Company: UZF
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000821130-25-000023
Chunk: 99

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 99
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537)(608)(602)Cash paid for software license agreements(66)(66)(22)Free cash flow (Non-GAAP)$280 $192 $208 

Licenses impairment, net of tax

The following non-GAAP financial measure isolates the total effects on net income of the Loss on impairment of licenses, including tax impacts. UScellular believes this measure may be useful to investors and other users of its financial information to assist in comparing financial results with periods that were not impacted by impairment charges.

 202420232022(Dollars in millions)Net income (loss) attributable to UScellular shareholders (GAAP)$(39)$54 $30 Adjustments:Loss on impairment of licenses136 — 3 Deferred tax benefit on the tax-amortizable portion of the impaired licenses(34)— — Subtotal of Non-GAAP adjustments102 — 3 Net income attributable to UScellular shareholders excluding licenses impairment charge (Non-GAAP)$63 $54 $33