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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash $ 2,306,149 $ 8,617,660
Receivables, Net of Allowance for Doubtful Accounts of $80,000 and $160,000 2,426,009 1,885,196
Income Taxes Receivable 1,405,622 615,587
Materials, Supplies and Inventories 5,357,380 2,965,960
Prepaid Expenses and Other Current Assets 1,886,810 1,000,395
Total Current Assets 13,381,970 15,084,798
INVESTMENTS & OTHER ASSETS:    
Goodwill 49,903,029 49,903,029
Intangibles 18,315,567 21,639,293
Other Investments 10,417,563 9,960,187
Right of Use Asset 1,154,293 1,211,707
Other Assets 422,427 299,155
Total Investments and Other Assets 80,212,879 83,013,371
PROPERTY, PLANT & EQUIPMENT:    
Communications Plant 189,990,012 171,961,736
Other Property & Equipment 27,439,201 25,758,591
Video Plant 11,306,071 11,143,951
Total Property, Plant and Equipment 228,735,284 208,864,278
Less Accumulated Depreciation 147,585,930 138,385,628
Net Property, Plant & Equipment 81,149,354 70,478,650
TOTAL ASSETS 174,744,203 168,576,819
CURRENT LIABILITIES:    
Current Portion of Long-Term Debt, Net of Unamortized Loan Fees 4,511,844 6,788,430
Accounts Payable 3,244,472 1,604,735
Other Accrued Taxes 260,013 258,691
Deferred Compensation 63,829 319,754
Accrued Compensation 2,122,436 2,247,057
Other Accrued Liabilities 634,247 811,003
Total Current Liabilities 10,836,841 12,029,670
LONG-TERM DEBT, Net of Unamortized Loan Fees 43,114,772 47,161,441
NONCURRENT LIABILITIES:    
Loan Guarantees 222,464 273,805
Deferred Income Taxes 19,484,500 16,988,409
Unrecognized Tax Benefit 42,775 47,363
Other Accrued Liabilities 1,112,343 1,283,834
Financial Derivative Instruments 883,365 2,721,118
Deferred Compensation 396,548 450,473
Total Noncurrent Liabilities 22,141,995 21,765,002
COMMITMENTS AND CONTINGENCIES:
STOCKHOLDERS' EQUITY:    
Preferred Stock - $1.66 Par Value, 10,000,000 Shares Authorized, No Shares Issued and Outstanding
Common Stock - $1.66 Par Value, 90,000,000 Shares Authorized, 5,210,053 and 5,200,689 Shares Issued and Outstanding 8,683,422 8,667,816
Accumulated Other Comprehensive Loss (631,253) (1,944,511)
Unearned Compensation 259,620 149,100
Retained Earnings 90,338,806 80,748,301
Total Stockholders' Equity 98,650,595 87,620,706
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 174,744,203 $ 168,576,819