Company: UZF
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000821130-25-000051
Chunk: 20

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 2
Chunk 20
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(Gain) loss on asset disposals, net2 5 3 10 (Gain) loss on license sales and exchanges, net(4)8 (5)7 Adjusted EBITDA and Adjusted OIBDA (Non-GAAP)174 196 355 392 Deduct:Depreciation, amortization and accretion151 154 302 308 Expenses related to strategic alternatives review11 12 21 20 (Gain) loss on asset disposals, net2 5 3 10 (Gain) loss on license sales and exchanges, net(4)8 (5)7 Operating income (GAAP)$14 $17 $34 $47 

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Three Months EndedJune 30,Six Months EndedJune 30,Array Towers2025202420252024(Dollars in millions)  EBITDA (Non-GAAP)$33 $30 $65 $62 Add back or deduct:Expenses related to strategic alternatives review1 1 1 1 (Gain) loss on asset disposals— — 1 1 Adjusted EBITDA and Adjusted OIBDA (Non-GAAP)34 31 67 64 Deduct:Depreciation, amortization and accretion12 11 23 21 Expenses related to strategic alternatives review1 1 1 1 (Gain) loss on asset disposals, net— — 1 1 Operating income (GAAP)$21 $19 $42 $41 

Free Cash Flow

The following table presents Free cash flow, which is defined as Cash flows from operating activities less Cash paid for additions to property, plant and equipment and Cash paid for software license agreements. Free cash flow is a non-GAAP financial measure which Array believes may be useful to investors and other users of its financial information in evaluating liquidity, specifically, the amount of net cash generated by business operations after deducting Cash paid for additions to property, plant and equipment and Cash paid for software license agreements. 

Six Months EndedJune 30,20252024(Dollars in millions)Cash flows from operating activities (GAAP)$485 $516 Cash paid for additions to property, plant and equipment(147)(270)Cash paid for software license agreements(20)(20)Free cash flow (Non-GAAP)$318 $226 

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