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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash $ 1,259,904 $ 310,556
Receivables, Net 3,411,892 3,725,422
Income Taxes Receivable 283,665
Materials, Supplies and Inventories 34,438,857 23,617,800
Prepaid Expenses and Other Current Assets 2,245,160 1,886,480
Total Current Assets 41,355,813 29,823,923
INVESTMENTS & OTHER ASSETS:    
Goodwill 40,603,029 49,903,029
Intangibles 14,488,608 16,363,192
Other Investments 8,322,252 11,016,246
Right of Use Asset 1,348,290 1,341,029
Financial Derivative Instruments 1,342,628 2,214,462
Other Assets 884,122 461,445
Total Investments and Other Assets 66,988,929 81,299,403
PROPERTY, PLANT & EQUIPMENT:    
Communications Plant 277,357,371 219,891,050
Other Property & Equipment 32,433,191 29,836,775
Video Plant 18,848,612 16,096,032
Total Property, Plant and Equipment 328,639,174 265,823,857
Less Accumulated Depreciation 173,088,602 159,632,293
Net Property, Plant & Equipment 155,550,572 106,191,564
TOTAL ASSETS 263,895,314 217,314,890
CURRENT LIABILITIES:    
Current Portion of Long-Term Debt, Net of Unamortized Loan Fees
Accounts Payable 12,803,435 7,012,264
Checks Written in Excess of Cash Balance 2,270,832
Accrued Income Taxes 581,098
Other Accrued Taxes 253,490 243,965
Deferred Compensation 45,797 62,765
Accrued Compensation 1,562,115 2,051,316
Other Accrued Liabilities 1,059,163 2,291,630
Total Current Liabilities 18,575,930 11,661,940
LONG-TERM DEBT, Net of Unamortized Loan Fees 122,891,638 78,552,197
NONCURRENT LIABILITIES:    
Loan Guarantees 169,565
Deferred Income Taxes 23,032,099 22,737,530
Unrecognized Tax Benefit 23,304
Other Accrued Liabilities 1,132,799 1,236,949
Deferred Compensation 256,605 351,553
Total Noncurrent Liabilities 24,421,503 24,518,901
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, 5,133,207 and 5,093,213 Shares Issued and Outstanding 8,555,345 8,488,689
Accumulated Other Comprehensive Gain 959,442 1,582,455
Unearned Compensation 79,892
Retained Earnings 88,491,456 92,430,816
Total Stockholders' Equity 98,006,243 102,581,852
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 263,895,314 $ 217,314,890