Company: UZF
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000821130-25-000023
Chunk: 98

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 98
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 related to strategic alternatives review33 8 — Loss on impairment of licenses136 — 3 (Gain) loss on asset disposals, net17 19 19 (Gain) loss on sale of business and other exit costs, net— — (1)(Gain) loss on license sales and exchanges, net3 (2)— Adjusted EBITDA and Adjusted OIBDA (Non-GAAP)719 697 677 Deduct:Depreciation, amortization and accretion620 610 655 Expenses related to strategic alternatives review33 8 — Loss on impairment of licenses136 — 3 (Gain) loss on asset disposals, net17 19 19 (Gain) loss on sale of business and other exit costs, net— — (1)(Gain) loss on license sales and exchanges, net3 (2)— Operating income (loss) (GAAP)$(90)$62 $1 

51

Index to MD&A

UScellular Towers2024 2023 2022(Dollars in millions)   EBITDA (Non-GAAP)$123 $123 $113 Add back or deduct:Expenses related to strategic alternatives review2 — — (Gain) loss on asset disposals1 (2)— Adjusted EBITDA and Adjusted OIBDA (Non-GAAP)126 121 113 Deduct:Depreciation, amortization and accretion45 46 45 Expenses related to strategic alternatives review2 — — (Gain) loss on asset disposals, net1 (2)— Operating income (GAAP)$78 $77 $68 

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. 202420232022(Dollars in millions)Cash flows from operating activities (GAAP)$883 $866 $832 Cash paid for additions to property, plant and equipment(