Array Digital Infrastructure, Inc. (AD)
NYSE: AD · Real-Time Price · USD
27.84
+0.51 (1.87%)
At close: Nov 13, 2026, 4:00 PM EST
27.90
+0.06 (0.22%)
After-hours: Nov 13, 2026, 7:30 PM EST
AD Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 642.76 | 48.76 | -39.4 | 54.46 | 30 | 155 |
Depreciation & Amortization | 52.84 | 48.26 | 47.21 | 49.98 | 700 | 678 |
Loss (Gain) From Sale of Assets | -559.39 | -4.38 | 4.27 | -6.59 | 18 | 21 |
Asset Writedown & Restructuring Costs | - | 47.68 | 136.23 | - | 3 | - |
Loss (Gain) on Equity Investments | 13.01 | 41.85 | 7.34 | -8.01 | -13 | -3 |
Stock-Based Compensation | 1.14 | 1.82 | 2.73 | 1.15 | 24 | 27 |
Provision & Write-off of Bad Debts | 0.29 | 1.69 | -1.73 | 1.25 | 132 | 56 |
Other Operating Activities | -168.88 | 87.06 | -57.66 | -13.45 | 47 | 79 |
Change in Accounts Receivable | 7.16 | -6.63 | 4.86 | -1.53 | -258 | -143 |
Change in Inventory | - | - | - | - | -88 | -27 |
Change in Accounts Payable | -42.06 | -9.34 | -35.47 | -17.96 | 12 | -57 |
Change in Income Taxes | 53.68 | -15.95 | -38.51 | -8.24 | 121 | -41 |
Change in Other Net Operating Assets | -136.13 | -165.69 | 8.51 | -1.72 | 104 | 57 |
Operating Cash Flow | -396.63 | 200.84 | 882.47 | 866.86 | 832 | 802 |
Operating Cash Flow Growth | - | -77.24% | 1.80% | 4.19% | 3.74% | -35.17% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -29.62 | -27.2 | -18.47 | -40.64 | -602 | -724 |
Divestitures | 2,186 | 5.44 | - | 1 | - | - |
Sale (Purchase) of Intangibles | - | -4.18 | -19.2 | -128.6 | -585 | -1,322 |
Other Investing Activities | - | 2,464 | -518.57 | -552.71 | 8 | 10 |
Investing Cash Flow | 2,156 | 2,438 | -556.24 | -720.95 | -1,179 | -2,036 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | - | - | - | 110 | - |
Long-Term Debt Issued | - | 325 | 40 | 315 | 800 | 1,342 |
Total Debt Issued | - | 325 | 40 | 315 | 910 | 1,342 |
Short-Term Debt Repaid | - | - | - | -60 | -50 | - |
Long-Term Debt Repaid | - | -875.25 | -248 | -452.5 | -329 | -1,118 |
Total Debt Repaid | -2.03 | -875.25 | -248 | -512.5 | -379 | -1,118 |
Net Debt Issued (Repaid) | -2.03 | -550.25 | -208 | -197.5 | 531 | 224 |
Repurchase of Common Stock | -2.01 | -84.81 | -65.34 | -5.87 | -48 | -47 |
Other Financing Activities | 139.14 | -62.57 | -73.66 | -70.92 | -27 | -35 |
Financing Cash Flow | -1,852 | -2,684 | -347 | -274.29 | 456 | 142 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Cash Flow | -92.06 | -45.74 | -20.77 | -128.38 | 109 | -1,092 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | -426.25 | 173.64 | 864 | 826.22 | 230 | 78 |
Free Cash Flow Growth | - | -79.90% | 4.57% | 259.23% | 194.87% | -68.55% |
Free Cash Flow Margin | -193.50% | 106.55% | 839.38% | 822.36% | 5.52% | 1.89% |
Free Cash Flow Per Share | - | 1.99 | 10.09 | 9.53 | 2.67 | 0.90 |
Levered Free Cash Flow | 1,277 | 475.04 | 93.13 | -233.49 | -299.63 | -1,430 |
Unlevered Free Cash Flow | 1,303 | 492.68 | 100.88 | -224.36 | -197.75 | -1,321 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 26.77 | 26.77 | 13.46 | 15.6 | 154 | 143 |
Cash Income Tax Paid | 64.18 | 64.18 | 13.1 | 5.99 | -116 | 6 |
Change in Working Capital | -117.34 | -197.61 | -60.62 | -29.45 | -109 | -211 |