Company: UZF
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000821130-25-000023
Chunk: 75

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 75
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 1,216 (8)%(19)%Selling, general and administrative1,298 1,334 1,376 (3)%(3)%Depreciation, amortization and accretion620 610 655 1 %(7)%Loss on impairment of licenses136 — 3 N/MN/M(Gain) loss on asset disposals, net17 19 19 (11)%3 %(Gain) loss on sale of business and other exit costs, net— — (1)N/MN/M(Gain) loss on license sales and exchanges, net3 (2)— N/MN/MTotal operating expenses3,757 3,743 4,075 —(8)%Operating income (loss)$(90)$62 $1 N/MN/MAdjusted OIBDA (Non-GAAP)2$719 $697 $677 3 %3 %Adjusted EBITDA (Non-GAAP)2$719 $697 $677 3 %3 %Capital expenditures3$554 $580 $689 (5)%(16)%

N/M - Percentage change not meaningful

1UScellular recorded an adjustment to correct a prior period error related to the recognition of discounts for certain Prepaid customers, which decreased Service revenue by $5 million in 2023. This adjustment was not material to any of the periods impacted.

2Refer to Supplemental Information Relating to Non-GAAP Financial Measures within this MD&A for a reconciliation of this measure.

3Refer to Liquidity and Capital Resources within this MD&A for additional information on Capital expenditures.

32

Index to MD&A

Operating Revenues

(Dollars in millions)

Service revenues consist of:  

▪Retail Service – Postpaid and prepaid charges for voice, data and value-added services and cost recovery surcharges 

▪Other Service – Amounts received from the Federal USF, inbound roaming, miscellaneous other service revenues and Internet of Things (IoT) 

Equipment revenues consist of: 

▪Sales of wireless devices and related accessories to new and existing customers, agents, and third-party distributors 

33

Index to MD&A

Key components of changes in the statement of operations line items were as follows: 

2024-2023 Commentary

Total operating revenues

Retail service revenues decreased in 2024 primarily as a result of a decrease in average postpaid and prepaid connections, partially offset