Leap Wireless International, Inc.

(NASDAQ:LEAP)

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Quarterly Data
Annual Data
Note: All numbers in thousands

	Sep 30, 2008	Jun 30, 2008	Mar 31, 2008	Dec 31, 2007
Assets
Current Assets
Cash & Equivalents	541,804	646,165	437,184	433,337
Restricted Cash	4,870	4,474	9,997	15,550
Marketable Securities	284,511	288,202	71,556	179,233
Accounts Receivable	—	20,431	20,462	21,158
Loans Receivable	—	—	—	—
Other Receivable	—	—	—	—
Receivables	—	20,431	20,462	21,158
Raw Materials	—	—	—	—
Work in Progress	—	—	—	—
Purchased Components	—	—	—	—
Finished Goods	—	—	—	—
Other Inventories	106,684	100,609	71,873	65,208
Inventories Adjustments and Allowances	—	—	—	—
Inventories	106,684	100,609	71,873	65,208
Prepaid Expenses	—	28,349	22,436	16,076
Current Deferred Income Taxes	—	—	—	—
Other Current Assets	65,989	959	70,955	865
Total Current Assets	1,003,858	1,089,189	704,463	731,427
Land and Improvements	—	—	—	—
Building and Improvements	—	—	—	—
Machinery Furniture and Equipment	—	1,921,862	1,753,951	1,605,872
Construction in Progress	—	379,351	335,698	341,742
Other Fixed Assets	1,661,540	—	—	—
Total Fixed Assets	1,661,540	2,301,213	2,089,649	1,947,614
Gross Fixed Assets	1,661,540	2,301,213	2,089,649	1,947,614
Accumulated Depreciation and Depletion	—	759,290	699,783	630,957
Net Fixed Assets	1,661,540	1,541,923	1,389,866	1,316,657
Intangibles	1,868,000	1,916,516	1,898,084	1,912,455
Cost in Excess	429,968	432,731	425,782	425,782
Non Current Deferred Income Taxes	—	—	—	—
Other Non Current Assets	126,900	76,211	56,149	46,677
Total Non Current Assets	4,086,408	3,967,381	3,769,881	3,701,571
Total Assets	5,090,266	5,056,570	4,474,344	4,432,998
Liabilities
Current Liabilities
Accounts Payable	303,936	173,752	106,365	109,781
Notes Payable	—	—	—	—
Short Term Debt	12,500	12,000	11,500	10,500
Accrued Expenses	—	—	—	—
Accrued Liabilities	—	160,837	184,882	155,365
Deferred Revenues	—	67,305	69,571	60,002
Current Deferred Income Tax Liabilities	—	—	—	—
Other Current Liabilities	178,163	15,341	19,748	15,395
Total Current Liabilities	494,599	429,235	392,066	351,043
Non Current Liabilities
Long Term Debt	2,569,587	2,573,136	2,030,150	2,033,902
Capital Lease Obligations	—	—	—	—
Deferred Income Tax Liabilities	210,949	204,293	191,924	182,835
Other Non Current Liabilities	93,777	93,450	96,764	90,172
Minority Interest Liabilities	54,632	53,412	51,547	50,724
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	3,423,544	3,353,526	2,762,451	2,708,676
Total Liabilities	2,928,945	2,924,291	2,370,385	2,357,633
Shareholders' Equity
Preferred Stock Equity	—	—	—	—
Common Stock Equity	1,666,722	1,703,044	1,711,893	1,724,322
Common Par	7	7	7	7
Additional Paid in Capital	1,840,986	1,832,068	1,821,205	1,808,689
Cumulative Translation Adjustment	—	—	—	—
Retained Earnings	-168,700	-119,912	-93,843	-75,699
Treasury Stock	—	—	—	—
Other Equity Adjustments	-5,571	-9,119	-15,476	-8,675
Total Capitalization	4,236,309	4,276,180	3,742,043	3,758,224
Cash Flow	—	196,647	225,963	226,274
Working Capital	509,259	659,954	312,397	380,384
Free Cash Flow	—	-193,663	-95,035	-193,881
Invested Capital	4,236,309	4,276,180	3,742,043	3,758,224
Total Equity	1,666,722	1,703,044	1,711,893	1,724,322
Total Liabilities and Stock Equity	5,090,266	5,056,570	4,474,344	4,432,998

	Dec 31, 2007	Dec 31, 2006	Dec 31, 2005	Dec 31, 2004
Assets
Current Assets
Cash & Equivalents	433,337	374,939	293,073	141,141
Restricted Cash	15,550	13,581	13,759	31,427
Marketable Securities	179,233	66,400	90,981	113,083
Accounts Receivable	21,158	37,422	—	—
Loans Receivable	—	—	—	—
Other Receivable	—	—	—	—
Receivables	21,158	37,422	—	—
Raw Materials	—	—	—	—
Work in Progress	—	—	—	—
Purchased Components	—	—	—	—
Finished Goods	—	—	—	—
Other Inventories	65,208	90,185	37,320	25,816
Inventories Adjustments and Allowances	—	—	—	—
Inventories	65,208	90,185	37,320	25,816
Prepaid Expenses	16,076	11,808	—	—
Current Deferred Income Taxes	—	—	—	—
Other Current Assets	865	4,297	29,237	35,144
Total Current Assets	731,427	598,632	464,370	346,611
Land and Improvements	—	—	—	—
Building and Improvements	—	—	—	—
Machinery Furniture and Equipment	1,605,872	1,228,623	693,771	625,883
Construction in Progress	341,742	237,813	134,929	11,383
Other Fixed Assets	—	—	—	—
Total Fixed Assets	1,947,614	1,466,436	828,700	637,266
Gross Fixed Assets	1,947,614	1,466,436	828,700	637,266
Accumulated Depreciation and Depletion	630,957	388,681	206,754	60,914
Net Fixed Assets	1,316,657	1,077,755	621,946	576,352
Intangibles	1,912,455	1,643,786	545,450	1,133,733
Cost in Excess	425,782	431,896	—	—
Non Current Deferred Income Taxes	—	—	—	—
Other Non Current Assets	46,677	340,899	874,552	33,786
Total Non Current Assets	3,701,571	3,494,336	2,041,948	1,743,871
Total Assets	4,432,998	4,092,968	2,506,318	2,090,482
Liabilities
Current Liabilities
Accounts Payable	109,781	218,019	167,770	91,093
Notes Payable	—	—	—	—
Short Term Debt	10,500	9,000	6,111	40,373
Accrued Expenses	—	—	—	—
Accrued Liabilities	155,365	139,045	—	—
Deferred Revenues	60,002	27,933	—	—
Current Deferred Income Tax Liabilities	—	—	—	—
Other Current Liabilities	15,395	6,134	49,627	72,741
Total Current Liabilities	351,043	400,131	223,508	204,207
Non Current Liabilities
Long Term Debt	2,033,902	1,676,500	588,333	371,355
Capital Lease Obligations	—	—	—	—
Deferred Income Tax Liabilities	182,835	149,728	—	—
Other Non Current Liabilities	90,172	47,608	178,359	45,070
Minority Interest Liabilities	50,724	30,000	1,761	—
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	2,708,676	2,303,967	991,961	620,632
Total Liabilities	2,357,633	1,903,836	768,453	416,425
Shareholders' Equity
Preferred Stock Equity	—	—	—	—
Common Stock Equity	1,724,322	1,789,001	1,514,357	1,469,850
Common Par	7	7	6	6
Additional Paid in Capital	1,808,689	1,769,772	1,511,580	1,478,392
Cumulative Translation Adjustment	—	—	—	—
Retained Earnings	-75,699	17,436	21,575	-8,629
Treasury Stock	—	—	—	—
Other Equity Adjustments	-8,675	1,786	-18,804	81
Total Capitalization	3,758,224	3,465,501	2,102,690	1,841,205
Cash Flow	226,274	224,476	225,428	66,695
Working Capital	380,384	198,501	240,862	142,404
Free Cash Flow	-193,881	-303,143	89,644	25,811
Invested Capital	3,758,224	3,465,501	2,102,690	1,841,205
Total Equity	1,724,322	1,789,001	1,514,357	1,469,850
Total Liabilities and Stock Equity	4,432,998	4,092,968	2,506,318	2,090,482