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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash $ 310,556 $ 2,306,149
Receivables, Net of Allowance for Doubtful Accounts of $140,000 and $80,000 3,725,422 2,426,009
Income Taxes Receivable 283,665 1,405,622
Materials, Supplies and Inventories 23,617,800 5,357,380
Prepaid Expenses and Other Current Assets 1,886,480 1,886,810
Total Current Assets 29,823,923 13,381,970
INVESTMENTS & OTHER ASSETS:    
Goodwill 49,903,029 49,903,029
Intangibles 16,363,192 18,315,567
Other Investments 11,016,246 10,417,563
Right of Use Asset 1,341,029 1,154,293
Financial Derivative Instruments 2,214,462
Other Assets 461,445 422,427
Total Investments and Other Assets 81,299,403 80,212,879
PROPERTY, PLANT & EQUIPMENT:    
Communications Plant 219,891,050 189,990,012
Other Property & Equipment 29,836,775 27,439,201
Video Plant 16,096,032 11,306,071
Total Property, Plant and Equipment 265,823,857 228,735,284
Less Accumulated Depreciation 159,632,293 147,585,930
Net Property, Plant & Equipment 106,191,564 81,149,354
TOTAL ASSETS 217,314,890 174,744,203
CURRENT LIABILITIES:    
Current Portion of Long-Term Debt, Net of Unamortized Loan Fees 4,511,844
Accounts Payable 7,012,264 3,244,472
Other Accrued Taxes 243,965 260,013
Deferred Compensation 62,765 63,829
Accrued Compensation 2,051,316 2,122,436
Other Accrued Liabilities 2,291,630 634,247
Total Current Liabilities 11,661,940 10,836,841
LONG-TERM DEBT, Net of Unamortized Loan Fees 78,552,197 43,114,772
NONCURRENT LIABILITIES:    
Loan Guarantees 169,565 222,464
Deferred Income Taxes 22,737,530 19,484,500
Unrecognized Tax Benefit 23,304 42,775
Other Accrued Liabilities 1,236,949 1,112,343
Financial Derivative Instruments 883,365
Deferred Compensation 351,553 396,548
Total Noncurrent Liabilities 24,518,901 22,141,995
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, 5,093,213 and 5,210,053 Shares Issued and Outstanding 8,488,689 8,683,422
Accumulated Other Comprehensive Gain (Loss) 1,582,455 (631,253)
Unearned Compensation 79,892 259,620
Retained Earnings 92,430,816 90,338,806
Total Stockholders' Equity 102,581,852 98,650,595
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 217,314,890 $ 174,744,203