Company: UZF
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000821130-25-000051
Chunk: 43

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 2
Chunk 43
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 Months EndedJune 30,Six Months EndedJune 30,2025202420252024(Dollars in millions)Revenues from contracts with customers:Retail service$652 $666 $1,312 $1,344 Other service56 52 109 102 Service revenues from contracts with customers708 718 1,421 1,446 Equipment sales180 184 330 380 Total revenues from contracts with customers1888 902 1,751 1,826 Operating lease income128 25 56 51 Total operating revenues$916 $927 $1,807 $1,877 1Total revenues from contracts with customers represents revenues related to the Wireless segment and Operating lease income represents revenues related to the Towers segment.Contract BalancesThe following table provides balances for contract assets from contracts with customers, which are recorded in Other current assets and Other assets and deferred charges in the Consolidated Balance Sheet, and contract liabilities from contracts with customers, which are recorded in Customer deposits and deferred revenues and Other deferred liabilities and credits in the Consolidated Balance Sheet. June 30, 2025December 31, 2024(Dollars in millions) Contract assets$4 $4 Contract liabilities$320 $334 Revenue recognized related to contract liabilities existing at January 1, 2025 was $154 million for the six months ended June 30, 2025.Transaction price allocated to the remaining performance obligationsThe following table includes estimated service revenues expected to be recognized related to performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period. These estimates represent service revenues to be recognized when wireless services are delivered to customers pursuant to service plan contracts and under certain roaming agreements with other carriers. These estimates are based on contracts in place as of June 30, 2025 and may vary from actual results. As practical expedients, revenue related to contracts of less than one year, generally month-to-month contracts, and contracts with a fixed per-unit price and variable quantity, are excluded from these estimates. Service Revenues(Dollars in millions)Remainder of 2025$171 2026114 Thereafter73 Total$358 

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Contract Cost AssetsArray expects that commission fees paid as a result of obtaining contracts are recoverable, and therefore Array defers and amortizes these costs. As a practical expedient, costs with an amortization period of one year or