Array Digital Infrastructure, Inc. (AD)

AD Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-24	-39	54	30	155	229
Depreciation & Amortization	661	665	656	700	678	683
Loss (Gain) From Sale of Assets	2	21	15	18	21	20
Asset Writedown & Restructuring Costs	136	136	-	3	-	-
Loss (Gain) From Sale of Investments	-	-	-	-	-	-2
Loss (Gain) on Equity Investments	18	8	-8	-13	-3	10
Stock-Based Compensation	59	55	23	24	27	32
Provision & Write-off of Bad Debts	94	97	104	132	56	72
Other Operating Activities	-40	-15	57	47	79	136
Change in Accounts Receivable	-29	-48	-3	-258	-143	-62
Change in Inventory	16	21	62	-88	-27	16
Change in Accounts Payable	-23	-19	-85	12	-57	145
Change in Income Taxes	-14	-4	-	121	-41	-57
Change in Other Net Operating Assets	-4	5	-9	104	57	15
Operating Cash Flow	852	883	866	832	802	1,237
Operating Cash Flow Growth	-14.11%	1.96%	4.09%	3.74%	-35.17%	70.86%
Capital Expenditures	-414	-537	-608	-602	-724	-989
Divestitures	-	-	-	-	-	26
Sale (Purchase) of Intangibles	-9	-20	-130	-585	-1,322	-201
Other Investing Activities	1	1	17	8	10	1
Investing Cash Flow	-422	-556	-721	-1,179	-2,036	-1,163
Short-Term Debt Issued	-	-	-	110	-	-
Long-Term Debt Issued	-	40	315	800	1,342	1,125
Total Debt Issued	-	40	315	910	1,342	1,125
Short-Term Debt Repaid	-	-	-60	-50	-	-
Long-Term Debt Repaid	-	-248	-453	-329	-1,118	-108
Total Debt Repaid	-62	-248	-513	-379	-1,118	-108
Net Debt Issued (Repaid)	-62	-208	-198	531	224	1,017
Repurchase of Common Stock	-110	-65	-6	-48	-47	-34
Other Financing Activities	-72	-74	-70	-27	-35	-57
Financing Cash Flow	-244	-347	-274	456	142	926
Net Cash Flow	186	-20	-129	109	-1,092	1,000
Free Cash Flow	438	346	258	230	78	248
Free Cash Flow Growth	-5.81%	34.11%	12.17%	194.87%	-68.55%	235.13%
Free Cash Flow Margin	11.84%	9.18%	6.60%	5.52%	1.89%	6.14%
Free Cash Flow Per Share	5.12	4.02	2.97	2.67	0.90	2.85
Cash Interest Paid	180	180	189	154	143	105
Cash Income Tax Paid	36	36	3	-116	6	-38
Levered Free Cash Flow	227.25	178.25	-117.25	-299.63	-1,430	-370.38
Unlevered Free Cash Flow	337.25	292.63	5.25	-197.75	-1,321	-300.38
Change in Working Capital	-54	-45	-35	-109	-211	57

Source: S&P Global Market Intelligence. Standard template. Financial Sources.