Below are the financial statements of Array Digital Infrastructure, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
All figures in millions of USD | 2024 | 2023 | 2022 |
---|---|---|---|
Operating revenues | — | — | — |
Service | 2,987a | 3,044a | 3,125a |
Equipment sales | 783a | 862a | 1,044a |
Total operating revenues | 3,770a | 3,906a | 4,169a |
Operating expenses | — | — | — |
System operations (excluding depreciation, amortization and accretion reported below) | -724a | -740a | -755a |
Cost of equipment sold | -906a | -988a | -1,216a |
Selling, general and administrative | -1,330a | -1,368a | -1,408a |
Depreciation, amortization and accretion | -665a | -656a | -700a |
Loss on impairment of licenses | -136a | 0a | -3a |
(Gain) loss on asset disposals, net | 18a | 17a | 19a |
(Gain) loss on sale of business and other exit costs, net | 0a | 0a | -1a |
(Gain) loss on license sales and exchanges, net | 3a | -2a | 0a |
Total operating expenses | -3,782a | -3,767a | -4,100a |
Operating income (loss) | -12a | 139a | 69a |
Investment and other income (expense) | — | — | — |
Equity in earnings of unconsolidated entities | 161a | 158a | 158a |
Interest and dividend income | 12a | 10a | 8a |
Interest expense | -183a | -196a | -163a |
Total investment and other income (expense) | -10a | -28a | 3a |
Income (loss) before income taxes | -22a | 111a | 72a |
Income tax expense | -10a | -53a | -37a |
Net income (loss) | -32a | 58a | 35a |
Less: Net income attributable to noncontrolling interests, net of tax | 7a | 4a | 5a |
Net income (loss) attributable to UScellular shareholders | -39a | 54a | 30a |
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