Company: UZF
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000821130-25-000051
Chunk: 164

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1
Chunk 164
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 Statement of Comprehensive Income was not included because comprehensive income for the three and six months ended June 30, 2025 and 2024, equaled net income. These results are not necessarily indicative of the results to be expected for the full year. Array 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 CashArray 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.June 30, 2025December 31, 2024(Dollars in millions)Cash and cash equivalents$386 $144 Restricted cash included in Other current assets15 15 Cash, cash equivalents and restricted cash in the statement of cash flows$401 $159 

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Note 2 Revenue RecognitionDisaggregation of RevenueIn the following table, Array's revenues are disaggregated by type of service, which represents the relevant categorization of revenues for Array, and timing of recognition. Service revenues are recognized over time and Equipment sales are recognized at a point in time. Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024(Dollars in millions)Revenues from contracts with customers:Retail service$652 $666 $1,312 $1,344 Other service56 52 109 102 Service revenues from contracts with customers708 718 1,421 1,446 Equipment sales180 184 330 380 Total revenues from contracts with customers1888 902 1,751 1,826 Operating lease income128 25 56 51 Total operating revenues$916 $927 $1,807 $1,877 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.