← ARRAY DIGITAL INFRASTRUCTURE, INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $48.0m
$12.0m -75.00%
$150.0m +1150.00%
$127.0m -15.33%
$229.0m +80.31%
$155.0m -32.31%
$30.0m -80.65%
$54.0m +80.00%
($39.0m) -172.22%
$48.8m +225.02%
—
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $49.0m $15.0m $164.0m $133.0m $233.0m $160.0m $35.0m $58.0m ($32.0m) $69.2m —
Net Income (Loss) Attributable to Noncontrolling Interest $1.0m $3.0m $14.0m $6.0m $4.0m $5.0m $5.0m $4.0m $7.0m $20.4m —
Depreciation, Depletion and Amortization $607.0m $604.0m $627.0m $689.0m $669.0m $662.0m $682.0m $637.0m $644.0m $39.1m $51.3m
Amortization of Debt Issuance Costs and Discounts $2.0m $2.0m ($1.0m) ($1.0m) ($38.0m) ($22.0m) ($1.0m) ($1.0m) $0 ($6.4m) —
Depreciation, Amortization and Accretion, Net $618.0m $615.0m $640.0m $702.0m $683.0m $678.0m $700.0m $656.0m $665.0m $48.3m $51.3m
Deferred Income Tax Expense (Benefit) $6.0m ($365.0m) ($3.0m) ($4.0m) $130.0m $41.0m $33.0m $47.0m ($27.0m) ($37.7m) ($240.0m)
Share-based Payment Arrangement, Noncash Expense $26.0m $30.0m $37.0m $41.0m $32.0m $27.0m $24.0m $23.0m $55.0m $1.8m $665k
Payment, Tax Withholding, Share-based Payment Arrangement $6.0m $4.0m $11.0m $10.0m $11.0m $16.0m $5.0m $6.0m $13.0m $64.2m —
Share-based Payment Arrangement, Expense $26.0m $30.0m $37.0m $41.0m $32.0m $27.0m $24.0m $23.0m $55.0m — $665k
Goodwill, Impairment Loss — $370.0m — — — — — — — — $49.1m
Goodwill and Intangible Asset Impairment — $370.0m $0 $0 — — — — — — —
Impairment of Intangible Assets (Excluding Goodwill) — — — — — — $3.0m $0 $136.0m $47.7m —
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) — — — — — — — — $136.0m $47.7m —
Income (Loss) from Equity Method Investments $140.0m $137.0m $159.0m $166.0m $179.0m $179.0m $158.0m $158.0m $161.0m $173.8m —
Nonoperating Income (Expense) $85.0m $32.0m $57.0m $73.0m $77.0m $10.0m $3.0m ($28.0m) ($10.0m) $233.7m —
Other Nonoperating Income (Expense) $1.0m — ($1.0m) $0 $0 — — — — $169k —
Changes in operating assets and liabilities:
Increase (Decrease) in Accounts Receivable $23.0m $68.0m $39.0m $46.0m $8.0m $27.0m $59.0m ($17.0m) $11.0m $6.6m $8.0m
Accounts Receivable, Credit Loss Expense (Reversal) $96.0m $89.0m $95.0m $107.0m $72.0m $56.0m $132.0m $104.0m $97.0m $1.7m $8.0m
Increase (Decrease) in Inventories ($8.0m) — $4.0m $20.0m ($16.0m) $27.0m $88.0m ($62.0m) ($21.0m) — $16.0m
Net Cash Provided by (Used in) Operating Activities $501.0m
$469.0m -6.39%
$709.0m +51.17%
$724.0m +2.12%
$1.2b +70.86%
$802.0m -35.17%
$832.0m +3.74%
$866.0m +4.09%
$883.0m +1.96%
$200.8m -77.26%
$62.0m -69.12%
Cash flows from investing activities:
Gain (Loss) on Disposition of Property Plant Equipment ($22.0m) ($17.0m) ($10.0m) ($19.0m) ($25.0m) ($23.0m) ($19.0m) ($17.0m) ($18.0m) ($1.7m) ($732.5m)
Payments to Acquire Property, Plant, and Equipment $443.0m $465.0m $512.0m $650.0m $989.0m $724.0m $602.0m $608.0m $537.0m $27.2m ($35.4m)
Gain (Loss) on Investments — — — — $2.0m $0 $0 — — — —
Payments to Acquire Investments — $50.0m $17.0m $11.0m $3.0m $0 — — — — —
Restricted Cash and Investments, Current — — $3.0m $6.0m $20.0m $43.0m $35.0m $29.0m $15.0m $0 —
Payments for (Proceeds from) Other Investing Activities — — $1.0m $7.0m ($3.0m) ($4.0m) $0 ($17.0m) ($1.0m) ($1.3m) —
Net Cash Provided by (Used in) Investing Activities ($618.0m) ($683.0m) ($464.0m) ($864.0m) ($1.2b) ($2.0b) ($1.2b) ($721.0m) ($556.0m) $2.4b $2.2b
Cash flows from financing activities:
Repayments of Long-term Debt $11.0m $14.0m $19.0m $116.0m $108.0m $1.1b $329.0m $453.0m $248.0m $875.2m ($863.2m)
Proceeds from Issuance of Long-term Debt $0 $0 $0 $0 $1.1b $1.3b $800.0m $315.0m $40.0m $325.0m $325.0m
Payments for Repurchase of Common Stock $5.0m $0 $0 $21.0m $23.0m $31.0m $43.0m $0 $54.0m $21.4m —
Proceeds from (Payments for) Other Financing Activities $1.0m ($1.0m) ($7.0m) ($2.0m) ($2.0m) ($10.0m) ($1.0m) $0 ($3.0m) ($8.0m) —
Net Cash Provided by (Used in) Financing Activities ($12.0m)
($20.0m) -66.67%
($14.0m) +30.00%
($152.0m) -985.71%
$926.0m +709.21%
$142.0m -84.67%
$456.0m +221.13%
($274.0m) -160.09%
($347.0m) -26.64%
($2.7b) -673.59%
($4.4b) -65.21%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($129.0m) ($234.0m) $231.0m ($292.0m) $1.0b ($1.1b) $109.0m ($129.0m) ($20.0m) ($45.7m) $416.4m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($129.0m) $352.0m $583.0m $291.0m $1.3b $199.0m $308.0m $179.0m $159.0m $113.4m $416.4m
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Proceeds from Stock Options Exercised $12.0m $5.0m $29.0m $1.0m $0 $0 — — $2.0m $730k —
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities — — $113.0m $107.0m $105.0m $143.0m $154.0m $189.0m $180.0m $26.8m —
Income Taxes Paid, Net ($11.0m) $55.0m $90.0m $78.0m ($38.0m) $6.0m ($116.0m) $3.0m $36.0m $251.8m —
Additional Financial Items
Asset Retirement Obligation, Accretion Expense $11.0m $12.0m $12.0m $14.0m $14.0m $16.0m $17.0m $19.0m $19.0m $9.2m —
Gain (Loss) on Disposition of Intangible Assets $19.0m $22.0m $18.0m $0 $5.0m $0 $0 $2.0m ($3.0m) $6.1m —
Gain (Loss) on Disposition of Business — $1.0m $0 $1.0m $0 $2.0m $1.0m $0 $0 $47.7m —
Goodwill $370.0m $0 — — — — — — — — $49.1m
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent — — — — — — — $8.4m ($80.5m) $169.7m —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — — — $8.4m ($80.5m) $172.3m —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — — — $49.5m $48.9m ($103.1m) —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent — — — — — — — $49.5m $48.9m ($120.9m) —
Income Tax Expense (Benefit) $33.0m ($287.0m) $51.0m $52.0m $17.0m $20.0m $37.0m $53.0m $10.0m ($31.1m) —
Operating Expenses $3.9b $4.2b $3.8b $3.9b $3.9b $4.0b $4.1b $3.8b $3.8b $255.5m —
Operating Lease, Lease Income — — — $74.0m $77.0m $83.0m $93.0m $101.0m $103.0m $154.7m —

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.