Company: UZF
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000821130-25-000070
Chunk: 46

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 2
Chunk 46
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 for a new 15-year term commencing on August 1, 2025. In addition, the MLA provides terms and conditions for T-Mobile, at its option, to revert certain equipment back to Array and would make Array responsible for any decommissioning, remediation, restoration, or disposal costs of such assets.Following the close of the transaction, TDS entered into a transition services agreement (TSA) with T-Mobile to provide ongoing services and support. The TSA is primarily between TDS and T-Mobile and does not materially impact the Array consolidated financial statements.

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The carrying amounts of the major classes of assets and liabilities that transferred in the sale did not meet the criteria to be classified as held for sale in the historical Consolidated Balance Sheet as of December 31, 2024. However, during the three months ended September 30, 2025, Array met the criteria to classify the wireless operations and select spectrum assets sold to T-Mobile as discontinued operations, and therefore, the major classes of assets and liabilities are presented as discontinued operations in the historical Consolidated Balance Sheet, as follows:December 31, 2024(Dollars in thousands)AssetsAccounts receivable, net$942,177 Inventory, net178,700 Prepaid expenses39,147 Other current assets3,008 Total current assets of discontinued operations1,163,032 Licenses1,297,720 Property, plant and equipment, net2,117,517 Operating lease right-of-use assets461,213 Other assets and deferred charges622,619 Total non-current assets of discontinued operations4,499,069 Total assets of discontinued operations$5,662,101 LiabilitiesCurrent portion of long-term debt$224 Accounts payable204,861 Customer deposits and deferred revenues236,053 Accrued taxes2,836 Accrued compensation3,032 Short-term operating lease liabilities125,137 Other current liabilities99,432 Total current liabilities of discontinued operations671,575 Long-term operating lease liabilities326,406 Other deferred liabilities and credits348,545 Long-term debt, net1,635,709 Total non-current liabilities of discontinued operations2,310,660 Total liabilities of discontinued operations$2,982,235 

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Net income (loss) from discontinued operations in the Consolidated Statement of Operations consists of the following:Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024