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Midas Edge

ARRAY DIGITAL INFRASTRUCTURE, INC.

For the period ended Sep 30, 2025. Filed Nov 7, 2025.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 7, 2025

AD$30.38+1.3%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheet

Consolidated Balance Sheet — Assets

September 30, 2025December 31, 2024
(Dollars in thousands)
Current assets
Cash and cash equivalents$325,626$143,730
Accounts receivable
Affiliated9,3561,256
Other, less allowances of $3,068 and $1,540, respectively10,32711,473
Prepaid expenses2,9817,060
Income taxes receivable—123
Current assets of discontinued operations—1,163,032
Other current assets3,95418,196
Total current assets352,2441,344,870
Non-current assets held for sale1,585,25812
Non-current assets of discontinued operations—4,499,069
Licenses1,648,6043,281,508
Investments in unconsolidated entities452,174453,938
Property, plant and equipment
In service and under construction1,070,6311,037,645
Less: Accumulated depreciation and amortization683,797653,624
Property, plant and equipment, net386,834384,021
Operating lease right-of-use assets477,744465,274
Other assets and deferred charges15,46920,289
Total assets1$4,918,327$10,448,981

Consolidated Balance Sheet — Liabilities and Equity

September 30, 2025December 31, 2024
(Dollars and shares in thousands, except per share amounts)
Current liabilities
Current portion of long-term debt$2,031$22,000
Accounts payable
Affiliated10,6959,722
Trade58,46226,732
Customer deposits and deferred revenues122,0901,716
Accrued taxes289,83627,077
Accrued compensation4,62089,476
Short-term operating lease liabilities15,60016,133
Current liabilities of discontinued operations20,242671,575
Other current liabilities15,45319,340
Total current liabilities539,029883,771
Non-current liabilities of discontinued operations—2,310,660
Deferred liabilities and credits
Deferred income tax liability, net320,689728,229
Long-term operating lease liabilities513,421495,736
Other deferred liabilities and credits336,135221,376
Long-term debt, net671,9021,201,725
Commitments and contingencies
Noncontrolling interests with redemption features—15,831
Equity
Array shareholders’ equity
Series A Common and Common Shares
Authorized 190,000 shares (50,000 Series A Common and 140,000 Common Shares)
Issued 88,074 shares (33,006 Series A Common and 55,068 Common Shares)
Outstanding 86,380 shares (33,006 Series A Common and 53,374 Common Shares) and 85,094 shares (33,006 Series A Common and 52,088 Common Shares), respectively
Par Value ($1.00 per share) ($33,006 Series A Common and $55,068 Common Shares)88,07488,074
Additional paid-in capital1,795,0351,782,219
Treasury shares, at cost, 1,694 and 2,980 Common Shares, respectively(85,618)(111,589)
Retained earnings732,3332,818,002
Total Array shareholders' equity2,529,8244,576,706
Noncontrolling interests7,32714,947
Total equity2,537,1514,591,653
Total liabilities and equity1$4,918,327$10,448,981

1 The consolidated total assets as of September 30, 2025 and December 31, 2024, include assets held by current consolidated variable interest entities (VIEs) of $43.9 million and$193.4 million, respectively, which are not available to be used to settle the obligations of Array. The consolidated total liabilities as of September 30, 2025 and December 31, 2024, include certain liabilities of current consolidated VIEs of $10.8 million and $24.6 million, respectively, for which the creditors of the VIEs have no recourse to the general credit of Array. See Note 11 — Variable Interest Entities for additional information.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.