Company: UZF
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000821130-25-000070
Chunk: 123

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1A
Chunk 123
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 Inc.Consolidated Statement of Operations(Unaudited)Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024(Dollars and shares in thousands, except per share amounts)Operating revenuesSite rental$45,838 $25,669 $99,663 $76,591 Services1,281 70 2,969 254 Total operating revenues47,119 25,739 102,632 76,845 Operating expensesCost of operations (excluding Depreciation, amortization and accretion reported below)20,976 18,263 56,662 52,822 Selling, general and administrative20,525 21,176 69,063 78,997 Depreciation, amortization and accretion11,868 12,237 35,860 35,058 Loss on impairment of licenses47,679 136,234 47,679 136,234 (Gain) loss on asset disposals, net707 196 620 590 (Gain) loss on license sales and exchanges, net(1,323)(2,200)(6,123)4,360 Total operating expenses100,432 185,906 203,761 308,061 Operating income (loss)(53,313)(160,167)(101,129)(231,216)Other income (expense)Equity in earnings of unconsolidated entities69,811 43,109 147,453 123,445 Interest and dividend income8,909 3,552 15,267 9,076 Interest expense(8,855)(4,241)(16,233)(9,201)Short-term imputed spectrum lease income30,413 — 30,413 — Other, net254 — 253 — Total other income100,532 42,420 177,153 123,320 Income (loss) before income taxes47,219 (117,747)76,024 (107,896)Income tax expense (benefit)(62,701)(22,046)(54,479)(15,600)Net income (loss) from continuing operations109,920 (95,701)130,503 (92,296)Less: Net income from continuing operations attributable to noncontrolling interests, net of tax1,084 204 2,210 5