v3.25.4
Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities      
Net income (loss) $ 69,193 $ (31,578) $ 57,917
Net income (loss) from discontinued operations (103,074) 48,886 49,540
Net income (loss) from continuing operations 172,267 (80,464) 8,377
Add (deduct) adjustments to reconcile net income (loss) to net cash flows from operating activities      
Depreciation, amortization and accretion 48,262 47,212 49,984
Bad debts expense 1,689 (1,729) 1,252
Stock-based compensation expense 1,819 2,728 1,148
Deferred income taxes, net (37,733) (16,716) 32,517
Equity in earnings of unconsolidated entities (173,754) (161,364) (158,296)
Distributions from unconsolidated entities 215,599 168,701 150,291
Loss on impairment of licenses 47,679 136,234 0
(Gain) loss on asset disposals, net 1,746 809 (4,417)
(Gain) loss on sale of business and other exit costs, net (47,700)    
(Gain) loss on license sales and exchanges, net (6,123) 3,460 (2,170)
Other operating activities 1,285 121 113
Changes in assets and liabilities from operations      
Accounts receivable (6,628) 4,856 (1,527)
Accounts payable (9,339) (35,473) (17,958)
Customer deposits and deferred revenues (65,025) (352) (442)
Accrued taxes (15,954) (38,510) (8,244)
Other assets and liabilities (100,661) 8,857 (1,276)
Net cash provided by operating activities - continuing operations 75,129 38,370 49,352
Net cash provided by operating activities - discontinued operations 125,707 844,095 817,505
Net cash provided by operating activities 200,836 882,465 866,857
Cash flows from investing activities      
Cash paid for additions to property, plant and equipment (27,200) (18,466) (40,636)
Cash paid for licenses (4,175) (19,198) (128,597)
Cash received from divestitures 5,439 0 1,000
Other investing activities 1,301 0 15,314
Net cash used in investing activities - continuing operations (24,635) (37,664) (152,919)
Net cash provided by (used in) investing activities - discontinued operations 2,462,399 (518,572) (568,026)
Net cash provided by (used in) investing activities 2,437,764 (556,236) (720,945)
Cash flows from financing activities      
Issuance of long-term debt 325,000 40,000 315,000
Repayment of long-term debt (875,250) (248,000) (452,500)
Repayment of short-term debt 0 0 (60,000)
Tax withholdings, net of cash receipts, for Array stock-based compensation awards (63,446) (11,246) (5,870)
Repurchase of Common Shares (21,360) (54,091) 0
Dividends paid to Array shareholders (1,986,719) 0 0
Payment of debt issuance costs (6,418) 0 (1,600)
Distributions to noncontrolling interests (27,612) (4,716) (3,312)
Other financing activities (8,000) (2,316) (412)
Net cash used in financing activities - continuing operations (2,663,805) (280,369) (208,694)
Net cash used in financing activities - discontinued operations (20,537) (66,632) (65,600)
Net cash used in financing activities (2,684,342) (347,001) (274,294)
Net decrease in cash, cash equivalents and restricted cash (45,742) (20,772) (128,382)
Cash, cash equivalents and restricted cash      
Beginning of period 159,142 179,914 308,296
End of period $ 113,400 $ 159,142 $ 179,914