Plant, Property and Equipment, Net

9 Months Ended

Sep. 30, 2023

Plant, Property and Equipment, Net

Plant, Property and Equipment, Net

Note 4. Plant, Property and Equipment, Net

Plant, property and equipment consists of the following:

	September 30,		December 31,
	2023		2022
	(in millions)
Distribution facilities	$	1,446.8	$	1,341.1
Customer premise equipment		272.3		272.3
Head-end equipment		287.1		256.7
Computer equipment and software		174.4		156.4
Telephony infrastructure		48.0		52.4
Buildings and leasehold improvements		33.2		33.4
Vehicles		25.2		22.9
Office and technical equipment		18.9		19.1
Land		4.4		4.4
Construction in progress (including material inventory and other)		69.6		43.5
Total property, plant and equipment		2,379.9		2,202.2
Less accumulated depreciation		(1,592.6)		(1,476.4)
	$	787.3	$	725.8

Depreciation expense for the three months ended September 30, 2023 and 2022 was $48.9 million and $44.9 million, respectively. Included in depreciation and amortization expense in the condensed consolidated statement of operations for the three months ended September 30, 2023 and 2022 were net losses on sales of operating assets of $0.4 million and nil, respectively.

Depreciation expense for the nine months ended September 30, 2023 and 2022 was $141.1 million and $133.7 million, respectively. Included in depreciation and amortization expense in the condensed consolidated statement of operations for the nine months ended September 30, 2023 and 2022 were net losses on sales of operating assets of $0.3 million and net gains on sales of operating assets of $1.0 million, respectively.