v3.26.1
Consolidated Balance Sheet - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 416,436 $ 113,400
Accounts receivable    
Other, less allowances of $2,847 and $3,090, respectively 14,369 14,236
Prepaid expenses 2,045 3,216
Other current assets 2,434 6,515
Total current assets 438,746 144,787
Non-current assets held for sale 47,390 1,591,675
Licenses 1,594,649 1,642,187
Investments in unconsolidated entities 421,607 412,608
Property, plant and equipment    
Property, plant and equipment, net of accumulated depreciation of $693,165 and $690,007, respectively 374,700 388,999
Operating lease right-of-use assets 467,590 472,995
Other assets and deferred charges 26,677 24,837
Total assets [1] 3,371,359 4,678,088
Current liabilities    
Current portion of long-term debt 8,125 4,063
Accounts payable    
Accounts payable - Trade 36,488 27,892
Customer deposits and deferred revenues 27,515 85,945
Accrued taxes 317,407 16,884
Accrued compensation 1,070 4,322
Short-term operating lease liabilities 16,767 15,294
Current liabilities of discontinued operations 24,856 20,242
Other current liabilities 24,875 14,843
Total current liabilities 461,656 199,988
Deferred liabilities and credits    
Deferred income tax liability, net 169,509 387,030
Long-term operating lease liabilities 505,936 509,876
Other deferred liabilities and credits 295,715 336,379
Long-term debt, net 666,757 670,258
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 86,479 shares (33,006 Series A Common and 53,473 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 1,795,590 1,795,369
Treasury shares, at cost, 1,595 and 1,694 Common Shares, respectively (83,323) (85,606)
Retained earnings (accumulated deficit) (534,809) 769,789
Total Array shareholders' equity 1,265,532 2,567,626
Noncontrolling interests 6,254 6,931
Total equity 1,271,786 2,574,557
Total liabilities and equity [1] 3,371,359 4,678,088
Affiliated    
Accounts receivable    
Affiliated 3,462 7,420
Accounts payable    
Accounts payable - Affiliated $ 4,553 $ 10,503
[1] The consolidated total assets as of June 30, 2026 and December 31, 2025, include assets held by current consolidated variable interest entities (VIEs) of $41.9 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 June 30, 2026 and December 31, 2025, include certain liabilities of current consolidated VIEs of $10.6 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.