Company: UZF
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000821130-25-000070
Chunk: 75

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 7
Chunk 75
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 assets held for sale increased $1,585.2 million due to spectrum license transactions executed in 2024 and 2025. See Note 6 — Acquisitions and Divestitures in the Notes to Consolidated Financial Statements for additional information.

Non-current assets of discontinued operations

Non-current assets of discontinued operations decreased $4,499.1 million due to the sale of wireless operations to T-Mobile on August 1, 2025. See Note 2 —  Discontinued Operations in the Notes to Consolidated Financial Statements for additional information.

Licenses

Licenses decreased $1,632.9 million due primarily to the transfer of spectrum license related to transactions executed in 2024 and 2025 to Non-current assets held for sale. See Note 6 — Acquisitions and Divestitures in the Notes to Consolidated Financial Statements for additional information.

Current portion of long-term debt

Current portion of long-term debt decreased $20.0 million due primarily to the repayment of all outstanding debt on the term loan agreements and receivables securitization agreement.

Accounts payable, trade

Accounts payable, trade increased $31.7 million due primarily to the timing of tax and regulatory payments.

Customer deposits and deferred revenues

Customer deposits and deferred revenues increased $120.4 million due primarily to the deferral of a portion of the T-Mobile purchase price related to T-Mobile's use of certain spectrum assets at no cost for up to one year. See Note 2 — Discontinued Operations in the Notes to Consolidated Financial Statements for additional information.

Accrued taxes 

Accrued taxes increased $262.8 million due primarily to the taxable gain on the sale of wireless operations to T-Mobile on August 1, 2025, partially offset by the removal of customer billing tax liabilities due to the sale of wireless operations.

Accrued compensation

Accrued compensation decreased $84.9 million, due primarily to associate bonus payments in March 2025 and reduction of headcount related to the sale of wireless operations.

Current liabilities of discontinued operations

Current liabilities of discontinued operations decreased $651.3 million due to the sale of wireless operations to T-Mobile on August 1, 2025. See Note 2 — Discontinued Operations in the Notes to Consolidated Financial Statements for additional information.

Non-current liabilities of discontinued operations

Non-current liabilities of discontinued operations decreased $2,310.7 million due to the sale of wireless operations to T-Mobile on August 1, 2025. See Note 2