Company: UZF
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0000821130-25-000032
Chunk: 23

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 2
Chunk 23
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 interest expense on variable-rate debt.

The following table presents the scheduled principal payments on long-term debt, lease obligations, and the related weighted average interest rates by maturity dates at March 31, 2025.

Principal Payments Due by PeriodLong-Term Debt Obligations1Weighted-Avg. Interest Rates on Long-Term Debt Obligations2(Dollars in millions)Remainder of 2025$17 6.1 %2026228 5.9 %2027158 6.0 %2028286 6.4 %20295 6.9 %Thereafter2,224 6.1 %Total$2,918 6.1 %

1The total long-term debt obligation differs from Long-term debt in the Consolidated Balance Sheet due to unamortized debt issuance costs on all non-revolving debt instruments and unamortized discounts related to the 6.7% Senior Notes. The 2025 amount includes repayment of $2 million of outstanding borrowings under the receivables securitization agreement. If the maturity date of the facility is not extended, principal repayments begin in October 2025. If the T-Mobile transaction is consummated, UScellular expects to repay outstanding borrowings under certain long-term debt obligations.

2Represents the weighted average stated interest rates at March 31, 2025, for debt maturing in the respective periods.

See Note 3 — Fair Value Measurements in the Notes to Consolidated Financial Statements for additional information related to the fair value of UScellular’s Long-term debt as of March 31, 2025. 

26

Financial Statements

United States Cellular Corporation

Consolidated Statement of Operations

(Unaudited)

Three Months EndedMarch 31,20252024(Dollars and shares in millions, except per share amounts)Operating revenuesService$741 $754 Equipment sales150 196 Total operating revenues891 950 Operating expensesSystem operations (excluding Depreciation, amortization and accretion reported below)176 182 Cost of equipment sold178 216 Selling, general and administrative332 331 Depreciation, amortization and accretion163 165 (Gain) loss on asset disposals, net2 6 (Gain) loss on license sales and exchanges, net(1)(1)Total operating expenses850 899 Operating income41 51 Other income (expense