v3.26.1
Consolidated Balance Sheet - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 253,638 $ 113,400
Accounts receivable    
Other, less allowances of $2,393 and $3,090, respectively 11,456 14,236
Prepaid expenses 3,273 3,216
Other current assets 3,813 6,515
Total current assets 274,063 144,787
Non-current assets held for sale 731,678 1,591,675
Licenses 1,642,039 1,642,187
Investments in unconsolidated entities 435,061 412,608
Property, plant and equipment    
Property, plant and equipment, net of accumulated depreciation of $698,485 and $690,007, respectively 386,727 388,999
Operating lease right-of-use assets 473,383 472,995
Other assets and deferred charges 21,736 24,837
Total assets [1] 3,964,687 4,678,088
Current liabilities    
Current portion of long-term debt 6,094 4,063
Accounts payable    
Accounts payable - Trade 26,122 27,892
Customer deposits and deferred revenues 45,213 85,945
Accrued taxes 131,650 16,884
Accrued compensation 558 4,322
Short-term operating lease liabilities 15,640 15,294
Current liabilities of discontinued operations 20,242 20,242
Other current liabilities 13,708 14,843
Total current liabilities 265,600 199,988
Deferred liabilities and credits    
Deferred income tax liability, net 320,533 387,030
Long-term operating lease liabilities 511,639 509,876
Other deferred liabilities and credits 333,360 336,379
Long-term debt, net 668,499 670,258
Commitments and contingencies
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 86,443 shares (33,006 Series A Common and 53,437 Common Shares) and 86,380 shares (33,006 Series A Common and 53,374 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 1,795,691 1,795,369
Treasury shares, at cost, 1,631 and 1,694 Common Shares (84,129) (85,606)
Retained earnings 59,261 769,789
Total Array shareholders' equity 1,858,897 2,567,626
Noncontrolling interests 6,159 6,931
Total equity 1,865,056 2,574,557
Total liabilities and equity [1] 3,964,687 4,678,088
Affiliated    
Accounts receivable    
Affiliated 1,883 7,420
Accounts payable    
Accounts payable - Affiliated $ 6,373 $ 10,503
[1] The consolidated total assets as of March 31, 2026 and December 31, 2025, include assets held by current consolidated variable interest entities (VIEs) of $42.9 million and $45.0 million, respectively, which are not available to be used to settle the obligations of Array. The consolidated total liabilities as of March 31, 2026 and December 31, 2025, include certain liabilities of current consolidated VIEs of $10.8 million and $11.1 million, respectively, for which the creditors of the VIEs have no recourse to the general credit of Array. See Note 7 — Variable Interest Entities for additional information.