Company: UZF
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000821130-25-000070
Chunk: 47

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 2
Chunk 47
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(Dollars in thousands)Operating revenuesService$238,097 $721,735 $1,659,873 $2,167,771 Equipment sales70,989 174,855 401,106 554,810 Total operating revenues309,086 896,590 2,060,979 2,722,581 Operating expensesSystem operations (excluding Depreciation, amortization and accretion reported below)46,742 161,834 369,907 489,125 Cost of equipment sold80,665 202,924 467,645 630,172 Selling, general and administrative79,109 302,743 691,676 897,902 Depreciation, amortization and accretion50,468 155,743 351,274 462,966 (Gain) loss on asset disposals, net913 3,450 5,314 13,741 (Gain) loss on sale of business and other exit costs, net239,267 — 239,267 — Total operating expenses497,164 826,694 2,125,083 2,493,906 Operating income (loss)(188,078)69,896 (64,104)228,675 Other income (expense)Interest expense(15,255)(43,696)(91,714)(129,005)Other, net401 (51)190 (83)Total other income (expense)(14,854)(43,747)(91,524)(129,088)Income (loss) before income taxes(202,932)26,149 (155,628)99,587 Income tax expense (benefit)(72,440)8,829 (56,435)43,875 Net income (loss) from discontinued operations$(130,492)$17,320 $(99,193)$55,712 

Note 3 Fair Value Measurements As of September 30, 2025 and December 31, 2024, Array did not have any material financial or nonfinancial assets or liabilities that were required to be recorded at fair value in its Consolidated Balance Sheet in accordance with GAAP.The provisions of GAAP establish a fair value hierarchy that contains three levels for inputs used in fair value measurements. Level 1 inputs include quoted market prices for identical assets or liabilities in active markets. Level 2 inputs include quoted market prices for