Company: UZF
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000821130-25-000051
Chunk: 128

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1A
Chunk 128
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(5)7 Total operating expenses881 891 1,731 1,789 Operating income35 36 76 88 Other income (expense)Equity in earnings of unconsolidated entities42 38 78 80 Interest and dividend income4 3 6 6 Interest expense(45)(45)(84)(91)Total other income (expense)1 (4)— (5)Income before income taxes36 32 76 83 Income tax expense4 14 24 41 Net income32 18 52 42 Less: Net income attributable to noncontrolling interests, net of tax1 1 2 7 Net income attributable to Array shareholders$31 $17 $50 $35 Basic weighted average shares outstanding86 86 85 86 Basic earnings per share attributable to Array shareholders$0.37 $0.20 $0.58 $0.41 Diluted weighted average shares outstanding88 88 88 88 Diluted earnings per share attributable to Array shareholders$0.36 $0.20 $0.57 $0.40 

The accompanying notes are an integral part of these consolidated financial statements.

31

Array Digital Infrastructure, Inc.

Consolidated Statement of Cash Flows

(Unaudited)

Six Months EndedJune 30,20252024(Dollars in millions)Cash flows from operating activitiesNet income$52 $42 Add (deduct) adjustments to reconcile net income to net cash flows from operating activitiesDepreciation, amortization and accretion325 329 Bad debts expense43 46 Stock-based compensation expense29 25 Deferred income taxes, net(9)11 Equity in earnings of unconsolidated entities(78)(80)Distributions from unconsolidated entities88 80 (Gain) loss on asset disposals, net4 11 (Gain) loss on license sales and exchanges, net(5)7 Other operating activities3 3 Changes in assets and liabilities from operationsAccounts receivable(21)(1)Equipment installment plans receivable44 5 Inventory52 57 Accounts payable(4)— Customer deposits and deferred revenues(13)6 Accrued taxes10 20 Accrued interest— (1)Other assets and liabilities(35)(44)Net cash provided by operating activities485