Company: UZF
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000821130-25-000051
Chunk: 159

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1
Chunk 159
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 flows from operating activitiesNet income$52 $42 Add (deduct) adjustments to reconcile net income to net cash flows from operating activitiesDepreciation, amortization and accretion325 329 Bad debts expense43 46 Stock-based compensation expense29 25 Deferred income taxes, net(9)11 Equity in earnings of unconsolidated entities(78)(80)Distributions from unconsolidated entities88 80 (Gain) loss on asset disposals, net4 11 (Gain) loss on license sales and exchanges, net(5)7 Other operating activities3 3 Changes in assets and liabilities from operationsAccounts receivable(21)(1)Equipment installment plans receivable44 5 Inventory52 57 Accounts payable(4)— Customer deposits and deferred revenues(13)6 Accrued taxes10 20 Accrued interest— (1)Other assets and liabilities(35)(44)Net cash provided by operating activities485 516 Cash flows from investing activitiesCash paid for additions to property, plant and equipment(147)(270)Cash paid for licenses(4)(15)Other investing activities1 1 Net cash used in investing activities(150)(284)Cash flows from financing activitiesIssuance of long-term debt— 40 Repayment of long-term debt(12)(198)Tax withholdings, net of cash receipts, for stock-based compensation awards(36)(12)Repurchase of Common Shares(21)— Distributions to noncontrolling interests(2)(3)Cash paid for software license agreements(20)(20)Other financing activities(2)(3)Net cash used in financing activities(93)(196)Net increase in cash, cash equivalents and restricted cash242 36 Cash, cash equivalents and restricted cashBeginning of period159 179 End of period$401 $215 

The accompanying notes are an integral part of these consolidated financial statements.

32

Array Digital Infrastructure, Inc.

Consolidated Balance Sheet — Assets

(Unaudited)

June 30, 2025December 31, 2024(Dollars in millions)Current assetsCash and cash equivalents$386 $144 Accounts receivableCustomers and agents, less allowances of $55 and $63, respectively861 905 Affiliated1 1 Other, less allowances of $2 and $2, respectively60 49 Inventory, net126 179 Prepaid