Company: UZF
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000821130-25-000070
Chunk: 54

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 2
Chunk 54
---
 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 

40

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 30, 2025 were as follows:Asset Retirement Obligations(Dollars in thousands)Balance at December 31, 2024$174,825 Additional liabilities accrued168 Revisions in estimated cash outflows16,882 Disposition of assets(166)Accretion expense6,581 Balance at September 30, 2025$198,290 

Note 10 Debt Revolving Credit AgreementArray has an unsecured revolving credit agreement with a maximum borrowing capacity of $300.0 million. Amounts under the agreement may be borrowed, repaid and reborrowed from time to time until maturity. In April 2025, Array amended the revolving credit