | $ | (245,321 | ) | $ | 975,669 | ||||||||||
As of both March 31, 2014 and December 31, 2013, the balance of our indefinite lived intangible assets was $18.0 million. | ||||||||||||||||||||||||
Accrued Expenses and Other. | ||||||||||||||||||||||||
The components of our accrued expenses and other are as follows: | ||||||||||||||||||||||||
March 31, | December 31, | |||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Capital expenditures | $ | 226,283 | $ | 290,484 | ||||||||||||||||||||
Accrued interest | 115,671 | 128,509 | ||||||||||||||||||||||
Non-income based taxes | 95,710 | 114,360 | ||||||||||||||||||||||
Payroll related items and commissions | 93,232 | 92,852 | ||||||||||||||||||||||
Network system and information technology | 91,572 | 92,109 | ||||||||||||||||||||||
Other | 234,709 | 254,220 | ||||||||||||||||||||||
$ | 857,177 | $ | 972,534 | |||||||||||||||||||||
Debt
Debt | 3 Months Ended | |||||||
Mar. 31, 2014 | ||||||||
Debt [Abstract] | ' | |||||||
Debt | ' | |||||||
Debt | ||||||||
31-Mar-14 | 31-Dec-13 | |||||||
(in thousands) | ||||||||
NII Capital Corp. senior notes, net | $ | 2,730,388 | $ | 2,729,321 | ||||
NII International Telecom, S.C.A. senior notes, net | 1,609,626 | 1,609,962 | ||||||
Bank loans | 446,195 | 444,268 | ||||||
Brazil equipment financing | 366,937 | 352,725 | ||||||
Mexico equipment financing | 346,064 | 300,832 | ||||||
Mexico capital lease and tower financing obligations | 190,954 | 194,227 | ||||||
Brazil capital lease and tower financing obligations | 125,326 | 122,499 | ||||||
Corporate aircraft capital lease | 35,273 | 35,736 | ||||||
Other | 2,062 | 3,901 | ||||||
Total debt | 5,852,825 | 5,793,471 | ||||||
Less: current portion | (103,535 | ) | (96,839 | ) | ||||
$ | 5,749,290 | $ | 5,696,632 | |||||
NII Capital Corp. Senior Notes. | ||||||||
8.875% Senior Notes due 2019. On March 19, 2014, Wilmington Trust Company, or Wilmington Trust, as trustee under the indenture relating to our 8.875% senior notes due 2019, received a notice on behalf of Aurelius Capital Management, in its capacity as the purported holder of more than 25% of these senior notes, alleging that certain internal corporate restructuring transactions undertaken in 2009, which resulted in certain subsidiary guarantees being released, violated the terms of, and constitute a default under, the indenture. 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. We believe that the allegations contained in the notice are without merit. | ||||||||
NII International Telecom, S.C.A. Senior Notes. | ||||||||
11.375% Senior Notes due 2019. In connection with the issuance of our 11.375% senior notes due 2019, 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 have not yet filed this exchange offer registration statement and are therefore subject to the additional interest provisions under the registration rights agreement and applicable indentures. Additional interest for our failure to register the notes is equal to 0.25% per year on the principal amount of the notes with respect to the first 90-day period immediately following the failure to register. The amount of additional interest will increase by an additional 0.25% per year with respect to each subsequent 90-day period, up to a maximum amount of additional interest of 1.00% per year. As of March 31, 2014, we accrued an immaterial amount of additional interest on the 11.375% notes in connection with this failure to register the notes. |
Fair_Value_Measurements
Fair Value Measurements | 3 Months Ended | |||||||||||||||
Mar. 31, 2014 | ||||||||||||||||
Fair Value Measurements | ' | |||||||||||||||
Fair Value Measurements | ' | |||||||||||||||
Fair Value Measurements | ||||||||||||||||
Available-for-Sale Securities. | ||||||||||||||||
As of March 31, 2014 and December 31, 2013, available-for-sale securities include $126.2 million and $418.6 million, respectively, in short-term investments made by Nextel Brazil in two investment funds and certificates of deposit with a Brazilian bank. These funds invest primarily in Brazilian government bonds, long-term, low-risk bank certificates of deposit and Brazilian corporate debentures. During the three months ended March 31, 2014 and 2013, we did not have any material unrealized gains or losses associated with these investments. | ||||||||||||||||
We account for our available-for-sale securities at fair value in accordance with the Financial Accounting Standards Board's, or 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. | ||||||||||||||||
Financial Instruments. | ||||||||||||||||
Long-Term Debt Instruments. | ||||||||||||||||
The carrying amounts and estimated fair values of our long-term debt instruments are as follows: | ||||||||||||||||
31-Mar-14 | 31-Dec-13 | |||||||||||||||
Carrying | Estimated | Carrying | Estimated | |||||||||||||
Amount | Fair Value | Amount | Fair Value | |||||||||||||
(in thousands) | ||||||||||||||||
NII Capital Corp. senior notes, net | $ | 2,730,388 | $ | 971,125 | $ | 2,729,321 | $ | 1,227,950 | ||||||||
NII International Telecom, S.C.A. senior notes, net | 1,609,626 | 1,110,380 | 1,609,962 | 1,271,370 | ||||||||||||
Bank loans and other | 448,257 | 351,695 | 448,169 | 373,796 | ||||||||||||
Equipment financing | 713,001 | 650,214 | 653,557 | 620,173 | ||||||||||||
$ | 5,501,272 | $ | 3,083,414 | $ | 5,441,009 | $ | 3,493,289 | |||||||||
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. | ||||||||||||||||
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 | 3 Months Ended |
Mar. 31, 2014 | |
Commitments and Contingencies [Abstract] | ' |
Commitments and Contingencies | ' |
Commitments and Contingencies | |
Brazilian Contingencies. | |
Nextel Brazil has received various assessment notices from state and federal Brazilian authorities asserting deficiencies in payments related primarily to value-added taxes, excise taxes on imported equipment and other non-income based taxes. Nextel Brazil has filed various administrative and legal petitions disputing these assessments. In some cases, Nextel Brazil has received favorable decisions, which are currently being appealed by the respective governmental authority. In other cases, Nextel 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 March 31, 2014 and December 31, 2013. | |
As of March 31, 2014 and December 31, 2013, Nextel Brazil had accrued liabilities of $73.9 million and $70.9 million, respectively, related to contingencies, all of which were classified in accrued contingencies reported as a component of other long-term liabilities, of which $10.7 million and $11.2 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 $435.4 million and $439.4 million as of March 31, 2014. We evaluate the likelihood of probable and reasonably possible losses, if any, related to all known contingencies on an ongoing basis. 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. | |
Federal Securities Litigation. On March 4, 2014, a purported class action lawsuit was filed against the Company, NII Capital Corp. and certain of the Company’s current and former directors and executive officers in the United States District Court for the Eastern District of Virginia. The class action lawsuit was captioned Iron Workers District Council of New England Pension Fund and State-Boston Retirement System v. NII Holdings, Inc., et al. and generally alleges that the defendants made false or misleading statements or concealed material adverse information about the Company’s financial condition in violation of Sections 11, 12 and 15 of the Securities Act of 1933 and Section 10(b), Rule 10b-5 and Section 20(a) of the Securities Exchange Act of 1934. The purported lead plaintiffs represent a class of persons who purchased or otherwise acquired the Company’s securities between February 25, 2010 and February 27, 2014 and are seeking class certification and unspecified damages, fees and injunctive relief. The Company and the named individuals intend to vigorously defend themselves in this matter. | |
In addition, we are subject to claims and legal actions that may arise in the ordinary course of business. We do not believe that any of these pending claims or legal actions will have a material effect on our business, financial condition, results of operations or cash flows. |
Income_Taxes
Income Taxes | 3 Months Ended |
Mar. 31, 2014 | |
Income Tax Disclosure [Abstract] | ' |
Income Taxes | ' |
Income Taxes | |
The realization of deferred tax assets is dependent on the generation of future taxable income sufficient to realize our tax loss carryforwards and other tax deductions. Valuation allowances are required to be recognized on deferred tax assets unless it is determined that it is “more-likely-than-not” that the asset will be realized. In 2013, except for Argentina and certain subsidiaries in Mexico, we recorded full valuation allowances on the deferred tax assets of our foreign operating companies, our U.S. subsidiaries and our foreign holding companies due to substantial negative evidence such as the recent history of cumulative losses and the projected losses for 2014 and subsequent years. We maintained this same valuation allowance position for the first quarter of 2014. As a result, the valuation allowance on our deferred tax assets increased by $121.6 million for the three-month period ended March 31, 2014. Our valuation allowance was $4.6 billion and $4.5 billion as of March 31, 2014 and December 31, 2013, respectively. We do not anticipate that we will recognize significant tax benefits with respect to our deferred tax assets until our facts justify the recognition of such benefits. | |
For the three months ended March 31, 2014 and 2013, we recorded a consolidated income tax provision of $5.0 million and $21.6 million, respectively. The $16.6 million decrease in the consolidated income tax provision is primarily due to a decrease in our current tax expense caused by an increase in losses from continuing operations before income tax provision in the markets and reductions in withholding taxes on intercompany charges. Further, for the reasons discussed above, we were not able to recognize a deferred tax benefit for pre-tax losses recognized in Brazil, most of our Mexico subsidiaries, Chile, the U.S. and our foreign holding companies in 2014. |
Segment_Reporting
Segment Reporting | 3 Months Ended | |||||||||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||||||||||||
Segment Reporting | ' | |||||||||||||||||||||||
Segment Reporting | ||||||||||||||||||||||||
We have determined that our reportable segments are those that are based on our method of internal reporting, which disaggregates our business by 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. | ||||||||||||||||||||||||
Brazil | Mexico | Argentina | Chile | Corporate and Eliminations | Consolidated | |||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Three Months Ended March 31, 2014 | ||||||||||||||||||||||||
Operating revenues | $ | 461,224 | $ | 381,844 | $ | 112,680 | $ | 14,432 | $ | 34 | $ | 970,214 | ||||||||||||
Segment (losses) earnings | $ | (29,145 | ) | $ | (12,540 | ) | $ | 26,978 | $ | (24,749 | ) | $ | (44,475 | ) | $ | (83,931 | ) | |||||||
Less: | ||||||||||||||||||||||||
Impairment and restructuring benefits | 2,527 | |||||||||||||||||||||||
Depreciation and amortization | (157,676 | ) | ||||||||||||||||||||||
Foreign currency transaction losses, net | (7,186 | ) | ||||||||||||||||||||||
Interest expense and other, net | (124,794 | ) | ||||||||||||||||||||||
Loss from continuing operations before income tax provision | $ | (371,060 | ) | |||||||||||||||||||||
Capital expenditures | $ | 67,688 | $ | 38,522 | $ | 5,252 | $ | 602 | $ | 5,750 | $ | 117,814 | ||||||||||||
Three Months Ended March 31, 2013 | ||||||||||||||||||||||||
Operating revenues | $ | 635,872 | $ | 514,014 | $ | 167,024 | $ | 25,264 | $ | (11,335 | ) | $ | 1,330,839 | |||||||||||
Segment earnings (losses) | $ | 157,643 | $ | 101,229 | $ | 52,341 | $ | (34,495 | ) | $ | (48,805 | ) | $ | 227,913 | ||||||||||
Less: | ||||||||||||||||||||||||
Impairment and restructuring charges | (124,607 | ) | ||||||||||||||||||||||
Depreciation and amortization | (182,822 | ) | ||||||||||||||||||||||
Foreign currency transaction gains, net | 23,225 | |||||||||||||||||||||||
Interest expense and other, net | (107,911 | ) | ||||||||||||||||||||||
Loss from continuing operations before income tax provision | $ | (164,202 | ) | |||||||||||||||||||||
Capital expenditures | $ | 92,908 | $ | 52,465 | $ | 1,493 | $ | 3,113 | $ | 2,752 | $ | 152,731 | ||||||||||||
31-Mar-14 | ||||||||||||||||||||||||
Identifiable assets | $ | 3,625,452 | $ | 2,564,613 | $ | 386,760 | $ | 156,730 | $ | 1,456,110 | $ | 8,189,665 | ||||||||||||
31-Dec-13 | ||||||||||||||||||||||||
Identifiable assets | $ | 3,705,642 | $ | 2,695,091 | $ | 451,041 | $ | 169,062 | $ | 1,659,118 | $ | 8,679,954 | ||||||||||||
Condensed_Consolidating_Financ
Condensed Consolidating Financial Statements | 3 Months Ended | |||||||||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||||||||
Condensed Consolidating Financial Statements | ' | |||||||||||||||||||||||
Condensed Consolidating Financial Statements | ' | |||||||||||||||||||||||
Condensed Consolidating Financial Statements | ||||||||||||||||||||||||
In 2011, we issued $1.45 billion in aggregate principal amount of our 7.625% senior notes due 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. All of these senior 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 senior 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 senior notes and the guarantees thereof, we are required to provide certain condensed consolidating financial information. Included in the tables below are condensed consolidating balance sheets as of March 31, 2014 and December 31, 2013, as well as condensed consolidating statements of comprehensive loss for the three months ended March 31, 2014 and 2013 and condensed consolidating statements of cash flows for the three months ended March 31, 2014 and 2013, 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 our condensed consolidated financial statements for the first quarter of 2014, we made certain immaterial adjustments to our condensed consolidating statement of cash flows for the three months ended March 31, 2013 to 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. This condensed consolidating financial information is provided in connection with outstanding senior notes issued by NII Capital Corp. 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 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 by $14.1 million; and b) increasing the guarantors' net cash outflows from operating activities and increasing the guarantor's net cash inflows from financing activities by $14.5 million. | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING BALANCE SHEET | ||||||||||||||||||||||||
As of March 31, 2014 | ||||||||||||||||||||||||
NII Holdings, | NII Capital | Guarantor | Non- | Consolidating | Consolidated | |||||||||||||||||||
Inc. (Parent) | Corp. (Issuer)(1) | Subsidiaries(2) | Guarantor | Adjustments | ||||||||||||||||||||
Subsidiaries | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||
Current assets | ||||||||||||||||||||||||
Cash and cash equivalents | $ | 257,829 | $ | — | $ | 14,888 | $ | 1,027,052 | $ | — | $ | 1,299,769 | ||||||||||||
Short-term investments | — | — | — | 305,208 | — | 305,208 | ||||||||||||||||||
Accounts receivable, net | — | — | 431 | 501,019 | — | 501,450 | ||||||||||||||||||
Short-term intercompany receivables | 34,196 | 92,206 | 86,053 | 5,768 | (218,223 | ) | — | |||||||||||||||||
Handset and accessory inventory | — | — | — | 411,058 | — | 411,058 | ||||||||||||||||||
Deferred income taxes, net | — | — | 1,107 | 109,526 | — | 110,633 | ||||||||||||||||||
Prepaid expenses and other | 6,152 | — | 14,739 | 541,523 | — | 562,414 | ||||||||||||||||||
Total current assets | 298,177 | 92,206 | 117,218 | 2,901,154 | (218,223 | ) | 3,190,532 | |||||||||||||||||
Property, plant and equipment, net | — | — | 130,286 | 3,264,743 | — | 3,395,029 | ||||||||||||||||||
Investments in and advances to | 1,636,058 | 1,217,111 | 1,271,936 | — | (4,125,105 | ) | — | |||||||||||||||||
affiliates | ||||||||||||||||||||||||
Intangible assets, net | 18,000 | — | — | 995,124 | — | 1,013,124 | ||||||||||||||||||
Deferred income taxes, net | 15,821 | — | — | 28,178 | (15,821 | ) | 28,178 | |||||||||||||||||
Long-term intercompany receivables | 1,458,283 | 3,782,566 | 707,192 | 1,354 | (5,949,395 | ) | — | |||||||||||||||||
Other assets | 29,020 | 30,963 | 6,018 | 496,801 | — | 562,802 | ||||||||||||||||||
Total assets | $ | 3,455,359 | $ | 5,122,846 | $ | 2,232,650 | $ | 7,687,354 | $ | (10,308,544 | ) | $ | 8,189,665 | |||||||||||
LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY | ||||||||||||||||||||||||
Current liabilities | ||||||||||||||||||||||||
Accounts payable | $ | — | $ | — | $ | 1,630 | $ | 314,482 | $ | — | $ | 316,112 | ||||||||||||
Short-term intercompany payables | 465,567 | 119,098 | 1,483,031 | 256,603 | (2,324,299 | ) | — | |||||||||||||||||
Accrued expenses and other | — | 78,224 | 16,885 | 762,265 | (197 | ) | 857,177 | |||||||||||||||||
Deferred revenues | — | — | — | 119,004 | — | 119,004 | ||||||||||||||||||
Current portion of long-term debt | — | — | 1,966 | 101,569 | — | 103,535 | ||||||||||||||||||
Deposits related to 2013 sale of towers | — | — | — | 715,782 | — | 715,782 | ||||||||||||||||||
Total current liabilities | 465,567 | 197,322 | 1,503,512 | 2,269,705 | (2,324,496 | ) | 2,111,610 | |||||||||||||||||
Long-term debt | 23 | 2,730,389 | 33,307 | 2,985,571 | — | 5,749,290 | ||||||||||||||||||
Deferred revenues | — | — | — | 10,558 | — | 10,558 | ||||||||||||||||||
Deferred income tax liabilities | 1 | 2,950 | 15,259 | 94,919 | (15,821 | ) | 97,308 | |||||||||||||||||
Long-term intercompany payables | 2,968,122 | — | 10,390 | 865,961 | (3,844,473 | ) | — | |||||||||||||||||
Other long-term liabilities | 30,411 | — | 10,549 | 188,704 | — | 229,664 | ||||||||||||||||||
Total liabilities | 3,464,124 | 2,930,661 | 1,573,017 | 6,415,418 | (6,184,790 | ) | 8,198,430 | |||||||||||||||||
Total stockholders’ (deficit) equity | (8,765 | ) | 2,192,185 | 659,633 | 1,271,936 | (4,123,754 | ) | (8,765 | ) | |||||||||||||||
Total liabilities and stockholders’ (deficit) equity | $ | 3,455,359 | $ | 5,122,846 | $ | 2,232,650 | $ | 7,687,354 | $ | (10,308,544 | ) | $ | 8,189,665 | |||||||||||
_______________________________________ | ||||||||||||||||||||||||
-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% senior notes due 2019. | |||||||||||||||||||||||
CONDENSED CONSOLIDATING BALANCE SHEET | ||||||||||||||||||||||||
As of December 31, 2013 | ||||||||||||||||||||||||
NII Holdings, | NII Capital | Guarantor | Non- | Consolidating | Consolidated | |||||||||||||||||||
Inc. (Parent) | Corp. (Issuer) | Subsidiaries | 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 | 31,803 | 129,810 | 72,595 | 4,779 | (238,987 | ) | — | |||||||||||||||||
receivables | ||||||||||||||||||||||||
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 income tax liabilities | 3 | 2,950 | 15,384 | 106,682 | (16,028 | ) | 108,991 | |||||||||||||||||
Long-term intercompany | 2,950,226 | — | 10,390 | 929,990 | (3,890,606 | ) | — | |||||||||||||||||
payables | ||||||||||||||||||||||||
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 stockholders’ equity | $ | 3,800,766 | $ | 5,380,328 | $ | 2,497,739 | $ | 8,081,910 | $ | (11,080,789 | ) | $ | 8,679,954 | |||||||||||
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE LOSS | ||||||||||||||||||||||||
For the Three Months Ended March 31, 2014 | ||||||||||||||||||||||||
NII Holdings, | NII Capital | Guarantor | Non- | Consolidating | Consolidated | |||||||||||||||||||
Inc. (Parent) | Corp. (Issuer) | Subsidiaries | Guarantor | Adjustments | ||||||||||||||||||||
Subsidiaries | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Operating revenues | $ | — | $ | — | $ | 824 | $ | 970,158 | $ | (768 | ) | $ | 970,214 | |||||||||||
Operating expenses | ||||||||||||||||||||||||
Cost of revenues (exclusive of | — | — | — | 603,388 | — | 603,388 | ||||||||||||||||||
depreciation and amortization | ||||||||||||||||||||||||
included below) | ||||||||||||||||||||||||
Selling, general and administrative | 803 | — | 43,623 | 408,748 | (2,417 | ) | 450,757 | |||||||||||||||||
Impairment and restructuring charges | — | — | (1,965 | ) | (562 | ) | — | (2,527 | ) | |||||||||||||||
Management fee and other | — | — | (15,389 | ) | 16,668 | (1,279 | ) | — | ||||||||||||||||
Depreciation and amortization | — | — | 6,027 | 151,649 | — | 157,676 | ||||||||||||||||||
803 | — | 32,296 | 1,179,891 | (3,696 | ) | 1,209,294 | ||||||||||||||||||
Operating loss | (803 | ) | — | (31,472 | ) | (209,733 | ) | 2,928 | (239,080 | ) | ||||||||||||||
Other income (expense) | ||||||||||||||||||||||||
Interest expense, net | (141 | ) | (60,625 | ) | (235 | ) | (79,211 | ) | — | (140,212 | ) | |||||||||||||
Intercompany interest expense | (57,896 | ) | — | (17 | ) | (12,578 | ) | 70,491 | — | |||||||||||||||
Interest income | 102 | — | 3 | 20,003 | — | 20,108 | ||||||||||||||||||
Intercompany interest income | 81 | 70,202 | 206 | 2 | (70,491 | ) | — | |||||||||||||||||
Foreign currency transaction losses, net | — | — | — | (7,186 | ) | — | (7,186 | ) | ||||||||||||||||
Equity in loss of affiliates | (327,550 | ) | (298,731 | ) | (297,709 | ) | — | 923,990 | — | |||||||||||||||
Other income (expense), net | 2,928 | — | — | (4,977 | ) | (2,641 | ) | (4,690 | ) | |||||||||||||||
(382,476 | ) | (289,154 | ) | (297,752 | ) | (83,947 | ) | 921,349 | (131,980 | ) | ||||||||||||||
Loss from continuing operations before income tax benefit (provision) | (383,279 | ) | (289,154 | ) | (329,224 | ) | (293,680 | ) | 924,277 | (371,060 | ) | |||||||||||||
Income tax benefit (provision) | 7,200 | (3,640 | ) | (4,550 | ) | (4,050 | ) | — | (5,040 | ) | ||||||||||||||
Net loss from continuing operations | (376,079 | ) | (292,794 | ) | (333,774 | ) | (297,730 | ) | 924,277 | (376,100 | ) | |||||||||||||
Income from discontinued operations, net of income taxes | — | — | — | 21 | — | 21 | ||||||||||||||||||
Net loss | $ | (376,079 | ) | $ | (292,794 | ) | $ | (333,774 | ) | $ | (297,709 | ) | $ | 924,277 | $ | (376,079 | ) | |||||||
Comprehensive loss, net of income taxes | ||||||||||||||||||||||||
Foreign currency translation | $ | 8,419 | $ | 8,159 | $ | 8,159 | $ | 8,159 | $ | (24,477 | ) | $ | 8,419 | |||||||||||
adjustment | ||||||||||||||||||||||||
Other | (569 | ) | (569 | ) | (569 | ) | (569 | ) | 1,707 | (569 | ) | |||||||||||||
Other comprehensive income | 7,850 | 7,590 | 7,590 | 7,590 | (22,770 | ) | 7,850 | |||||||||||||||||
Net loss | (376,079 | ) | (292,794 | ) | (333,774 | ) | (297,709 | ) | 924,277 | (376,079 | ) | |||||||||||||
Total comprehensive loss | $ | (368,229 | ) | $ | (285,204 | ) | $ | (326,184 | ) | $ | (290,119 | ) | $ | 901,507 | $ | (368,229 | ) | |||||||
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE (LOSS) INCOME | ||||||||||||||||||||||||
For the Three Months Ended March 31, 2013 | ||||||||||||||||||||||||
NII Holdings, | NII Capital | Guarantor | Non- | Consolidating | Consolidated | |||||||||||||||||||
Inc. (Parent) | Corp. (Issuer) | Subsidiaries | Guarantor | Adjustments | ||||||||||||||||||||
Subsidiaries | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Operating revenues | $ | — | $ | — | $ | 768 | $ | 1,330,839 | $ | (768 | ) | $ | 1,330,839 | |||||||||||
Operating expenses | ||||||||||||||||||||||||
Cost of revenues (exclusive of | — | — | — | 605,394 | — | 605,394 | ||||||||||||||||||
depreciation and amortization | ||||||||||||||||||||||||
included below) | ||||||||||||||||||||||||
Selling, general and administrative | 791 | — | 46,401 | 452,004 | (1,664 | ) | 497,532 | |||||||||||||||||
Impairment and restructuring charges | — | — | 77,000 | 47,607 | — | 124,607 | ||||||||||||||||||
Management fee and other | — | — | (28,699 | ) | 38,309 | (9,610 | ) | — | ||||||||||||||||
Depreciation and amortization | — | — | 10,397 | 172,425 | — | 182,822 | ||||||||||||||||||
791 | — | 105,099 | 1,315,739 | (11,274 | ) | 1,410,355 | ||||||||||||||||||
Operating (loss) income | (791 | ) | — | (104,331 | ) | 15,100 | 10,506 | (79,516 | ) | |||||||||||||||
Other income (expense) | ||||||||||||||||||||||||
Interest expense, net | (140 | ) | (59,316 | ) | (410 | ) | (49,796 | ) | — | (109,662 | ) | |||||||||||||
Intercompany interest expense | (57,896 | ) | — | (12 | ) | (13,448 | ) | 71,356 | — | |||||||||||||||
Interest income | 309 | — | 4 | 6,192 | — | 6,505 | ||||||||||||||||||
Intercompany interest income | 1,118 | 70,203 | 35 | — | (71,356 | ) | — | |||||||||||||||||
Foreign currency transaction gains, net | — | — | — | 23,225 | — | 23,225 | ||||||||||||||||||
Equity in loss of affiliates | (161,046 | ) | (48,737 | ) | (47,447 | ) | — | 257,230 | — | |||||||||||||||
Other income (expense), net | 10,506 | — | (2 | ) | (4,752 | ) | (10,506 | ) | (4,754 | ) | ||||||||||||||
(207,149 | ) | (37,850 | ) | (47,832 | ) | (38,579 | ) | 246,724 | (84,686 | ) | ||||||||||||||
Loss from continuing operations before income tax benefit (provision) | (207,940 | ) | (37,850 | ) | (152,163 | ) | (23,479 | ) | 257,230 | (164,202 | ) | |||||||||||||
Income tax benefit (provision) | 436 | (3,395 | ) | (2,605 | ) | (2,284 | ) | (13,770 | ) | (21,618 | ) | |||||||||||||
Net loss from continuing operations | (207,504 | ) | (41,245 | ) | (154,768 | ) | (25,763 | ) | 243,460 | (185,820 | ) | |||||||||||||
Loss from discontinued operations, net of income taxes | — | — | — | (21,684 | ) | — | (21,684 | ) | ||||||||||||||||
Net loss | $ | (207,504 | ) | $ | (41,245 | ) | $ | (154,768 | ) | $ | (47,447 | ) | $ | 243,460 | $ | (207,504 | ) | |||||||
Comprehensive (loss) income, net of income taxes | ||||||||||||||||||||||||
Foreign currency translation | $ | 77,453 | $ | 77,640 | $ | 77,640 | $ | 77,640 | $ | (232,920 | ) | $ | 77,453 | |||||||||||
adjustment | ||||||||||||||||||||||||
Other | (1,925 | ) | (1,925 | ) | (1,925 | ) | (1,925 | ) | 5,775 | (1,925 | ) | |||||||||||||
Other comprehensive income | 75,528 | 75,715 | 75,715 | 75,715 | (227,145 | ) | 75,528 | |||||||||||||||||
Net loss | (207,504 | ) | (41,245 | ) | (154,768 | ) | (47,447 | ) | 243,460 | (207,504 | ) | |||||||||||||
Total comprehensive (loss) income | $ | (131,976 | ) | $ | 34,470 | $ | (79,053 | ) | $ | 28,268 | $ | 16,315 | $ | (131,976 | ) | |||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | ||||||||||||||||||||||||
For the Three Months Ended March 31, 2014 | ||||||||||||||||||||||||
NII Holdings, | NII Capital | Guarantor | Non- | Consolidating | Consolidated | |||||||||||||||||||
Inc. (Parent) | Corp. (Issuer) | Subsidiaries | Guarantor | Adjustments | ||||||||||||||||||||
Subsidiaries | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Cash flows from operating activities: | ||||||||||||||||||||||||
Net loss | $ | (376,079 | ) | $ | (292,794 | ) | $ | (333,774 | ) | $ | (297,709 | ) | $ | 924,277 | $ | (376,079 | ) | |||||||
Adjustments to reconcile net loss to net cash (used in) provided by operating activities | 336,162 | 293,000 | 286,773 | (101,159 | ) | (924,277 | ) | (109,501 | ) | |||||||||||||||
Total operating cash (used in) provided by continuing operations | (39,917 | ) | 206 | (47,001 | ) | (398,868 | ) | — | (485,580 | ) | ||||||||||||||
Total operating cash provided by discontinued operations | — | — | — | 21 | — | 21 | ||||||||||||||||||
Net cash (used in) provided by operating activities | (39,917 | ) | 206 | (47,001 | ) | (398,847 | ) | — | (485,559 | ) | ||||||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||
Capital expenditures | — | — | (1,700 | ) | (180,627 | ) | — | (182,327 | ) | |||||||||||||||
Purchases of long-term and short- | — | — | — | (203,232 | ) | — | (203,232 | ) | ||||||||||||||||
term investments | ||||||||||||||||||||||||
Proceeds from sales of long-term | — | — | — | 510,117 | — | 510,117 | ||||||||||||||||||
and short-term investments | ||||||||||||||||||||||||
Investments in subsidiaries | (58,566 | ) | (216 | ) | — | — | 58,782 | — | ||||||||||||||||
Payments for purchases of licenses and other | — | — | — | (34,119 | ) | — | (34,119 | ) | ||||||||||||||||
Total investing cash (used in) provided by continuing operations | (58,566 | ) | (216 | ) | (1,700 | ) | 92,139 | 58,782 | 90,439 | |||||||||||||||
Total investing cash used in discontinued operations | — | — | — | (30 | ) | — | (30 | ) | ||||||||||||||||
Net cash (used in) provided by investing activities | (58,566 | ) | (216 | ) | (1,700 | ) | 92,109 | 58,782 | 90,409 | |||||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||||||
Borrowings under equipment financing facilities and other | — | — | — | 14,691 | — | 14,691 | ||||||||||||||||||
Repayments under bank loans, equipment financing and other | (2 | ) | — | (463 | ) | (18,866 | ) | — | (19,331 | ) | ||||||||||||||
Capital contributions | — | 10 | 58,466 | 306 | (58,782 | ) | — | |||||||||||||||||
Net cash flows (used in) provided by financing activities | (2 | ) | 10 | 58,003 | (3,869 | ) | (58,782 | ) | (4,640 | ) | ||||||||||||||
Effect of exchange rate changes | — | — | — | (34,224 | ) | — | (34,224 | ) | ||||||||||||||||
on cash and cash equivalents | ||||||||||||||||||||||||
Net (decrease) increase in cash and | (98,485 | ) | — | 9,302 | (344,831 | ) | — | (434,014 | ) | |||||||||||||||
cash equivalents | ||||||||||||||||||||||||
Cash and cash equivalents, | 356,314 | — | 5,586 | 1,371,883 | — | 1,733,783 | ||||||||||||||||||
beginning of period | ||||||||||||||||||||||||
Cash and cash equivalents, end of | $ | 257,829 | $ | — | $ | 14,888 | $ | 1,027,052 | $ | — | $ | 1,299,769 | ||||||||||||
period | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | ||||||||||||||||||||||||
For the Three Months Ended March 31, 2013 | ||||||||||||||||||||||||
NII Holdings, | NII Capital | Guarantor | Non- | Consolidating | Consolidated | |||||||||||||||||||
Inc. (Parent) | Corp. (Issuer) | Subsidiaries | Guarantor | Adjustments | ||||||||||||||||||||
Subsidiaries | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Cash flows from operating activities: | ||||||||||||||||||||||||
Net loss | $ | (207,504 | ) | $ | (41,245 | ) | $ | (154,768 | ) | $ | (47,447 | ) | $ | 243,460 | $ | (207,504 | ) | |||||||
Adjustments to reconcile net loss to net cash (used in) provided by operating activities | 167,521 | 42,118 | 126,563 | (14,223 | ) | (243,060 | ) | 78,919 | ||||||||||||||||
Total operating cash (used in) provided by continuing operations | (39,983 | ) | 873 | (28,205 | ) | (61,670 | ) | 400 | (128,585 | ) | ||||||||||||||
Total operating cash used in discontinued operations | — | — | — | (14,045 | ) | — | (14,045 | ) | ||||||||||||||||
Net cash (used in) provided by operating activities | (39,983 | ) | 873 | (28,205 | ) | (75,715 | ) | 400 | (142,630 | ) | ||||||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||
Capital expenditures | — | — | (8,305 | ) | (233,083 | ) | (400 | ) | (241,788 | ) | ||||||||||||||
Purchases of long-term and short- | — | — | — | (176,309 | ) | — | (176,309 | ) | ||||||||||||||||
term investments | ||||||||||||||||||||||||
Proceeds from sales of short-term | — | — | — | 342,819 | — | 342,819 | ||||||||||||||||||
investments | ||||||||||||||||||||||||
Investments in subsidiaries | (38,484 | ) | (873 | ) | — | — | 39,357 | — | ||||||||||||||||
Payment for purchases of licenses and other | — | — | — | (19,114 | ) | — | (19,114 | ) | ||||||||||||||||
Total investing cash used in continuing operations | (38,484 | ) | (873 | ) | (8,305 | ) | (85,687 | ) | 38,957 | (94,392 | ) | |||||||||||||
Total investing cash used in discontinued operations | — | — | — | (27,060 | ) | — | (27,060 | ) | ||||||||||||||||
Net cash used in investing | (38,484 | ) | (873 | ) | (8,305 | ) | (112,747 | ) | 38,957 | (121,452 | ) | |||||||||||||
activities | ||||||||||||||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||||||
Borrowings under equipment financing facilities | — | — | — | 41,780 | — | 41,780 | ||||||||||||||||||
Proceeds from issuance of senior notes | — | — | — | 750,000 | — | 750,000 | ||||||||||||||||||
Repayments under bank loans, equipment financing and other | — | — | (4,087 | ) | (24,070 | ) | — | (28,157 | ) | |||||||||||||||
Capital contributions | — | — | 38,484 | 873 | (39,357 | ) | — | |||||||||||||||||
Total financing cash provided by continuing operations | — | — | 34,397 | 768,583 | (39,357 | ) | 763,623 | |||||||||||||||||
Total financing cash used in discontinued operations | — | — | — | (779 | ) | — | (779 | ) | ||||||||||||||||
Net cash provided by financing activities | — | — | 34,397 | 767,804 | (39,357 | ) | 762,844 | |||||||||||||||||
Effect of exchange rate changes | — | — | — | 2,198 | — | 2,198 | ||||||||||||||||||
on cash and cash equivalents | ||||||||||||||||||||||||
Change in cash and cash equivalents held for sale | — | — | — | 3,965 | — | 3,965 | ||||||||||||||||||
Net (decrease) increase in cash and cash equivalents | (78,467 | ) | — | (2,113 | ) | 585,505 | — | 504,925 | ||||||||||||||||
Cash and cash equivalents, | 735,022 | — | 6,469 | 629,682 | — | 1,371,173 | ||||||||||||||||||
beginning of period | ||||||||||||||||||||||||
Cash and cash equivalents, end of | $ | 656,555 | $ | — | $ | 4,356 | $ | 1,215,187 | $ | — | $ | 1,876,098 | ||||||||||||
period | ||||||||||||||||||||||||
Basis_of_Presentation_Accounti
Basis of Presentation (Accounting Policies) | 3 Months Ended |
Mar. 31, 2014 | |
Summary of Operations and Significant Accounting Policies [Abstract] | ' |
New Accounting Pronouncements, Policy [Policy Text Block] | ' |
New Accounting Pronouncements. There were no new accounting standards issued during the three months ended March 31, 2014 that materially impacted our condensed consolidated financial statements or could materially impact our financial statements or related disclosures in a future period. | |
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 condensed consolidated financial statements. For the three months ended March 31, 2014 and 2013, we recognized $31.1 million and $48.4 million, respectively, in revenue-based taxes and other excise taxes | |
Net Income Per Common Share, Basic and Diluted | ' |
Net Loss Per Common Share, Basic and Diluted. Basic net loss per common share is computed by dividing adjusted net loss attributable to common shares by the weighted average number of common shares outstanding for the period. Diluted net loss per common share reflects the potential dilution of securities that could participate in our earnings, but not securities that are antidilutive, including stock options with an exercise price greater than the average market price of our common stock. | |
Our unvested restricted stock awards, or RSAs, contain non-forfeitable rights to dividends, whether paid or unpaid. As a result, our RSAs are considered participating securities because their holders have the right to participate in earnings with common stockholders. We use the two-class method to allocate net income between common shares and other participating securities. | |
As presented for the three months ended March 31, 2014 and 2013, our calculation of diluted net loss per common share is based on the weighted average number of common shares outstanding during those periods and does not include other potential common shares, including shares issuable upon the potential exercise of stock options under our stock-based employee compensation plans or restricted common shares issued under those plans since their effect would have been antidilutive to our net loss per common share for those periods. Furthermore, for the three months ended March 31, 2014 and 2013, we did not include 47.4 million and 12.4 million stock options, respectively, and 33.6 million and 27.7 million restricted stock units, 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. |
Basis_of_Presentation_Tables
Basis of Presentation (Tables) | 3 Months Ended | |||||||
Mar. 31, 2014 | ||||||||
Summary of Operations and Significant Accounting Policies [Abstract] | ' | |||||||
Schedule of Accumulated Other Comprehensive Loss | ' | |||||||
Accumulated Other Comprehensive Loss. As of March 31, 2014 and December 31, 2013, the tax impact on our accumulated other comprehensive loss was not material. The components of our accumulated other comprehensive loss, net of taxes, are as follows: | ||||||||
31-Mar-14 | 31-Dec-13 | |||||||
(in thousands) | ||||||||
Cumulative foreign currency translation adjustment | $ | (942,852 | ) | $ | (951,271 | ) | ||
Other | (5,375 | ) | (4,806 | ) | ||||
$ | (948,227 | ) | $ | (956,077 | ) | |||
Supplemental Cash Flow Information | ' | |||||||
Supplemental Cash Flow Information. | ||||||||
Three Months Ended March 31, | ||||||||
2014 | 2013 | |||||||
(in thousands) | ||||||||
Capital expenditures | ||||||||
Cash paid for capital expenditures, including capitalized interest on | $ | 182,327 | $ | 241,788 | ||||
property, plant and equipment | ||||||||
Change in capital expenditures accrued and unpaid or financed, including | (64,513 | ) | (89,057 | ) | ||||
accreted interest capitalized | ||||||||
$ | 117,814 | $ | 152,731 | |||||
Interest costs | ||||||||
Interest expense, net | $ | 140,212 | $ | 109,662 | ||||
Interest capitalized | 12,722 | 23,620 | ||||||
$ | 152,934 | $ | 133,282 | |||||
For the three months ended March 31, 2014, we had $45.2 million in non-cash financing, primarily related to borrowings under our equipment financing facility in Mexico. For the three months ended March 31, 2013, we had $24.1 million in non-cash financing, primarily related to borrowings under our equipment financing facility in Mexico and co-location capital lease obligations on our communication towers in Brazil and Mexico. |
Discontinued_Operations_Tables
Discontinued Operations (Tables) | 3 Months Ended | |||||||
Mar. 31, 2014 | ||||||||
Discontinued Operations and Disposal Groups [Abstract] | ' | |||||||
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block] | ' | |||||||
Three Months Ended March 31, | ||||||||
2014 | 2013 | |||||||
Operating revenues | $ | — | $ | 82,557 | ||||
Operating expenses | — | (105,093 | ) | |||||
Other income, net | — | 114 | ||||||
Loss before income tax benefit | — | (22,422 | ) | |||||
Income tax benefit | — | 738 | ||||||
— | (21,684 | ) | ||||||
Income on disposal of Nextel Peru | 21 | — | ||||||
Income (loss) from discontinued operations, net of income taxes | $ | 21 | $ | (21,684 | ) | |||
Impairment_and_Restructuring_C1
Impairment and Restructuring Charges (Tables) | 3 Months Ended | |||||||
Mar. 31, 2014 | ||||||||
Restructuring and Related Activities [Abstract] | ' | |||||||
Asset Impairment [Table Text Block] | ' | |||||||
Total impairment and restructuring (benefits) charges by operating segment for the three months ended March 31, 2014 and 2013 were as follows (in thousands): | ||||||||
Three Months Ended | ||||||||
March 31, | ||||||||
2014 | 2013 | |||||||
Brazil | $ | — | $ | 23,814 | ||||
Mexico | (562 | ) | 19,655 | |||||
Argentina | — | 3,717 | ||||||
Chile | — | 33,921 | ||||||
Corporate | (1,965 | ) | 43,500 | |||||
Total impairment and restructuring (benefits) charges | $ | (2,527 | ) | $ | 124,607 | |||
Balance_Sheet_Details_Tables
Balance Sheet Details (Tables) | 3 Months Ended | |||||||||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||||||||
Balance Sheet Details [Abstract] | ' | |||||||||||||||||||||||
Schedule of Prepaid Assets and Other Disclosure [Table Text Block] | ' | |||||||||||||||||||||||
Prepaid Expenses and Other. | ||||||||||||||||||||||||
The components of our prepaid expenses and other are as follows: | ||||||||||||||||||||||||
March 31, | December 31, | |||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Value-added taxes | $ | 230,375 | $ | 237,119 | ||||||||||||||||||||
Spectrum fees | 101,164 | 1,109 | ||||||||||||||||||||||
Income taxes | 61,215 | 59,054 | ||||||||||||||||||||||
Other prepaid assets | 115,327 | 96,312 | ||||||||||||||||||||||
Other current assets | 54,333 | 42,506 | ||||||||||||||||||||||
$ | 562,414 | $ | 436,100 | |||||||||||||||||||||
Property, Plant and Equipment [Table Text Block] | ' | |||||||||||||||||||||||
Property, Plant and Equipment, Net. | ||||||||||||||||||||||||
The components of our property, plant and equipment are as follows: | ||||||||||||||||||||||||
March 31, | December 31, | |||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Land | $ | 9,707 | $ | 9,652 | ||||||||||||||||||||
Building and leasehold improvements | 193,438 | 193,376 | ||||||||||||||||||||||
Digital mobile network equipment, communication towers and network software | 4,981,008 | 4,829,134 | ||||||||||||||||||||||
Office equipment, furniture and fixtures and other | 806,329 | 785,242 | ||||||||||||||||||||||
Corporate aircraft capital lease | 43,374 | 42,747 | ||||||||||||||||||||||
Less: Accumulated depreciation and amortization | (3,146,058 | ) | (2,995,667 | ) | ||||||||||||||||||||
2,887,798 | 2,864,484 | |||||||||||||||||||||||
Construction in progress | 507,231 | 523,576 | ||||||||||||||||||||||
$ | 3,395,029 | $ | 3,388,060 | |||||||||||||||||||||
Schedule of Finite-Lived Intangible Assets [Table Text Block] | ' | |||||||||||||||||||||||
Intangible Assets, Net. | ||||||||||||||||||||||||
Our intangible assets include the following: | ||||||||||||||||||||||||
31-Mar-14 | 31-Dec-13 | |||||||||||||||||||||||
Gross Carrying | Accumulated | Net Carrying | Gross Carrying | Accumulated | Net Carrying | |||||||||||||||||||
Value | Amortization | Value | Value | Amortization | Value | |||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Amortizable intangible assets: | ||||||||||||||||||||||||
Licenses | $ | 1,259,950 | $ | (264,826 | ) | $ | 995,124 | $ | 1,220,990 | $ | (245,321 | ) | $ | 975,669 | ||||||||||
As of both March 31, 2014 and December 31, 2013, the balance of our indefinite lived intangible assets was $18.0 million. | ||||||||||||||||||||||||
Schedule of Accrued Liabilities [Table Text Block] | ' | |||||||||||||||||||||||
Accrued Expenses and Other. | ||||||||||||||||||||||||
The components of our accrued expenses and other are as follows: | ||||||||||||||||||||||||
March 31, | December 31, | |||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Capital expenditures | $ | 226,283 | $ | 290,484 | ||||||||||||||||||||
Accrued interest | 115,671 | 128,509 | ||||||||||||||||||||||
Non-income based taxes | 95,710 | 114,360 | ||||||||||||||||||||||
Payroll related items and commissions | 93,232 | 92,852 | ||||||||||||||||||||||
Network system and information technology | 91,572 | 92,109 | ||||||||||||||||||||||
Other | 234,709 | 254,220 | ||||||||||||||||||||||
$ | 857,177 | $ | 972,534 | |||||||||||||||||||||
Debt_Tables
Debt (Tables) | 3 Months Ended | |||||||
Mar. 31, 2014 | ||||||||
Debt [Abstract] | ' | |||||||
Debt | ' | |||||||
31-Mar-14 | 31-Dec-13 | |||||||
(in thousands) | ||||||||
NII Capital Corp. senior notes, net | $ | 2,730,388 | $ | 2,729,321 | ||||
NII International Telecom, S.C.A. senior notes, net | 1,609,626 | 1,609,962 | ||||||
Bank loans | 446,195 | 444,268 | ||||||
Brazil equipment financing | 366,937 | 352,725 | ||||||
Mexico equipment financing | 346,064 | 300,832 | ||||||
Mexico capital lease and tower financing obligations | 190,954 | 194,227 | ||||||
Brazil capital lease and tower financing obligations | 125,326 | 122,499 | ||||||
Corporate aircraft capital lease | 35,273 | 35,736 | ||||||
Other | 2,062 | 3,901 | ||||||
Total debt | 5,852,825 | 5,793,471 | ||||||
Less: current portion | (103,535 | ) | (96,839 | ) | ||||
$ | 5,749,290 | $ | 5,696,632 | |||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 3 Months Ended | |||||||||||||||
Mar. 31, 2014 | ||||||||||||||||
Fair Value Measurements | ' | |||||||||||||||
Debt | ' | |||||||||||||||
The carrying amounts and estimated fair values of our long-term debt instruments are as follows: | ||||||||||||||||
31-Mar-14 | 31-Dec-13 | |||||||||||||||
Carrying | Estimated | Carrying | Estimated | |||||||||||||
Amount | Fair Value | Amount | Fair Value | |||||||||||||
(in thousands) | ||||||||||||||||
NII Capital Corp. senior notes, net | $ | 2,730,388 | $ | 971,125 | $ | 2,729,321 | $ | 1,227,950 | ||||||||
NII International Telecom, S.C.A. senior notes, net | 1,609,626 | 1,110,380 | 1,609,962 | 1,271,370 | ||||||||||||
Bank loans and other | 448,257 | 351,695 | 448,169 | 373,796 | ||||||||||||
Equipment financing | 713,001 | 650,214 | 653,557 | 620,173 | ||||||||||||
$ | 5,501,272 | $ | 3,083,414 | $ | 5,441,009 | $ | 3,493,289 | |||||||||
Segment_Reporting_Tables
Segment Reporting (Tables) | 3 Months Ended | |||||||||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||||||||||||
Segment Reporting Information | ' | |||||||||||||||||||||||
Brazil | Mexico | Argentina | Chile | Corporate and Eliminations | Consolidated | |||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Three Months Ended March 31, 2014 | ||||||||||||||||||||||||
Operating revenues | $ | 461,224 | $ | 381,844 | $ | 112,680 | $ | 14,432 | $ | 34 | $ | 970,214 | ||||||||||||
Segment (losses) earnings | $ | (29,145 | ) | $ | (12,540 | ) | $ | 26,978 | $ | (24,749 | ) | $ | (44,475 | ) | $ | (83,931 | ) | |||||||
Less: | ||||||||||||||||||||||||
Impairment and restructuring benefits | 2,527 | |||||||||||||||||||||||
Depreciation and amortization | (157,676 | ) | ||||||||||||||||||||||
Foreign currency transaction losses, net | (7,186 | ) | ||||||||||||||||||||||
Interest expense and other, net | (124,794 | ) | ||||||||||||||||||||||
Loss from continuing operations before income tax provision | $ | (371,060 | ) | |||||||||||||||||||||
Capital expenditures | $ | 67,688 | $ | 38,522 | $ | 5,252 | $ | 602 | $ | 5,750 | $ | 117,814 | ||||||||||||
Three Months Ended March 31, 2013 | ||||||||||||||||||||||||
Operating revenues | $ | 635,872 | $ | 514,014 | $ | 167,024 | $ | 25,264 | $ | (11,335 | ) | $ | 1,330,839 | |||||||||||
Segment earnings (losses) | $ | 157,643 | $ | 101,229 | $ | 52,341 | $ | (34,495 | ) | $ | (48,805 | ) | $ | 227,913 | ||||||||||
Less: | ||||||||||||||||||||||||
Impairment and restructuring charges | (124,607 | ) | ||||||||||||||||||||||
Depreciation and amortization | (182,822 | ) | ||||||||||||||||||||||
Foreign currency transaction gains, net | 23,225 | |||||||||||||||||||||||
Interest expense and other, net | (107,911 | ) | ||||||||||||||||||||||
Loss from continuing operations before income tax provision | $ | (164,202 | ) | |||||||||||||||||||||
Capital expenditures | $ | 92,908 | $ | 52,465 | $ | 1,493 | $ | 3,113 | $ | 2,752 | $ | 152,731 | ||||||||||||
31-Mar-14 | ||||||||||||||||||||||||
Identifiable assets | $ | 3,625,452 | $ | 2,564,613 | $ | 386,760 | $ | 156,730 | $ | 1,456,110 | $ | 8,189,665 | ||||||||||||
31-Dec-13 | ||||||||||||||||||||||||
Identifiable assets | $ | 3,705,642 | $ | 2,695,091 | $ | 451,041 | $ | 169,062 | $ | 1,659,118 | $ | 8,679,954 | ||||||||||||
Condensed_Consolidating_Financ1
Condensed Consolidating Financial Statements (Tables) | 3 Months Ended | |||||||||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||||||||
Condensed Consolidating Financial Statements | ' | |||||||||||||||||||||||
Condensed Consolidating Balance Sheet | ' | |||||||||||||||||||||||
CONDENSED CONSOLIDATING BALANCE SHEET | ||||||||||||||||||||||||
As of March 31, 2014 | ||||||||||||||||||||||||
NII Holdings, | NII Capital | Guarantor | Non- | Consolidating | Consolidated | |||||||||||||||||||
Inc. (Parent) | Corp. (Issuer)(1) | Subsidiaries(2) | Guarantor | Adjustments | ||||||||||||||||||||
Subsidiaries | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||
Current assets | ||||||||||||||||||||||||
Cash and cash equivalents | $ | 257,829 | $ | — | $ | 14,888 | $ | 1,027,052 | $ | — | $ | 1,299,769 | ||||||||||||
Short-term investments | — | — | — | 305,208 | — | 305,208 | ||||||||||||||||||
Accounts receivable, net | — | — | 431 | 501,019 | — | 501,450 | ||||||||||||||||||
Short-term intercompany receivables | 34,196 | 92,206 | 86,053 | 5,768 | (218,223 | ) | — | |||||||||||||||||
Handset and accessory inventory | — | — | — | 411,058 | — | 411,058 | ||||||||||||||||||
Deferred income taxes, net | — | — | 1,107 | 109,526 | — | 110,633 | ||||||||||||||||||
Prepaid expenses and other | 6,152 | — | 14,739 | 541,523 | — | 562,414 | ||||||||||||||||||
Total current assets | 298,177 | 92,206 | 117,218 | 2,901,154 | (218,223 | ) | 3,190,532 | |||||||||||||||||
Property, plant and equipment, net | — | — | 130,286 | 3,264,743 | — | 3,395,029 | ||||||||||||||||||
Investments in and advances to | 1,636,058 | 1,217,111 | 1,271,936 | — | (4,125,105 | ) | — | |||||||||||||||||
affiliates | ||||||||||||||||||||||||
Intangible assets, net | 18,000 | — | — | 995,124 | — | 1,013,124 | ||||||||||||||||||
Deferred income taxes, net | 15,821 | — | — | 28,178 | (15,821 | ) | 28,178 | |||||||||||||||||
Long-term intercompany receivables | 1,458,283 | 3,782,566 | 707,192 | 1,354 | (5,949,395 | ) | — | |||||||||||||||||
Other assets | 29,020 | 30,963 | 6,018 | 496,801 | — | 562,802 | ||||||||||||||||||
Total assets | $ | 3,455,359 | $ | 5,122,846 | $ | 2,232,650 | $ | 7,687,354 | $ | (10,308,544 | ) | $ | 8,189,665 | |||||||||||
LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY | ||||||||||||||||||||||||
Current liabilities | ||||||||||||||||||||||||
Accounts payable | $ | — | $ | — | $ | 1,630 | $ | 314,482 | $ | — | $ | 316,112 | ||||||||||||
Short-term intercompany payables | 465,567 | 119,098 | 1,483,031 | 256,603 | (2,324,299 | ) | — | |||||||||||||||||
Accrued expenses and other | — | 78,224 | 16,885 | 762,265 | (197 | ) | 857,177 | |||||||||||||||||
Deferred revenues | — | — | — | 119,004 | — | 119,004 | ||||||||||||||||||
Current portion of long-term debt | — | — | 1,966 | 101,569 | — | 103,535 | ||||||||||||||||||
Deposits related to 2013 sale of towers | — | — | — | 715,782 | — | 715,782 | ||||||||||||||||||
Total current liabilities | 465,567 | 197,322 | 1,503,512 | 2,269,705 | (2,324,496 | ) | 2,111,610 | |||||||||||||||||
Long-term debt | 23 | 2,730,389 | 33,307 | 2,985,571 | — | 5,749,290 | ||||||||||||||||||
Deferred revenues | — | — | — | 10,558 | — | 10,558 | ||||||||||||||||||
Deferred income tax liabilities | 1 | 2,950 | 15,259 | 94,919 | (15,821 | ) | 97,308 | |||||||||||||||||
Long-term intercompany payables | 2,968,122 | — | 10,390 | 865,961 | (3,844,473 | ) | — | |||||||||||||||||
Other long-term liabilities | 30,411 | — | 10,549 | 188,704 | — | 229,664 | ||||||||||||||||||
Total liabilities | 3,464,124 | 2,930,661 | 1,573,017 | 6,415,418 | (6,184,790 | ) | 8,198,430 | |||||||||||||||||
Total stockholders’ (deficit) equity | (8,765 | ) | 2,192,185 | 659,633 | 1,271,936 | (4,123,754 | ) | (8,765 | ) | |||||||||||||||
Total liabilities and stockholders’ (deficit) equity | $ | 3,455,359 | $ | 5,122,846 | $ | 2,232,650 | $ | 7,687,354 | $ | (10,308,544 | ) | $ | 8,189,665 | |||||||||||
_______________________________________ | ||||||||||||||||||||||||
-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% senior notes due 2019. | |||||||||||||||||||||||
CONDENSED CONSOLIDATING BALANCE SHEET | ||||||||||||||||||||||||
As of December 31, 2013 | ||||||||||||||||||||||||
NII Holdings, | NII Capital | Guarantor | Non- | Consolidating | Consolidated | |||||||||||||||||||
Inc. (Parent) | Corp. (Issuer) | Subsidiaries | 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 | 31,803 | 129,810 | 72,595 | 4,779 | (238,987 | ) | — | |||||||||||||||||
receivables | ||||||||||||||||||||||||
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 income tax liabilities | 3 | 2,950 | 15,384 | 106,682 | (16,028 | ) | 108,991 | |||||||||||||||||
Long-term intercompany | 2,950,226 | — | 10,390 | 929,990 | (3,890,606 | ) | — | |||||||||||||||||
payables | ||||||||||||||||||||||||
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 stockholders’ equity | $ | 3,800,766 | $ | 5,380,328 | $ | 2,497,739 | $ | 8,081,910 | $ | (11,080,789 | ) | $ | 8,679,954 | |||||||||||
Condensed Consolidating Statement Of Operations | ' | |||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE LOSS | ||||||||||||||||||||||||
For the Three Months Ended March 31, 2014 | ||||||||||||||||||||||||
NII Holdings, | NII Capital | Guarantor | Non- | Consolidating | Consolidated | |||||||||||||||||||
Inc. (Parent) | Corp. (Issuer) | Subsidiaries | Guarantor | Adjustments | ||||||||||||||||||||
Subsidiaries | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Operating revenues | $ | — | $ | — | $ | 824 | $ | 970,158 | $ | (768 | ) | $ | 970,214 | |||||||||||
Operating expenses | ||||||||||||||||||||||||
Cost of revenues (exclusive of | — | — | — | 603,388 | — | 603,388 | ||||||||||||||||||
depreciation and amortization | ||||||||||||||||||||||||
included below) | ||||||||||||||||||||||||
Selling, general and administrative | 803 | — | 43,623 | 408,748 | (2,417 | ) | 450,757 | |||||||||||||||||
Impairment and restructuring charges | — | — | (1,965 | ) | (562 | ) | — | (2,527 | ) | |||||||||||||||
Management fee and other | — | — | (15,389 | ) | 16,668 | (1,279 | ) | — | ||||||||||||||||
Depreciation and amortization | — | — | 6,027 | 151,649 | — | 157,676 | ||||||||||||||||||
803 | — | 32,296 | 1,179,891 | (3,696 | ) | 1,209,294 | ||||||||||||||||||
Operating loss | (803 | ) | — | (31,472 | ) | (209,733 | ) | 2,928 | (239,080 | ) | ||||||||||||||
Other income (expense) | ||||||||||||||||||||||||
Interest expense, net | (141 | ) | (60,625 | ) | (235 | ) | (79,211 | ) | — | (140,212 | ) | |||||||||||||
Intercompany interest expense | (57,896 | ) | — | (17 | ) | (12,578 | ) | 70,491 | — | |||||||||||||||
Interest income | 102 | — | 3 | 20,003 | — | 20,108 | ||||||||||||||||||
Intercompany interest income | 81 | 70,202 | 206 | 2 | (70,491 | ) | — | |||||||||||||||||
Foreign currency transaction losses, net | — | — | — | (7,186 | ) | — | (7,186 | ) | ||||||||||||||||
Equity in loss of affiliates | (327,550 | ) | (298,731 | ) | (297,709 | ) | — | 923,990 | — | |||||||||||||||
Other income (expense), net | 2,928 | — | — | (4,977 | ) | (2,641 | ) | (4,690 | ) | |||||||||||||||
(382,476 | ) | (289,154 | ) | (297,752 | ) | (83,947 | ) | 921,349 | (131,980 | ) | ||||||||||||||
Loss from continuing operations before income tax benefit (provision) | (383,279 | ) | (289,154 | ) | (329,224 | ) | (293,680 | ) | 924,277 | (371,060 | ) | |||||||||||||
Income tax benefit (provision) | 7,200 | (3,640 | ) | (4,550 | ) | (4,050 | ) | — | (5,040 | ) | ||||||||||||||
Net loss from continuing operations | (376,079 | ) | (292,794 | ) | (333,774 | ) | (297,730 | ) | 924,277 | (376,100 | ) | |||||||||||||
Income from discontinued operations, net of income taxes | — | — | — | 21 | — | 21 | ||||||||||||||||||
Net loss | $ | (376,079 | ) | $ | (292,794 | ) | $ | (333,774 | ) | $ | (297,709 | ) | $ | 924,277 | $ | (376,079 | ) | |||||||
Comprehensive loss, net of income taxes | ||||||||||||||||||||||||
Foreign currency translation | $ | 8,419 | $ | 8,159 | $ | 8,159 | $ | 8,159 | $ | (24,477 | ) | $ | 8,419 | |||||||||||
adjustment | ||||||||||||||||||||||||
Other | (569 | ) | (569 | ) | (569 | ) | (569 | ) | 1,707 | (569 | ) | |||||||||||||
Other comprehensive income | 7,850 | 7,590 | 7,590 | 7,590 | (22,770 | ) | 7,850 | |||||||||||||||||
Net loss | (376,079 | ) | (292,794 | ) | (333,774 | ) | (297,709 | ) | 924,277 | (376,079 | ) | |||||||||||||
Total comprehensive loss | $ | (368,229 | ) | $ | (285,204 | ) | $ | (326,184 | ) | $ | (290,119 | ) | $ | 901,507 | $ | (368,229 | ) | |||||||
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE (LOSS) INCOME | ||||||||||||||||||||||||
For the Three Months Ended March 31, 2013 | ||||||||||||||||||||||||
NII Holdings, | NII Capital | Guarantor | Non- | Consolidating | Consolidated | |||||||||||||||||||
Inc. (Parent) | Corp. (Issuer) | Subsidiaries | Guarantor | Adjustments | ||||||||||||||||||||
Subsidiaries | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Operating revenues | $ | — | $ | — | $ | 768 | $ | 1,330,839 | $ | (768 | ) | $ | 1,330,839 | |||||||||||
Operating expenses | ||||||||||||||||||||||||
Cost of revenues (exclusive of | — | — | — | 605,394 | — | 605,394 | ||||||||||||||||||
depreciation and amortization | ||||||||||||||||||||||||
included below) | ||||||||||||||||||||||||
Selling, general and administrative | 791 | — | 46,401 | 452,004 | (1,664 | ) | 497,532 | |||||||||||||||||
Impairment and restructuring charges | — | — | 77,000 | 47,607 | — | 124,607 | ||||||||||||||||||
Management fee and other | — | — | (28,699 | ) | 38,309 | (9,610 | ) | — | ||||||||||||||||
Depreciation and amortization | — | — | 10,397 | 172,425 | — | 182,822 | ||||||||||||||||||
791 | — | 105,099 | 1,315,739 | (11,274 | ) | 1,410,355 | ||||||||||||||||||
Operating (loss) income | (791 | ) | — | (104,331 | ) | 15,100 | 10,506 | (79,516 | ) | |||||||||||||||
Other income (expense) | ||||||||||||||||||||||||
Interest expense, net | (140 | ) | (59,316 | ) | (410 | ) | (49,796 | ) | — | (109,662 | ) | |||||||||||||
Intercompany interest expense | (57,896 | ) | — | (12 | ) | (13,448 | ) | 71,356 | — | |||||||||||||||
Interest income | 309 | — | 4 | 6,192 | — | 6,505 | ||||||||||||||||||
Intercompany interest income | 1,118 | 70,203 | 35 | — | (71,356 | ) | — | |||||||||||||||||
Foreign currency transaction gains, net | — | — | — | 23,225 | — | 23,225 | ||||||||||||||||||
Equity in loss of affiliates | (161,046 | ) | (48,737 | ) | (47,447 | ) | — | 257,230 | — | |||||||||||||||
Other income (expense), net | 10,506 | — | (2 | ) | (4,752 | ) | (10,506 | ) | (4,754 | ) | ||||||||||||||
(207,149 | ) | (37,850 | ) | (47,832 | ) | (38,579 | ) | 246,724 | (84,686 | ) | ||||||||||||||
Loss from continuing operations before income tax benefit (provision) | (207,940 | ) | (37,850 | ) | (152,163 | ) | (23,479 | ) | 257,230 | (164,202 | ) | |||||||||||||
Income tax benefit (provision) | 436 | (3,395 | ) | (2,605 | ) | (2,284 | ) | (13,770 | ) | (21,618 | ) | |||||||||||||
Net loss from continuing operations | (207,504 | ) | (41,245 | ) | (154,768 | ) | (25,763 | ) | 243,460 | (185,820 | ) | |||||||||||||
Loss from discontinued operations, net of income taxes | — | — | — | (21,684 | ) | — | (21,684 | ) | ||||||||||||||||
Net loss | $ | (207,504 | ) | $ | (41,245 | ) | $ | (154,768 | ) | $ | (47,447 | ) | $ | 243,460 | $ | (207,504 | ) | |||||||
Comprehensive (loss) income, net of income taxes | ||||||||||||||||||||||||
Foreign currency translation | $ | 77,453 | $ | 77,640 | $ | 77,640 | $ | 77,640 | $ | (232,920 | ) | $ | 77,453 | |||||||||||
adjustment | ||||||||||||||||||||||||
Other | (1,925 | ) | (1,925 | ) | (1,925 | ) | (1,925 | ) | 5,775 | (1,925 | ) | |||||||||||||
Other comprehensive income | 75,528 | 75,715 | 75,715 | 75,715 | (227,145 | ) | 75,528 | |||||||||||||||||
Net loss | (207,504 | ) | (41,245 | ) | (154,768 | ) | (47,447 | ) | 243,460 | (207,504 | ) | |||||||||||||
Total comprehensive (loss) income | $ | (131,976 | ) | $ | 34,470 | $ | (79,053 | ) | $ | 28,268 | $ | 16,315 | $ | (131,976 | ) | |||||||||
Condensed Consolidating Statement Of Cash Flows | ' | |||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | ||||||||||||||||||||||||
For the Three Months Ended March 31, 2014 | ||||||||||||||||||||||||
NII Holdings, | NII Capital | Guarantor | Non- | Consolidating | Consolidated | |||||||||||||||||||
Inc. (Parent) | Corp. (Issuer) | Subsidiaries | Guarantor | Adjustments | ||||||||||||||||||||
Subsidiaries | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Cash flows from operating activities: | ||||||||||||||||||||||||
Net loss | $ | (376,079 | ) | $ | (292,794 | ) | $ | (333,774 | ) | $ | (297,709 | ) | $ | 924,277 | $ | (376,079 | ) | |||||||
Adjustments to reconcile net loss to net cash (used in) provided by operating activities | 336,162 | 293,000 | 286,773 | (101,159 | ) | (924,277 | ) | (109,501 | ) | |||||||||||||||
Total operating cash (used in) provided by continuing operations | (39,917 | ) | 206 | (47,001 | ) | (398,868 | ) | — | (485,580 | ) | ||||||||||||||
Total operating cash provided by discontinued operations | — | — | — | 21 | — | 21 | ||||||||||||||||||
Net cash (used in) provided by operating activities | (39,917 | ) | 206 | (47,001 | ) | (398,847 | ) | — | (485,559 | ) | ||||||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||
Capital expenditures | — | — | (1,700 | ) | (180,627 | ) | — | (182,327 | ) | |||||||||||||||
Purchases of long-term and short- | — | — | — | (203,232 | ) | — | (203,232 | ) | ||||||||||||||||
term investments | ||||||||||||||||||||||||
Proceeds from sales of long-term | — | — | — | 510,117 | — | 510,117 | ||||||||||||||||||
and short-term investments | ||||||||||||||||||||||||
Investments in subsidiaries | (58,566 | ) | (216 | ) | — | — | 58,782 | — | ||||||||||||||||
Payments for purchases of licenses and other | — | — | — | (34,119 | ) | — | (34,119 | ) | ||||||||||||||||
Total investing cash (used in) provided by continuing operations | (58,566 | ) | (216 | ) | (1,700 | ) | 92,139 | 58,782 | 90,439 | |||||||||||||||
Total investing cash used in discontinued operations | — | — | — | (30 | ) | — | (30 | ) | ||||||||||||||||
Net cash (used in) provided by investing activities | (58,566 | ) | (216 | ) | (1,700 | ) | 92,109 | 58,782 | 90,409 | |||||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||||||
Borrowings under equipment financing facilities and other | — | — | — | 14,691 | — | 14,691 | ||||||||||||||||||
Repayments under bank loans, equipment financing and other | (2 | ) | — | (463 | ) | (18,866 | ) | — | (19,331 | ) | ||||||||||||||
Capital contributions | — | 10 | 58,466 | 306 | (58,782 | ) | — | |||||||||||||||||
Net cash flows (used in) provided by financing activities | (2 | ) | 10 | 58,003 | (3,869 | ) | (58,782 | ) | (4,640 | ) | ||||||||||||||
Effect of exchange rate changes | — | — | — | (34,224 | ) | — | (34,224 | ) | ||||||||||||||||
on cash and cash equivalents | ||||||||||||||||||||||||
Net (decrease) increase in cash and | (98,485 | ) | — | 9,302 | (344,831 | ) | — | (434,014 | ) | |||||||||||||||
cash equivalents | ||||||||||||||||||||||||
Cash and cash equivalents, | 356,314 | — | 5,586 | 1,371,883 | — | 1,733,783 | ||||||||||||||||||
beginning of period | ||||||||||||||||||||||||
Cash and cash equivalents, end of | $ | 257,829 | $ | — | $ | 14,888 | $ | 1,027,052 | $ | — | $ | 1,299,769 | ||||||||||||
period | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | ||||||||||||||||||||||||
For the Three Months Ended March 31, 2013 | ||||||||||||||||||||||||
NII Holdings, | NII Capital | Guarantor | Non- | Consolidating | Consolidated | |||||||||||||||||||
Inc. (Parent) | Corp. (Issuer) | Subsidiaries | Guarantor | Adjustments | ||||||||||||||||||||
Subsidiaries | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Cash flows from operating activities: | ||||||||||||||||||||||||
Net loss | $ | (207,504 | ) | $ | (41,245 | ) | $ | (154,768 | ) | $ | (47,447 | ) | $ | 243,460 | $ | (207,504 | ) | |||||||
Adjustments to reconcile net loss to net cash (used in) provided by operating activities | 167,521 | 42,118 | 126,563 | (14,223 | ) | (243,060 | ) | 78,919 | ||||||||||||||||
Total operating cash (used in) provided by continuing operations | (39,983 | ) | 873 | (28,205 | ) | (61,670 | ) | 400 | (128,585 | ) | ||||||||||||||
Total operating cash used in discontinued operations | — | — | — | (14,045 | ) | — | (14,045 | ) | ||||||||||||||||
Net cash (used in) provided by operating activities | (39,983 | ) | 873 | (28,205 | ) | (75,715 | ) | 400 | (142,630 | ) | ||||||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||
Capital expenditures | — | — | (8,305 | ) | (233,083 | ) | (400 | ) | (241,788 | ) | ||||||||||||||
Purchases of long-term and short- | — | — | — | (176,309 | ) | — | (176,309 | ) | ||||||||||||||||
term investments | ||||||||||||||||||||||||
Proceeds from sales of short-term | — | — | — | 342,819 | — | 342,819 | ||||||||||||||||||
investments | ||||||||||||||||||||||||
Investments in subsidiaries | (38,484 | ) | (873 | ) | — | — | 39,357 | — | ||||||||||||||||
Payment for purchases of licenses and other | — | — | — | (19,114 | ) | — | (19,114 | ) | ||||||||||||||||
Total investing cash used in continuing operations | (38,484 | ) | (873 | ) | (8,305 | ) | (85,687 | ) | 38,957 | (94,392 | ) | |||||||||||||
Total investing cash used in discontinued operations | — | — | — | (27,060 | ) | — | (27,060 | ) | ||||||||||||||||
Net cash used in investing | (38,484 | ) | (873 | ) | (8,305 | ) | (112,747 | ) | 38,957 | (121,452 | ) | |||||||||||||
activities | ||||||||||||||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||||||
Borrowings under equipment financing facilities | — | — | — | 41,780 | — | 41,780 | ||||||||||||||||||
Proceeds from issuance of senior notes | — | — | — | 750,000 | — | 750,000 | ||||||||||||||||||
Repayments under bank loans, equipment financing and other | — | — | (4,087 | ) | (24,070 | ) | — | (28,157 | ) | |||||||||||||||
Capital contributions | — | — | 38,484 | 873 | (39,357 | ) | — | |||||||||||||||||
Total financing cash provided by continuing operations | — | — | 34,397 | 768,583 | (39,357 | ) | 763,623 | |||||||||||||||||
Total financing cash used in discontinued operations | — | — | — | (779 | ) | — | (779 | ) | ||||||||||||||||
Net cash provided by financing activities | — | — | 34,397 | 767,804 | (39,357 | ) | 762,844 | |||||||||||||||||
Effect of exchange rate changes | — | — | — | 2,198 | — | 2,198 | ||||||||||||||||||
on cash and cash equivalents | ||||||||||||||||||||||||
Change in cash and cash equivalents held for sale | — | — | — | 3,965 | — | 3,965 | ||||||||||||||||||
Net (decrease) increase in cash and cash equivalents | (78,467 | ) | — | (2,113 | ) | 585,505 | — | 504,925 | ||||||||||||||||
Cash and cash equivalents, | 735,022 | — | 6,469 | 629,682 | — | 1,371,173 | ||||||||||||||||||
beginning of period | ||||||||||||||||||||||||
Cash and cash equivalents, end of | $ | 656,555 | $ | — | $ | 4,356 | $ | 1,215,187 | $ | — | $ | 1,876,098 | ||||||||||||
period | ||||||||||||||||||||||||
Basis_of_Presentation_Narrativ
Basis of Presentation (Narrative) (USD $) | 3 Months Ended | ||
Share data in Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 |
Operating income | ($239,080,000) | ($79,516,000) | ' |
Non cash financing primarily related to the short-term financing | 0 | 24,100,000 | ' |
Revenue-based taxes and other excise taxes | 31,100,000 | 48,400,000 | ' |
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest | -371,060,000 | -164,202,000 | ' |
Net income | -376,079,000 | -207,504,000 | ' |
Retained earnings | ($569,045,000) | ' | ($192,966,000) |
Stock Options [Member] | ' | ' | ' |
Antidilutive stock options | 47.4 | 12.4 | ' |
Restricted Stock [Member] | ' | ' | ' |
Antidilutive stock options | 33.6 | 27.7 | ' |
Basis_or_Presentation_Suppleme
Basis or Presentation (Supplemental Cash Flow Information) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Summary of Operations and Significant Accounting Policies [Abstract] | ' | ' |
Cash paid for capital expenditures, including capitalized interest | $182,327 | $241,788 |
Change in capital expenditures accrued and unpaid or financed, including accreted interest capitalized | -64,513 | -89,057 |
Capital expenditures | 117,814 | 152,731 |
Interest expense, net | 140,212 | 109,662 |
Interest capitalized | 12,722 | 23,620 |
Interest expense including capitalized interest | $152,934 | $133,282 |
Basis_of_Presentation_Reconcil
Basis of Presentation (Reconciliation used to Calculate Basic and Diluted Net Income Per Common Share) (USD $) | 3 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Summary of Operations and Significant Accounting Policies [Abstract] | ' | ' |
Net income, value | ($376,079) | ($207,504) |
Net income, per share amount | ($2.19) | ($1.21) |
Basis_of_Presentation_Basis_of
Basis of Presentation Basis of Presentation (Schedule of Accumulated Other Comprehensive Loss) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Summary of Operations and Significant Accounting Policies [Abstract] | ' | ' |
Cumulative foreign currency translation adjustment | ($942,852) | ($951,271) |
Other | -5,375 | -4,806 |
Total accumulated other comprehensive loss | ($948,227) | ($956,077) |
Business_Update_and_Going_Conc1
Business Update and Going Concern (Details) (USD $) | Mar. 31, 2014 |
Going Concern [Abstract] | ' |
Amount Potentially Subject To Default | $1,158,400,000 |
Senior Notes | $4,400,000,000 |
Discontinued_Operations_Detail
Discontinued Operations (Details) (Nextel Peru [Member], USD $) | 3 Months Ended | ||
Mar. 31, 2014 | Mar. 31, 2013 | Aug. 31, 2013 | |
Nextel Peru [Member] | ' | ' | ' |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | ' | ' |
Disposal Group, Including Discontinued Operation, Consideration | ' | ' | $405,500,000 |
Disposal Group, Including Discontinued Operation, Revenue | 0 | 82,557,000 | ' |
Disposal Group, Including Discontinued Operation, Operating Expense | 0 | -105,093,000 | ' |
Disposal Group, Including Discontinued Operation, Other Income (Expense) | 0 | 114,000 | ' |
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax | 0 | -22,422,000 | ' |
Discontinued Operation, Tax Effect of Discontinued Operation | 0 | 738,000 | ' |
Discontinued Operation, Income (Loss) From Discontinued Operation, Before Gain (Loss) On Disposal Of Discontinued Operation, Net Of Tax | 0 | -21,684,000 | ' |
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | 21,000 | 0 | ' |
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | 21,000 | -21,684,000 | ' |
Disposal Group, Including Discontinued Operation, Consideration, Escrow Deposit | ' | ' | 50,000,000 |
Release Of Consideration | $7,500,000 | ' | ' |
Impairment_and_Restructuring_C2
Impairment and Restructuring Charges Table (Details) (USD $) | 3 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | |
Impairment of Long-Lived Assets [Line Items] | ' | ' |
Asset Impairment Charges | ' | $85,300,000 |
Restructuring, Settlement and Impairment Provisions | -2,527,000 | 124,607,000 |
Corporate [Member] | ' | ' |
Impairment of Long-Lived Assets [Line Items] | ' | ' |
Asset Impairment Charges | ' | 42,800,000 |
Restructuring, Settlement and Impairment Provisions | -1,965,000 | 43,500,000 |
BRAZIL | ' | ' |
Impairment of Long-Lived Assets [Line Items] | ' | ' |
Restructuring, Settlement and Impairment Provisions | 0 | 23,814,000 |
CHILE | ' | ' |
Impairment of Long-Lived Assets [Line Items] | ' | ' |
Asset Impairment Charges | ' | 33,500,000 |
Restructuring, Settlement and Impairment Provisions | 0 | 33,921,000 |
MEXICO | ' | ' |
Impairment of Long-Lived Assets [Line Items] | ' | ' |
Asset Impairment Charges | ' | 9,000,000 |
Restructuring, Settlement and Impairment Provisions | -562,000 | 19,655,000 |
ARGENTINA | ' | ' |
Impairment of Long-Lived Assets [Line Items] | ' | ' |
Restructuring, Settlement and Impairment Provisions | 0 | 3,717,000 |
Contractual Rights [Member] | ' | ' |
Impairment of Long-Lived Assets [Line Items] | ' | ' |
Asset Impairment Charges | ' | $38,600,000 |
Balance_Sheet_Details_Details
Balance Sheet Details (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
Prepaid Expenses and Other | ' | ' |
Prepaid value-added taxes | $230,375,000 | $237,119,000 |
Prepaid Spectrum Fees | 101,164,000 | 1,109,000 |
Prepaid income taxes | 61,215,000 | 59,054,000 |
Other prepaid assets | 115,327,000 | 96,312,000 |
Other current assets | 54,333,000 | 42,506,000 |
Prepaid expenses and other | 562,414,000 | 436,100,000 |
Property, Plant and Equipment | ' | ' |
Land | 9,707,000 | 9,652,000 |
Building and leasehold improvements | 193,438,000 | 193,376,000 |
Digital mobile network equipment, communication towers and network software | 4,981,008,000 | 4,829,134,000 |
Office equipment, furniture and fixtures and other | 806,329,000 | 785,242,000 |
Corporate aircraft capital lease | 43,374,000 | 42,747,000 |
Less: Accumulated depreciation and amortization | -3,146,058,000 | -2,995,667,000 |
Property, plant and equipment, Gross | 2,887,798,000 | 2,864,484,000 |
Construction in progress | 507,231,000 | 523,576,000 |
Property, plant and equipment, net | 3,395,029,000 | 3,388,060,000 |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Indefinite-lived intangible assets | 18,000,000 | ' |
Accrued Expenses and Other | ' | ' |
Capital expenditures | 226,283,000 | 290,484,000 |
Non-income based taxes | 95,710,000 | 114,360,000 |
Network system and information technology | 91,572,000 | 92,109,000 |
Payroll related items and commissions | 93,232,000 | 92,852,000 |
Accrued interest | 115,671,000 | 128,509,000 |
Other | 234,709,000 | 254,220,000 |
Accrued expenses and other | 857,177,000 | 972,534,000 |
Licensing Agreements [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Finite-Lived Intangible Assets, Gross | 1,259,950,000 | 1,220,990,000 |
Finite-Lived Intangible Assets, Accumulated Amortization | -264,826,000 | -245,321,000 |
Finite-Lived Intangible Assets, Net Carrying Value | $995,124,000 | $975,669,000 |
Debt_Narrative_Details
Debt (Narrative) (Details) (USD $) | Mar. 31, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2009 | Mar. 31, 2014 | Dec. 31, 2011 | Mar. 31, 2014 | Aug. 31, 2009 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 |
NII Capital Corp [Member] | NII Capital Corp [Member] | NII International Telecom [Member] | NII International Telecom [Member] | Eight Point Eight Seven Five Percent Senior Notes Due Two Zero One Nine [Member] | Eight Point Eight Seven Five Percent Senior Notes Due Two Zero One Nine [Member] | Eight Point Eight Seven Five Percent Senior Notes Due Two Zero One Nine [Member] | Eleven Point Three Seven Five Percent Senior Notes Due Two Zero One Nine [Domain] | 10.0% Senior Notes Due 2016 [Member] | 7.625% Senior Notes Due 2021 [Member] | 7.625% Senior Notes Due 2021 [Member] | Brazil [Member] | Brazil [Member] | ||
Equipment Financing | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $366,937,000 | $352,725,000 |
Senior Notes | 4,400,000,000 | 2,730,388,000 | 2,729,321,000 | 1,609,626,000 | 1,609,962,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notes interest rate | ' | ' | ' | ' | ' | ' | 8.88% | 8.88% | 11.38% | 10.00% | 7.63% | ' | ' | ' |
Interest Penalty | ' | ' | ' | ' | ' | ' | ' | ' | 0.25% | ' | ' | ' | ' | ' |
Maximum Interest Penalty, Per Year | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% | ' | ' | ' | ' | ' |
Maturity Date | ' | ' | ' | ' | ' | 'December 15, 2019 | ' | ' | ' | 'August 15, 2016 | ' | ' | ' | ' |
Principal amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,450,000,000 | ' | ' |
Debt_Debt_Details
Debt (Debt) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | |||
Debt Instrument [Line Items] | ' | ' | ' |
Total debt, excluding current portion | $5,749,290 | $5,696,632 | ' |
Less: current portion | -103,535 | -96,839 | ' |
Total debt | 5,852,825 | 5,793,471 | ' |
Other Long-term Debt | 2,062 | 3,901 | ' |
Loans Payable to Bank | 446,195 | ' | 444,268 |
Corporate Aircraft Capital Lease | 35,273 | 35,736 | ' |
Senior notes, net | 4,400,000 | ' | ' |
Brazil [Member] | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Capital Lease And Tower Financing Obligations | 125,326 | 122,499 | ' |
Equipment Financing | 366,937 | 352,725 | ' |
Mexico [Member] | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Capital Lease And Tower Financing Obligations | 190,954 | 194,227 | ' |
Equipment Financing | $346,064 | $300,832 | ' |
Debt_Debt_and_Equity_Component
Debt (Debt and Equity Components Recognized for Convertible Notes) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Principal amount of convertible notes | $5,501,272 | $5,441,009 |
Fair_Value_Measurements_Fair_V
Fair Value Measurements (Fair Value on Recurring Basis) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Available Number Of Funds | ' | 2 |
Short-term Investments [Member] | Nextel Brazil [Member] | ' | ' |
Available-for-sale Securities | $126.20 | $418.60 |
Fair_Value_Measurements_Carryi
Fair Value Measurements (Carrying Amounts and Estimated Fair Values of Long-Term Debt Instrument) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Carrying amount | $5,501,272 | $5,441,009 |
Long-term estimated fair value | 3,083,414 | 3,493,289 |
Bank Loans and Other [Member] | ' | ' |
Carrying amount | 1,609,626 | 1,609,962 |
Long-term estimated fair value | 1,110,380 | 1,271,370 |
General Financing [Member] | ' | ' |
Carrying amount | 448,257 | 448,169 |
Long-term estimated fair value | 351,695 | 373,796 |
Equipment Financing [Member] | ' | ' |
Carrying amount | 713,001 | 653,557 |
Long-term estimated fair value | 650,214 | 620,173 |
Senior Notes [Member] | ' | ' |
Carrying amount | 2,730,388 | 2,729,321 |
Long-term estimated fair value | $971,125 | $1,227,950 |
Commitments_and_Contingencies_
Commitments and Contingencies (Narrative) (Details) (Nextel Brazil [Member], USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Nextel Brazil [Member] | ' | ' |
Accrued Liabilities | $73.90 | $70.90 |
Unasserted Claims | 10.7 | 11.2 |
Estimated Range Of Possible Of Accrued Liabilities Loss Minimum | 435.4 | ' |
Estimated Range Of Possible Of Accrued Liabilities Loss Maximum | $439.40 | ' |
Income_Taxes_Narrative_Details
Income Taxes (Narrative) (Details) (USD $) | 3 Months Ended | ||
Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | |
Income Tax Disclosure [Abstract] | ' | ' | ' |
Valuation Allowance, Deferred Tax Asset, Change in Amount | $121,600,000 | ' | ' |
Deferred Tax Assets, Valuation Allowance | 4,600,000,000 | ' | 4,500,000,000 |
Deferred income tax benefit | -419,000 | -5,370,000 | ' |
Income tax provision | -5,040,000 | -21,618,000 | ' |
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest | -371,060,000 | -164,202,000 | ' |
Income Tax Provision | 5,000,000 | 21,600,000 | ' |
Change in Income Tax Provision | ' | $16,600,000 | ' |
Segment_Reporting_Segment_Repo
Segment Reporting (Segment Reporting Information) (Details) (USD $) | 3 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 |
Operating revenues | $970,214 | $1,330,839 | ' |
Segment earnings (losses) | -83,931 | 227,913 | ' |
Restructuring, Settlement and Impairment Provisions | 2,527 | -124,607 | ' |
Less: | ' | ' | ' |
Depreciation and amortization | -157,676 | -182,822 | ' |
Foreign currency transaction (losses) gains, net | -7,186 | 23,225 | ' |
Segment Reporting, Interest Expense and Other, Net | -124,794 | -107,911 | ' |
Income before income tax provision | -371,060 | -164,202 | ' |
Capital expenditures | 117,814 | 152,731 | ' |
Identifiable assets | 8,189,665 | ' | 8,679,954 |
Brazil [Member] | ' | ' | ' |
Operating revenues | 461,224 | 635,872 | ' |
Segment earnings (losses) | -29,145 | 157,643 | ' |
Less: | ' | ' | ' |
Capital expenditures | 67,688 | 92,908 | ' |
Identifiable assets | 3,625,452 | ' | 3,705,642 |
Mexico [Member] | ' | ' | ' |
Operating revenues | 381,844 | 514,014 | ' |
Segment earnings (losses) | -12,540 | 101,229 | ' |
Less: | ' | ' | ' |
Capital expenditures | 38,522 | 52,465 | ' |
Identifiable assets | 2,564,613 | ' | 2,695,091 |
Argentina [Member] | ' | ' | ' |
Operating revenues | 112,680 | 167,024 | ' |
Segment earnings (losses) | 26,978 | 52,341 | ' |
Less: | ' | ' | ' |
Capital expenditures | 5,252 | 1,493 | ' |
Identifiable assets | 386,760 | ' | 451,041 |
Chile [Member] | ' | ' | ' |
Operating revenues | 14,432 | 25,264 | ' |
Segment earnings (losses) | -24,749 | -34,495 | ' |
Less: | ' | ' | ' |
Capital expenditures | 602 | 3,113 | ' |
Identifiable assets | 156,730 | ' | 169,062 |
Corporate and Other [Member] | ' | ' | ' |
Operating revenues | 34 | -11,335 | ' |
Segment earnings (losses) | -44,475 | -48,805 | ' |
Less: | ' | ' | ' |
Capital expenditures | 5,750 | 2,752 | ' |
Identifiable assets | $1,456,110 | ' | $1,659,118 |
Condensed_Consolidating_Financ2
Condensed Consolidating Financial Statements (Narrative) (Details) (USD $) | 3 Months Ended | 1 Months Ended | 3 Months Ended | |||||||||||||
Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2011 | Aug. 31, 2009 | Dec. 31, 2009 | Mar. 31, 2014 | Dec. 31, 2011 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2012 | |
7.625% Senior Notes Due 2021 [Member] | 7.625% Senior Notes Due 2021 [Member] | 10.0% and 8.875% Senior Notes Due 2016 and 2019 [Member] | 10.0% Senior Notes Due 2016 [Member] | Eight Point Eight Seven Five Percent Senior Notes Due Two Zero One Nine [Member] | Eight Point Eight Seven Five Percent Senior Notes Due Two Zero One Nine [Member] | Eight Point Eight Seven Five Percent Senior Notes Due Two Zero One Nine [Member] | Eleven Point Three Seven Five Percent Senior Notes Due Two Zero One Nine [Domain] | NII Holdings Inc. (Parent) [Member] | NII Holdings Inc. (Parent) [Member] | NII Holdings Inc. (Parent) [Member] | Guarantor Subsidiaries [Member] | Guarantor Subsidiaries [Member] | Guarantor Subsidiaries [Member] | |||
Restatement Adjustment [Member] | Restatement Adjustment [Member] | |||||||||||||||
Principal amount | ' | ' | ' | $1,450,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notes interest rate | ' | ' | 7.63% | ' | ' | 10.00% | ' | 8.88% | 8.88% | 11.38% | ' | ' | ' | ' | ' | ' |
Senior Notes | 4,400,000,000 | ' | ' | ' | 1,300,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maturity Date | ' | ' | ' | ' | ' | 'August 15, 2016 | 'December 15, 2019 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other (expense) income, net | -4,690,000 | -4,754,000 | ' | ' | ' | ' | ' | ' | ' | ' | 2,928,000 | 10,506,000 | ' | 0 | -2,000 | ' |
Net cash used in investing activities | 90,409,000 | -121,452,000 | ' | ' | ' | ' | ' | ' | ' | ' | -58,566,000 | -38,484,000 | 14,100,000 | -1,700,000 | -8,305,000 | ' |
Net cash provided by operating activities | ($485,559,000) | ($142,630,000) | ' | ' | ' | ' | ' | ' | ' | ' | ($39,917,000) | ($39,983,000) | ' | ($47,001,000) | ($28,205,000) | $14,500,000 |
Condensed_Consolidating_Financ3
Condensed Consolidating Financial Statements (Condensed Consolidating Balance Sheet) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||
In Thousands, unless otherwise specified | |||||||
Cash and cash equivalents | $1,299,769 | $1,733,783 | $1,876,098 | $1,371,173 | $1,371,173 | ||
Short-term investments | 305,208 | 585,760 | ' | ' | ' | ||
Accounts receivable, net | 501,450 | 522,563 | ' | ' | ' | ||
Short-term Intercompany Receviables | 0 | 0 | ' | ' | ' | ||
Handset and accessory inventory | 411,058 | 342,585 | ' | ' | ' | ||
Deferred income taxes, net | 110,633 | 127,395 | ' | ' | ' | ||
Prepaid expenses and other | 562,414 | 436,100 | ' | ' | ' | ||
Total current assets | 3,190,532 | 3,748,186 | ' | ' | ' | ||
Property, plant and equipment, net | 3,395,029 | 3,388,060 | ' | ' | ' | ||
Investments in and advances to affiliates | 0 | 0 | ' | ' | ' | ||
Intangible assets, net | 1,013,124 | 993,669 | ' | ' | ' | ||
Deferred income taxes, net | 28,178 | 26,713 | ' | ' | ' | ||
Long-term Intercompany Receivables | 0 | 0 | ' | ' | ' | ||
Other assets | 562,802 | 523,326 | ' | ' | ' | ||
Total assets | 8,189,665 | 8,679,954 | ' | ' | ' | ||
Accounts payable | 316,112 | 369,056 | ' | ' | ' | ||
Short-term Intercompany Payables | 0 | 0 | ' | ' | ' | ||
Accrued expenses and other | 857,177 | 972,534 | ' | ' | ' | ||
Deferred revenues | 119,004 | 128,148 | ' | ' | ' | ||
Current portion of long-term debt | 103,535 | 96,839 | ' | ' | ' | ||
Deposit Liability, Current | 715,782 | 720,013 | ' | ' | ' | ||
Total current liabilities | 2,111,610 | 2,286,590 | ' | ' | ' | ||
Long-term debt | 5,749,290 | 5,696,632 | ' | ' | ' | ||
Deferred revenues | 10,558 | 11,238 | ' | ' | ' | ||
Deferred credits | 97,308 | 108,991 | ' | ' | ' | ||
Long-term Intercompany Payables | 0 | 0 | ' | ' | ' | ||
Other long-term liabilities | 229,664 | 221,116 | ' | ' | ' | ||
Total liabilities | 8,198,430 | 8,324,567 | ' | ' | ' | ||
Total stockholders' equity | -8,765 | 355,387 | ' | ' | ' | ||
Total liabilities and stockholders' equity | 8,189,665 | 8,679,954 | ' | ' | ' | ||
NII Holdings Inc. (Parent) [Member] | ' | ' | ' | ' | ' | ||
Cash and cash equivalents | 257,829 | 356,314 | 656,555 | ' | 735,022 | ||
Short-term investments | 0 | 0 | ' | ' | ' | ||
Accounts receivable, net | 0 | 0 | ' | ' | ' | ||
Short-term Intercompany Receviables | 34,196 | 31,803 | ' | ' | ' | ||
Handset and accessory inventory | 0 | 0 | ' | ' | ' | ||
Deferred income taxes, net | 0 | 0 | ' | ' | ' | ||
Prepaid expenses and other | 6,152 | 6,832 | ' | ' | ' | ||
Total current assets | 298,177 | 394,949 | ' | ' | ' | ||
Property, plant and equipment, net | 0 | 0 | ' | ' | ' | ||
Investments in and advances to affiliates | 1,636,058 | 1,867,753 | ' | ' | ' | ||
Intangible assets, net | 18,000 | 18,000 | ' | ' | ' | ||
Deferred income taxes, net | 15,821 | 16,025 | ' | ' | ' | ||
Long-term Intercompany Receivables | 1,458,283 | 1,474,658 | ' | ' | ' | ||
Other assets | 29,020 | 29,381 | ' | ' | ' | ||
Total assets | 3,455,359 | 3,800,766 | ' | ' | ' | ||
Accounts payable | 0 | 0 | ' | ' | ' | ||
Short-term Intercompany Payables | 465,567 | 464,798 | ' | ' | ' | ||
Accrued expenses and other | 0 | 0 | ' | ' | ' | ||
Deferred revenues | 0 | 0 | ' | ' | ' | ||
Current portion of long-term debt | 0 | 0 | ' | ' | ' | ||
Deposit Liability, Current | 0 | 0 | ' | ' | ' | ||
Total current liabilities | 465,567 | 464,798 | ' | ' | ' | ||
Long-term debt | 23 | 23 | ' | ' | ' | ||
Deferred revenues | 0 | 0 | ' | ' | ' | ||
Deferred credits | 1 | 3 | ' | ' | ' | ||
Long-term Intercompany Payables | 2,968,122 | 2,950,226 | ' | ' | ' | ||
Other long-term liabilities | 30,411 | 30,329 | ' | ' | ' | ||
Total liabilities | 3,464,124 | 3,445,379 | ' | ' | ' | ||
Total stockholders' equity | -8,765 | ' | ' | ' | ' | ||
Total liabilities and stockholders' equity | 3,455,359 | 3,800,766 | ' | ' | ' | ||
NII Capital Corp. (Issuer) [Member] | ' | ' | ' | ' | ' | ||
Cash and cash equivalents | 0 | [1] | 0 | [1] | 0 | ' | 0 |
Short-term investments | 0 | [1] | 0 | [1] | ' | ' | ' |
Accounts receivable, net | 0 | [1] | 0 | [1] | ' | ' | ' |
Short-term Intercompany Receviables | 92,206 | [1] | 129,810 | [1] | ' | ' | ' |
Handset and accessory inventory | 0 | [1] | 0 | [1] | ' | ' | ' |
Deferred income taxes, net | 0 | [1] | 0 | [1] | ' | ' | ' |
Prepaid expenses and other | 0 | [1] | 0 | [1] | ' | ' | ' |
Total current assets | 92,206 | [1] | 129,810 | [1] | ' | ' | ' |
Property, plant and equipment, net | 0 | [1] | 0 | [1] | ' | ' | ' |
Investments in and advances to affiliates | 1,217,111 | [1] | 1,503,202 | [1] | ' | ' | ' |
Intangible assets, net | 0 | [1] | 0 | [1] | ' | ' | ' |
Deferred income taxes, net | 0 | [1] | 0 | [1] | ' | ' | ' |
Long-term Intercompany Receivables | 3,782,566 | [1] | 3,714,760 | [1] | ' | ' | ' |
Other assets | 30,963 | [1] | 32,556 | [1] | ' | ' | ' |
Total assets | 5,122,846 | [1] | 5,380,328 | [1] | ' | ' | ' |
Accounts payable | 0 | [1] | 0 | [1] | ' | ' | ' |
Short-term Intercompany Payables | 119,098 | [1] | 132,007 | [1] | ' | ' | ' |
Accrued expenses and other | 78,224 | [1] | 59,490 | [1] | ' | ' | ' |
Deferred revenues | 0 | [1] | 0 | [1] | ' | ' | ' |
Current portion of long-term debt | 0 | [1] | 0 | [1] | ' | ' | ' |
Deposit Liability, Current | 0 | [1] | 0 | [1] | ' | ' | ' |
Total current liabilities | 197,322 | [1] | 191,497 | [1] | ' | ' | ' |
Long-term debt | 2,730,389 | [1] | 2,729,321 | [1] | ' | ' | ' |
Deferred revenues | 0 | [1] | 0 | [1] | ' | ' | ' |
Deferred credits | 2,950 | [1] | 2,950 | [1] | ' | ' | ' |
Long-term Intercompany Payables | 0 | [1] | 0 | [1] | ' | ' | ' |
Other long-term liabilities | 0 | [1] | 0 | [1] | ' | ' | ' |
Total liabilities | 2,930,661 | [1] | 2,923,768 | [1] | ' | ' | ' |
Total stockholders' equity | 2,192,185 | [1] | ' | ' | ' | ' | |
Total liabilities and stockholders' equity | 5,122,846 | [1] | 5,380,328 | [1] | ' | ' | ' |
Guarantor Subsidiaries [Member] | ' | ' | ' | ' | ' | ||
Cash and cash equivalents | 14,888 | [2] | 5,586 | [2] | 4,356 | ' | 6,469 |
Short-term investments | 0 | [2] | 0 | [2] | ' | ' | ' |
Accounts receivable, net | 431 | [2] | 627 | [2] | ' | ' | ' |
Short-term Intercompany Receviables | 86,053 | [2] | 72,595 | [2] | ' | ' | ' |
Handset and accessory inventory | 0 | [2] | 0 | [2] | ' | ' | ' |
Deferred income taxes, net | 1,107 | [2] | 1,145 | [2] | ' | ' | ' |
Prepaid expenses and other | 14,739 | [2] | 7,914 | [2] | ' | ' | ' |
Total current assets | 117,218 | [2] | 87,867 | [2] | ' | ' | ' |
Property, plant and equipment, net | 130,286 | [2] | 130,729 | [2] | ' | ' | ' |
Investments in and advances to affiliates | 1,271,936 | [2] | 1,562,080 | [2] | ' | ' | ' |
Intangible assets, net | 0 | [2] | 0 | [2] | ' | ' | ' |
Deferred income taxes, net | 0 | [2] | 0 | [2] | ' | ' | ' |
Long-term Intercompany Receivables | 707,192 | [2] | 701,680 | [2] | ' | ' | ' |
Other assets | 6,018 | [2] | 15,383 | [2] | ' | ' | ' |
Total assets | 2,232,650 | [2] | 2,497,739 | [2] | ' | ' | ' |
Accounts payable | 1,630 | [2] | 727 | [2] | ' | ' | ' |
Short-term Intercompany Payables | 1,483,031 | [2] | 1,485,835 | [2] | ' | ' | ' |
Accrued expenses and other | 16,885 | [2] | 26,089 | [2] | ' | ' | ' |
Deferred revenues | 0 | [2] | 0 | [2] | ' | ' | ' |
Current portion of long-term debt | 1,966 | [2] | 1,871 | [2] | ' | ' | ' |
Deposit Liability, Current | 0 | [2] | 0 | [2] | ' | ' | ' |
Total current liabilities | 1,503,512 | [2] | 1,514,522 | [2] | ' | ' | ' |
Long-term debt | 33,307 | [2] | 33,864 | [2] | ' | ' | ' |
Deferred revenues | 0 | [2] | 0 | [2] | ' | ' | ' |
Deferred credits | 15,259 | [2] | 15,384 | [2] | ' | ' | ' |
Long-term Intercompany Payables | 10,390 | [2] | 10,390 | [2] | ' | ' | ' |
Other long-term liabilities | 10,549 | [2] | 10,248 | [2] | ' | ' | ' |
Total liabilities | 1,573,017 | [2] | 1,584,408 | [2] | ' | ' | ' |
Total stockholders' equity | 659,633 | [2] | ' | ' | ' | ' | |
Total liabilities and stockholders' equity | 2,232,650 | [2] | 2,497,739 | [2] | ' | ' | ' |
Prior Group Of Non-Guarantor Subsidiaries [Member] | ' | ' | ' | ' | ' | ||
Deposit Liability, Current | 715,782 | 720,013 | ' | ' | ' | ||
Non-Guarantor Subsidiaries [Member] | ' | ' | ' | ' | ' | ||
Cash and cash equivalents | 1,027,052 | 1,371,883 | 1,215,187 | ' | 629,682 | ||
Short-term investments | 305,208 | 585,760 | ' | ' | ' | ||
Accounts receivable, net | 501,019 | 521,936 | ' | ' | ' | ||
Short-term Intercompany Receviables | 5,768 | 4,779 | ' | ' | ' | ||
Handset and accessory inventory | 411,058 | 342,585 | ' | ' | ' | ||
Deferred income taxes, net | 109,526 | 126,250 | ' | ' | ' | ||
Prepaid expenses and other | 541,523 | 421,354 | ' | ' | ' | ||
Total current assets | 2,901,154 | 3,374,547 | ' | ' | ' | ||
Property, plant and equipment, net | 3,264,743 | 3,257,618 | ' | ' | ' | ||
Investments in and advances to affiliates | 0 | 0 | ' | ' | ' | ||
Intangible assets, net | 995,124 | 975,669 | ' | ' | ' | ||
Deferred income taxes, net | 28,178 | 26,716 | ' | ' | ' | ||
Long-term Intercompany Receivables | 1,354 | 1,354 | ' | ' | ' | ||
Other assets | 496,801 | 446,006 | ' | ' | ' | ||
Total assets | 7,687,354 | 8,081,910 | ' | ' | ' | ||
Accounts payable | 314,482 | 368,329 | ' | ' | ' | ||
Short-term Intercompany Payables | 256,603 | 159,322 | ' | ' | ' | ||
Accrued expenses and other | 762,265 | 887,177 | ' | ' | ' | ||
Deferred revenues | 119,004 | 128,148 | ' | ' | ' | ||
Current portion of long-term debt | 101,569 | 94,968 | ' | ' | ' | ||
Total current liabilities | 2,269,705 | 2,357,957 | ' | ' | ' | ||
Long-term debt | 2,985,571 | 2,933,424 | ' | ' | ' | ||
Deferred revenues | 10,558 | 11,238 | ' | ' | ' | ||
Deferred credits | 94,919 | 106,682 | ' | ' | ' | ||
Long-term Intercompany Payables | 865,961 | 929,990 | ' | ' | ' | ||
Other long-term liabilities | 188,704 | 180,539 | ' | ' | ' | ||
Total liabilities | 6,415,418 | 6,519,830 | ' | ' | ' | ||
Total stockholders' equity | 1,271,936 | ' | ' | ' | ' | ||
Total liabilities and stockholders' equity | 7,687,354 | 8,081,910 | ' | ' | ' | ||
Consolidating Adjustments [Member] | ' | ' | ' | ' | ' | ||
Cash and cash equivalents | 0 | 0 | 0 | ' | 0 | ||
Short-term investments | 0 | 0 | ' | ' | ' | ||
Accounts receivable, net | 0 | 0 | ' | ' | ' | ||
Short-term Intercompany Receviables | -218,223 | -238,987 | ' | ' | ' | ||
Handset and accessory inventory | 0 | 0 | ' | ' | ' | ||
Deferred income taxes, net | 0 | 0 | ' | ' | ' | ||
Prepaid expenses and other | 0 | 0 | ' | ' | ' | ||
Total current assets | -218,223 | -238,987 | ' | ' | ' | ||
Property, plant and equipment, net | 0 | -287 | ' | ' | ' | ||
Investments in and advances to affiliates | -4,125,105 | -4,933,035 | ' | ' | ' | ||
Intangible assets, net | 0 | 0 | ' | ' | ' | ||
Deferred income taxes, net | -15,821 | -16,028 | ' | ' | ' | ||
Long-term Intercompany Receivables | -5,949,395 | -5,892,452 | ' | ' | ' | ||
Other assets | 0 | 0 | ' | ' | ' | ||
Total assets | -10,308,544 | -11,080,789 | ' | ' | ' | ||
Accounts payable | 0 | 0 | ' | ' | ' | ||
Short-term Intercompany Payables | -2,324,299 | -2,241,962 | ' | ' | ' | ||
Accrued expenses and other | -197 | -222 | ' | ' | ' | ||
Deferred revenues | 0 | 0 | ' | ' | ' | ||
Current portion of long-term debt | 0 | 0 | ' | ' | ' | ||
Deposit Liability, Current | 0 | 0 | ' | ' | ' | ||
Total current liabilities | -2,324,496 | -2,242,184 | ' | ' | ' | ||
Long-term debt | 0 | 0 | ' | ' | ' | ||
Deferred revenues | 0 | 0 | ' | ' | ' | ||
Deferred credits | -15,821 | -16,028 | ' | ' | ' | ||
Long-term Intercompany Payables | -3,844,473 | -3,890,606 | ' | ' | ' | ||
Other long-term liabilities | 0 | 0 | ' | ' | ' | ||
Total liabilities | -6,184,790 | -6,148,818 | ' | ' | ' | ||
Total stockholders' equity | -4,123,754 | ' | ' | ' | ' | ||
Total liabilities and stockholders' equity | ($10,308,544) | ($11,080,789) | ' | ' | ' | ||
[1] | NII Capital Corp. is the issuer of our 7.625% senior notes due 2021, our 10.0%B senior notes due 2016 and our 8.875%B 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%B senior notes due 2016 and our 8.875%B senior notes due 2019. |
Condensed_Consolidating_Financ4
Condensed Consolidating Financial Statements (Condensed Consolidating Statement of Operations) (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Operating revenues | $970,214 | $1,330,839 |
Operating expenses | ' | ' |
Cost of revenues (exclusive of depreciation and amortization included below) | 603,388 | 605,394 |
Selling, general and administrative | 450,757 | 497,532 |
Provision for Doubtful Accounts | 28,504 | 16,503 |
Restructuring, Settlement and Impairment Provisions | -2,527 | 124,607 |
Management fee, royalty fee and other | 0 | 0 |
Depreciation and amortization | 157,676 | 182,822 |
Total operating expenses | 1,209,294 | 1,410,355 |
Operating income | -239,080 | -79,516 |
Other income (expense) | ' | ' |
Interest expense, net | -140,212 | -109,662 |
Intercompany Interest Expense | 0 | 0 |
Interest income | 20,108 | 6,505 |
Intercompany Interest Income | 0 | 0 |
Foreign currency transaction (losses) gains, net | -7,186 | 23,225 |
Equity in income of affiliates | 0 | 0 |
Other (expense) income, net | -4,690 | -4,754 |
Total other expense | -131,980 | -84,686 |
(Loss) income before income tax benefit (provision) | -371,060 | -164,202 |
Income tax benefit (provision) | -5,040 | -21,618 |
Income (Loss) from Continuing Operations Attributable to Parent | -376,100 | -185,820 |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 21 | -21,684 |
Net income | -376,079 | -207,504 |
Foreign currency translation adjustment | 8,419 | 77,453 |
Other | -569 | -1,925 |
Other comprehensive income | 7,850 | 75,528 |
Total comprehensive income | -368,229 | -131,976 |
NII Holdings Inc. (Parent) [Member] | ' | ' |
Operating revenues | 0 | 0 |
Operating expenses | ' | ' |
Cost of revenues (exclusive of depreciation and amortization included below) | 0 | 0 |
Selling, general and administrative | 803 | 791 |
Restructuring, Settlement and Impairment Provisions | 0 | 0 |
Management fee, royalty fee and other | 0 | 0 |
Depreciation and amortization | 0 | 0 |
Total operating expenses | 803 | 791 |
Operating income | -803 | -791 |
Other income (expense) | ' | ' |
Interest expense, net | -141 | -140 |
Intercompany Interest Expense | -57,896 | -57,896 |
Interest income | 102 | 309 |
Intercompany Interest Income | 81 | 1,118 |
Foreign currency transaction (losses) gains, net | 0 | 0 |
Equity in income of affiliates | -327,550 | -161,046 |
Other (expense) income, net | 2,928 | 10,506 |
Total other expense | -382,476 | -207,149 |
(Loss) income before income tax benefit (provision) | -383,279 | -207,940 |
Income tax benefit (provision) | 7,200 | 436 |
Income (Loss) from Continuing Operations Attributable to Parent | -376,079 | -207,504 |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 0 | 0 |
Net income | -376,079 | -207,504 |
Foreign currency translation adjustment | 8,419 | 77,453 |
Other | -569 | -1,925 |
Other comprehensive income | 7,850 | 75,528 |
Total comprehensive income | -368,229 | -131,976 |
Guarantor Subsidiaries [Member] | ' | ' |
Operating revenues | 824 | 768 |
Operating expenses | ' | ' |
Cost of revenues (exclusive of depreciation and amortization included below) | 0 | 0 |
Selling, general and administrative | 43,623 | 46,401 |
Restructuring, Settlement and Impairment Provisions | -1,965 | 77,000 |
Management fee, royalty fee and other | -15,389 | -28,699 |
Depreciation and amortization | 6,027 | 10,397 |
Total operating expenses | 32,296 | 105,099 |
Operating income | -31,472 | -104,331 |
Other income (expense) | ' | ' |
Interest expense, net | -235 | -410 |
Intercompany Interest Expense | -17 | -12 |
Interest income | 3 | 4 |
Intercompany Interest Income | 206 | 35 |
Foreign currency transaction (losses) gains, net | 0 | 0 |
Equity in income of affiliates | -297,709 | -47,447 |
Other (expense) income, net | 0 | -2 |
Total other expense | -297,752 | -47,832 |
(Loss) income before income tax benefit (provision) | -329,224 | -152,163 |
Income tax benefit (provision) | -4,550 | -2,605 |
Income (Loss) from Continuing Operations Attributable to Parent | -333,774 | -154,768 |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 0 | 0 |
Net income | -333,774 | -154,768 |
Foreign currency translation adjustment | 8,159 | 77,640 |
Other | -569 | -1,925 |
Other comprehensive income | 7,590 | 75,715 |
Total comprehensive income | -326,184 | -79,053 |
Prior Group Of Non-Guarantor Subsidiaries [Member] | ' | ' |
Operating expenses | ' | ' |
Restructuring, Settlement and Impairment Provisions | ' | 47,607 |
Other income (expense) | ' | ' |
Income (Loss) from Continuing Operations Attributable to Parent | -297,730 | -25,763 |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 21 | -21,684 |
Non-Guarantor Subsidiaries [Member] | ' | ' |
Operating revenues | 970,158 | 1,330,839 |
Operating expenses | ' | ' |
Cost of revenues (exclusive of depreciation and amortization included below) | 603,388 | 605,394 |
Selling, general and administrative | 408,748 | 452,004 |
Restructuring, Settlement and Impairment Provisions | -562 | ' |
Management fee, royalty fee and other | 16,668 | 38,309 |
Depreciation and amortization | 151,649 | 172,425 |
Total operating expenses | 1,179,891 | 1,315,739 |
Operating income | -209,733 | 15,100 |
Other income (expense) | ' | ' |
Interest expense, net | -79,211 | -49,796 |
Intercompany Interest Expense | -12,578 | -13,448 |
Interest income | 20,003 | 6,192 |
Intercompany Interest Income | 2 | 0 |
Foreign currency transaction (losses) gains, net | -7,186 | 23,225 |
Equity in income of affiliates | 0 | 0 |
Other (expense) income, net | -4,977 | -4,752 |
Total other expense | -83,947 | -38,579 |
(Loss) income before income tax benefit (provision) | -293,680 | -23,479 |
Income tax benefit (provision) | -4,050 | -2,284 |
Net income | -297,709 | -47,447 |
Foreign currency translation adjustment | 8,159 | 77,640 |
Other | -569 | -1,925 |
Other comprehensive income | 7,590 | 75,715 |
Total comprehensive income | -290,119 | 28,268 |
Consolidating Adjustments [Member] | ' | ' |
Operating revenues | -768 | -768 |
Operating expenses | ' | ' |
Cost of revenues (exclusive of depreciation and amortization included below) | 0 | 0 |
Selling, general and administrative | -2,417 | -1,664 |
Restructuring, Settlement and Impairment Provisions | 0 | 0 |
Management fee, royalty fee and other | -1,279 | -9,610 |
Depreciation and amortization | 0 | 0 |
Total operating expenses | -3,696 | -11,274 |
Operating income | 2,928 | 10,506 |
Other income (expense) | ' | ' |
Interest expense, net | 0 | 0 |
Intercompany Interest Expense | 70,491 | 71,356 |
Interest income | 0 | 0 |
Intercompany Interest Income | -70,491 | -71,356 |
Foreign currency transaction (losses) gains, net | 0 | 0 |
Equity in income of affiliates | 923,990 | 257,230 |
Other (expense) income, net | -2,641 | -10,506 |
Total other expense | 921,349 | 246,724 |
(Loss) income before income tax benefit (provision) | 924,277 | 257,230 |
Income tax benefit (provision) | 0 | -13,770 |
Income (Loss) from Continuing Operations Attributable to Parent | 924,277 | 243,460 |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 0 | 0 |
Net income | 924,277 | 243,460 |
Foreign currency translation adjustment | -24,477 | -232,920 |
Other | 1,707 | 5,775 |
Other comprehensive income | -22,770 | -227,145 |
Total comprehensive income | 901,507 | 16,315 |
NII Capital Corp. (Issuer) [Member] | ' | ' |
Operating revenues | 0 | 0 |
Operating expenses | ' | ' |
Cost of revenues (exclusive of depreciation and amortization included below) | 0 | 0 |
Selling, general and administrative | 0 | 0 |
Restructuring, Settlement and Impairment Provisions | 0 | 0 |
Management fee, royalty fee and other | 0 | 0 |
Depreciation and amortization | 0 | 0 |
Total operating expenses | 0 | 0 |
Operating income | 0 | 0 |
Other income (expense) | ' | ' |
Interest expense, net | -60,625 | -59,316 |
Intercompany Interest Expense | 0 | 0 |
Interest income | 0 | 0 |
Intercompany Interest Income | 70,202 | 70,203 |
Foreign currency transaction (losses) gains, net | 0 | 0 |
Equity in income of affiliates | -298,731 | -48,737 |
Other (expense) income, net | 0 | 0 |
Total other expense | -289,154 | -37,850 |
(Loss) income before income tax benefit (provision) | -289,154 | -37,850 |
Income tax benefit (provision) | -3,640 | -3,395 |
Income (Loss) from Continuing Operations Attributable to Parent | -292,794 | -41,245 |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 0 | 0 |
Net income | -292,794 | -41,245 |
Foreign currency translation adjustment | 8,159 | 77,640 |
Other | -569 | -1,925 |
Other comprehensive income | 7,590 | 75,715 |
Total comprehensive income | ($285,204) | $34,470 |
Condensed_Consolidating_Financ5
Condensed Consolidating Financial Statements (Condensed Consolidating Statement of Cash Flows) (Details) (USD $) | 3 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | |
Cash flows from operating activities: | ' | ' | |
Net income | ($376,079) | ($207,504) | |
Adjustments to reconcile net income (loss) to net cash provided by operating activities | -109,501 | 78,919 | |
Net Cash Provided by (Used in) Operating Activities, Continuing Operations | -485,580 | -128,585 | |
Cash Provided by (Used in) Operating Activities, Discontinued Operations | 21 | -14,045 | |
Net cash provided by operating activities | -485,559 | -142,630 | |
Cash flows from investing activities: | ' | ' | |
Capital expenditures | -182,327 | -241,788 | |
Purchase of long-term and short-term investments | -203,232 | -176,309 | |
Proceeds from sales of short-term investments | 510,117 | 342,819 | |
Investment in Subsidiaries | 0 | 0 | |
Other, net | 34,119 | -19,114 | |
Net Cash Provided by (Used in) Investing Activities, Continuing Operations | 90,439 | -94,392 | |
Cash Provided by (Used in) Investing Activities, Discontinued Operations | -30 | -27,060 | |
Net cash used in investing activities | 90,409 | -121,452 | |
Proceeds from Long-term Lines of Credit | ' | 41,780 | |
Cash flows from financing activities: | ' | ' | |
Borrowings under vendor financing | 14,691 | ' | |
Intercompany dividends | ' | 0 | |
Net Cash Provided by (Used in) Financing Activities, Continuing Operations | -4,640 | 763,623 | |
Cash Provided by (Used in) Financing Activities, Discontinued Operations | 0 | -779 | |
Repayments of import financing | -19,331 | ' | |
Capital contributions | 0 | ' | |
Net cash (used in) provided by financing activities | -4,640 | 762,844 | |
Effect of exchange rate changes on cash and cash equivalents | -34,224 | 2,198 | |
Increase (Decrease) In Cash And Cash Equivalents, Held-For-Sale | 0 | 3,965 | |
Net (decrease) increase in cash and cash equivalents | -434,014 | 504,925 | |
Cash and cash equivalents, beginning of period | 1,733,783 | 1,371,173 | |
Cash and cash equivalents, end of period | 1,299,769 | 1,876,098 | |
Proceeds from Issuance of Senior Long-term Debt | 0 | 750,000 | |
Repayments Under Bank Loans, Equipment Financing and Other | ' | 28,157 | |
Other, net | -19,331 | -28,157 | |
NII Holdings Inc. (Parent) [Member] | ' | ' | |
Cash flows from operating activities: | ' | ' | |
Net income | -376,079 | -207,504 | |
Adjustments to reconcile net income (loss) to net cash provided by operating activities | 336,162 | 167,521 | |
Net Cash Provided by (Used in) Operating Activities, Continuing Operations | -39,917 | -39,983 | |
Cash Provided by (Used in) Operating Activities, Discontinued Operations | 0 | 0 | |
Net cash provided by operating activities | -39,917 | -39,983 | |
Cash flows from investing activities: | ' | ' | |
Capital expenditures | 0 | 0 | |
Purchase of long-term and short-term investments | 0 | 0 | |
Proceeds from sales of short-term investments | 0 | 0 | |
Investment in Subsidiaries | 58,566 | 38,484 | |
Other, net | 0 | 0 | |
Net Cash Provided by (Used in) Investing Activities, Continuing Operations | -58,566 | -38,484 | |
Cash Provided by (Used in) Investing Activities, Discontinued Operations | 0 | 0 | |
Net cash used in investing activities | -58,566 | -38,484 | |
Proceeds from Long-term Lines of Credit | ' | 0 | |
Cash flows from financing activities: | ' | ' | |
Borrowings under vendor financing | 0 | ' | |
Intercompany dividends | ' | 0 | |
Net Cash Provided by (Used in) Financing Activities, Continuing Operations | ' | 0 | |
Cash Provided by (Used in) Financing Activities, Discontinued Operations | ' | 0 | |
Repayments of import financing | -2 | ' | |
Capital contributions | 0 | ' | |
Net cash (used in) provided by financing activities | -2 | 0 | |
Effect of exchange rate changes on cash and cash equivalents | 0 | 0 | |
Increase (Decrease) In Cash And Cash Equivalents, Held-For-Sale | ' | 0 | |
Net (decrease) increase in cash and cash equivalents | -98,485 | -78,467 | |
Cash and cash equivalents, beginning of period | 356,314 | ' | |
Cash and cash equivalents, end of period | 257,829 | 656,555 | |
Proceeds from Issuance of Senior Long-term Debt | ' | 0 | |
Repayments Under Bank Loans, Equipment Financing and Other | ' | 0 | |
NII Capital Corp. (Issuer) [Member] | ' | ' | |
Cash flows from operating activities: | ' | ' | |
Net income | -292,794 | -41,245 | |
Adjustments to reconcile net income (loss) to net cash provided by operating activities | 293,000 | 42,118 | |
Net Cash Provided by (Used in) Operating Activities, Continuing Operations | 206 | 873 | |
Cash Provided by (Used in) Operating Activities, Discontinued Operations | 0 | 0 | |
Net cash provided by operating activities | 206 | 873 | |
Cash flows from investing activities: | ' | ' | |
Capital expenditures | 0 | 0 | |
Purchase of long-term and short-term investments | 0 | 0 | |
Proceeds from sales of short-term investments | 0 | 0 | |
Investment in Subsidiaries | 216 | 873 | |
Other, net | 0 | 0 | |
Net Cash Provided by (Used in) Investing Activities, Continuing Operations | -216 | -873 | |
Cash Provided by (Used in) Investing Activities, Discontinued Operations | 0 | 0 | |
Net cash used in investing activities | -216 | -873 | |
Proceeds from Long-term Lines of Credit | ' | 0 | |
Cash flows from financing activities: | ' | ' | |
Borrowings under vendor financing | 0 | ' | |
Intercompany dividends | ' | 0 | |
Net Cash Provided by (Used in) Financing Activities, Continuing Operations | ' | 0 | |
Cash Provided by (Used in) Financing Activities, Discontinued Operations | ' | 0 | |
Repayments of import financing | 0 | ' | |
Capital contributions | 10 | ' | |
Net cash (used in) provided by financing activities | 10 | 0 | |
Effect of exchange rate changes on cash and cash equivalents | 0 | 0 | |
Increase (Decrease) In Cash And Cash Equivalents, Held-For-Sale | ' | 0 | |
Net (decrease) increase in cash and cash equivalents | 0 | 0 | |
Cash and cash equivalents, beginning of period | 0 | [1] | ' |
Cash and cash equivalents, end of period | 0 | [1] | 0 |
Proceeds from Issuance of Senior Long-term Debt | ' | 0 | |
Repayments Under Bank Loans, Equipment Financing and Other | ' | 0 | |
Guarantor Subsidiaries [Member] | ' | ' | |
Cash flows from operating activities: | ' | ' | |
Net income | -333,774 | -154,768 | |
Adjustments to reconcile net income (loss) to net cash provided by operating activities | 286,773 | 126,563 | |
Net Cash Provided by (Used in) Operating Activities, Continuing Operations | -47,001 | -28,205 | |
Cash Provided by (Used in) Operating Activities, Discontinued Operations | 0 | 0 | |
Net cash provided by operating activities | -47,001 | -28,205 | |
Cash flows from investing activities: | ' | ' | |
Capital expenditures | -1,700 | -8,305 | |
Purchase of long-term and short-term investments | 0 | 0 | |
Proceeds from sales of short-term investments | 0 | 0 | |
Investment in Subsidiaries | 0 | 0 | |
Other, net | 0 | 0 | |
Net Cash Provided by (Used in) Investing Activities, Continuing Operations | -1,700 | -8,305 | |
Cash Provided by (Used in) Investing Activities, Discontinued Operations | 0 | 0 | |
Net cash used in investing activities | -1,700 | -8,305 | |
Proceeds from Long-term Lines of Credit | ' | 0 | |
Cash flows from financing activities: | ' | ' | |
Borrowings under vendor financing | 0 | ' | |
Intercompany dividends | ' | 38,484 | |
Net Cash Provided by (Used in) Financing Activities, Continuing Operations | ' | 34,397 | |
Cash Provided by (Used in) Financing Activities, Discontinued Operations | ' | 0 | |
Repayments of import financing | -463 | ' | |
Capital contributions | 58,466 | ' | |
Net cash (used in) provided by financing activities | 58,003 | 34,397 | |
Effect of exchange rate changes on cash and cash equivalents | 0 | 0 | |
Increase (Decrease) In Cash And Cash Equivalents, Held-For-Sale | ' | 0 | |
Net (decrease) increase in cash and cash equivalents | 9,302 | -2,113 | |
Cash and cash equivalents, beginning of period | 5,586 | [2] | ' |
Cash and cash equivalents, end of period | 14,888 | [2] | 4,356 |
Proceeds from Issuance of Senior Long-term Debt | ' | 0 | |
Repayments Under Bank Loans, Equipment Financing and Other | ' | 4,087 | |
Prior Group Of Non-Guarantor Subsidiaries [Member] | ' | ' | |
Cash flows from operating activities: | ' | ' | |
Net Cash Provided by (Used in) Operating Activities, Continuing Operations | -398,868 | -61,670 | |
Cash Provided by (Used in) Operating Activities, Discontinued Operations | 21 | -14,045 | |
Cash flows from investing activities: | ' | ' | |
Net Cash Provided by (Used in) Investing Activities, Continuing Operations | 92,139 | -85,687 | |
Cash Provided by (Used in) Investing Activities, Discontinued Operations | -30 | -27,060 | |
Cash flows from financing activities: | ' | ' | |
Net Cash Provided by (Used in) Financing Activities, Continuing Operations | ' | 768,583 | |
Cash Provided by (Used in) Financing Activities, Discontinued Operations | ' | -779 | |
Increase (Decrease) In Cash And Cash Equivalents, Held-For-Sale | ' | 3,965 | |
Non-Guarantor Subsidiaries [Member] | ' | ' | |
Cash flows from operating activities: | ' | ' | |
Net income | -297,709 | -47,447 | |
Adjustments to reconcile net income (loss) to net cash provided by operating activities | -101,159 | -14,223 | |
Net cash provided by operating activities | -398,847 | -75,715 | |
Cash flows from investing activities: | ' | ' | |
Capital expenditures | -180,627 | -233,083 | |
Purchase of long-term and short-term investments | -203,232 | -176,309 | |
Proceeds from sales of short-term investments | 510,117 | 342,819 | |
Investment in Subsidiaries | 0 | 0 | |
Other, net | -34,119 | -19,114 | |
Net cash used in investing activities | 92,109 | -112,747 | |
Proceeds from Long-term Lines of Credit | ' | 41,780 | |
Cash flows from financing activities: | ' | ' | |
Borrowings under vendor financing | 14,691 | ' | |
Intercompany dividends | ' | 873 | |
Repayments of import financing | -18,866 | ' | |
Capital contributions | 306 | ' | |
Net cash (used in) provided by financing activities | -3,869 | 767,804 | |
Effect of exchange rate changes on cash and cash equivalents | -34,224 | 2,198 | |
Net (decrease) increase in cash and cash equivalents | -344,831 | 585,505 | |
Cash and cash equivalents, beginning of period | 1,371,883 | ' | |
Cash and cash equivalents, end of period | 1,027,052 | 1,215,187 | |
Proceeds from Issuance of Senior Long-term Debt | ' | 750,000 | |
Repayments Under Bank Loans, Equipment Financing and Other | ' | 24,070 | |
Consolidating Adjustments [Member] | ' | ' | |
Cash flows from operating activities: | ' | ' | |
Net income | 924,277 | 243,460 | |
Adjustments to reconcile net income (loss) to net cash provided by operating activities | -924,277 | -243,060 | |
Net Cash Provided by (Used in) Operating Activities, Continuing Operations | 0 | 400 | |
Cash Provided by (Used in) Operating Activities, Discontinued Operations | 0 | 0 | |
Net cash provided by operating activities | 0 | 400 | |
Cash flows from investing activities: | ' | ' | |
Capital expenditures | 0 | -400 | |
Purchase of long-term and short-term investments | 0 | 0 | |
Proceeds from sales of short-term investments | 0 | 0 | |
Investment in Subsidiaries | -58,782 | -39,357 | |
Other, net | 0 | 0 | |
Net Cash Provided by (Used in) Investing Activities, Continuing Operations | 58,782 | 38,957 | |
Cash Provided by (Used in) Investing Activities, Discontinued Operations | 0 | 0 | |
Net cash used in investing activities | 58,782 | 38,957 | |
Proceeds from Long-term Lines of Credit | ' | 0 | |
Cash flows from financing activities: | ' | ' | |
Borrowings under vendor financing | 0 | ' | |
Intercompany dividends | ' | -39,357 | |
Net Cash Provided by (Used in) Financing Activities, Continuing Operations | ' | -39,357 | |
Cash Provided by (Used in) Financing Activities, Discontinued Operations | ' | 0 | |
Repayments of import financing | 0 | ' | |
Capital contributions | -58,782 | ' | |
Net cash (used in) provided by financing activities | -58,782 | -39,357 | |
Effect of exchange rate changes on cash and cash equivalents | 0 | 0 | |
Increase (Decrease) In Cash And Cash Equivalents, Held-For-Sale | ' | 0 | |
Net (decrease) increase in cash and cash equivalents | 0 | 0 | |
Cash and cash equivalents, beginning of period | 0 | ' | |
Cash and cash equivalents, end of period | 0 | 0 | |
Proceeds from Issuance of Senior Long-term Debt | ' | 0 | |
Repayments Under Bank Loans, Equipment Financing and Other | ' | $0 | |
[1] | NII Capital Corp. is the issuer of our 7.625% senior notes due 2021, our 10.0%B senior notes due 2016 and our 8.875%B 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%B senior notes due 2016 and our 8.875%B senior notes due 2019. |