Company: UZF
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000821130-25-000051
Chunk: 206

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 8
Chunk 206
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 balances of the consolidated VIEs’ assets and liabilities in Array’s Consolidated Balance Sheet.June 30, 2025December 31, 2024(Dollars in millions)AssetsCash and cash equivalents$24 $51 Accounts receivable601 641 Inventory, net4 5 Other current assets15 16 Licenses641 641 Property, plant and equipment, net121 131 Operating lease right-of-use assets50 50 Other assets and deferred charges415 447 Total assets$1,871 $1,982 LiabilitiesCurrent liabilities$36 $37 Long-term operating lease liabilities43 43 Other deferred liabilities and credits30 30 Total liabilities1$109 $110 1    Total liabilities does not include amounts borrowed under the receivables securitization agreement.

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Unconsolidated VIEsArray manages the operations of and holds a variable interest in certain other limited partnerships, but is not the primary beneficiary of these entities, and therefore does not consolidate them into the Array financial statements under the variable interest model.Array’s total investment in these unconsolidated entities was $4 million and $6 million at June 30, 2025 and December 31, 2024, respectively, and is included in Investments in unconsolidated entities in Array’s Consolidated Balance Sheet. The maximum exposure from unconsolidated VIEs is limited to the investment held by Array in those entities. See Note 11 — Subsequent Events for additional information related to Investments in unconsolidated entities.Other Related MattersArray made contributions, loans or advances to its VIEs totaling $6 million and $250 million during the six months ended June 30, 2025 and 2024, respectively, of which $219 million in 2024, are related to USCC EIP LLC as discussed above.

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Note 10 Business Segment Information Array has the following reportable segments: Wireless and Towers. Wireless generates its revenues by providing wireless services and equipment. Towers generates its revenues by leasing tower space on Array-owned towers to other wireless carriers. The Towers segment records rental revenue and the Wireless segment records a related expense when the Wireless segment uses company-owned towers to locate its network equipment, using estimated market pricing - this revenue and expense is eliminated in consolidation. Adjusted earnings before interest, taxes, depreciation, amortization and accretion (Adjusted EBITDA) is the segment measure of profit or