NII Holdings Inc Reports Operating Results (10-K/A)

Author's Avatar
Nov 19, 2012
NII Holdings Inc (NIHD, Financial) filed Amended Annual Report for the period ended 2011-12-31.

Nii Holdings Inc has a market cap of $897.61 million; its shares were traded at around $5.27 with and P/S ratio of 0.13. Nii Holdings Inc had an annual average earning growth of 22.2% over the past 10 years.

Highlight of Business Operations:

Foreign Currency Transaction (Losses) Gains, Net. Consolidated foreign currency transaction losses of $37.0 million for the year ended December 31, 2011 are primarily related to the impact of the depreciation in the value of the Brazilian real relative to the U.S. dollar on Nextel Brazil's net liabilities. Consolidated foreign currency transaction gains of $52.4 million for the year ended December 31, 2010 are primarily related to the impact of the appreciation in the value of the Mexican peso relative to the U.S. dollar on corporate peso-denominated receivables due from Nextel Mexico. Consolidated foreign currency transaction gains of $104.9 million for the year ended December 31, 2009 are primarily related to the impact of the significant appreciation in the value of the Brazilian real relative to the U.S. dollar during 2009 on Nextel Brazil s syndicated loan facility, which is denominated in U.S. dollars. See “Critical Accounting Policies and Estimates — Foreign Currency.” for more information.

Read the The complete Report