Cash flow Array Digital Infrastructure, Inc.

Stocks

US9116841084

Wireless Telecommunications Services

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39.60 ^USD	-0.47%		-21.87%	-26.00%

Jun. 01	Array Digital Infrastructure, Inc. Declares Special Dividend, Payable on June 25, 2026	CI
Jun. 01	Array Digital Completes $1 Billion Sale of Spectrum Licenses to Verizon	MT

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Published financial data: ARRAY DIGITAL INFRASTRUCTURE, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	4.12B	4.17B	3.91B	3.77B	163M
Total Revenues	4.12B	4.17B	3.91B	3.77B	163M
Cost of Goods Sold, Total	1.91B	1.97B	1.73B	1.63B	79.48M
Gross Profit	2.21B	2.2B	2.18B	2.14B	83.48M
Selling General & Admin Expenses, Total	1.34B	1.41B	1.37B	1.33B	84.44M
Depreciation & Amortization - (IS)	678M	700M	656M	665M	48.26M
Other Operating Expenses, Total	2.02B	2.11B	2.02B	2B	133M
Operating Income	191M	90M	154M	145M	-49.23M
Interest Expense, Total	-175M	-163M	-196M	-183M	-28.22M
Interest And Investment Income	6M	8M	10M	12M	18.92M
Net Interest Expenses	-169M	-155M	-186M	-171M	-9.3M
Income (Loss) On Equity Invest.	179M	158M	158M	161M	174M
Other Non Operating Income (Expenses)	-	-	-	-	69.2M
EBT, Excl. Unusual Items	201M	93M	126M	135M	184M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-21M	-18M	-15M	-21M	4.38M
Asset Writedown	-	-3M	-	-136M	-47.68M
EBT, Incl. Unusual Items	180M	72M	111M	-22M	141M
Income Tax Expense	20M	37M	53M	10M	-31.15M
Earnings From Continuing Operations	160M	35M	58M	-32M	172M
Earnings Of Discontinued Operations	-	-	-	-	-121M
Net Income to Company	160M	35M	58M	-32M	51.37M
Minority Interest	-5M	-5M	-4M	-7M	-2.62M
Net Income - (IS)	155M	30M	54M	-39M	48.76M
Net Income to Common Incl Extra Items	155M	30M	54M	-39M	48.76M
Net Income to Common Excl. Extra Items	155M	30M	54M	-39M	170M
Per Share Items
Net EPS - Basic	1.8	0.35	0.64	-0.45	0.57
Basic EPS - Continuing Operations	1.8	0.35	0.64	-0.45	1.97
Basic Weighted Average Shares Outstanding	86M	85M	85M	86M	85.91M
Net EPS - Diluted	1.77	0.35	0.63	-0.46	0.56
Diluted EPS - Continuing Operations	1.77	0.35	0.63	-0.46	1.94
Diluted Weighted Average Shares Outstanding	87M	86M	87M	86M	87.29M
Normalized Basic EPS	1.4	0.62	0.88	0.9	1.31
Normalized Diluted EPS	1.39	0.62	0.86	0.9	1.29
Supplemental Items
EBITDA	869M	790M	810M	810M	-968K
EBITA	191M	90M	173M	164M	-40.03M
EBIT	191M	90M	154M	145M	-49.23M
EBITDAR	1.06B	989M	1.01B	1.02B	57.1M
Total Revenues (As Reported)	4.12B	4.17B	3.91B	3.77B	163M
Effective Tax Rate - (Ratio)	11.11	51.39	47.75	-45.45	-22.07
Current Domestic Taxes	-21M	4M	6M	36M	6.58M
Total Current Taxes	-21M	4M	6M	36M	6.58M
Deferred Domestic Taxes	41M	33M	47M	-26M	-37.73M
Total Deferred Taxes	41M	33M	47M	-26M	-37.73M
Normalized Net Income	121M	53.12M	74.75M	77.38M	113M
Interest Capitalized	-	-	-	-	-
Supplemental Operating Expense Items
Advertising Expense	184M	171M	181M	182M	-
Selling and Marketing Expenses	-	-	-	-	-
Net Rental Expense, Total	191M	199M	203M	211M	58.07M
Imputed Operating Lease Interest Expense	73.96M	64.99M	77.01M	78.68M	8.93M
Imputed Operating Lease Depreciation	117M	134M	126M	132M	49.13M
Stock-Based Comp., COGS (Total)	4M	4M	4M	7M	-
Stock-Based Comp., SG&A Exp. (Total)	23M	20M	19M	48M	-
Stock-Based Comp., Other (Total)	-	-	-	-	1.82M
Total Stock-Based Compensation	27M	24M	23M	55M	1.82M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	156M	273M	150M	144M	113M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	156M	273M	150M	144M	113M
Accounts Receivable, Total	983M	989M	903M	906M	7.42M
Other Receivables	186M	87M	55M	49M	14.24M
Total Receivables	1.17B	1.08B	958M	955M	21.66M
Inventory	173M	261M	199M	179M	-
Prepaid Expenses	58M	68M	57M	46M	3.22M
Restricted Cash	43M	35M	29M	15M	-
Other Current Assets, Total	24M	36M	22M	6M	6.52M
Total Current Assets	1.62B	1.75B	1.42B	1.34B	145M
Gross Property Plant And Equipment	10.02B	10.25B	10.48B	9.31B	1.55B
Accumulated Depreciation	-6.45B	-6.71B	-6.98B	-5.88B	-690M
Net Property Plant And Equipment	3.56B	3.54B	3.49B	3.43B	862M
Long-term Investments	439M	452M	461M	454M	413M
Goodwill	-	-	-	-	-
Other Intangibles, Total	4.09B	4.69B	4.69B	4.58B	1.64B
Accounts Receivable Long-Term	374M	469M	484M	436M	-
Deferred Tax Assets Long-Term	-	-	-	-	-
Deferred Charges Long-Term	126M	131M	127M	132M	-
Other Long-Term Assets, Total	126M	86M	79M	75M	1.62B
Total Assets	10.34B	11.12B	10.75B	10.45B	4.68B
Liabilities
Accounts Payable, Total	360M	356M	248M	242M	38.4M
Accrued Expenses, Total	134M	137M	133M	137M	4.32M
Short-term Borrowings	-	60M	-	-	-
Current Portion of Long-Term Debt	3M	13M	20M	22M	4.06M
Current Portion of Leases	129M	133M	135M	141M	15.29M
Current Income Taxes Payable	33M	35M	32M	30M	16.88M
Other Current Liabilities	244M	461M	333M	312M	121M
Total Current Liabilities	903M	1.2B	901M	884M	200M
Long-Term Debt	2.72B	3.18B	3.04B	2.83B	670M
Long-Term Leases	892M	846M	834M	826M	510M
Deferred Tax Liability Non Current	674M	708M	755M	728M	387M
Other Non Current Liabilities	573M	604M	565M	570M	336M
Total Liabilities	5.77B	6.54B	6.1B	5.84B	2.1B
Common Stock, Total	88M	88M	88M	88M	88.07M
Additional Paid In Capital	1.68B	1.7B	1.73B	1.78B	1.8B
Retained Earnings	2.85B	2.86B	2.89B	2.82B	770M
Treasury Stock	-68M	-98M	-80M	-112M	-85.61M
Total Common Equity	4.55B	4.55B	4.63B	4.58B	2.57B
Minority Interest	27M	28M	28M	31M	6.93M
Total Equity	4.57B	4.58B	4.65B	4.61B	2.57B
Total Liabilities And Equity	10.34B	11.12B	10.75B	10.45B	4.68B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	85.88M	84.69M	85M	85M	86.4M
ECS Total Common Shares Outstanding	86M	85M	85M	85M	86.38M
Book Value / Share	52.87	53.58	54.42	53.85	29.72
Tangible Book Value	459M	-136M	-67M	-2M	925M
Tangible Book Value Per Share	5.34	-1.6	-0.79	-0.02	10.71
Total Debt	3.75B	4.24B	4.03B	3.82B	1.2B
Net Debt	3.59B	3.96B	3.88B	3.68B	1.09B
Debt Equivalent Oper. Leases	1.53B	1.59B	1.62B	1.69B	465M
Minority Interest, Total (Incl. Fin. Div)	27M	28M	28M	31M	6.93M
Equity Method Investments, Total	431M	439M	448M	440M	400M
Account Code - Inventory Valuation	5	5	5	5	5
Land - (BS)	37M	37M	41M	47M	44.26M
Buildings, Total	293M	281M	281M	279M	-
Machinery, Total	5.5B	5.57B	5.66B	4.36B	-
Full Time Employees	4.8K	4.9K	4.3K	4.1K	60
Accumulated Allowance for Doubtful Accounts (Supple)	57M	70M	66M	63M	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	155M	30M	54M	-39M	48.76M
Depreciation & Amortization - CF	678M	700M	637M	646M	39.06M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	19M	19M	9.2M
Depreciation & Amortization, Total	678M	700M	656M	665M	48.26M
(Gain) Loss From Sale Of Asset	21M	18M	15M	21M	-4.38M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	3M	-	136M	47.68M
(Income) Loss On Equity Investments - (CF)	-3M	-13M	-8M	8M	41.84M
Stock-Based Compensation (CF)	27M	24M	23M	55M	1.82M
Provision and Write-off of Bad Debts	56M	132M	104M	97M	1.69M
Net Cash From Discontinued Operations	-	-	-	-	126M
Other Operating Activities, Total	79M	47M	57M	-15M	87.06M
Change In Accounts Receivable	-143M	-258M	-3M	-48M	-6.63M
Change In Inventories	-27M	-88M	62M	21M	-
Change In Accounts Payable	-57M	12M	-85M	-19M	-9.34M
Change In Income Taxes	-41M	121M	-	-4M	-15.95M
Change in Other Net Operating Assets	57M	104M	-9M	5M	-166M
Cash from Operations	802M	832M	866M	883M	201M
Capital Expenditure	-724M	-602M	-608M	-537M	-27.2M
Divestitures	3M	8M	-	-	5.44M
Sale (Purchase) of Intangible assets	-1.32B	-585M	-130M	-20M	-4.18M
Investment in Marketable and Equity Securities, Total	3M	-	-	-	-
Other Investing Activities, Total	4M	-	17M	1M	2.46B
Cash from Investing	-2.04B	-1.18B	-721M	-556M	2.44B
Short Term Debt Issued, Total	-	110M	-	-	-
Long-Term Debt Issued, Total	1.34B	800M	315M	40M	325M
Total Debt Issued	1.34B	910M	315M	40M	325M
Short Term Debt Repaid, Total	-	-50M	-60M	-	-
Long-Term Debt Repaid, Total	-1.12B	-329M	-453M	-248M	-875M
Total Debt Repaid	-1.12B	-379M	-513M	-248M	-875M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-47M	-48M	-6M	-65M	-84.81M
Special Dividend Paid	-	-	-	-	-1.99B
Other Financing Activities, Total	-35M	-27M	-70M	-74M	-62.57M
Cash from Financing	142M	456M	-274M	-347M	-2.68B
Net Change in Cash	-1.09B	109M	-129M	-20M	-45.74M
Supplemental Items
Cash Interest Paid	143M	154M	189M	180M	26.77M
Cash Income Tax Paid (Refund)	6M	-116M	3M	36M	64.18M
Levered Free Cash Flow	-1.43B	-300M	-117M	178M	475M
Unlevered Free Cash Flow	-1.32B	-198M	5.25M	293M	493M
Change In Net Working Capital	99M	-209M	32M	-39M	-505M
Net Debt Issued / Repaid	224M	531M	-198M	-208M	-550M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	1.19	0.52	0.88	0.85	-0.41
Return on Total Capital	1.47	0.66	1.1	1.06	-0.61
Return On Equity %	3.55	0.76	1.26	-0.69	4.8
Return on Common Equity	3.46	0.66	1.18	-0.85	4.75
Margin Analysis
Gross Profit Margin %	53.71	52.72	55.76	56.76	51.22
SG&A Margin	32.63	33.77	35.02	35.28	51.82
EBITDA Margin %	21.08	18.95	20.74	21.49	-0.59
EBITA Margin %	4.63	2.16	4.43	4.35	-24.56
EBIT Margin %	4.63	2.16	3.94	3.85	-30.21
Income From Continuing Operations Margin %	3.88	0.84	1.48	-0.85	105.71
Net Income Margin %	3.76	0.72	1.38	-1.03	29.92
Net Avail. For Common Margin %	3.76	0.72	1.38	-1.03	104.11
Normalized Net Income Margin	2.93	1.27	1.91	2.05	69.13
Levered Free Cash Flow Margin	-34.69	-7.19	-3	4.73	291.51
Unlevered Free Cash Flow Margin	-32.04	-4.74	0.13	7.76	302.33
Asset Turnover
Asset Turnover	0.41	0.39	0.36	0.36	0.02
Fixed Assets Turnover	1.19	1.17	1.11	1.09	0.19
Receivables Turnover (Average Receivables)	4.31	4.23	4.14	4.17	37.57
Inventory Turnover (Average Inventory)	11.96	9.08	7.51	8.62	-
Short Term Liquidity
Current Ratio	1.8	1.46	1.57	1.52	0.72
Quick Ratio	1.47	1.13	1.23	1.24	0.68
Operating Cash Flow to Current Liabilities	0.89	0.7	0.96	1	1
Days Sales Outstanding (Average Receivables)	84.61	86.33	88.21	87.81	9.72
Days Outstanding Inventory (Average Inventory)	30.51	40.19	48.58	42.44	-
Average Days Payable Outstanding	70.45	63.46	66.16	55.7	171.86
Cash Conversion Cycle (Average Days)	44.67	63.05	70.63	74.55	-
Long Term Solvency
Total Debt/Equity	81.96	92.45	86.59	82.94	46.59
Total Debt / Total Capital	45.04	48.04	46.41	45.34	31.78
LT Debt/Equity	79.08	87.95	83.26	79.41	45.84
Long-Term Debt / Total Capital	43.46	45.7	44.62	43.4	31.27
Total Liabilities / Total Assets	55.77	58.79	56.71	55.9	44.97
EBIT / Interest Expense	1.09	0.55	0.79	0.79	-1.74
EBITDA / Interest Expense	6.06	6.07	5.17	5.58	2.02
(EBITDA - Capex) / Interest Expense	1.92	2.37	2.07	2.64	1.06
Total Debt / EBITDA	3.54	4.28	3.98	3.74	21.01
Net Debt / EBITDA	3.39	4.01	3.83	3.6	19.02
Total Debt / (EBITDA - Capex)	11.16	10.95	9.95	7.9	40.12
Net Debt / (EBITDA - Capex)	10.69	10.24	9.58	7.6	36.32
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	2.11	1.14	-6.31	-3.48	58.32
Gross Profit, 1 Yr. Growth %	-1.34	-0.72	-0.91	-1.74	178.85
EBITDA, 1 Yr. Growth %	-0.8	-9.09	2.53	0	-98.67
EBITA, 1 Yr. Growth %	-1.04	-52.88	61.68	-5.2	-64.09
EBIT, 1 Yr. Growth %	-1.04	-52.88	71.11	-5.84	-58.92
Earnings From Cont. Operations, 1 Yr. Growth %	-31.33	-78.12	65.71	-155.17	-314.09
Net Income, 1 Yr. Growth %	-32.31	-80.65	80	-172.22	-223.74
Normalized Net Income, 1 Yr. Growth %	-26.22	-55.96	40.71	3.51	461.04
Diluted EPS Before Extra, 1 Yr. Growth %	-32.44	-80.23	80	-173.02	-293.45
Accounts Receivable, 1 Yr. Growth %	5.93	0.61	-8.32	0.33	490.76
Inventory, 1 Yr. Growth %	18.49	50.87	-23.75	-10.05	-
Net Property, Plant and Equip., 1 Yr. Growth %	5.16	-0.65	-1.44	-1.8	1.5
Total Assets, 1 Yr. Growth %	6.82	7.52	-3.32	-2.8	-55.23
Tangible Book Value, 1 Yr. Growth %	-74.24	-129.63	-50.74	-97.02	-28.55
Common Equity, 1 Yr. Growth %	3.08	0.15	1.58	-1.06	-43.9
Cash From Operations, 1 Yr. Growth %	-35.17	3.74	4.09	1.96	-77.24
Capital Expenditures, 1 Yr. Growth %	-26.79	-16.85	1	-11.68	47.3
Levered Free Cash Flow, 1 Yr. Growth %	286.1	-79.05	-60.87	-252.03	410.11
Unlevered Free Cash Flow, 1 Yr. Growth %	339.66	-85.03	-102.65	5.47K	388.39
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	1.24	1.62	-2.66	-4.91	27.36
Gross Profit, 2 Yr. CAGR %	-0.54	-1.03	-0.82	-1.33	60.07
EBITDA, 2 Yr. CAGR %	2.2	-5.04	-3.45	1.26	-88.14
EBITA, 2 Yr. CAGR %	21.21	-31.71	-4.83	34.99	-41.96
EBIT, 2 Yr. CAGR %	21.21	-31.71	-10.21	26.93	-35.63
Earnings From Cont. Operations, 2 Yr. CAGR %	9.68	-61.24	-39.79	-4.38	353.48
Net Income, 2 Yr. CAGR %	10.48	-63.81	-40.98	14.02	-5.38
Normalized Net Income, 2 Yr. CAGR %	-0.1	-43	-21.28	20.68	135.29
Diluted EPS Before Extra, 2 Yr. CAGR %	10.87	-63.45	-40.34	14.64	392.44
Accounts Receivable, 2 Yr. CAGR %	1.88	3.23	-4.16	-4.09	-90.94
Inventory, 2 Yr. CAGR %	3.34	33.7	7.25	-17.19	-
Net Property, Plant and Equip., 2 Yr. CAGR %	7.12	2.22	-1.04	-1.62	-50.31
Total Assets, 2 Yr. CAGR %	12.55	7.17	1.96	-3.06	-34.03
Tangible Book Value, 2 Yr. CAGR %	-48.43	-72.37	-61.79	-87.87	271.65
Common Equity, 2 Yr. CAGR %	4.09	1.61	0.86	0.25	-25.5
Cash From Operations, 2 Yr. CAGR %	5.25	-17.99	3.91	3.02	-51.87
Capital Expenditures, 2 Yr. CAGR %	5.54	-21.98	-8.36	-5.55	-18.19
Levered Free Cash Flow, 2 Yr. CAGR %	128.24	-10.06	-71.37	-22.87	42.64
Unlevered Free Cash Flow, 2 Yr. CAGR %	153.35	-18.86	-93.7	21.65	48.19
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	1.29	1.2	-1.09	-2.93	-66.06
Gross Profit, 3 Yr. CAGR %	0.55	-0.6	-0.99	-1.13	-66.39
EBITDA, 3 Yr. CAGR %	3.23	-1.71	-2.58	-2.32	-89.3
EBITA, 3 Yr. CAGR %	8.39	-11.54	-3.58	-4.95	-23.67
EBIT, 3 Yr. CAGR %	8.39	-11.54	-7.25	-8.78	-18.22
Earnings From Cont. Operations, 3 Yr. CAGR %	-0.82	-35.92	-37.09	-41.52	70.1
Net Income, 3 Yr. CAGR %	1.1	-38.18	-38.22	-36.87	17.57
Normalized Net Income, 3 Yr. CAGR %	1.49	-23.97	-22.96	-13.76	28.47
Diluted EPS Before Extra, 3 Yr. CAGR %	0.96	-37.59	-37.82	-36.18	76.97
Accounts Receivable, 3 Yr. CAGR %	1.86	1.46	-0.91	-2.68	-80.4
Inventory, 3 Yr. CAGR %	6.8	17.23	10.87	1.14	-
Net Property, Plant and Equip., 3 Yr. CAGR %	17.42	4.46	0.98	-1.3	-37.57
Total Assets, 3 Yr. CAGR %	12.44	10.85	3.55	0.35	-25.07
Tangible Book Value, 3 Yr. CAGR %	-37.4	-57.13	-66.5	-83.67	89.5
Common Equity, 3 Yr. CAGR %	3.87	2.76	1.6	0.22	-17.39
Cash From Operations, 3 Yr. CAGR %	4.19	4.74	-11.21	3.26	-37.74
Capital Expenditures, 3 Yr. CAGR %	12.24	-2.52	-14.97	-9.48	-64.38
Levered Free Cash Flow, 3 Yr. CAGR %	1.69K	2.96	-31.85	-50.05	16.61
Unlevered Free Cash Flow, 3 Yr. CAGR %	162.81	-1.31	-74.05	-39.49	35.57
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	0.65	1.4	-0.31	-1.29	-47.37
Gross Profit, 5 Yr. CAGR %	0.6	1.04	0	-0.89	-48.23
EBITDA, 5 Yr. CAGR %	5.37	3.2	0.5	-0.53	-74.37
EBITA, 5 Yr. CAGR %	25.24	8.45	2.89	4.76	-26.99
EBIT, 5 Yr. CAGR %	30.22	8.45	0.53	2.21	-23.91
Earnings From Cont. Operations, 5 Yr. CAGR %	26.7	18.47	-18.77	-24.79	-5.86
Net Income, 5 Yr. CAGR %	26.42	20.11	-18.48	-21.03	-26.61
Normalized Net Income, 5 Yr. CAGR %	18.27	-0.51	-8.31	-8.54	-7.18
Diluted EPS Before Extra, 5 Yr. CAGR %	25.88	20.11	-18.2	-20.41	-5.83
Accounts Receivable, 5 Yr. CAGR %	7.78	4.28	-0.59	-0.88	-61.93
Inventory, 5 Yr. CAGR %	4.62	13.59	6.98	2.02	-
Net Property, Plant and Equip., 5 Yr. CAGR %	7.61	8.83	9.65	1.99	-23.96
Total Assets, 5 Yr. CAGR %	7.78	10.2	8.13	5.06	-13.54
Tangible Book Value, 5 Yr. CAGR %	-19.74	-37.74	-48.62	-74.13	-12.28
Common Equity, 5 Yr. CAGR %	4.58	4.37	2.66	1.75	-10.26
Cash From Operations, 5 Yr. CAGR %	9.87	12.15	4.08	4.05	-30.48
Capital Expenditures, 5 Yr. CAGR %	10.32	5.3	3.5	-3.75	-51.26
Levered Free Cash Flow, 5 Yr. CAGR %	91	17.26	242.16	-8.27	5.1
Unlevered Free Cash Flow, 5 Yr. CAGR %	59.76	25.12	-40.89	7.3	10.4

Cash flow Array Digital Infrastructure, Inc.

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