| Additional Financial Information |
NOTE 23. ADDITIONAL FINANCIAL INFORMATION
| | | | | | | | | | | | | December 31, | | Consolidated Balance Sheets | 2025 | | 2024 | | Accounts payable and accrued liabilities: | | | Accounts payable | $ | 29,910 | | | $ | 27,433 | | | Accrued payroll and commissions | 2,002 | | | 2,015 | | | Current portion of employee benefit obligation | 635 | | | 570 | | | | | | | Accrued interest | 2,361 | | | 2,020 | | | Accrued taxes | 585 | | | 1,301 | | | Other | 3,021 | | | 2,318 | | | Total accounts payable and accrued liabilities | $ | 38,514 | | | $ | 35,657 | |
| | | | | | | | | | | | | | | | | | | Consolidated Statements of Income | 2025 | | 2024 | | 2023 | | Advertising expense | $ | 3,105 | | | $ | 2,505 | | | $ | 2,576 | | Interest income | $ | 403 | | | $ | 212 | | | $ | 303 | | | Interest expense incurred | $ | 7,025 | | | $ | 7,120 | | | $ | 7,578 | | | Capitalized interest – capital expenditures | (165) | | | (162) | | | (179) | | Capitalized interest – spectrum1 | (56) | | | (199) | | | (695) | | | Total interest expense | $ | 6,804 | | | $ | 6,759 | | | $ | 6,704 | | 1Included in “Acquisitions, net of cash acquired” in our consolidated statements of cash flows. |
Cash and Cash Flows We typically maintain our restricted cash balances for purchases and sales of certain investment securities and funding of certain deferred compensation benefit payments.
The following table summarizes cash and cash equivalents and restricted cash balances contained on our consolidated balance sheets: | | | | | | | | | | | | | | | | | | | | | | | | | December 31, | | Cash and Cash Equivalents and Restricted Cash | 2025 | | 2024 | | 2023 | | 2022 | Cash and cash equivalents | $ | 18,234 | | | $ | 3,298 | | | $ | 6,722 | | | $ | 3,701 | | | | | | | | | | | Restricted cash in Prepaid and other current assets | 157 | | | 1 | | | 2 | | | 1 | | | Restricted cash in Other Assets | 136 | | | 107 | | | 109 | | | 91 | | | Cash and cash equivalents and restricted cash | $ | 18,527 | | | $ | 3,406 | | | $ | 6,833 | | | $ | 3,793 | |
The following tables summarize certain cash flow activities during the periods: | | | | | | | | | | | | | | | | | | | Consolidated Statements of Cash Flows | 2025 | | 2024 | | 2023 | Cash paid (received) during the year for: | | | | | | | Interest | $ | 6,625 | | | $ | 7,132 | | | $ | 7,370 | | Income taxes, net of refunds | 1,353 | | | 2,456 | | | 1,599 | | | | | | | | | | | | | | | | | | | | | Purchase of property and equipment | $ | 20,677 | | | $ | 20,101 | | | $ | 17,674 | | Interest during construction - capital expenditures1 | 165 | | | 162 | | | 179 | | | Total Capital expenditures | $ | 20,842 | | | $ | 20,263 | | | $ | 17,853 | | | | | | | | | | | | | | | | | | | | | Business acquisitions | $ | — | | | $ | — | | | $ | — | | Spectrum acquisitions | 323 | | | 181 | | | 2,247 | | Interest during construction - spectrum1 | 56 | | | 199 | | | 695 | | | Total Acquisitions, net of cash acquired | $ | 379 | | | $ | 380 | | | $ | 2,942 | | 1Total capitalized interest was $221, $361 and $874 for 2025, 2024 and 2023, respectively. |
Labor Contracts As of December 31, 2025, we employed approximately 133,030 persons. Approximately 43% of our employees are represented by the Communications Workers of America (CWA), the International Brotherhood of Electrical Workers (IBEW) or other unions. After expiration of collective bargaining agreements, work stoppages or labor disruptions may occur in the absence of new contracts or other agreements being reached. The main contracts set to expire in 2026 include the following: •A contract covering approximately 9,000 employees across 36 states and the District of Columbia is set to expire in February. •A contract covering approximately 4,300 employees across five states is set to expire in April. •Two wireline contracts covering approximately 1,800 employees across all 50 states as well as the U.S. Virgin Islands and Puerto Rico are set to expire in April.
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