Company: UZF
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000821130-25-000051
Chunk: 158

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1
Chunk 158
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Table of Contents

Financial Statements

Array Digital Infrastructure, Inc.

Consolidated Statement of Operations

(Unaudited)

Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024(Dollars and shares in millions, except per share amounts)Operating revenuesService$736 $743 $1,477 $1,497 Equipment sales180 184 330 380 Total operating revenues916 927 1,807 1,877 Operating expensesSystem operations (excluding Depreciation, amortization and accretion reported below)183 180 359 362 Cost of equipment sold209 211 387 427 Selling, general and administrative328 322 661 653 Depreciation, amortization and accretion163 165 325 329 (Gain) loss on asset disposals, net2 5 4 11 (Gain) loss on license sales and exchanges, net(4)8 (5)7 Total operating expenses881 891 1,731 1,789 Operating income35 36 76 88 Other income (expense)Equity in earnings of unconsolidated entities42 38 78 80 Interest and dividend income4 3 6 6 Interest expense(45)(45)(84)(91)Total other income (expense)1 (4)— (5)Income before income taxes36 32 76 83 Income tax expense4 14 24 41 Net income32 18 52 42 Less: Net income attributable to noncontrolling interests, net of tax1 1 2 7 Net income attributable to Array shareholders$31 $17 $50 $35 Basic weighted average shares outstanding86 86 85 86 Basic earnings per share attributable to Array shareholders$0.37 $0.20 $0.58 $0.41 Diluted weighted average shares outstanding88 88 88 88 Diluted earnings per share attributable to Array shareholders$0.36 $0.20 $0.57 $0.40 

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

31

Table of Contents

Array Digital Infrastructure, Inc.

Consolidated Statement of Cash Flows

(Unaudited)

Six Months EndedJune 30,20252024(Dollars in millions)Cash