Plant, Property and Equipment, Net

6 Months Ended

Jun. 30, 2024

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:

	June 30,		December 31,
	2024		2023
	(in millions)
Distribution facilities	$	1,612.9	$	1,510.6
Head-end equipment		293.0		296.5
Customer premise equipment		274.8		274.9
Computer equipment and software		192.4		182.0
Telephony infrastructure		48.0		48.0
Buildings and leasehold improvements		33.9		33.4
Vehicles		30.7		28.1
Office and technical equipment		19.1		19.1
Land		4.4		4.4
Construction in progress (including material inventory and other)		63.0		76.6
Total property, plant and equipment		2,572.2		2,473.6
Less accumulated depreciation		(1,728.7)		(1,643.2)
	$	843.5	$	830.4

Depreciation expense for the three months ended June 30, 2024 and 2023 was $52.5 million and $46.7 million, respectively. Included in depreciation and amortization expense in the unaudited condensed consolidated statement of operations for the three months ended June 30, 2024 and 2023 were net gains on sales of operating assets of nil and $0.1 million, respectively.

Depreciation expense for the six months ended June 30, 2024 and 2023 was $105.2 million and $92.1 million, respectively. Included in depreciation and amortization expense in the unaudited condensed consolidated statement of operations for the six months ended June 30, 2024 and 2023 were net gains on sales of operating assets of $0.3 million and $0.1 million, respectively.