Company: UZF
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000821130-25-000070
Chunk: 77

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 7
Chunk 77
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 to Net income (loss) from continuing operations or Cash flows from operating activities - continuing operations, as indicators of cash flows or as measures of liquidity. Array does not intend to imply that any such items set forth in the reconciliation below are non-recurring, infrequent or unusual; such items may occur in the future.

Management uses Adjusted EBITDA and Adjusted OIBDA as measurements of profitability, and therefore reconciliations to applicable GAAP income measures are deemed appropriate. Management believes Adjusted EBITDA and Adjusted OIBDA are useful measures of Array’s operating results before significant recurring non-cash charges, nonrecurring expenses, gains and losses, and other items as presented below as it provides additional relevant and useful information to investors and other users of Array’s financial data in evaluating the effectiveness of its operations and underlying business trends in a manner that is consistent with management’s evaluation of business performance. Adjusted EBITDA shows adjusted earnings before interest, taxes, depreciation, amortization and accretion, gains and losses, and expenses related to the strategic alternatives review of Array, while Adjusted OIBDA reduces this measure further to exclude Equity in earnings of unconsolidated entities and Interest and dividend income in order to more effectively show the performance of operating activities excluding investment activities. The following tables reconcile EBITDA, Adjusted EBITDA and Adjusted OIBDA to the corresponding GAAP measures, Net income (loss) from continuing operations and/or Operating income (loss).

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Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024(Dollars in thousands)Net income (loss) from continuing operations (GAAP)$109,920 $(95,701)$130,503 $(92,296)Add back:Income tax expense (benefit)(62,701)(22,046)(54,479)(15,600)Interest expense8,855 4,241 16,233 9,201 Depreciation, amortization and accretion11,868 12,237 35,860 35,058 EBITDA (Non-GAAP)67,942 (101,269)128,117 (63,637)Add back or deduct:Expenses related to strategic alternatives review489 1,253 2,349 19,913 Loss on impairment of licenses47,679 136,234 47,679 136,234 (Gain) loss on asset disposals