ARRAY DIGITAL INFRASTRUCTURE, INC.
For the period ended Mar 31, 2026. Filed May 8, 2026.
View on SEC.govAbout 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.
Mar 31, 2026 · Filed May 8, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheet
Consolidated Balance Sheet — Assets
| March 31, 2026 | December 31, 2025 | |
|---|---|---|
| (Dollars in thousands) | ||
| Current assets | ||
| Cash and cash equivalents | $253,638 | $113,400 |
| Accounts receivable | ||
| Affiliated | 1,883 | 7,420 |
| Other, less allowances of $2,393 and $3,090, respectively | 11,456 | 14,236 |
| Prepaid expenses | 3,273 | 3,216 |
| Other current assets | 3,813 | 6,515 |
| Total current assets | 274,063 | 144,787 |
| Non-current assets held for sale | 731,678 | 1,591,675 |
| Licenses | 1,642,039 | 1,642,187 |
| Investments in unconsolidated entities | 435,061 | 412,608 |
| Property, plant and equipment, net of accumulated depreciation of $698,485 and $690,007, respectively | 386,727 | 388,999 |
| Operating lease right-of-use assets | 473,383 | 472,995 |
| Other assets and deferred charges | 21,736 | 24,837 |
| Total assets1 | $3,964,687 | $4,678,088 |
Consolidated Balance Sheet — Liabilities and Equity
| March 31, 2026 | December 31, 2025 | |
|---|---|---|
| (Dollars and shares in thousands, except per share amounts) | ||
| Current liabilities | ||
| Current portion of long-term debt | $6,094 | $4,063 |
| Accounts payable | ||
| Affiliated | 6,373 | 10,503 |
| Trade | 26,122 | 27,892 |
| Customer deposits and deferred revenues | 45,213 | 85,945 |
| Accrued taxes | 131,650 | 16,884 |
| Accrued compensation | 558 | 4,322 |
| Short-term operating lease liabilities | 15,640 | 15,294 |
| Current liabilities of discontinued operations | 20,242 | 20,242 |
| Other current liabilities | 13,708 | 14,843 |
| Total current liabilities | 265,600 | 199,988 |
| Deferred liabilities and credits | ||
| Deferred income tax liability, net | 320,533 | 387,030 |
| Long-term operating lease liabilities | 511,639 | 509,876 |
| Other deferred liabilities and credits | 333,360 | 336,379 |
| Long-term debt, net | 668,499 | 670,258 |
| Commitments and contingencies | ||
| 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 86,443 shares (33,006 Series A Common and 53,437 Common Shares) and 86,380 shares (33,006 Series A Common and 53,374 Common Shares), respectively | ||
| Par Value ($1.00 per share) ($33,006 Series A Common and $55,068 Common Shares) | 88,074 | 88,074 |
| Additional paid-in capital | 1,795,691 | 1,795,369 |
| Treasury shares, at cost, 1,631 and 1,694 Common Shares, respectively | (84,129) | (85,606) |
| Retained earnings | 59,261 | 769,789 |
| Total Array shareholders' equity | 1,858,897 | 2,567,626 |
| Noncontrolling interests | 6,159 | 6,931 |
| Total equity | 1,865,056 | 2,574,557 |
| Total liabilities and equity1 | $3,964,687 | $4,678,088 |
1 The consolidated total assets as of March 31, 2026 and December 31, 2025, include assets held by current consolidated variable interest entities (VIEs) of $42.9 million and$45.0 million, respectively, which are not available to be used to settle the obligations of Array. The consolidated total liabilities as of March 31, 2026 and December 31, 2025, include certain liabilities of current consolidated VIEs of $10.8 million and $11.1 million, respectively, for which the creditors of the VIEs have no recourse to the general credit of Array. See Note 7 — Variable Interest Entities for additional information.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.