Company: UZF
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000821130-25-000070
Chunk: 58

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 2
Chunk 58
---
 continuing operations balances are not available, the balances presented for December 31, 2024 are derived from the ratio of continuing operations for the respective financial statement line item of Array's Consolidated Balance Sheet.September 30, 2025December 31, 2024(Dollars in thousands)AssetsCash and cash equivalents$— $8 Accounts receivable936 166 Other current assets364 304 Licenses— 1,853 Non-current assets held for sale1,853 — Property, plant and equipment, net16,332 17,424 Operating lease right-of-use assets23,530 23,171 Other assets and deferred charges913 287 Total assets$43,928 $43,213 LiabilitiesCurrent liabilities$3,758 $3,748 Long-term operating lease liabilities25,387 24,762 Other deferred liabilities and credits12,665 10,116 Total liabilities$41,810 $38,626 Unconsolidated VIEsArray manages the operations of and holds a variable interest in certain other limited partnerships, but is not the primary beneficiary of these entities, and therefore does not consolidate them into the Array financial statements under the variable interest model.Array’s total investment in these unconsolidated entities was $0.9 million and $4.7 million at September 30, 2025 and December 31, 2024, respectively, and is included in Investments in unconsolidated entities in Array’s Consolidated Balance Sheet. The maximum exposure from unconsolidated VIEs is limited to the investment held by Array in those entities. Other Related MattersArray made no contributions, loans or advances to its VIEs totaling during the nine months ended September 30, 2025 and $8.6 million during the nine months ended September 30, 2024.

Note 12 Business Segment Information As of September 30, 2025, the wireless operations and select spectrum assets sold to T-Mobile qualified as discontinued operations. See Note 2 — Discontinued Operations for additional information. The wireless operations and select spectrum assets sold were reported within the Wireless segment in prior periods and as a result of the sale, the previously reported Wireless and Towers segments no longer meet the criteria to be reportable segments and Array is now a single reportable segment. Array generates its revenues by leasing tower space on Array-owned towers to other wireless carriers. Array's chief operating decision maker is