| Consolidated Balance Sheets |
| | | | | | | | | | | | | 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 | |
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| Consolidated Statements of Income |
| | | | | | | | | | | | | | | | | | | 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. |
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| Consolidated Statements of Cash Flows |
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. |
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