Property, plant and equipment consists of the following as of December 31, 2025 and 2024:

December 31,
20252024
Cable distribution systems$54,559 $49,211 
Customer premise equipment and installations17,129 17,270 
Vehicles and equipment2,408 2,251 
Buildings and improvements6,077 5,966 
Furniture, fixtures and equipment7,785 7,624 
87,958 82,322 
Less: accumulated depreciation(41,514)(39,409)
$46,444 $42,913 
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Historical Timeline

Fiscal YearFiled
2025Jan 30, 2026Showing above
2024Jan 31, 2025
2021Jan 28, 2022

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.