Company: UZF
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000821130-25-000070
Chunk: 17

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 2
Chunk 17
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, net707 196 620 590 (Gain) loss on license sales and exchanges, net(1,323)(2,200)(6,123)4,360 Short-term imputed spectrum lease income(30,413)— (30,413)— Adjusted EBITDA (Non-GAAP)85,081 34,214 142,229 97,460 Deduct:Equity in earnings of unconsolidated entities69,811 43,109 147,453 123,445 Interest and dividend income8,909 3,552 15,267 9,076 Other, net254 — 253 — Adjusted OIBDA (Non-GAAP)6,107 (12,447)(20,744)(35,061)Deduct:Depreciation, amortization and accretion11,868 12,237 35,860 35,058 Expenses related to strategic alternatives review489 1,253 2,349 19,913 Loss on impairment of licenses47,679 136,234 47,679 136,234 (Gain) loss on asset disposals, net707 196 620 590 (Gain) loss on license sales and exchanges, net(1,323)(2,200)(6,123)4,360 Operating income (loss) (GAAP)$(53,313)$(160,167)$(101,129)$(231,216)

14

Application of Critical Accounting Policies and Estimates

Array prepares its consolidated financial statements in accordance with GAAP. Array’s significant accounting policies are discussed in detail in Note 1 — Summary of Significant Accounting Policies, Note 2 — Revenue Recognition and Note 11 — Leases in the Notes to Consolidated Financial Statements included in Array's Form 10-K for the year ended December 31, 2024. Array’s application of critical accounting policies and estimates is discussed in detail in Management’s Discussion and Analysis of Financial Condition and Results of Operations, included in Array’s Form 10-K for the year ended December 31, 2024.

Wireless Spectrum License Impairment 

Wireless spectrum licenses are considered to be indefinite-lived assets, and therefore, are not amortized but are tested for impairment annually or more frequently if there are events or circumstances that cause Array to believe that their carrying values exceed their fair values. Wireless spectrum licenses are tested for impairment at the level of reporting