Company: UZF
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000821130-25-000051
Chunk: 37

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 2
Chunk 37
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)(91)Total other income (expense)1 (4)— (5)Income before income taxes36 32 76 83 Income tax expense4 14 24 41 Net income32 18 52 42 Less: Net income attributable to noncontrolling interests, net of tax1 1 2 7 Net income attributable to Array shareholders$31 $17 $50 $35 Basic weighted average shares outstanding86 86 85 86 Basic earnings per share attributable to Array shareholders$0.37 $0.20 $0.58 $0.41 Diluted weighted average shares outstanding88 88 88 88 Diluted earnings per share attributable to Array shareholders$0.36 $0.20 $0.57 $0.40 

The accompanying notes are an integral part of these consolidated financial statements.

31

Array Digital Infrastructure, Inc.

Consolidated Statement of Cash Flows

(Unaudited)

Six Months EndedJune 30,20252024(Dollars in millions)Cash flows from operating activitiesNet income$52 $42 Add (deduct) adjustments to reconcile net income to net cash flows from operating activitiesDepreciation, amortization and accretion325 329 Bad debts expense43 46 Stock-based compensation expense29 25 Deferred income taxes, net(9)11 Equity in earnings of unconsolidated entities(78)(80)Distributions from unconsolidated entities88 80 (Gain) loss on asset disposals, net4 11 (Gain) loss on license sales and exchanges, net(5)7 Other operating activities3 3 Changes in assets and liabilities from operationsAccounts receivable(21)(1)Equipment installment plans receivable44 5 Inventory52 57 Accounts payable(4)— Customer deposits and deferred revenues(13)6 Accrued taxes10 20 Accrued interest— (1)Other assets and liabilities(35)(44)Net cash provided by operating activities485 516 Cash flows from investing activitiesCash paid for additions to property, plant and equipment(147)(270)Cash paid for licenses(4)(15)Other investing activities1 1 Net cash used in investing activities(150)(284)Cash flows from financing activitiesIssuance of long-term debt— 40 Repayment of long-term debt(