Investments in unconsolidated entities consist of amounts invested in entities in which Array holds a noncontrolling interest. Array's Investments in unconsolidated entities are accounted for using the equity method, measurement alternative method or net asset value practical expedient method as shown in the table below. The carrying value of measurement alternative method investments represents cost minus any impairments plus or minus any observable price changes.


December 31,	2025		2024
(Dollars in thousands)
Equity method investments:
Capital contributions, loans, advances and adjustments	$	103,941	$	103,941
Cumulative share of income	3,063,821		2,889,902
Cumulative share of distributions	(2,767,968)		(2,553,309)
Total equity method investments	399,794		440,534
Measurement alternative method investments	5,362		4,847
Investments recorded using the net asset value practical expedient	7,452		8,557
Total investments in unconsolidated entities	$	412,608	$	453,938

The following tables, which are based on unaudited information provided in part by third parties, summarize the combined assets, liabilities and equity, and results of operations of Array’s equity method investments:


December 31,	2025		2024
(Dollars in thousands)
Assets
Current	$	828,494	$	1,229,907
Noncurrent	6,396,030		6,513,774
Total assets	$	7,224,524	$	7,743,681

Liabilities and Equity
Current liabilities	$	852,707	$	856,005
Noncurrent liabilities	1,562,236		1,628,029
Partners’ capital and shareholders’ equity	4,809,581		5,259,647
Total liabilities and equity	$	7,224,524	$	7,743,681


Year Ended December 31,	2025		2024		2023
(Dollars in thousands)
Results of Operations
Revenues	$	7,748,385	$	7,546,383	$	7,276,562
Operating expenses	6,138,847		5,926,661		5,682,650
Operating income	1,609,538		1,619,722		1,593,912
Other income (expense), net	(35,022)		(2,692)		(28,201)
Net income	$	1,574,516	$	1,617,030	$	1,565,711