Property, Plant and Equipment

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

Property, plant and equipment consist of the following:


($ in thousands)	Estimated Useful Lives	June 30, 2024		December 31, 2023
Land		$	4,514	$	3,671
Land improvements	10 years	4,448		4,448
Buildings and structures	10 - 45 years	51,827		42,871
Cable and fiber	12 - 30 years	1,174,670		799,612
Equipment and software	4 - 12 years	407,291		331,595
Plant in service		1,642,750		1,182,197
Plant under construction		213,027		145,623
Total property, plant and equipment		1,855,777		1,327,820
Less: accumulated depreciation and amortization		(518,525)		(477,483)
Property, plant and equipment, net		$	1,337,252	$	850,337

Property, plant and equipment, net increased due primarily to capital expenditures driven by the Company’s Glo Fiber market expansion and assets acquired as a result of the Horizon Transaction. The Company’s accounts payable as of June 30, 2024 and December 31, 2023 included amounts associated with capital expenditures of approximately $54.6 million and $51.1 million, respectively. Depreciation and amortization expense was $25.1 million and $15.6 million during the three months ended June 30, 2024 and 2023, respectively, and $42.4 million and $30.7 million during the six months ended June 30, 2024 and 2023, respectively.