Company: UZF
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000821130-25-000070
Chunk: 142

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1A
Chunk 142
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 GHz and 39 GHz frequency bands, the carrying value of which was $161.1 million as of September 30, 2024 after the impairment loss. The impairment loss was driven by a change in the units of accounting described above combined with lower fair value primarily attributed to high-band spectrum as a result of industry-wide challenges encountered related to the operationalization of this spectrum. 

Note 8 Investments in Unconsolidated Entities Investments in unconsolidated entities consist of amounts invested in entities in which Array holds a noncontrolling interest. Array’s Investments in unconsolidated entities are accounted for using the equity method, measurement alternative method or net asset value practical expedient method as shown in the table below. The carrying value of measurement alternative method investments represents cost minus any impairments plus or minus any observable price changes. September 30, 2025December 31, 2024(Dollars in thousands)Equity method investments$438,201 $440,534 Measurement alternative method investments5,362 4,847 Investments recorded using the net asset value practical expedient8,611 8,557 Total investments in unconsolidated entities$452,174 $453,938 The following table, which is based on unaudited information provided in part by third parties, summarizes the combined results of operations of Array’s equity method investments.Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024(Dollars in thousands)Revenues$1,878,201 $1,878,047 $5,719,348 $5,540,813 Operating expenses1,357,026 1,465,129 4,385,461 4,293,318 Operating income521,175 412,918 1,333,887 1,247,495 Other income (expense), net(17,052)1,018 (31,461)120 Net income$504,123 $413,936 $1,302,426 $1,247,615 

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Note 9 Asset Retirement ObligationsAsset retirement obligations are included in Other deferred liabilities and credits in the Consolidated Balance Sheet.During the three months ended September 30, 2025, Array performed a review of the assumptions and estimated future costs related to asset retirement obligations. The results of the review and other changes in asset retirement obligations during the nine months ended September