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Business Segment Information | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Business Segment Information | Note 10 Business Segment Information Array has the following reportable segments: Wireless and Towers. Wireless generates its revenues by providing wireless services and equipment. Towers generates its revenues by leasing tower space on Array-owned towers to other wireless carriers. The Towers segment records rental revenue and the Wireless segment records a related expense when the Wireless segment uses company-owned towers to locate its network equipment, using estimated market pricing - this revenue and expense is eliminated in consolidation. Adjusted earnings before interest, taxes, depreciation, amortization and accretion (Adjusted EBITDA) is the segment measure of profit or loss reported to the chief operating decision maker for purposes of assessing the segments' performance and making capital allocation decisions. Adjusted EBITDA is a non-GAAP financial measure that shows adjusted earnings before interest, taxes, depreciation, amortization and accretion, gains and losses, and expenses related to the strategic alternatives review of Array. Array believes Adjusted EBITDA is a useful measure of Array's operating results before significant recurring non-cash charges, gains and losses, and other items as presented below as it provides additional relevant and useful information to investors and other users of Array's financial data in evaluating the effectiveness of its operations and underlying business trends in a manner that is consistent with management's evaluation of business performance. Array's chief operating decision maker is the Array Chair. Financial data for Array's reportable segments for th e three and six months ended June 30, 2025 and 2024, is as follows.
Three Months Ended June 30, 2025 | Wireless | Towers | Total
(Dollars in millions) |  |  |
Revenues from external customers | $ | 888 |  | $ | 28 |  | $ | 916 |
Intersegment revenues | — |  | 34 |  | 34 |
| 888 |  | 62 |  | 950 |
Reconciliation of revenue: |  |  |
Elimination of intersegment revenues |  |  | (34) |
Total operating revenues |  |  | $ | 916 |
Less 1: |  |  |
Cost of services (excluding Depreciation, amortization and accretion reported below) | 197 |  | 20 |  |
Cost of equipment and products | 209 |  | — |  |
Selling, general and administrative | 319 |  | 9 |  |
Expenses related to strategic alternatives review (included in Selling, general and administrative) | (11) |  | (1) |  |
Segment Adjusted EBITDA (Non-GAAP) | $ | 174 |  | $ | 34 |  | $ | 208 |
Reconciliation of Segment Adjusted EBITDA to Income before income taxes: |  |  |
Depreciation, amortization and accretion |  |  | (163) |
Expenses related to strategic alternatives review (included in Selling, general and administrative) |  |  | (12) |
Loss on asset disposals, net |  |  | (2) |
Gain on license sales and exchanges, net |  |  | 4 |
Equity earnings of unconsolidated entities |  |  | 42 |
Interest and dividend income |  |  | 4 |
Interest expense |  |  | (45) |
Income before income taxes |  |  | $ | 36 |
Other segment disclosures |  |  |  |
Three Months Ended or as of June 30, 2025 | Wireless | Towers | Segment Total | Array
Depreciation, amortization and accretion | $ | (151) |  | $ | (12) |  | $ | (163) |  |
Loss on asset disposals, net | (2) |  | — |  | (2) |  |
Gain on license sales and exchanges, net | 4 |  | — |  | 4 |  |
Investments in unconsolidated entities 2 |  |  |  | $ | 444 |
Total assets 3 |  |  |  | $ | 10,377 |
Capital expenditures | $ | 77 |  | $ | 3 |  | $ | 80 |  |
Three Months Ended June 30, 2024 | Wireless | Towers | Total
(Dollars in millions) |  |  |
Revenues from external customers | $ | 902 |  | $ | 25 |  | $ | 927 |
Intersegment revenues | — |  | 33 |  | 33 |
| 902 |  | 58 |  | 960 |
Reconciliation of revenue: |  |  |
Elimination of intersegment revenues |  |  | (33) |
Total operating revenues |  |  | $ | 927 |
Less 1: |  |  |
Cost of services (excluding Depreciation, amortization and accretion reported below) | 194 |  | 19 |  |
Cost of equipment and products | 211 |  | — |  |
Selling, general and administrative | 313 |  | 9 |  |
Expenses related to strategic alternatives review (included in Selling, general and administrative) | (12) |  | (1) |  |
Segment Adjusted EBITDA (Non-GAAP) | $ | 196 |  | $ | 31 |  | $ | 227 |
Reconciliation of Segment Adjusted EBITDA to Income before income taxes: |  |  |
Depreciation, amortization and accretion |  |  | (165) |
Expenses related to strategic alternatives review (included in Selling, general and administrative) |  |  | (13) |
Loss on asset disposals, net |  |  | (5) |
Loss on license sales and exchanges, net |  |  | (8) |
Equity earnings of unconsolidated entities |  |  | 38 |
Interest and dividend income |  |  | 3 |
Interest expense |  |  | (45) |
Income before income taxes |  |  | $ | 32 |
Other segment disclosures |  |  |  |
Three Months Ended or as of June 30, 2024 | Wireless | Towers | Segment Total | Array
Depreciation, amortization and accretion | $ | (154) |  | $ | (11) |  | $ | (165) |  |
Loss on asset disposals, net | (5) |  | — |  | (5) |  |
Loss on license sales and exchanges, net | (8) |  | — |  | (8) |  |
Investments in unconsolidated entities 2 |  |  |  | $ | 461 |
Total assets 3 |  |  |  | $ | 10,639 |
Capital expenditures | $ | 160 |  | $ | 5 |  | $ | 165 |  |
Six Months Ended June 30, 2025 | Wireless | Towers | Total
(Dollars in millions) |  |  |
Revenues from external customers | $ | 1,751 |  | $ | 56 |  | $ | 1,807 |
Intersegment revenues | — |  | 67 |  | 67 |
| 1,751 |  | 123 |  | 1,874 |
Reconciliation of revenue: |  |  |
Elimination of intersegment revenues |  |  | (67) |
Total operating revenues |  |  | $ | 1,807 |
Less 1: |  |  |
Cost of services (excluding Depreciation, amortization and accretion reported below) | 387 |  | 39 |  |
Cost of equipment and products | 387 |  | — |  |
Selling, general and administrative | 643 |  | 18 |  |
Expenses related to strategic alternatives review (included in Selling, general and administrative) | (21) |  | (1) |  |
Segment Adjusted EBITDA (Non-GAAP) | $ | 355 |  | $ | 67 |  | $ | 422 |
Reconciliation of Segment Adjusted EBITDA to Income before income taxes: |  |  |
Depreciation, amortization and accretion |  |  | (325) |
Expenses related to strategic alternatives review (included in Selling, general and administrative) |  |  | (22) |
Loss on asset disposals, net |  |  | (4) |
Gain on license sales and exchanges, net |  |  | 5 |
Equity earnings of unconsolidated entities |  |  | 78 |
Interest and dividend income |  |  | 6 |
Interest expense |  |  | (84) |
Income before income taxes |  |  | $ | 76 |
Other segment disclosures |  |  |  |
Six Months Ended June 30, 2025 | Wireless | Towers | Segment Total |
Depreciation, amortization and accretion | $ | (302) |  | $ | (23) |  | $ | (325) |  |
Loss on asset disposals, net | (3) |  | (1) |  | (4) |  |
Gain on license sales and exchanges, net | 5 |  | — |  | 5 |  |
Capital expenditures | $ | 127 |  | $ | 5 |  | $ | 132 |  |
Six Months Ended June 30, 2024 | Wireless | Towers | Total
(Dollars in millions) |  |  |
Revenues from external customers | $ | 1,826 |  | $ | 51 |  | $ | 1,877 |
Intersegment revenues | — |  | 65 |  | 65 |
| 1,826 |  | 116 |  | 1,942 |
Reconciliation of revenue: |  |  |
Elimination of intersegment revenues |  |  | (65) |
Total operating revenues |  |  | $ | 1,877 |
Less 1: |  |  |
Cost of services (excluding Depreciation, amortization and accretion reported below) | 390 |  | 37 |  |
Cost of equipment and products | 427 |  | — |  |
Selling, general and administrative | 637 |  | 16 |  |
Expenses related to strategic alternatives review (included in Selling, general and administrative) | (20) |  | (1) |  |
Segment Adjusted EBITDA (Non-GAAP) | $ | 392 |  | $ | 64 |  | $ | 456 |
Reconciliation of Segment Adjusted EBITDA to Income before income taxes: |  |  |
Depreciation, amortization and accretion |  |  | (329) |
Expenses related to strategic alternatives review (included in Selling, general and administrative) |  |  | (21) |
Loss on asset disposals, net |  |  | (11) |
Loss on license sales and exchanges, net |  |  | (7) |
Equity earnings of unconsolidated entities |  |  | 80 |
Interest and dividend income |  |  | 6 |
Interest expense |  |  | (91) |
Income before income taxes |  |  | $ | 83 |
Other segment disclosures |  |  |  |
Six Months Ended June 30, 2024 | Wireless | Towers | Segment Total |
Depreciation, amortization and accretion | $ | (308) |  | $ | (21) |  | $ | (329) |  |
Loss on asset disposals, net | (10) |  | (1) |  | (11) |  |
Loss on license sales and exchanges, net | (7) |  | — |  | (7) |  |
Capital expenditures | $ | 286 |  | $ | 9 |  | $ | 295 |  |
1 The significant segment expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. Intersegment expenses are included within the amounts shown. 2 This item is not included in the evaluation of operating performance of the Wireless and Towers segments, and therefore is reported for "Array". 3 Assets are not provided at the individual segment level for Wireless and Towers, and therefore are reported for "Array". The Array segments operate under a common capital structure, and management has historically considered its assets collectively as part of a combined wireless network.

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- Definition The entire disclosure for reporting segments including data and tables. 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