Company: UZF
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000821130-25-000070
Chunk: 125

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1A
Chunk 125
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(Unaudited)

Nine Months EndedSeptember 30,20252024(Dollars in thousands)Cash flows from operating activitiesNet income (loss)$31,310 $(36,584)Net income (loss) from discontinued operations(99,193)55,712 Net income (loss) from continuing operations130,503 (92,296)Add (deduct) adjustments to reconcile net income (loss) to net cash flows from operating activitiesDepreciation, amortization and accretion35,860 35,058 Bad debts expense1,655 (1,748)Stock-based compensation expense1,560 2,079 Deferred income taxes, net(81,087)(35,055)Equity in earnings of unconsolidated entities(147,453)(123,445)Distributions from unconsolidated entities149,732 106,458 Loss on impairment of licenses47,679 136,234 (Gain) loss on asset disposals, net620 590 (Gain) loss on license sales and exchanges, net(6,123)4,360 Other operating activities338 90 Changes in assets and liabilities from operationsAccounts receivable(5,157)6,620 Accounts payable22,231 (39,865)Customer deposits and deferred revenues(28,880)(510)Accrued taxes(11,713)4,592 Accrued interest2,372 (265)Other assets and liabilities(89,627)(22,435)Net cash provided by (used in) operating activities - continuing operations22,510 (19,538)Net cash provided by operating activities - discontinued operations380,388 781,019 Net cash provided by operating activities402,898 761,481 Cash flows from investing activitiesCash paid for additions to property, plant and equipment(18,597)(13,371)Cash paid for licenses(4,175)(16,562)Cash received from divestitures5,439 — Other investing activities1,301 — Net cash provided by (used in) investing activities - continuing operations(16,032)(29,933)Net cash provided by (used in) investing activities - discontinued operations2,462,399 (385,077)Net cash provided by (used in) investing activities2,446,367 (415,010)Cash flows from financing activitiesIssuance of long-term debt325,000 40