Company: UZF
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000821130-25-000070
Chunk: 42

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 2
Chunk 42
---
537,151 

The accompanying notes are an integral part of these consolidated financial statements.

32

Array Digital Infrastructure, Inc.

Consolidated Statement of Changes in Equity

(Unaudited)

Array ShareholdersSeries ACommon andCommonsharesAdditionalpaid-incapitalTreasurysharesRetainedearningsTotalArrayshareholders'equityNoncontrollinginterestsTotal equity(Dollars in thousands)December 31, 2023$88,074 $1,726,275 $(80,101)$2,892,127 $4,626,375 $15,439 $4,641,814 Net income (loss) attributable to Array shareholders— — — (43,951)(43,951)— (43,951)Net income attributable to noncontrolling interests classified as equity— — — — — 2,650 2,650 Repurchase of Common Shares— — (26,044)— (26,044)— (26,044)Incentive and compensation plans— 37,767 23,029 (34,722)26,074 — 26,074 Distributions to noncontrolling interests— — — — — (2,944)(2,944)September 30, 2024$88,074 $1,764,042 $(83,116)$2,813,454 $4,582,454 $15,145 $4,597,599 

The accompanying notes are an integral part of these consolidated financial statements.

33

Array Digital Infrastructure, Inc.

Notes to Consolidated Financial Statements

Note 1 Basis of PresentationOn August 1, 2025, United States Cellular Corporation changed its name to Array Digital Infrastructure, Inc. (Array). Array is used throughout this report even when referring to historical periods. As of September 30, 2025, Array, a Delaware Corporation, is an 82.0%-owned subsidiary of Telephone and Data Systems, Inc. (TDS). The Notes to Consolidated Financial Statements are presented for continuing operations, except for Note 2 — Discontinued Operations.The accounting policies of Array conform to accounting principles generally accepted in the United States of America (GAAP) as set forth in the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC). Unless otherwise specified, references to accounting provisions and GAAP in these notes refer to the