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Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating revenues        
Total operating revenues $ 916 $ 927 $ 1,807 $ 1,877
Operating expenses        
Selling, general and administrative 328 322 661 653
Depreciation, amortization and accretion 163 165 325 329
(Gain) loss on asset disposals, net 2 5 4 11
(Gain) loss on license sales and exchanges, net (4) 8 (5) 7
Total operating expenses 881 891 1,731 1,789
Operating income 35 36 76 88
Other income (expense)        
Equity in earnings of unconsolidated entities 42 38 78 80
Interest and dividend income 4 3 6 6
Interest expense (45) (45) (84) (91)
Total other income (expense) 1 (4) 0 (5)
Income before income taxes 36 32 76 83
Income tax expense 4 14 24 41
Net income 32 18 52 42
Less: Net income attributable to noncontrolling interests, net of tax 1 1 2 7
Net income attributable to Array shareholders $ 31 $ 17 $ 50 $ 35
Basic weighted average shares outstanding (in shares) 86 86 85 86
Basic earnings per share attributable to Array shareholders $ 0.37 $ 0.20 $ 0.58 $ 0.41
Diluted weighted average shares outstanding (in shares) 88 88 88 88
Diluted earnings per share attributable to Array shareholders $ 0.36 $ 0.20 $ 0.57 $ 0.40
Service        
Operating revenues        
Total operating revenues $ 736 $ 743 $ 1,477 $ 1,497
Operating expenses        
Cost of goods and services sold 183 180 359 362
Equipment sales        
Operating revenues        
Total operating revenues 180 184 330 380
Operating expenses        
Cost of goods and services sold $ 209 $ 211 $ 387 $ 427