v3.26.1
Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net income $ 540,549 $ 51,883
Net income from discontinued operations 23,077 31,300
Net income from continuing operations 517,472 20,583
Add (deduct) adjustments to reconcile net income to net cash flows from operating activities    
Depreciation, amortization and accretion 27,032 23,992
Bad debts expense 196 415
Stock-based compensation expense 540 1,694
Deferred income taxes, net (203,326) (1,050)
Equity in earnings of unconsolidated entities (75,135) (77,641)
Distributions from unconsolidated entities 66,553 87,938
(Gain) loss on asset disposals, net 4,713 (87)
(Gain) loss on license sales and exchanges, net (566,468) (4,800)
Other operating activities 225 67
Changes in assets and liabilities from operations    
Accounts receivable 4,367 (10,279)
Accounts payable (3,431) (2,254)
Customer deposits and deferred revenues (56,735) 194
Accrued taxes 288,663 (11,980)
Accrued interest (390) (8)
Other assets and liabilities (17,473) (26,864)
Net cash used in operating activities - continuing operations (13,197) (80)
Net cash provided by (used in) operating activities - discontinued operations (5,791) 484,669
Net cash provided by (used in) operating activities (18,988) 484,589
Cash flows from investing activities    
Cash paid for additions to property, plant and equipment (19,629) (11,463)
Cash paid for licenses 0 (4,145)
Cash received from divestitures 2,185,801 0
Other investing activities 0 1,301
Net cash provided by (used in) investing activities - continuing operations 2,166,172 (14,307)
Net cash used in investing activities - discontinued operations 0 (135,561)
Net cash provided by (used in) investing activities 2,166,172 (149,868)
Cash flows from financing activities    
Repayment of long-term debt 0 (12,000)
Tax withholdings, net of cash receipts, for stock-based compensation awards (2,068) (35,250)
Repurchase of Common Shares 0 (21,360)
Dividends paid to Array shareholders (1,836,737) 0
Payment of debt issuance costs 0 (1,676)
Distributions to noncontrolling interests (4,750) (2,391)
Payments to acquire additional interest in subsidiaries (593) 0
Other financing activities 0 (589)
Net cash used in financing activities - continuing operations (1,844,148) (73,266)
Net cash used in financing activities - discontinued operations 0 (19,703)
Net cash used in financing activities (1,844,148) (92,969)
Net increase in cash, cash equivalents and restricted cash 303,036 241,752
Cash, cash equivalents and restricted cash    
Beginning of period 113,400 159,142
End of period $ 416,436 $ 400,894