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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities    
Net income (loss) $ (43,368) $ (33,642)
Net income (loss) from discontinued operations (132,150) 68,153
Net income (loss) from continuing operations 88,782 (101,795)
Add (deduct) adjustments to reconcile net income (loss) to net cash flows from operating activities    
Depreciation, amortization and accretion 262,095 240,880
Bad debts expense 5,951 5,586
Stock-based compensation expense 22,336 12,494
Deferred income taxes, net (80,486) (43,957)
Equity in earnings of unconsolidated entities (149,309) (125,117)
Distributions from unconsolidated entities 149,732 106,458
Loss on impairment of licenses 47,679 136,234
(Gain) loss on asset disposals, net 8,524 8,898
(Gain) loss on sale of business and other exit costs, net (6,032) (11,733)
(Gain) loss on license sales and exchanges, net (6,123) 4,360
Other operating activities 19,451 3,004
Changes in assets and liabilities from operations    
Accounts receivable (8,023) 8,744
Inventory 14 (1,648)
Accounts payable 29,225 (49,151)
Customer deposits and deferred revenues (31,105) 267
Accrued taxes (22,974) 10,579
Accrued interest (3,741) 5,266
Other assets and liabilities (101,156) (63,473)
Net cash provided by operating activities - continuing operations 224,840 145,896
Net cash provided by operating activities - discontinued operations 345,473 787,214
Net cash provided by operating activities 570,313 933,110
Cash flows from investing activities    
Cash paid for additions to property, plant and equipment (262,059) (269,198)
Cash paid for licenses (4,175) (16,563)
Cash received from divestitures 29,389 90,503
Other investing activities 3,168 628
Net cash provided by (used in) investing activities - continuing operations (233,677) (194,630)
Net cash provided by (used in) investing activities - discontinued operations 2,462,399 (385,077)
Net cash provided by (used in) investing activities 2,228,722 (579,707)
Cash flows from financing activities    
Issuance of long-term debt 325,000 440,000
Repayment of long-term debt (1,961,844) (408,301)
Tax withholdings, net of cash receipts, for TDS stock-based compensation awards (1,234) (10,599)
Tax withholdings, net of cash receipts, for Array stock-based compensation awards (63,506) (11,522)
Repurchase of TDS Common Shares (40,697) 0
Repurchase of Array Common Shares (21,360) (25,628)
Dividends paid to TDS shareholders (65,801) (82,503)
Array dividends paid to noncontrolling public shareholders 358,579 0
Payment of debt issuance costs (6,459) (16,157)
Distributions to noncontrolling interests (21,131) (4,060)
Cash paid for software license agreements (1,436) (725)
Other financing activities (7,481) (84)
Net cash used in financing activities - continuing operations (2,224,528) (119,579)
Net cash used in financing activities - discontinued operations (20,537) (31,578)
Net cash used in financing activities (2,245,065) (151,157)
Net increase in cash, cash equivalents and restricted cash 553,970 202,246
Cash, cash equivalents and restricted cash    
Beginning of period 383,222 269,308
End of period $ 937,192 $ 471,554