Company research
ARRAY DIGITAL INFRASTRUCTURE, INC.
CIK 821130Updated Sep 24, 2026
Name history
UNITED STATES CELLULAR CORP · through Jul 25, 2025
AD price & chart
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NYSE:AD on TradingView ↗About the company
Array Digital Infrastructure, Inc. is a leading owner and operator of shared wireless communications infrastructure in the United States. Array owns 4,456 cell towers in 19 states and enables the deployment of 5G and other wireless technologies throughout the country. As of June 30, 2026, Telephone and Data Systems, Inc. owned approximately 81.9% of Array.
In the news
Recent filings
Show 5 more recent filings
Results of Operations and Financial Condition
Items 2.02, 9.01
Completion of Acquisition or Disposition of Assets · Other Events
Items 2.01, 8.01, 9.01
Submission of Matters to a Vote of Security Holders
Items 5.07
4 filing
10-Q filing
Financials
FY 2025 · USDSource
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Source
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 4,678,088,000Source | 10,449,000,000Source | 10,750,000,000Source | 11,119,000,000Source |
| Property, Plant and Equipment, NetUSD | 388,999,000Source | 2,502,000,000Source | 2,576,000,000Source | 2,624,000,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 113,400,000Source | 144,000,000Source | 150,000,000Source | 273,000,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | — | 905,000,000Source | 900,000,000Source | 985,000,000Source |
| Inventory, NetUSD | — | 179,000,000Source | 199,000,000Source | 261,000,000Source |
| Assets, CurrentUSD | 144,787,000Source | 1,345,000,000Source | 1,400,000,000Source | 1,723,000,000Source |
| Operating Lease, Right-of-Use AssetUSD | 472,995,000Source | 926,000,000Source | 915,000,000Source | 918,000,000Source |
| Other Assets, NoncurrentUSD | 24,837,000Source | 643,000,000Source | 690,000,000Source | 686,000,000Source |
| LIABILITIES AND EQUITY | ||||
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 88,074,000Source | 88,000,000Source | 88,000,000Source | 88,000,000Source |
| Additional Paid in CapitalUSD | 1,795,369,000Source | 1,783,000,000Source | 1,726,000,000Source | 1,703,000,000Source |
| Retained Earnings (Accumulated Deficit)USD | 769,789,000Source | 2,818,000,000Source | 2,892,000,000Source | 2,861,000,000Source |
| Stockholders' Equity Attributable to ParentUSD | 2,567,626,000Source | 4,577,000,000Source | 4,626,000,000Source | 4,554,000,000Source |
| Liabilities and EquityUSD | 4,678,088,000Source | 10,449,000,000Source | 10,750,000,000Source | 11,119,000,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 199,988,000Source | 884,000,000Source | 901,000,000Source | 1,195,000,000Source |
| Operating Lease, Liability, CurrentUSD | 15,294,000Source | 141,000,000Source | 135,000,000Source | 133,000,000Source |
| Operating Lease, Liability, NoncurrentUSD | 509,876,000Source | 822,000,000Source | 831,000,000Source | 843,000,000Source |
| Deferred Income Tax Liabilities, NetUSD | 387,030,000Source | 728,000,000Source | 755,000,000Source | 708,000,000Source |
| Other Liabilities, NoncurrentUSD | 336,379,000Source | 570,000,000Source | 565,000,000Source | 604,000,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 6,931,000Source | 15,000,000Source | 16,000,000Source | 16,000,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 382,043,000Source | 728,000,000Source | 755,000,000Source | 708,000,000Source |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | 5,900,000Source | 14,000,000Source | 14,000,000Source | 14,000,000Source |
| Restricted Cash and Investments, CurrentUSD | 0Source | 15,000,000Source | 29,000,000Source | 35,000,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 69,193,000Source | -32,000,000Source | 58,000,000Source | 35,000,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 39,100,000Source | 644,000,000Source | 637,000,000Source | 682,000,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 1,819,000Source | 55,000,000Source | 23,000,000Source | 24,000,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 6,628,000Source | 11,000,000Source | -17,000,000Source | 59,000,000Source |
| Increase (Decrease) in InventoriesUSD | — | -21,000,000Source | -62,000,000Source | 88,000,000Source |
| Deferred Income Tax Expense (Benefit)USD | -37,733,000Source | -27,000,000Source | 47,000,000Source | 33,000,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 200,836,000Source | 883,000,000Source | 866,000,000Source | 832,000,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 2,437,764,000Source | -556,000,000Source | -721,000,000Source | -1,179,000,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | -1,301,000Source | -1,000,000Source | -17,000,000Source | 0Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 27,200,000Source | 537,000,000Source | 608,000,000Source | 602,000,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 64,176,000Source | 13,000,000Source | 6,000,000Source | 5,000,000Source |
| Payments for Repurchase of Common StockUSD | 21,360,000Source | 54,000,000Source | 0Source | 43,000,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -2,684,342,000Source | -347,000,000Source | -274,000,000Source | 456,000,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | -8,000,000Source | -3,000,000Source | 0Source | -1,000,000Source |
| Repayments of Long-term DebtUSD | 875,250,000Source | 248,000,000Source | 453,000,000Source | 329,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -45,742,000Source | -20,000,000Source | -129,000,000Source | 109,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 113,400,000Source | 159,000,000Source | 179,000,000Source | 308,000,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 26,773,000Source | 180,000,000Source | 189,000,000Source | 154,000,000Source |
| Income Taxes Paid, NetUSD | 251,771,000Source | 36,000,000Source | 3,000,000Source | -116,000,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | — | 55,000,000Source | 23,000,000Source | 24,000,000Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | 9,203,000Source | 19,000,000Source | 19,000,000Source | 17,000,000Source |
| Depreciation, Amortization and Accretion, NetUSD | 48,262,000Source | 665,000,000Source | 656,000,000Source | 700,000,000Source |
| Gain (Loss) on Disposition of Intangible AssetsUSD | 6,123,000Source | -3,000,000Source | 2,000,000Source | 0Source |
| Gain (Loss) on InvestmentsUSD | — | — | — | 0Source |
| Gain (Loss) on Disposition of BusinessUSD | 47,700,000Source | 0Source | 0Source | 1,000,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -1,746,000Source | -18,000,000Source | -17,000,000Source | -19,000,000Source |
| Impairment of Intangible Assets (Excluding Goodwill)USD | 47,679,000Source | 136,000,000Source | 0Source | 3,000,000Source |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)USD | 47,679,000Source | 136,000,000Source | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | 169,652,000Source | — | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 172,267,000Source | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -103,074,000Source | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | -120,896,000Source | — | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | 173,754,000Source | 161,000,000Source | 158,000,000Source | 158,000,000Source |
| Income Tax Expense (Benefit)USD | -31,148,000Source | 10,000,000Source | 53,000,000Source | 37,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | 48,756,000Source | -39,000,000Source | 54,000,000Source | 30,000,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 20,437,000Source | 7,000,000Source | 4,000,000Source | 5,000,000Source |
| Nonoperating Income (Expense)USD | 233,651,000Source | -10,000,000Source | -28,000,000Source | 3,000,000Source |
| Operating ExpensesUSD | 255,493,000Source | 3,782,000,000Source | 3,767,000,000Source | 4,100,000,000Source |
| Operating Lease, Lease IncomeUSD | 154,654,000Source | 103,000,000Source | 101,000,000Source | 93,000,000Source |
| Other Nonoperating Income (Expense)USD | 169,000Source | — | — | — |
| Proceeds from Issuance of Long-term DebtUSD | 325,000,000Source | 40,000,000Source | 315,000,000Source | 800,000,000Source |
| Proceeds from Stock Options ExercisedUSD | 730,000Source | 2,000,000Source | — | — |
| Restricted Cash and Investments, CurrentUSD | 0Source | 15,000,000Source | 29,000,000Source | 35,000,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | — | 3,667,000,000Source | 3,805,000,000Source | 4,076,000,000Source |
| Cost of RevenueUSD | 79,485,000Source | — | — | — |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | 84,444,000Source | 1,330,000,000Source | 1,368,000,000Source | 1,408,000,000Source |
| Operating Income (Loss)USD | -92,532,000Source | -12,000,000Source | 139,000,000Source | 69,000,000Source |
| Other Nonoperating Income (Expense)USD | 169,000Source | — | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 141,119,000Source | -22,000,000Source | 111,000,000Source | 72,000,000Source |
| Income Tax Expense (Benefit)USD | -31,148,000Source | 10,000,000Source | 53,000,000Source | 37,000,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 20,437,000Source | 7,000,000Source | 4,000,000Source | 5,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | 48,756,000Source | -39,000,000Source | 54,000,000Source | 30,000,000Source |
| Earnings Per Share, BasicUSD per share | 0.57Source | -0.46Source | 0.64Source | 0.35Source |
| Earnings Per Share, DilutedUSD per share | 0.56Source | -0.46Source | 0.63Source | 0.35Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 85,908,000Source | 86,000,000Source | 85,000,000Source | 85,000,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 87,293,000Source | 86,000,000Source | 87,000,000Source | 86,000,000Source |
| Additional Financial Items | ||||
| Gain (Loss) on InvestmentsUSD | — | — | — | 0Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | 169,652,000Source | — | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 172,267,000Source | — | — | — |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | 1.98Source | — | — | — |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | 1.94Source | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -103,074,000Source | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | -120,896,000Source | — | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | 173,754,000Source | 161,000,000Source | 158,000,000Source | 158,000,000Source |
| Interest ExpenseUSD | 28,222,000Source | 183,000,000Source | 196,000,000Source | 163,000,000Source |
| Net Income (Loss) from Continuing Operations Available to Common Shareholders, BasicUSD | 169,652,000Source | — | — | — |
| Nonoperating Income (Expense)USD | 233,651,000Source | -10,000,000Source | -28,000,000Source | 3,000,000Source |
| Operating ExpensesUSD | 255,493,000Source | 3,782,000,000Source | 3,767,000,000Source | 4,100,000,000Source |
| Operating Lease, Lease IncomeUSD | 154,654,000Source | 103,000,000Source | 101,000,000Source | 93,000,000Source |
Filing attachments
arrayq220268kex991.htm · 8-K · 2026-08-07
EX-99.1 2 arrayq220268kex991.htm EX-99.1 Document Exhibit 99.1 NEWS RELEASE As previously announced, Array will hold a teleconference on August 7, 2026, at 9:00 a.m. CT. Listen to the call live via the Events & Presentations page of investors.arrayinc.com. Array reports second quarter 2026 results Array updates 2026 guidance CHICAGO (August 7, 2026) - Array Digital Infrastructure, Inc. (NYSE:AD) reported second quarter operating results. “Array continues to make nice progress executin…
Read attachment ↗ad8-k2026verizonex991.htm · 8-K · 2026-06-01
EX-99.1 2 ad8-k2026verizonex991.htm EX-99.1 Document Exhibit 99.1 Array completes sale of select spectrum assets to Verizon for $1.0 billion Board declares special dividend of $11.00 per share CHICAGO (June 1, 2026) - Array Digital Infrastructure, Inc. (NYSE: AD) (ArraySM) today announced the successful closing of the previously announced agreement with Verizon (NYSE: VZ) to sell a portion of the Company’s retained spectrum licenses for total consideration of $1.0 billion. Additionally,…
Read attachment ↗arrayq120268kex991.htm · 8-K · 2026-05-08
EX-99.1 2 arrayq120268kex991.htm EX-99.1 Document Exhibit 99.1 NEWS RELEASE As previously announced, Array will hold a teleconference on May 8, 2026, at 9:00 a.m. CT. Listen to the call live via the Events & Presentations page of investors.arrayinc.com. Array reports first quarter 2026 results Array reaffirms 2026 guidance CHICAGO (May 8, 2026) - Array Digital Infrastructure, Inc. (NYSE:AD) reported first quarter operating results. “Array is executing on its 2026 priorities,” said Ant…
Read attachment ↗array2026offerletterex991.htm · 8-K · 2026-05-08
EX-99.1 2 array2026offerletterex991.htm EX-99.1 Document Exhibit 99.1 Array Digital Infrastructure Forms Special Committee of Independent Directors in Response to Receipt of Non-Binding Proposal from TDS CHICAGO (May 8, 2026) - Array Digital Infrastructure, Inc. (NYSE: AD) (“Array” or the “Company”) confirmed today that its board of directors (the “Board”) has received a non-binding proposal, dated May 7, 2026, from Telephone and Data Systems, Inc. (NYSE: TDS) (“TDS”) to acquire all of th…
Read attachment ↗arrayq420258-kex991.htm · 8-K · 2026-02-20
EX-99.1 2 arrayq420258-kex991.htm EX-99.1 Document Exhibit 99.1 NEWS RELEASE As previously announced, Array will hold a teleconference on February 20, 2026, at 9:00 a.m. CST. Listen to the call live via the Events & Presentations page of investors.arrayinc.com. Array reports fourth quarter and full year 2025 results Array issues 2026 guidance CHICAGO (February 20, 2026) - Array Digital Infrastructure, Inc. SM (NYSE:AD) reported fourth quarter and full year 2025 operating results. “Aft…
Read attachment ↗ad8-k2026attex991.htm · 8-K · 2026-01-13
EX-99.1 2 ad8-k2026attex991.htm EX-99.1 Document Exhibit 99.1 Array completes sale of select spectrum assets to AT&T for $1.018 billion Board declares special dividend of $10.25 per share CHICAGO (January 13, 2026) - Array Digital Infrastructure, Inc. SM (NYSE: AD) (ArraySM) today announced the successful closing of the previously announced agreement with AT&T (NYSE: T) to sell a portion of the Company’s retained spectrum licenses for total consideration of $1.018 billion. The transacti…
Read attachment ↗