← 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
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 $150.0m $127.0m $229.0m $155.0m $30.0m $54.0m ($39.0m) $48.8m
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
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)
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
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
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)
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
Goodwill, Impairment Loss — $370.0m — — — — — — — —
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 —
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
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)
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
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
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 Lease, Lease Income — — — $74.0m $77.0m $83.0m $93.0m $101.0m $103.0m $154.7m
Other Nonoperating Income (Expense) $1.0m — ($1.0m) $0 $0 — — — — $169k
Changes in operating assets and liabilities:
Additional Financial Items
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
Increase (Decrease) in Inventories ($8.0m) — $4.0m $20.0m ($16.0m) $27.0m $88.0m ($62.0m) ($21.0m) —
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
Proceeds from Stock Options Exercised $12.0m $5.0m $29.0m $1.0m $0 $0 — — $2.0m $730k
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 Investments — — — — $2.0m $0 $0 — — —
Goodwill $370.0m $0 — — — — — — — —
Nonoperating Income (Expense) $85.0m $32.0m $57.0m $73.0m $77.0m $10.0m $3.0m ($28.0m) ($10.0m) $233.7m
Operating Expenses $3.9b $4.2b $3.8b $3.9b $3.9b $4.0b $4.1b $3.8b $3.8b $255.5m
Net Cash Provided by (Used in) Operating Activities $501.0m $469.0m $709.0m $724.0m $1.2b $802.0m $832.0m $866.0m $883.0m $200.8m
Cash flows from investing activities:
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
Payments to Acquire Investments — $50.0m $17.0m $11.0m $3.0m $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
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $0 $0 $0 $0 $1.1b $1.3b $800.0m $315.0m $40.0m $325.0m
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
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) ($14.0m) ($152.0m) $926.0m $142.0m $456.0m ($274.0m) ($347.0m) ($2.7b)
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)
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
Restricted Cash and Investments, Current — — $3.0m $6.0m $20.0m $43.0m $35.0m $29.0m $15.0m $0
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

Data sourced from SEC EDGAR 10-K filings via EdgarTools. 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.