Company: UZF
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0000821130-25-000032
Chunk: 26

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 2
Chunk 26
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 Commitments and contingenciesNoncontrolling interests with redemption features16 16 EquityUScellular shareholders’ equitySeries A Common and Common SharesAuthorized 190 shares (50 Series A Common and 140 Common Shares)Issued 88 shares (33 Series A Common and 55 Common Shares)Outstanding 85 shares (33 Series A Common and 52 Common Shares) Par Value ($1.00 per share) ($33 Series A Common and $55 Common Shares)88 88 Additional paid-in capital1,800 1,783 Treasury shares, at cost, 3 Common Shares(125)(112)Retained earnings2,822 2,818 Total UScellular shareholders' equity4,585 4,577 Noncontrolling interests14 15 Total equity4,599 4,592 Total liabilities and equity1$10,365 $10,449 

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

1     The consolidated total assets as of March 31, 2025 and December 31, 2024, include assets held by consolidated variable interest entities (VIEs) of $1,050 million and $1,011 million, respectively, which are not available to be used to settle the obligations of UScellular. The consolidated total liabilities as of March 31, 2025 and December 31, 2024, include certain liabilities of consolidated VIEs of $26 million and $27 million, respectively, for which the creditors of the VIEs have no recourse to the general credit of UScellular. See Note 9 — Variable Interest Entities for additional information.

30

United States Cellular Corporation

Consolidated Statement of Changes in Equity

(Unaudited)

UScellular ShareholdersSeries ACommon andCommonsharesAdditionalpaid-incapitalTreasurysharesRetainedearningsTotalUScellularshareholders'equityNoncontrollinginterestsTotal equity(Dollars in millions)December 31, 2024$88 $1,783 $(112)$2,818 $4,577 $15 $4,592 Net income attributable to UScellular shareholders— — — 18 18 — 18 Net income attributable to noncontrolling interests classified as equity— — — — — 1 1 Repurchase of Common Shares— — (21)— (21)— (