7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-12-31 2011-09-30 2011-06-30 2011-03-31 2010-12-31 2010-09-30 2010-06-30 2010-03-31 2009-12-31 2009-09-30 2009-06-30 2009-03-31 2008-03-31 2007-06-30 2007-03-31 2006-12-31 2006-09-30 2006-06-30 2006-03-31 
      
    		                                                                          
      cash flows from operating activities:
    		                                                                          
      net income
    		-9,390,000 -9,048,000 -9,132,000 -2,744,000 -5,263,000 -12,872,000 214,696,000 2,589,000 1,593,000 1,790,000 2,066,000 -1,823,000 -2,728,000 -3,225,000 -603,000 830,000 893,058,000 53,422,000 51,521,000 -7,744,714,691,000 3,492,114,354,000 4,252,713,780,000 13,280,000 13,521,000 14,354,000 13,150,000 13,910,000 14,852,000 19,090,000 7,824,000 4,829,000 60,595,000 3,534,000 -80,000 2,341,000 -184,000 -7,596,000 -6,996,000 13,881,000 12,108,000 7,996,000 10,474,000 10,286,000 8,649,000 8,003,000 8,615,000 8,616,000 6,676,000 6,717,000 7,842,000 8,351,000 4,916,000 1,361,000 5,560,000 4,466,000 3,972,000 3,002,000 2,992,000 3,027,000 2,714,000 4,034,000 4,573,000 6,754,000 6,258,000 1,584,000 11,385,000 -4,135,000 4,792,000 5,947,000 4,071,000 3,212,000 3,384,000 2,781,000 8,545,000 
      income from discontinued operations, net of tax
    		   3,446,000 41,000 -99,000 218,786,000         4,538,000 886,326,000 51,566,000 48,472,000                                                        
      income from continuing operations
    		-9,390,000 -9,048,000 -9,132,000 -6,190,000 -5,304,000 -12,773,000 -4,090,000     -1,823,000 -2,728,000 -3,225,000 -603,000 -3,708,000 6,732,000 1,856,000 3,049,000 -10,260,658,000                                                       
      adjustments to reconcile net income to net cash from operating activities:
    		                                                                          
      depreciation and amortization
    		33,998,000 34,629,000 28,984,000 26,205,000 27,681,000 25,579,000 17,443,000 16,344,000 16,670,000 16,185,000 15,782,000  17,873,000 14,451,000 14,684,000                                                            
      amortization of intangible assets
    		494,000 474,000 474,000                   933,605,927,000 4,868,000                                                    
      stock-based compensation expense, net of amount capitalized
    		2,066,000 2,187,000 3,717,000 2,217,000 1,384,000 2,270,000 3,966,000 1,669,000 2,044,000 2,603,000 3,717,000                                                                
      deferred income taxes
    		-2,936,000 -3,048,000 -1,119,000 -1,991,000 -1,542,000 -5,200,000 -1,026,000 -238,000 720,000 756,000 1,735,000 -40,000 -982,000 -43,000 -349,000 17,879,000 1,133,000 -2,005,000 5,256,000   87,141,299,000 2,135,000 6,645,000 1,565,000 6,812,000 -3,378,000 8,197,000 7,336,000 -4,989,000 -4,336,000 -41,804,000 -297,000 -9,044,000 -2,910,000  -3,958,000 -51,749,000 -1,489,000 7,012,000 -3,807,000 -2,046,000 -1,610,000 9,236,000 -1,278,000 -2,970,000 -2,013,000 9,316,000 4,697,000 1,647,000 -1,394,000 10,977,000 1,633,000 -802,000 -5,304,000 9,892,000 5,502,000 1,920,000 -1,341,000 4,476,000 -52,000 705,000 -501,000 8,420,000   -6,762,000 -789,000 -368,000 -1,258,000   -617,000 -453,000 
      benefit from credit losses
    		677,000 516,000 288,000 384,000 482,000 510,000 756,000                                                                    
      other
    		-262,000 -315,000 480,000 -277,000 753,000 334,000 -184,000 -943,000 -679,000 378,000 740,000 -2,462,000 -347,000 968,000 1,017,000        -27,000  -6,000           -1,605,000 -486,000 -919,000 3,039,000 -230,000 -324,000 421,000 226,000 674,000 1,183,000 275,000 -12,000 296,000 824,000 456,000 696,000 311,000 539,000 447,000 229,000 206,000 -62,000 88,000 25,000 -202,000 514,000 -128,000 189,000 477,000   516,000 -190,000 -646,000 634,000   -705,000 278,000 
      changes in assets and liabilities, net of effects of business acquisition:
    		                                                                          
      accounts receivable
    		1,079,000 -1,335,000 2,490,000 -1,822,000 -1,595,000 -761,000 1,726,000 -1,596,000 -3,092,000 11,000 4,488,000 -1,740,000 -3,273,000 -1,460,000 5,890,000 1,358,000 -5,564,000 2,508,000 1,861,000 -6,129,000 27,384,000 -31,116,000 2,543,000 -2,770,000 -333,000 -1,434,000 -3,127,000 5,731,000 5,568,000 -14,331,000 3,271,000 10,033,000 1,222,000 3,567,000 1,629,000 6,678,000 12,235,000 -6,802,000 2,470,000 1,942,000 -2,650,000 -2,112,000 1,773,000 -3,147,000 -1,508,000 -1,622,000 52,000 -2,084,000 212,000 -952,000 230,000 -2,948,000 -1,657,000 -2,937,000 -704,000 985,000 -957,000 -1,899,000 -20,000 911,000 -1,711,000 -517,000 -1,803,000 607,000   2,119,000 688,000 -720,000 676,000 -88,000 -1,828,000 93,000 2,077,000 
      current income taxes
    		-30,000 53,000 164,000 228,000 920,000   -44,000 0 432,000 24,676,000 -297,000   459,000 -18,279,000 -5,565,000 3,029,000 -4,334,000   58,538,989,000 2,149,000 -7,323,000 1,161,000 -6,450,000 7,588,000                                                
      operating lease assets and liabilities
    		-76,000 -302,000 -135,000 -238,000 110,000 -308,000 75,000  104,000 279,000 129,000  204,000 334,000 80,000                                                            
      other assets
    		-831,000 -1,663,000 -682,000 -223,000 309,000 1,141,000 -4,495,000 2,528,000 578,000 2,967,000 -1,030,000 605,000 846,000 -537,000 -1,365,000 1,836,000 -2,317,000 -700,000 -5,824,000 163,000 -5,393,000 4,760,000 -3,489,000 -3,426,000 -6,394,000 -7,219,000 -1,460,000 -2,853,000 -17,302,000 7,985,000 -4,076,000 1,601,000 -36,000 64,000 -190,000 2,654,000 553,000 1,078,000 988,000 -2,378,000 -569,000 475,000 -3,896,000                                
      accounts payable
    		487,000 -17,000 992,000 -1,657,000 557,000 -1,102,000 -38,000 562,000 -419,000 -2,175,000 -837,000 627,000 -735,000 4,257,000 -4,130,000 8,602,000 -6,186,000 841,000 -281,000 -387,000   -4,400,000 5,798,000 712,000 1,670,000 4,641,000 536,000 -4,399,000 2,270,000 216,000 -5,930,000 9,763,000 -1,159,000 -39,399,000 38,945,000 -1,978,000 3,634,000 1,895,000 6,927,000 -1,263,000 2,916,000 -5,827,000 2,629,000 44,000 2,751,000 -384,000 -3,030,000 -1,559,000 5,259,000 -2,815,000 -3,019,000 -242,000 666,000 -2,095,000 3,853,000 -3,225,000 2,393,000 -3,617,000 4,369,000 3,012,000 -327,000 -3,526,000 4,093,000   186,000 588,000 1,001,000 -3,423,000   -612,000 -268,000 
      other deferrals and accruals
    		5,462,000 1,066,000 -5,997,000 2,440,000 1,446,000 336,000 -1,218,000 -962,000 2,329,000 -2,770,000 -3,142,000 -2,392,000 2,392,000 1,580,000 -2,760,000 -1,234,000 -1,341,000 185,000 -4,037,000 150,000 -1,994,000 12,625,000 -3,287,000 5,412,000 174,000 2,041,000 -5,518,000 3,081,000 -2,830,000 4,388,000 -1,919,000 -711,000 1,430,000 6,623,000 -13,101,000  -1,925,000 13,251,000 -3,559,000 1,618,000 1,309,000 159,000 -2,275,000                                
      net cash from operating activities - continuing operations
    		30,738,000 23,197,000 20,524,000 21,003,000 25,201,000 10,260,000 12,915,000     18,690,000 17,481,000 22,658,000 16,066,000 31,881,000 3,398,000 19,038,000 9,136,000                                                        
      net cash from operating activities - discontinued operations
    		0   -407,000 -929,000 -7,719,000 2,243,000          -3,944,000 49,481,000 75,530,000                                                        
      net cash from operating activities
    		30,738,000 20,946,000 20,524,000 20,596,000 24,272,000 2,541,000 15,158,000 22,085,000 21,889,000 21,476,000 48,324,000 18,690,000 17,481,000 22,658,000 16,066,000  -546,000 68,519,000 84,666,000 -227,298,890,592,000 98,360,063,827,000 128,939,068,524,000 61,108,000 65,686,000 63,827,000 67,969,000 61,663,000 76,847,000 61,656,000 66,284,000 60,860,000 64,225,000 71,911,000 62,296,000 24,498,000 55,680,000 45,053,000 17,623,000 43,170,000 36,198,000 22,853,000 36,449,000 23,821,000 23,655,000 24,762,000 33,979,000 32,597,000 20,746,000 21,363,000 29,446,000 22,709,000 19,519,000 32,979,000 22,026,000 22,450,000 26,406,000 20,180,000 16,391,000 17,950,000 21,507,000 18,577,000 19,131,000 15,989,000 14,565,000   21,236,000 14,270,000 10,338,000 11,309,000     
      cash flows from investing activities:
    		                                                                          
      capital expenditures
    		-82,114,000 -86,196,000 -83,236,000 -92,618,000 -75,538,000 -80,861,000 -70,053,000 -66,196,000 -54,196,000 -68,487,000 -67,671,000 -57,252,000 -43,651,000 -43,013,000 -45,693,000 -41,301,000 -39,238,000 -40,080,000 -39,482,000 -37,710,000 -16,114,000 -34,327,000 -32,299,000 -31,754,000 -27,914,000 -34,704,000 -44,420,000                                                
      free cash flows
    		-51,376,000 -65,250,000 -62,712,000 -72,022,000 -51,266,000 -78,320,000 -54,895,000 -44,111,000 -32,307,000 -47,011,000 -19,347,000 -38,562,000 -26,170,000 -20,355,000 -29,627,000  -39,784,000 28,439,000 45,184,000 -227,298,928,302,000 98,360,047,713,000 128,939,034,197,000 28,809,000 33,932,000 35,913,000 33,265,000 17,243,000                                                
      government grants received
    		22,603,000 10,352,000 6,929,000 8,144,000 3,441,000 4,943,000 2,710,000                                                                    
      proceeds from escrow related to business acquisition
    		                                                                          
      cash disbursed for acquisitions, net of cash acquired
    		                                                                          
      proceeds from sale of assets and other
    		33,000 196,000 47,000 164,000 131,000   89,000 58,000 407,000 101,000 512,000 643,000 193,000 86,000 166,000 11,000 175,000 14,000 -251,730,000 -34,005,000 285,831,000 274,000 44,000                                                   
      net cash from investing activities - continuing operations
    		-58,007,000 -75,648,000 -76,260,000 -84,310,000 -71,966,000 -421,614,000 -67,343,000     -53,537,000 -42,215,000 -42,820,000 -45,607,000 -41,135,000 -39,227,000 -39,905,000 -39,468,000                                                        
      net cash from investing activities - discontinued operations
    		   0 0 0 305,827,000          1,944,991,000 -46,000 -882,000                                                        
      net cash from investing activities
    		-58,007,000 -75,648,000 -76,260,000 -84,310,000 -71,966,000 -421,614,000 238,484,000 -64,203,000 -36,838,000 -68,080,000 -67,570,000 -53,537,000 -42,215,000 -42,820,000 -45,607,000  1,905,764,000 -39,951,000 -40,350,000 -39,188,000 -48,860,000 -35,515,000 -32,025,000 -31,710,000 -44,605,000 -34,644,000 -54,375,000 -44,030,000 -29,892,000 -37,760,000 -76,118,000 -36,420,000 -40,585,000 -36,009,000 -38,481,000 -54,256,000 -51,040,000 -691,890,000 -22,827,000 -29,898,000 -14,284,000 -15,604,000 -9,476,000 -16,871,000 -18,213,000 -15,445,000 -17,109,000 -36,172,000 -32,276,000 -22,277,000 -25,838,000 -34,939,000 -20,965,000 -14,815,000 -13,202,000 -19,696,000 -20,690,000 -14,407,000 -15,818,000 -26,747,000 -164,959,000 -9,696,000 -9,339,000 -14,364,000   -9,058,000 -7,656,000 -7,422,000 -3,166,000     
      cash flows from financing activities:
    		                                                                          
      proceeds from credit facility borrowings
    		25,000,000 0 100,000,000 75,000,000    150,000,000 25,000,000 25,000,000 25,000,000                                                                
      principal payments on long-term debt
    		-2,714,000 -2,715,000 -2,178,000 -2,201,000 -2,225,000 -1,306,000 -1,312,000               -8,531,000 -8,530,000 -8,531,000 -19,889,000 -4,888,000 -19,889,000 -4,889,000 -22,125,000 -12,125,000 -12,125,000 -12,125,000 -12,125,000 -6,063,000 -6,062,000 -5,977,000 -6,559,000 -195,507,000 -5,750,000 -5,750,000 -5,750,000 -5,750,000 -5,750,000     0 -517,000 -721,000 -739,000  -166,773,000 -5,448,000 -5,434,000 -5,423,000 -3,061,000 -3,022,000 -3,032,000 -3,025,000 -23,336,000 -1,134,000 -1,125,000 -1,115,000   -1,085,000 -1,048,000  -1,015,000     
      payments for debt issuance and amendment costs
    		                                                                          
      proceeds from the issuance of redeemable noncontrolling interest, net of financing fees paid
    		   0 0                                                                      
      taxes paid for equity award issuances
    		0 -248,000 -787,000 -56,000 0 -215,000 -1,456,000 -70,000 0 -161,000 -1,156,000 -90,000 -151,000 -232,000 -603,000 0 0 -141,000 -1,486,000 -35,000 0 -237,000 -1,945,000 1,000 0 -214,000 -2,698,000 -1,212,000 -1,000 -278,000 -1,754,000                                            
      payments for financing arrangements and other
    		-952,000 -375,000 -24,000 -51,000 -581,000 -352,000 -394,000 0 -389,000 -27,000 -263,000 -44,000 -417,000 -252,000 -219,000 -112,000 -330,000 -255,000 -496,000                                                        
      net cash from financing activities
    		20,813,000 -3,768,000 97,011,000 66,887,000 47,014,000 73,117,000 -3,162,000 145,407,000 24,611,000 24,512,000 23,581,000 45,875,000 24,432,000 -484,000 -822,000 -3,518,000 -1,621,463,000 -8,961,000 -10,531,000 -25,033,000 -9,162,000 -8,836,000 -10,502,000 -29,740,000 -19,898,000 -5,093,000 -22,515,000 -22,938,000 -22,126,000 -12,403,000 -13,879,000 -24,687,000       -7,995,000 -16,776,000 -13,418,000 -5,860,000 -6,110,000  9,000 -130,000 -123,000   -862,000 -862,000   -5,542,000 -5,479,000 -12,698,000 -3,059,000 -3,110,000 -3,028,000 -10,451,000 163,022,000 -1,129,000 -506,000 -3,065,000 -1,066,000 -12,080,000 1,235,000 -864,000  -716,000     
      net decrease in cash and cash equivalents
    		-6,456,000    -680,000    9,662,000                                                                  
      cash and cash equivalents, beginning of period
    		0 0 46,272,000 0 0 0 139,255,000 0 0 0 44,061,000 0 0 0 84,344,000 0 0 0 195,397,000 -10,165,083,435,000 0 10,165,083,435,000 101,651,000 0 0 0 85,086,000 0 0 0 78,585,000                                            
      cash and cash equivalents, end of period
    		-6,456,000 -58,470,000 87,547,000 3,173,000 -680,000 -345,956,000 389,735,000 103,289,000 9,662,000 -22,092,000 48,396,000 11,028,000 -302,000 -20,646,000 53,981,000 -448,200,000 283,755,000 19,607,000 229,182,000 -18,404,902,018,000 4,033,799,324,000 14,371,177,859,000 120,232,000 4,236,000 -676,000 28,232,000 69,859,000 9,879,000 9,638,000 16,121,000 49,448,000                                            
      supplemental disclosures of cash flow information
    		                                                                          
      interest paid, net of amounts capitalized
    		-6,381,000 -5,629,000 -4,262,000 -3,140,000 -2,409,000                                                                      
      income taxes paid
    		3,989,000                                      876,000 10,884,000 8,096,000 2,989,000 -850,000                                
      changes in assets and liabilities
    		                                                                          
      cash disbursed for acquisition, net of cash acquired
    		   0 0                           0     -11,158,000                                      
      payments for debt amendment costs
    		   0 -180,000                                                                      
      net increase in cash and cash equivalents
    		  41,275,000    250,480,000    4,335,000 11,028,000 -302,000 -20,646,000 -30,363,000 -448,200,000 283,755,000 19,607,000 33,785,000 -8,239,818,583,000 4,033,799,324,000 4,206,094,424,000 18,581,000 4,236,000 -676,000 28,232,000 -15,227,000 9,879,000 9,638,000 16,121,000 -29,137,000 3,118,000 15,693,000 19,847,000 3,734,000 8,662,000 -13,040,000 -48,589,000 12,348,000 -10,476,000 -4,849,000 14,985,000 8,235,000  6,558,000 18,404,000 15,365,000 -23,639,000 -11,447,000 6,307,000 -3,991,000  73,335,000 1,669,000 3,769,000 -5,988,000 -3,569,000 -1,127,000 -895,000 -15,691,000 16,640,000 8,306,000 6,144,000 -2,864,000 1,652,000 -5,387,000 13,413,000 5,750,000  7,427,000 -1,633,000 -1,294,000   
      income tax refunds received
    		  164,000      0 451,000 25,030,000                                                                
      impairment expense
    		       0 1,532,000   357,000 477,000                                                              
      gain on sale of fcc spectrum licenses
    		       0                                                                   
      proceeds from the sale of fcc spectrum licenses
    		       0                                                                   
      refund received for deposit on fcc spectrum leases
    		                                                                          
      dividends paid
    		                                                                          
      adjustments to reconcile net income to net cash from operating activities, net of effects of business acquisition
    		                                                                          
      changes in assets and liabilities:
    		                                                                          
      income tax (paid) refunds received
    		    428,000                                                                      
      interest paid
    		      5,262,000  2,313,000 1,784,000 1,327,000                                                             607,000   
      accretion of asset retirement obligations
    		               123,000 114,000 91,000 93,000 -246,999,000 -569,376,000 816,304,000 404,000 385,000 385,000                                                  
      operating lease right-of-use assets
    		               2,148,000 761,000 1,201,000 669,000 -29,658,849,000 -2,088,162,560,000 2,117,812,450,000 12,939,000 13,316,000 12,873,000 17,610,000 7,779,000                                                
      lease liabilities
    		               -1,488,000 -547,000 -1,369,000 -929,000 -1,177,000 20,762,000 -12,250,000 -10,402,000 -14,573,000 -10,293,000 -12,218,000 -9,662,000                                                
      payments for debt issuance costs
    		       0 0       0 -788,000                                                          
      dividends paid, net of dividends reinvested
    		               -3,406,000                                                           
      net cash from financing activities - continuing operations
    		           45,875,000 24,432,000 -484,000 -822,000 -3,518,000 -937,968,000 -449,000 -1,982,000                                                        
      net cash from financing activities - discontinued operations
    		               0 -683,495,000 -8,512,000 -8,549,000                                                        
      bad debt expense
    		           720,000    273,000 307,000 311,000 137,000 -5,139,995,000 4,704,451,000 436,559,000 205,000 528,000 451,000 397,000 367,000 621,000 604,000 389,000 369,000                                            
      proceeds from sale of investments
    		                                                                          
      depreciation
    		               14,196,000 14,049,000 13,101,000 13,043,000 -3,552,185,536,000 -2,773,639,237,000 6,325,840,269,000 32,468,000 35,040,000 31,766,000 37,217,000 35,520,000 36,109,000 34,365,000 35,003,000 36,634,000 37,626,000 36,658,000 38,901,000 37,878,000 39,739,000 41,503,000 25,299,000 17,454,000 17,302,000 18,796,000 17,258,000 15,931,000 16,755,000 16,244,000 15,769,000 14,556,000 14,834,000 14,035,000 14,906,000 12,808,000 15,269,000 15,345,000 13,418,000 13,929,000 11,618,000 11,399,000 11,435,000 10,898,000 10,513,000 9,537,000 8,285,000 8,218,000 8,352,000   7,656,000 7,352,000 7,075,000 6,945,000 6,589,000 6,491,000 6,967,000 6,412,000 
      amortization
    		               197,000 199,000 198,000 223,000 -487,568,000     4,860,000 5,136,000 5,659,000 5,664,000           285,000 281,000 322,000 406,000 406,000 421,000 487,000 827,000 831,000 854,000 957,000 1,164,000 1,164,000 1,284,000 1,449,000 1,841,000 1,878,000 1,997,000 2,374,000 3,009,000 3,040,000 3,191,000 2,666,000 112,000 109,000 162,000   127,000 156,000 150,000 143,000 436,000 121,000 149,000 125,000 
      restructuring expense
    		                                                                          
      cash disbursed for acquisitions
    		                       0 0 0 -10,000,000                                                
      refund received (cash disbursed) for deposit on fcc spectrum leases
    		                                                                          
      proceeds from term loan borrowings
    		                                                                          
      stock-based compensation expense
    		            1,771,000                                                              
      stock based compensation expense, net of amount capitalized
    		              3,143,000 1,455,000 1,119,000 192,000 642,000 -53,056,862,000 7,860,462,000 45,199,402,000 2,905,000 659,000 851,000 593,000 1,714,000 381,000 1,171,000 1,370,000 2,037,000                                            
      cash payments for:
    		                                                                          
      interest
    		                                    8,012,000 5,027,000 1,632,000  1,768,000 1,877,000 1,905,000  1,997,000 1,976,000 1,954,000  2,086,000 2,219,000 2,171,000  1,565,000 1,537,000 1,636,000  1,728,000 1,884,000 1,988,000  1,640,000 370,000 382,000  420,000 506,000 511,000 340,000  485,000     
      gain from patronage and investments and other
    		                                                                          
      net cash (used) provided by operating activities - discontinued operations
    		                                                                          
      net cash (used) provided by operating activities
    		                                                                          
      cash disbursed for deposit on fcc spectrum leases
    		                   0                                                       
      net cash provided (used) in investing activities - discontinued operations
    		                                                                          
      net cash provided (used) in investing activities
    		                                                                          
      share repurchases
    		                                                                          
      gain from patronage and investments
    		                395,000 -401,000 -432,000 -715,000 -360,000 103,000 -339,000                                                    
      amortization of long-term debt issuance costs
    		                     13,430,974,000 674,000 684,000 948,000 685,000 963,000 194,000 1,107,000 1,236,000 1,129,000                                            
      income from operations of discontinued operations, net of tax
    		                                                                          
      net cash from operating activities – continuing operations
    		                                                                          
      net cash from operating activities – discontinued operations
    		                                                                          
      cash flows used in investing activities:
    		                                                                          
      net cash from investing activities – continuing operations
    		                                                                          
      net cash from investing activities – discontinued operations
    		                                                                          
      cash flows used in financing activities:
    		                                                                          
      net cash from financing activities – continuing operations
    		                                                                          
      net cash from financing activities – discontinued operations
    		                                                                          
      inventory
    		                     3,776,000 -1,343,000 -1,167,000 2,005,000 674,000 -1,975,000 -302,000 1,244,000 1,954,000 -2,457,000 1,735,000 6,555,000 10,861,000 14,188,000  5,290,000                                      
      waived management fee
    		                     1,970,709,522,000 9,798,000 9,811,000 9,696,000 9,692,000 9,628,000 9,599,000 9,558,000 9,558,000 9,048,000                                            
      deferred lease
    		                           564,000 2,806,000 617,000 736,000                                            
      cash disbursed for fcc spectrum licenses
    		                       0                                                   
      repurchase of common stock
    		                                                                          
      proceeds from revolving credit facility borrowings
    		                           0 0 0 15,000,000                                            
      principal payments on revolving credit facility
    		                           0 0 0 -15,000,000                                            
      proceeds from exercise of stock options and other
    		                                                                          
      net gain from patronage and investments
    		                        -954,000                                                  
      proceeds from exercises of stock options
    		                        0 9,000 72,000                                                
      proceeds from sale of assets
    		                         55,000 53,000 300,000 93,000 184,000 263,000 624,000                 246,000    -3,104,000    250,000                  
      (gain) loss on investments
    		                          -250,000 387,000 -88,000 -57,000 33,000                                            
      net (gain) income from patronage and equity investments
    		                          -890,000 -1,088,000 -748,000 -722,000 -830,000                 -210,000 -316,000 -140,000 -171,000  -126,000 -295,000 -343,000 220,000 -160,000 -13,000 186,000 33,000 52,000 -63,000 78,000 -317,000   485,000 237,000  -93,000     
      net benefit from retirement plans
    		                          -38,000                                                
      accrued interest and other
    		                          192,000  104,000                                              
      cash distributions (contributions) from investments and other
    		                          -8,000 2,000 2,000                                              
      amortization reflected as rent expense in cost of services
    		                           -30,000 197,000                                              
      income taxes receivable
    		                           -2,903,000 -1,790,000 7,772,000 8,950,000 -10,434,000 -6,796,000   -600,000 600,000 713,000 6,981,000 -7,694,000 0 5,433,000 9,319,000 -12,610,000 -2,142,000 7,745,000 8,831,000 -6,262,000 -5,525,000 -2,550,000 2,466,000 -4,705,000   11,147,000 -6,025,000 -3,051,000 -3,419,000 2,576,000 -2,576,000 0 734,000 4,797,000            
      income taxes payable
    		                                0 -3,958,000 3,523,000 -15,790,000 -17,970,000    1,176,000            -1,840,000      539,000  -442,000              
      acquisition of property, plant and equipment
    		                           -44,332,000 -29,987,000 -37,940,000 -24,382,000 -37,054,000 -40,669,000 -30,179,000 -38,587,000 -70,381,000 -42,727,000 -39,586,000 -20,537,000 -30,035,000 -14,509,000 -15,635,000 -9,500,000                                
      release of restricted cash
    		                                                                          
      proceeds from issuance of common stock
    		                                                                          
      interest, net of capitalized interest of 1,556; 1,559 and 1,374 in 2018, 2017 and 2016, respectively
    		                                                                          
      income tax (refunds received) paid
    		                                                                          
      capital expenditures payable
    		                           11,582,000 5,595,000 1,045,000 5,279,000                                            
      sprint expansion
    		                            0 0 -52,000,000                                            
      interest, net of capitalized interest of 1,187 and 1,266, respectively
    		                                                                          
      income tax (refunds received) payments
    		                                                                          
      amortization reflected as operating expense
    		                             6,114,000 6,853,000 7,084,000 5,910,000 6,024,000 6,926,000 6,985,000 5,304,000                                      
      interest, net of capitalized interest of 737 and 1,035, respectively
    		                                                                          
      income tax refunds received, net of taxes paid
    		                             80,000 -3,439,000                                            
      cash flows from operating activities
    		                                                                          
      amortization reflected as rent expense
    		                              81,000 -645,000 1,580,000 335,000 258,000                                        
      net (gain) loss on disposal of equipment
    		                              -4,000 38,000 164,000      -15,000   216,000 11,000   112,000 -425,000     362,000    -325,000                   
      accrued interest on long-term debt
    		                              296,000                                            
      cash flows from investing activities
    		                                                                          
      cash distributions (contributions) from investments
    		                              1,000                                            
      cash flows from financing activities
    		                                                                          
      interest, net of capitalized interest of 309 and 577, respectively
    		                              8,513,000                                            
      amortization of long term debt issuance costs
    		                                  1,202,000 1,306,000 1,403,000 1,073,000 132,000 137,000 141,000 143,000 146,000                                
      increase in:
    		                                                                          
      cash distributions from investments, net of contributions
    		                                                                          
      excess tax benefits from stock compensation
    		                                                                          
      proceeds from issuances of common stock
    		                                  5,000 5,000 420,000 139,000 2,809,000                                    
      cash and cash equivalents:
    		                                                                          
      beginning
    		                               0 0 0 36,193,000 0 0 0 76,812,000 0 0 0 68,917,000  0 0 38,316,000 0 0 0 71,086,000  0 0 15,874,000 0 0 0 27,453,000 0 0 0 12,054,000 0 0 0 5,240,000 17,245,000  13,440,000 0 0   
      ending
    		                               3,118,000 15,693,000 19,847,000 39,927,000 8,662,000 -13,040,000 -48,589,000 89,160,000 -10,476,000 -4,849,000 14,985,000 77,152,000  6,558,000 18,404,000 53,681,000 -23,639,000 -11,447,000 6,307,000 67,095,000  73,335,000 1,669,000 19,643,000 -5,988,000 -3,569,000 -1,127,000 26,558,000 -15,691,000 16,640,000 8,306,000 18,198,000 -2,864,000 1,652,000 -5,387,000 18,653,000 22,995,000  20,867,000 -1,633,000 -1,294,000   
      supplemental cash flow information
    		                                                                          
      cash paid for interest, net of capitalized interest of 1,559 in 2017, 1,374 in 2016, and 436 in 2015
    		                                                                          
      accounts payable for purchases and investment in property, plant and equipment
    		                                                                          
      amortization reflected as contra revenue
    		                                5,242,000 5,343,000 4,978,000 5,147,000 5,593,000                                      
      benefit from bad debt
    		                                593,000 466,000 420,000 1,178,000 526,000 407,000 345,000 305,000 430,000 584,000 321,000 523,000 605,000 316,000 234,000 515,000 552,000 499,000 453,000 735,000 902,000 609,000 624,000 684,000 630,000 645,000 1,284,000 618,000 478,000 189,000 177,000            
      straight line adjustment to management fee revenue
    		                                4,320,000 4,434,000 4,206,000 4,287,000                                       
      stock based compensation expense
    		                                635,000 852,000 1,566,000 451,000 613,000 909,000 1,048,000 440,000 463,000 605,000 825,000 472,000 422,000 583,000 1,147,000 398,000 495,000 620,000 425,000 417,000 429,000 593,000 403,000 383,000 433,000 592,000 310,000 253,000 260,000 137,000 142,000 178,000   116,000 -47,000 11,000 78,000   227,000 191,000 
      unrealized (gain) loss on investments
    		                                        244,000 -16,000 -38,000    29,000                            
      net (gains) income from patronage and equity investments
    		                                                                          
      amortization of debt issuance costs
    		                                1,187,000                                          
      deferred lease payable
    		                                1,236,000 1,162,000 1,331,000 1,545,000 1,500,000 1,020,000 208,000 229,000 227,000 257,000 249,000 264,000 258,000 265,000 237,000 272,000 302,000 361,000 318,000 283,000 225,000 99,000 122,000 97,000 105,000 107,000 107,000 137,000 72,000 87,000 78,000 91,000   185,000 35,000 53,000 62,000 65,000 40,000 69,000 122,000 
      cash distributions from investments
    		                                5,000 19,000 3,000 99,000 2,743,000 8,000 45,000 16,000 35,000                                  
      additional contributions to investments
    		                                -8,000 -1,000 -14,000                                        
      amounts borrowed under debt agreements
    		                                0 0 25,000,000 25,000,000 0                       0    5,000,000 0 0 2,000,000        
      cash paid for debt issuance costs
    		                                    0 -13,297,000 -1,528,000 -60,000                    -117,000               
      repurchases of common stock
    		                                -3,508,000 -372,000 -1,226,000  -914,000 -657,000 -3,526,000                                    
      interest, net of capitalized interest of 1,266 and 909, respectively
    		                                                                          
      income taxes paid, net of refunds received
    		                                4,417,000    11,055,000                                      
      unrealized (gain) on investments
    		                                                                          
      net (gains) from patronage and equity investments
    		                                                                          
      proceeds from sale of equipment
    		                                 152,000 117,000  102,000 40,000 145,000 121,000 190,000 28,000 24,000 161,000 167,000     162,000 128,000   85,000 71,000 615,000 -124,000 114,000 70,000 -245,000 254,000 9,000 240,000    57,000 108,000 208,000 151,000 0 252,000   
      acquisition of expansion area
    		                                                                          
      net cash provided by/(used in) financing activities
    		                                 -6,440,000 17,717,000  -7,053,000                                      
      interest, net of capitalized interest of 1,035 and 454, respectively
    		                                                                          
      net gain on disposal of equipment
    		                                  -28,000                                        
      unrealized gain on investments
    		                                  -120,000                                        
      net gains from patronage and equity investments
    		                                  -200,000  -182,000 -105,000 -210,000 -265,000 -155,000 -183,000 -202,000  -378,000 -126,000 -163,000                            
      cash disbursed for acquisition
    		                                      -2,480,000                                    
      interest, net of capitalized interest of 577 and 146, respectively
    		                                  8,380,000                                        
      excess tax benefits on stock option exercises
    		                                                   0        0 0 0 -70,000 0 -121,000 116,000 -58,000 -44,000 -56,000 -39,000     
      unrealized (gains) loss on investments
    		                                                                          
      interest, net of capitalized interest of 1,374 in 2016, 436 in 2015, and 373 in 2014
    		                                                                          
      excess tax benefits on stock awards
    		                                        -205,000 -93,000 -357,000  -1,000 -89,000 -305,000  -8,000 -31,000 -30,000                        
      realized loss on disposal of investments
    		                                       0                0 0 0 27,000   -3,000 150,000            
      straight line adjustment to reduce management fee revenue
    		                                                                          
      net income on disposal of equipment
    		                                       6,000    236,000     67,000 67,000 100,000   -43,000 55,000   58,000 53,000  158,000 13,000 145,000            
      unrealized gains on investments
    		                                      -16,000      34,000    -130,000                          
      materials and supplies
    		                                      -267,000 206,000 700,000 1,053,000 -1,467,000 -1,190,000 -9,000 982,000 2,138,000 -1,909,000 -796,000 -825,000 2,603,000 -2,541,000 271,000 -262,000 211,000 -2,130,000 1,266,000 -1,666,000 1,450,000 -969,000 36,000 -496,000 1,167,000 -1,224,000   665,000 22,000 -1,357,000 150,000   342,000 13,000 
      proceeds from sales of assets
    		                                                  25,000    1,146,000                    
      purchase of investment securities
    		                                               1,000 -1,000 0 -12,000     0 0 0 -84,000 -13,000 -48,000 -23,000 -43,000 -248,000   -41,000 -63,000     -268,000 -32,000 
      interest, net of capitalized interest of 436 in 2015, 373 in 2014, and 396 in 2013
    		                                                                          
      repurchases of stock
    		                                        -349,000 -687,000 -763,000  -14,000 -231,000 -1,540,000 -303,000 -967,000 -175,000 -155,000  -1,000 -96,000 -47,000 0 0                  
      proceeds from issuances of stock
    		                                        296,000 484,000 46,000  22,000                              
      goodwill impairment
    		                                                                          
      realized (gain) loss on disposal of investments
    		                                               0 3,000 1,000 -3,000   12,000 -48,000                    
      unrealized (gains) losses on investments
    		                                                   59,000    -104,000 340,000 -6,000 -98,000  -135,000 103,000 -197,000            
      net gain from patronage and equity investments
    		                                                                          
      write-off of unamortized loan fees
    		                                                   0                       
      changes in assets and liabilities, exclusive of acquired businesses:
    		                                                                          
      other prepaids, deferrals and accruals
    		                                           837,000 1,327,000 68,000 -772,000 751,000 836,000 1,132,000 -2,399,000 312,000 1,622,000 -622,000 -1,959,000 1,088,000 3,085,000 693,000 -495,000 -3,260,000 4,098,000 809,000 82,000 -12,373,000   2,249,000 1,231,000 -899,000 3,335,000 -3,035,000 772,000 -3,499,000 3,642,000 
      realized gain on disposal of investments
    		                                                                          
      purchase and construction of property, plant and equipment
    		                                            -18,393,000     -22,458,000 -26,024,000  -21,312,000 -17,468,000 -14,831,000 -22,158,000 -20,874,000 -15,510,000 -16,121,000  -14,676,000 -9,694,000 -9,570,000            
      (purchase) sale of investment securities
    		                                                                          
      proceeds from sale of investment securities
    		                                            13,000 24,000 3,000 11,000 46,000 19,000 45,000 24,000 342,000 449,000 412,000 31,000 58,000 69,000 317,000 8,000 8,000 12,000 34,000            
      income taxes (received) paid
    		                                                6,047,000    -10,263,000                      
      purchase and construction of property, plant, and equipment
    		                                              -17,196,000                            
      cash received from sales of equipment
    		                                              84,000                            
      proceeds from sale of stock
    		                                              1,112,000    2,000    2,000                    
      income taxes (refunded) paid
    		                                              -1,192,000                            
      impairments on assets held for sale
    		                                                                          
      proceeds from exercise of incentive stock options
    		                                                    407,000   40,000 2,000 4,000 4,000 4,000 3,000 5,000 549,000 57,000 33,000 15,000 262,000 140,000  260,000 500,000 301,000   
      interest, net of capitalized interest of 396 in 2013, 486 in 2012, and 215 in 2011
    		                                                                          
      income taxes paid (refunded)
    		                                                                          
      write-off unamortized loan fees
    		                                                                          
      cash received from sales of converged services' properties
    		                                                                          
      amount borrowed under debt agreements
    		                                                                          
      proceeds from stock issuances
    		                                                                          
      net cash (used in) / provided by financing activities
    		                                                                          
      supplemental disclosures of cash flow information cash payments for:
    		                                                                          
      unrealized (gains) on investments
    		                                                  -93,000    -161,000                    
      cash paid (received) for:
    		                                                                          
      income taxes
    		                                                  4,302,000    -2,532,000 -1,199,000 654,000 4,284,000 509,000 432,000 4,036,000 762,000 427,000 6,223,000 1,407,000 86,000 103,000 2,000  758,000 3,682,000 2,459,000   
      pension settlement and curtailment expense
    		                                                                          
      gain on sale of assets
    		                                                                          
      net (gain) income from patronage and equity
    		                                                                          
      investments
    		                                                                          
      cash paid to acquire prepaid subscriber rights
    		                                                                          
      cash paid to acquire businesses
    		                                                                          
      non-cash impairment charge
    		                                                                          
      realized (gains) losses on investments
    		                                                                          
      cash received from sales of converged services’ properties
    		                                                                          
      impairment on assets held for sale
    		                                                               0   17,545,000        
      interest, net of capitalized interest of 215 in 2011, 488 in 2010, and 541 in 2009
    		                                                                          
      pension settlement and curtailment expenses
    		                                                            0              
      realized (gain) on sale of directory
    		                                                                          
      cash paid for acquisition of business
    		                                                                          
      cash received on sale of directory
    		                                                                          
      loss on disposal of equipment
    		                                                                          
      purchase and construction of plant and equipment
    		                                                               -15,560,000   -9,077,000 -7,757,000       
      cash paid to acquire prepaid subscriber base
    		                                                                          
      interest, net of capitalized interest of 488 in 2010, 541 in 2009, and 748 in 2008
    		                                                                          
      gain on sale of cable assets
    		                                                                          
      unrealized gain on investments carried at fair value
    		                                                                          
      net income on disposal of investments
    		                                                                          
      proceeds from sales of equipment
    		                                                                          
      proceeds from sale of cable assets
    		                                                                          
      proceeds from investment securities
    		                                                                          
      repurchase of stock
    		                                                                          
      interest, net of capitalized interest of 541 in 2009, 748 in 2008, and 20 in 2007
    		                                                                          
      loss on disposal of assets
    		                                                                  257,000 42,000 518,000 28,000 333,000 559,000 370,000 134,000 
      realized losses on investments carried at fair value
    		                                                                  181,000 39,000       
      unrealized (gains) losses on investments carried at fair value
    		                                                                  -96,000        
      proceeds from investment activities
    		                                                                  3,000 56,000 316,000 141,000 25,000 17,000 11,391,000 56,000 
      principal payments on long—term debt
    		                                                                          
      three months ended june 30, 2008
    		                                                                          
      cost of goods and services
    		                                                                          
      total operating expenses
    		                                                                          
      operating income
    		                                                                          
      income from continuing operations before income taxes
    		                                                                          
      income tax expense
    		                                                                          
      net income from continuing operations
    		                                                                          
      six months ended june 30, 2008
    		                                                                          
      unrealized losses on investments carried at fair value
    		                                                                   158,000       
      cash flows from operating activities from continuing operations
    		                                                                          
      adjustments to reconcile net income to net cash from operating activities from continuing operations:
    		                                                                          
      cumulative effect of change in accounting principle
    		                                                                      0 0 0 77,000 
      unrealized loss on investments carried at fair value
    		                                                                          
      net gain on disposal of investments
    		                                                                        0 -10,542,000 
      net cash from operating activities from continuing operations
    		                                                                      9,144,000 9,508,000 5,320,000 10,378,000 
      acquisition of businesses, net of cash acquired
    		                                                                          
      net cash from investing activities from continuing operations
    		                                                                        6,491,000 -5,540,000 
      payments on lines of credit
    		                                                                          
      net cash from financing activities from continuing operations
    		                                                                          
      net cash from continuing operations
    		                                                                      -1,633,000 -1,294,000   
      net cash from operating activities from discontinued operations
    		                                                                          
      interest, net of capitalized interest of 20 in 2007, 19 in 2006, and 20 in 2005
    		                                                                          
      cumulative effect of change in accounting principle, net of taxes
    		                                                                          
      purchase and construction of plant and equipment, net of retirements
    		                                                                    -5,361,000 -3,458,000   -4,703,000 -5,564,000 
      net payments on lines of credit
    		                                                                          
      proceeds from issuance of long-term debt
    		                                                                          
      net payments of lines of credit
    		                                                                          
      repurchase of stock from drip participants
    		                                                                          
      interest, net of capitalized interest of 19 in 2006; 20 in 2005, and 30 in 2004
    		                                                                          
      net (income) income from patronage and equity investments
    		                                                                          
      net income from patronage and equity investments
    		                                                                         25,000 
      shenandoah telecommunications company and subsidiaries
    		                                                                          
      unaudited condensed consolidated statements of cash flows
    		                                                                          
      income from discontinued operations
    		                                                                          
      net (gain) loss on disposal of investments
    		                                                                          
      net cash from investing activities from discontinued operations
    		                                                                          
      interest, net of capitalized interest of 20 in 2005; 30 in 2004, and 26 in 2003
    		                                                                          
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.