Company: UZF
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000821130-25-000051
Chunk: 57

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 2
Chunk 57
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 operating revenues$1,877 Less1:Cost of services (excluding Depreciation, amortization and accretion reported below)390 37 Cost of equipment and products427 — Selling, general and administrative637 16 Expenses related to strategic alternatives review (included in Selling, general and administrative)(20)(1)Segment Adjusted EBITDA (Non-GAAP)$392 $64 $456 Reconciliation of Segment Adjusted EBITDA to Income before income taxes:Depreciation, amortization and accretion(329)Expenses related to strategic alternatives review (included in Selling, general and administrative)(21)Loss on asset disposals, net(11)Loss on license sales and exchanges, net(7)Equity earnings of unconsolidated entities80 Interest and dividend income6 Interest expense(91)Income before income taxes$83 Other segment disclosuresSix Months Ended June 30, 2024WirelessTowersSegment TotalDepreciation, amortization and accretion$(308)$(21)$(329)Loss on asset disposals, net(10)(1)(11)Loss on license sales and exchanges, net(7)— (7)Capital expenditures$286 $9 $295 1The significant segment expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. Intersegment expenses are included within the amounts shown.2This item is not included in the evaluation of operating performance of the Wireless and Towers segments, and therefore is reported for "Array".3Assets are not provided at the individual segment level for Wireless and Towers, and therefore are reported for "Array". The Array segments operate under a common capital structure, and management has historically considered its assets collectively as part of a combined wireless network.

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Note 11 Subsequent EventsThe following events occurred subsequent to June 30, 2025 and are not reflected in the financial results, statements, or footnotes (unless otherwise explicitly stated) for the three and six months ended June 30, 2025.▪On July 14, 2025, Array completed the acquisition of King Street Wireless, Inc. and Sunshine Spectrum, Inc. for a total purchase price of $17 million, of which $10 million was paid in prior periods and $7 million was paid at time of closing. Following the acquisitions, King Street Wireless, King Street Wireless, Inc., Advantage Spectrum and Sunshine Spectrum, Inc.,