Company: UZF
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000821130-25-000051
Chunk: 176

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1
Chunk 176
---
 loss reported to the chief operating decision maker for purposes of assessing the segments' performance and making capital allocation decisions. Adjusted EBITDA is a non-GAAP financial measure that shows adjusted earnings before interest, taxes, depreciation, amortization and accretion, gains and losses, and expenses related to the strategic alternatives review of Array. Array believes Adjusted EBITDA is a useful measure of Array's operating results before significant recurring non-cash charges, gains and losses, and other items as presented below as it provides additional relevant and useful information to investors and other users of Array's financial data in evaluating the effectiveness of its operations and underlying business trends in a manner that is consistent with management's evaluation of business performance. Array's chief operating decision maker is the Array Chair. Financial data for Array's reportable segments for the three and six months ended June 30, 2025 and 2024, is as follows.Three Months Ended June 30, 2025WirelessTowersTotal(Dollars in millions) Revenues from external customers$888 $28 $916 Intersegment revenues— 34 34 888 62 950 Reconciliation of revenue:Elimination of intersegment revenues(34)Total operating revenues$916 Less1:Cost of services (excluding Depreciation, amortization and accretion reported below)197 20 Cost of equipment and products209 — Selling, general and administrative319 9 Expenses related to strategic alternatives review (included in Selling, general and administrative)(11)(1)Segment Adjusted EBITDA (Non-GAAP)$174 $34 $208 Reconciliation of Segment Adjusted EBITDA to Income before income taxes:Depreciation, amortization and accretion(163)Expenses related to strategic alternatives review (included in Selling, general and administrative)(12)Loss on asset disposals, net(2)Gain on license sales and exchanges, net4 Equity earnings of unconsolidated entities42 Interest and dividend income4 Interest expense(45)Income before income taxes$36 Other segment disclosuresThree Months Ended or as of June 30, 2025WirelessTowersSegment TotalArrayDepreciation, amortization and accretion$(151)$(12)$(163)Loss on asset disposals, net(2)— (2)Gain on license sales and exchanges, net4 — 4 Investments in unconsolidated