Company: UZF
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0000821130-25-000032
Chunk: 88

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1A
Chunk 88
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 results are not necessarily indicative of the results to be expected for the full year. UScellular has not changed its significant accounting and reporting policies from those disclosed in its Form 10-K for the year ended December 31, 2024.Restricted CashUScellular presents restricted cash with cash and cash equivalents in the Consolidated Statement of Cash Flows. Restricted cash primarily consists of balances required under the receivables securitization agreement. The following table provides a reconciliation of Cash and cash equivalents and restricted cash reported in the Consolidated Balance Sheet to the total of the amounts in the Consolidated Statement of Cash Flows.March 31, 2025December 31, 2024(Dollars in millions)Cash and cash equivalents$182 $144 Restricted cash included in Other current assets19 15 Cash, cash equivalents and restricted cash in the statement of cash flows$201 $159 

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Note 2 Revenue RecognitionDisaggregation of RevenueIn the following table, UScellular's revenues are disaggregated by type of service, which represents the relevant categorization of revenues for UScellular, and timing of recognition. Service revenues are recognized over time and Equipment sales are recognized at a point in time. Three Months EndedMarch 31,20252024(Dollars in millions)Revenues from contracts with customers:Retail service$660 $678 Other service54 51 Service revenues from contracts with customers714 729 Equipment sales150 196 Total revenues from contracts with customers1864 925 Operating lease income127 25 Total operating revenues$891 $950 1Total revenues from contracts with customers represents revenues related to the Wireless segment and Operating lease income represents revenues related to the Towers segment.Contract BalancesThe following table provides balances for contract assets from contracts with customers, which are recorded in Other current assets and Other assets and deferred charges in the Consolidated Balance Sheet, and contract liabilities from contracts with customers, which are recorded in Customer deposits and deferred revenues and Other deferred liabilities and credits in the Consolidated Balance Sheet. March 31, 2025December 31, 2024(Dollars in millions) Contract assets$4 $4 Contract liabilities$323 $334 Revenue recognized related to contract liabilities existing at January 1, 2025 was $118 million for the three months ended March 31, 2025.Transaction price allocated to the remaining performance obligationsThe following table includes estimated service revenues expected to