Company: UZF
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0000821130-25-000032
Chunk: 32

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 2
Chunk 32
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 of March 31, 2025 on a gross basis by year of origination were as follows:2022202320242025Total(Dollars in millions)Lowest Risk$82 $271 $475 $118 $946 Lower Risk4 17 48 16 85 Slight Risk— 2 9 5 16 Higher Risk— 1 5 1 7 Total$86 $291 $537 $140 $1,054 The write-offs, net of recoveries for the three months ended March 31, 2025 on a gross basis by year of origination were as follows:2022202320242025Total(Dollars in millions)Write-offs, net of recoveries$1 $5 $13 $— $19 Activity for the three months ended March 31, 2025 and 2024, in the allowance for credit losses for equipment installment plan receivables was as follows:March 31, 2025March 31, 2024(Dollars in millions)Allowance for credit losses, beginning of period$82 $90 Bad debts expense15 22 Write-offs, net of recoveries(19)(24)Allowance for credit losses, end of period$78 $88 

Note 5 Earnings Per Share Basic earnings per share attributable to UScellular shareholders is computed by dividing Net income attributable to UScellular shareholders by the weighted average number of Common Shares outstanding during the period. Diluted earnings per share attributable to UScellular shareholders is computed by dividing Net income attributable to UScellular shareholders by the weighted average number of Common Shares outstanding during the period adjusted to include the effects of potentially dilutive securities. Potentially dilutive securities primarily include incremental shares issuable upon the exercise of outstanding stock options and the vesting of performance and restricted stock units, as calculated using the treasury stock method.

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The amounts used in computing basic and diluted earnings per share attributable to UScellular shareholders were as follows:Three Months EndedMarch 31,20252024(Dollars and shares in millions, except per share amounts)Net income attributable to UScellular shareholders$18 $18 Weighted average number of shares used in basic earnings per share85 85 Effects of dilutive securities3 3 Weighted average number of shares used in diluted earnings per share88 88 Basic earnings per