For the quarter ending 2026-03-31, AD had $140,238K increase in cash & cash equivalents over the period. $10,004K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 |
|---|---|---|---|
| Net income from continuing operations | 180,024 | 172,267 | - |
| Depreciation and accretion | 12,604 | 48,262 | - |
| Bad debts expense | -264 | 1,689 | - |
| Stock-based compensation expense | 227 | 1,819 | - |
| Deferred income taxes, net | -62,256 | -37,733 | - |
| Equity in earnings of unconsolidated entities | 40,408 | 173,754 | - |
| Distributions from unconsolidated entities | 18,373 | 215,599 | - |
| Loss on impairment of licenses | - | 47,679 | - |
| (gain) loss on asset disposals, net | -904 | -1,746 | - |
| (gain) loss on license sales and exchanges, net | 156,635 | 6,123 | - |
| Other operating activities | -111 | 1,285 | - |
| Accounts receivable | -9,512 | 6,628 | - |
| Accounts payable | -7,329 | -9,339 | - |
| Customer deposits and deferred revenues | -33,349 | -65,025 | - |
| Accrued taxes | 112,171 | -15,954 | - |
| Accrued interest | 756 | - | - |
| Other assets and liabilities | 9,741 | 100,661 | - |
| Net cash provided by (used in) operating activities - continuing operations | 24,478 | 52,619 | 22,510 |
| Net cash provided by (used in) operating activities - discontinued operations | -652 | -254,681 | 380,388 |
| Net cash provided by operating activities | 23,826 | -202,062 | 402,898 |
| Cash paid for additions to property, plant and equipment | 13,822 | 8,603 | 18,597 |
| Cash paid for licenses | 0 | 0 | 4,175 |
| Cash received from divestitures | 1,018,044 | 0 | 5,439 |
| Other investing activities | - | 0 | -1,301 |
| Net cash provided by (used in) investing activities - continuing operations | 1,004,222 | -8,603 | -16,032 |
| Net cash used in investing activities - discontinued operations | 0 | 0 | 2,462,399 |
| Net cash provided by (used in) investing activities | 1,004,222 | -8,603 | 2,446,367 |
| Issuance of long-term debt | - | 0 | 325,000 |
| Repayment of long-term debt | 0 | 0 | 875,250 |
| Repayment of short-term debt | - | 0 | - |
| Tax withholdings, net of cash receipts, for array stock-based compensation awards | - | 63,446 | - |
| Tax withholdings, net of cash receipts, for stock-based compensation awards | 1,374 | - | 63,506 |
| Repurchase of common shares | 0 | 0 | 21,360 |
| Dividends paid to array shareholders | 885,472 | -3,973,438 | 1,986,719 |
| Payment of debt issuance costs | - | 12,086 | -5,668 |
| Distributions to noncontrolling interests | 964 | 801 | 26,811 |
| Other financing activities | 0 | -70 | -7,930 |
| Net cash used in financing activities - continuing operations | -887,810 | -1,561 | -2,662,244 |
| Net cash used in financing activities - discontinued operations | 0 | 0 | -20,537 |
| Net cash used in financing activities | -887,810 | -1,561 | -2,682,781 |
| Net increase in cash, cash equivalents and restricted cash | 140,238 | -212,226 | 166,484 |
| Beginning of period | -212,226 | - | 159,142 |
| End of period | -71,988 | - | 325,626 |
ARRAY DIGITAL INFRASTRUCTURE, INC. (AD)
ARRAY DIGITAL INFRASTRUCTURE, INC. (AD)