Company: UZF
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0000821130-25-000032
Chunk: 61

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 7
Chunk 61
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(Gain) loss on license sales and exchanges, net(1)(1)Adjusted EBITDA and Adjusted OIBDA (Non-GAAP)182 195 Deduct:Depreciation, amortization and accretion152 154 Expenses related to strategic alternatives review9 7 (Gain) loss on asset disposals, net2 6 (Gain) loss on license sales and exchanges, net(1)(1)Operating income (GAAP)$20 $29 

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Three Months EndedMarch 31,UScellular Towers20252024(Dollars in millions)  EBITDA (Non-GAAP)$32 $33 Add back or deduct:Expenses related to strategic alternatives review1 — Adjusted EBITDA and Adjusted OIBDA (Non-GAAP)33 33 Deduct:Depreciation, amortization and accretion11 11 Expenses related to strategic alternatives review1 — Operating income (GAAP)$21 $22 

Free Cash Flow

The following table presents Free cash flow, which is defined as Cash flows from operating activities less Cash paid for additions to property, plant and equipment and Cash paid for software license agreements. Free cash flow is a non-GAAP financial measure which UScellular believes may be useful to investors and other users of its financial information in evaluating liquidity, specifically, the amount of net cash generated by business operations after deducting Cash paid for additions to property, plant and equipment and Cash paid for software license agreements. 

Three Months EndedMarch 31,20252024(Dollars in millions)Cash flows from operating activities (GAAP)$160 $203 Cash paid for additions to property, plant and equipment(72)(133)Cash paid for software license agreements(9)(9)Free cash flow (Non-GAAP)$79 $61 

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Application of Critical Accounting Policies and Estimates

UScellular prepares its consolidated financial statements in accordance with GAAP. UScellular’s significant accounting policies are discussed in detail in Note 1 — Summary of Significant Accounting Policies, Note 2 — Revenue Recognition and Note 11 — Leases in the Notes to Consolidated Financial Statements included in UScellular's Form 10-K for the year ended December 31, 2024. UScellular’s application of critical accounting policies and estimates is discussed in detail in Management’s Discussion and Analysis of Financial Condition and Results of Operations, included in