Company: UZF
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000821130-25-000051
Chunk: 80

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 7
Chunk 80
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DA reduces this measure further to exclude Equity in earnings of unconsolidated entities and Interest and dividend income in order to more effectively show the performance of operating activities excluding investment activities. The following tables reconcile EBITDA, Adjusted EBITDA and Adjusted OIBDA to the corresponding GAAP measures, Net income and/or Operating income. Income and expense items below Operating income are not provided at the individual segment level for Wireless and Towers; therefore, the reconciliations begin with EBITDA and the most directly comparable GAAP measure is Operating income rather than Net income at the segment level.

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Three Months EndedJune 30,Six Months EndedJune 30,Array2025202420252024(Dollars in millions)Net income (GAAP)$32 $18 $52 $42 Add back:Income tax expense4 14 24 41 Interest expense45 45 84 91 Depreciation, amortization and accretion163 165 325 329 EBITDA (Non-GAAP)244 242 485 503 Add back or deduct:Expenses related to strategic alternatives review12 13 22 21 (Gain) loss on asset disposals, net2 5 4 11 (Gain) loss on license sales and exchanges, net(4)8 (5)7 Adjusted EBITDA (Non-GAAP)254 268 506 542 Deduct:Equity in earnings of unconsolidated entities42 38 78 80 Interest and dividend income4 3 6 6 Adjusted OIBDA (Non-GAAP)208 227 422 456 Deduct:Depreciation, amortization and accretion163 165 325 329 Expenses related to strategic alternatives review12 13 22 21 (Gain) loss on asset disposals, net2 5 4 11 (Gain) loss on license sales and exchanges, net(4)8 (5)7 Operating income (GAAP)$35 $36 $76 $88 

Three Months EndedJune 30,Six Months EndedJune 30,Array Wireless2025202420252024(Dollars in millions)  EBITDA (Non-GAAP)$165 $171 $336 $355 Add back or deduct:Expenses related to strategic alternatives review11 12 21 20