XML 19 R4.htm IDEA: XBRL DOCUMENT v3.25.3
Consolidated Balance Sheet - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 325,626 $ 143,730
Accounts receivable    
Other, less allowances of $3,068 and $1,540, respectively 10,327 11,473
Prepaid expenses 2,981 7,060
Income taxes receivable 0 123
Current assets of discontinued operations 0 1,163,032
Other current assets 3,954 18,196
Total current assets 352,244 1,344,870
Non-current assets held for sale 1,585,258 12
Non-current assets of discontinued operations 0 4,499,069
Licenses 1,648,604 3,281,508
Investments in unconsolidated entities 452,174 453,938
Property, plant and equipment    
In service and under construction 1,070,631 1,037,645
Less: Accumulated depreciation and amortization 683,797 653,624
Property, plant and equipment, net 386,834 384,021
Operating lease right-of-use assets 477,744 465,274
Other assets and deferred charges 15,469 20,289
Total assets [1] 4,918,327 10,448,981
Current liabilities    
Current portion of long-term debt 2,031 22,000
Accounts payable    
Accounts payable - Trade 58,462 26,732
Customer deposits and deferred revenues 122,090 1,716
Accrued taxes 289,836 27,077
Accrued compensation 4,620 89,476
Short-term operating lease liabilities 15,600 16,133
Current liabilities of discontinued operations 20,242 671,575
Other current liabilities 15,453 19,340
Total current liabilities 539,029 883,771
Non-current liabilities of discontinued operations 0 2,310,660
Deferred liabilities and credits    
Deferred income tax liability, net 320,689 728,229
Long-term operating lease liabilities 513,421 495,736
Other deferred liabilities and credits 336,135 221,376
Long-term debt, net 671,902 1,201,725
Commitments and contingencies
Noncontrolling interests with redemption features 0 15,831
Array shareholders’ equity    
Series A Common and Common Shares Authorized 190,000 shares (50,000 Series A Common and 140,000 Common Shares) Issued 88,074 shares (33,006 Series A Common and 55,068 Common Shares) Outstanding 86,380 shares (33,006 Series A Common and 53,374 Common Shares) and 85,094 shares (33,006 Series A Common and 52,088 Common Shares), respectively Par Value ($1.00 per share) ($33,006 Series A Common and $55,068 Common Shares) 88,074 88,074
Additional paid-in capital 1,795,035 1,782,219
Treasury shares, at cost, 1,694 and 2,980 Common Shares 85,618 111,589
Retained earnings 732,333 2,818,002
Total Array shareholders' equity 2,529,824 4,576,706
Noncontrolling interests 7,327 14,947
Total equity 2,537,151 4,591,653
Total liabilities and equity [1] 4,918,327 10,448,981
Affiliated    
Accounts receivable    
Affiliated 9,356 1,256
Accounts payable    
Accounts payable - Affiliated $ 10,695 $ 9,722
[1] The consolidated total assets as of September 30, 2025 and December 31, 2024, include assets held by current consolidated variable interest entities (VIEs) of $43.9 million and $193.4 million, respectively, which are not available to be used to settle the obligations of Array. The consolidated total liabilities as of September 30, 2025 and December 31, 2024, include certain liabilities of current consolidated VIEs of $10.8 million and $24.6 million, respectively, for which the creditors of the VIEs have no recourse to the general credit of Array. See Note 11 — Variable Interest Entities for additional information.