Investments in Unconsolidated Entities

6 Months Ended

Jun. 30, 2025

Equity Method Investments and Joint Ventures [Abstract]

Note 7 Investments in Unconsolidated Entities

Investments in unconsolidated entities consist of amounts invested in entities in which Array holds a noncontrolling interest. Array’s Investments in unconsolidated entities are accounted for using the equity method, measurement alternative method or net asset value practical expedient method as shown in the table below. The carrying value of measurement alternative method investments represents cost minus any impairments plus or minus any observable price changes.


	June 30, 2025		December 31, 2024
(Dollars in millions)
Equity method investments	$	431	$	440
Measurement alternative method investments	5		5
Investments recorded using the net asset value practical expedient	8		9
Total investments in unconsolidated entities	$	444	$	454

The following table, which is based on unaudited information provided in part by third parties, summarizes the combined results of operations of Array’s equity method investments.


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
(Dollars in millions)
Revenues	$	1,933	$	1,821	$	3,841	$	3,663
Operating expenses	1,511		1,413		3,028		2,828
Operating income	422		408		813		835
Other income (expense), net	(3)		8		(15)		(1)
Net income	$	419	$	416	$	798	$	834

ARRAY DIGITAL INFRASTRUCTURE, INC. 10-Q