Company: UZF
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0000821130-25-000032
Chunk: 60

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 7
Chunk 60
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 additional relevant and useful information to investors and other users of UScellular’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 UScellular, 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 and/or Operating income. Income and expense items below Operating income are not provided at the individual segment level for Wireless and Towers; therefore, the reconciliations begin with EBITDA and the most directly comparable GAAP measure is Operating income rather than Net income at the segment level.

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Three Months EndedMarch 31,UScellular20252024(Dollars in millions)Net income (GAAP)$20 $24 Add back:Income tax expense20 28 Interest expense40 43 Depreciation, amortization and accretion163 165 EBITDA (Non-GAAP)243 260 Add back or deduct:Expenses related to strategic alternatives review10 7 (Gain) loss on asset disposals, net2 6 (Gain) loss on license sales and exchanges, net(1)(1)Adjusted EBITDA (Non-GAAP)254 272 Deduct:Equity in earnings of unconsolidated entities36 42 Interest and dividend income3 2 Adjusted OIBDA (Non-GAAP)215 228 Deduct:Depreciation, amortization and accretion163 165 Expenses related to strategic alternatives review10 7 (Gain) loss on asset disposals, net2 6 (Gain) loss on license sales and exchanges, net(1)(1)Operating income (GAAP)$41 $51 

Three Months EndedMarch 31,UScellular Wireless20252024(Dollars in millions)  EBITDA (Non-GAAP)$172 $183 Add back or deduct:Expenses related to strategic alternatives review9 7 (Gain) loss on asset disposals, net2 6