2023 Q1 Form 10-K Financial Statement

#000155837023002817 Filed on March 06, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $276.1M $296.0M $1.191B
YoY Change -8.04% -7.07% -7.09%
Cost Of Revenue $131.9M $133.7M $546.7M
YoY Change -2.91% -3.03% -4.03%
Gross Profit $144.2M $162.3M $644.6M
YoY Change -12.29% -10.14% -9.54%
Gross Profit Margin 52.22% 54.84% 54.11%
Selling, General & Admin $81.28M $80.04M $301.7M
YoY Change 10.91% 12.45% 11.26%
% of Gross Profit 56.37% 49.31% 46.8%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $77.70M $79.61M $300.2M
YoY Change 7.39% 5.95% -0.14%
% of Gross Profit 53.89% 49.05% 46.57%
Operating Expenses $81.28M $159.6M $301.7M
YoY Change 10.91% 9.11% 11.26%
Operating Profit -$18.10M -$20.72M -$93.16M
YoY Change -83.2% -160.36% -168.92%
Interest Expense -$33.86M -$33.24M -$125.0M
YoY Change 14.72% 19.07% -28.66%
% of Operating Profit
Other Income/Expense, Net $2.758M $3.953M $13.38M
YoY Change -12.58% -59.49% 1432.42%
Pretax Income -$49.20M -$50.00M -$204.8M
YoY Change -60.91% -409.18% 103.92%
Income Tax -$12.24M -$9.244M -$27.06M
% Of Pretax Income
Net Earnings -$36.96M -$45.49M $140.6M
YoY Change -68.01% -401.44% -231.83%
Net Earnings / Revenue -13.39% -15.37% 11.81%
Basic Earnings Per Share -$0.42 -$0.41 $0.87
Diluted Earnings Per Share -$0.42 -$0.41 $0.87
COMMON SHARES
Basic Shares Outstanding 114.7M 115.4M 111.8M
Diluted Shares Outstanding 112.9M 111.8M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $335.8M $413.8M $413.8M
YoY Change 109.97% 96.64% 96.64%
Cash & Equivalents $247.9M $325.9M $325.9M
Short-Term Investments $87.95M $87.95M $87.95M
Other Short-Term Assets $65.62M $63.00M $63.00M
YoY Change -57.85% -23.99% -23.99%
Inventory
Prepaid Expenses
Receivables $108.5M $119.7M $119.7M
Other Receivables $1.662M $1.670M $1.670M
Total Short-Term Assets $511.6M $598.1M $598.1M
YoY Change 17.08% 39.81% 39.81%
LONG-TERM ASSETS
Property, Plant & Equipment $2.331B $2.234B $2.261B
YoY Change 17.48% 10.63% 10.57%
Goodwill $929.6M $929.6M
YoY Change 0.0% -8.25%
Intangibles
YoY Change
Long-Term Investments $9.104M $10.30M $10.30M
YoY Change -91.65% -90.6% -90.6%
Other Assets $63.54M $61.32M $34.77M
YoY Change 7.18% 5.5% 5.21%
Total Long-Term Assets $3.380B $3.289B $3.289B
YoY Change 7.02% 0.12% 0.12%
TOTAL ASSETS
Total Short-Term Assets $511.6M $598.1M $598.1M
Total Long-Term Assets $3.380B $3.289B $3.289B
Total Assets $3.892B $3.887B $3.887B
YoY Change 8.25% 4.7% 4.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $53.92M $33.10M $33.10M
YoY Change 35.46% -19.19% -19.19%
Accrued Expenses $111.8M $95.21M $174.3M
YoY Change 14.98% -2.27% -5.01%
Deferred Revenue $49.01M $46.66M
YoY Change -7.53% -12.0%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $16.38M $12.83M $12.83M
YoY Change 95.45% 61.25% 61.25%
Total Short-Term Liabilities $318.7M $266.9M $266.9M
YoY Change 5.37% -6.53% -6.53%
LONG-TERM LIABILITIES
Long-Term Debt $2.137B $2.129B $2.129B
YoY Change 0.75% 0.5% 0.5%
Other Long-Term Liabilities $170.2M $171.0M $171.0M
YoY Change -33.86% -38.38% -38.38%
Total Long-Term Liabilities $2.307B $2.300B $2.300B
YoY Change -2.99% 8.57% -4.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $318.7M $266.9M $266.9M
Total Long-Term Liabilities $2.307B $2.300B $2.300B
Total Liabilities $2.887B $2.842B $2.849B
YoY Change 0.7% -1.21% -1.18%
SHAREHOLDERS EQUITY
Retained Earnings -$48.97M -$11.87M
YoY Change -80.97% -91.62%
Common Stock $710.8M $721.6M
YoY Change -3.21% -2.73%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $997.4M $1.038B $1.038B
YoY Change
Total Liabilities & Shareholders Equity $3.892B $3.887B $3.887B
YoY Change 8.25% 4.7% 4.7%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$36.96M -$45.49M $140.6M
YoY Change -68.01% -401.44% -231.83%
Depreciation, Depletion And Amortization $77.70M $79.61M $300.2M
YoY Change 7.39% 5.95% -0.14%
Cash From Operating Activities $55.09M $5.579M $223.7M
YoY Change -32.46% -75.62% -29.84%
INVESTING ACTIVITIES
Capital Expenditures $130.8M $123.0M $620.0M
YoY Change -16.39% -187.34% 29.07%
Acquisitions
YoY Change
Other Investing Activities $1.915M -$12.25M $636.2M
YoY Change -96.31% -125.76% -699.66%
Cash From Investing Activities -$128.9M -$135.3M $16.24M
YoY Change 23.28% 44.96% -102.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.150M -6.506M -13.73M
YoY Change 69.04% -109.11% -106.49%
NET CHANGE
Cash From Operating Activities 55.09M 5.579M 223.7M
Cash From Investing Activities -128.9M -135.3M 16.24M
Cash From Financing Activities -4.150M -6.506M -13.73M
Net Change In Cash -77.98M -136.2M 226.2M
YoY Change 206.22% -14391.4% -504.49%
FREE CASH FLOW
Cash From Operating Activities $55.09M $5.579M $223.7M
Capital Expenditures $130.8M $123.0M $620.0M
Free Cash Flow -$75.74M -$117.4M -$396.3M
YoY Change 1.09% -171.72% 145.4%

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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:10.1pt;text-indent:-10.1pt;margin:0pt;"><b style="font-weight:bold;">Use of Estimates</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:10.1pt;text-indent:-10.1pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Preparation of the financial statements in conformity with accounting principles generally accepted in the United States and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) requires management to make estimates and assumptions that effect the reported amounts of assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results may differ materially from those estimates.  Our critical accounting estimates include (i) impairment evaluations associated with indefinite-lived intangible assets (Note 1), (ii) the determination of deferred tax asset and liability balances (Notes 1 and 14) and (iii) pension plan and other post-retirement costs and obligations (Notes 1 and 13). </p>
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CY2021 us-gaap Provision For Doubtful Accounts
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CY2020 us-gaap Depreciation And Amortization
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804000
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CY2021 us-gaap Interest Paid Net
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CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2022 us-gaap Prior Period Reclassification Adjustment Description
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">Reclassifications</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-weight:bold;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Certain amounts in our 2021 and 2020 consolidated financial statements have been reclassified to conform to the current year presentation primarily related to the presentation of the financial results for our wireless partnership interests as discontinued operations.</p>
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25322000
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23893000
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12900000
CY2021 cnsl Contract With Customer Assets Expenses Recognized
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11100000
CY2021 cnsl Contract With Customer Assets Expenses Recognized
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11100000
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9000000.0
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478900000
CY2021 cnsl Contract With Customer Liability Revenue Recognized From Additions Made During Period
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471700000
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CY2020 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2021 cnsl Net Income Loss Continuing Operations Before Earnings Allocated To Participating Securities
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CY2020 us-gaap Undistributed Earnings Loss From Continuing Operations Available To Common Shareholders Basic
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CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax
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2417000
CY2022 us-gaap Undistributed Earnings Loss From Discontinued Operations Available To Common Shareholders Basic
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309192000
CY2021 us-gaap Undistributed Earnings Loss From Discontinued Operations Available To Common Shareholders Basic
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CY2020 us-gaap Undistributed Earnings Loss From Discontinued Operations Available To Common Shareholders Basic
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CY2022 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
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CY2021 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
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CY2020 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021 us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2020 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1356000
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
8469000
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
8359000
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
8421000
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
2167000
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
2054000
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
2205000
CY2022 us-gaap Lease Cost
LeaseCost
16884000
CY2021 us-gaap Lease Cost
LeaseCost
15671000
CY2020 us-gaap Lease Cost
LeaseCost
19424000
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-59571000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
8003000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
8111000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
8325000
CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1444000
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1106000
CY2020 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1356000
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
9836000
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
6365000
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
9020000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
9261000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5673000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6842000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
20592000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
13888000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
2534000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
6659000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
14742000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5684000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
12903000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4973000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
2847000
CY2022 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
58002000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
1770000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
7209000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3488000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
1847000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
11695000
CY2022Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
1224000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
35346000
CY2022Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
39695000
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
8021000
CY2022Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
3949000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
27325000
CY2022 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y7M6D
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-109418000
CY2021 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
34212000
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
35746000
CY2022 us-gaap Sales Type Lease Lease Income
SalesTypeLeaseLeaseIncome
3800000
CY2022 us-gaap Sales Type Lease Selling Profit Loss
SalesTypeLeaseSellingProfitLoss
1500000
CY2022Q4 cnsl Period In Which Cash Payments Are Waived
PeriodInWhichCashPaymentsAreWaived
P2Y
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
5400000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
10050000
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
1936434
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
1729802
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
1104379
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
8100000
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
7300000
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
6400000
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10755000
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10097000
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7533000
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2800000
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2600000
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2000000.0
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
12400000
CY2022 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-959000
CY2021 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-15635000
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
49847000
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
58961000
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-610000
CY2022 cnsl Number Of Non Contributory Qualified Defined Benefit Pension Plans
NumberOfNonContributoryQualifiedDefinedBenefitPensionPlans
3
CY2022 cnsl Deferred Compensation Arrangement Minimum Number Of Years Benefits Are Payable
DeferredCompensationArrangementMinimumNumberOfYearsBenefitsArePayable
P5Y
CY2022 cnsl Deferred Compensation Arrangement Minimum Age For Commencement Of Payment
DeferredCompensationArrangementMinimumAgeForCommencementOfPayment
P55Y
CY2022Q4 cnsl Deferred Compensation Accrual For Frozen Plans
DeferredCompensationAccrualForFrozenPlans
0
CY2021 us-gaap Deferred Compensation Arrangement With Individual Contributions By Employer
DeferredCompensationArrangementWithIndividualContributionsByEmployer
200000
CY2022 us-gaap Deferred Compensation Arrangement With Individual Contributions By Employer
DeferredCompensationArrangementWithIndividualContributionsByEmployer
200000
CY2022Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
500000
CY2021Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
600000
CY2022 cnsl Number Of Life Insurance Policies
NumberOfLifeInsurancePolicies
22
CY2021 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
100000
CY2022Q4 cnsl Excess Of Cash Surrender Value Of Life Insurance Over Related Notes Payable
ExcessOfCashSurrenderValueOfLifeInsuranceOverRelatedNotesPayable
2800000
CY2021Q4 cnsl Excess Of Cash Surrender Value Of Life Insurance Over Related Notes Payable
ExcessOfCashSurrenderValueOfLifeInsuranceOverRelatedNotesPayable
2700000
CY2022Q4 us-gaap Deferred Compensation Arrangement With Individual Recorded Liability
DeferredCompensationArrangementWithIndividualRecordedLiability
6300000
CY2021Q4 us-gaap Deferred Compensation Arrangement With Individual Recorded Liability
DeferredCompensationArrangementWithIndividualRecordedLiability
6200000
CY2022Q4 us-gaap Fair Value Investments Entities That Calculate Net Asset Value Per Share Unfunded Committments
FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments
0
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
15800000
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
15600000
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
15600000
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
199000
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
305000
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
314000
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
830000
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
470000
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2578000
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1029000
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
775000
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2892000
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-20983000
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-3921000
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
187000
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-7104000
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
14000
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
36384000
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
44044000
CY2021Q4 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
4000
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1400000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-28087000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-3907000
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1213000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-27058000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3132000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1679000
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.053
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.047
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.104
CY2021 cnsl Effective Income Tax Rate Reconciliation Affiliate Investments
EffectiveIncomeTaxRateReconciliationAffiliateInvestments
-0.233
CY2020 cnsl Effective Income Tax Rate Reconciliation Affiliate Investments
EffectiveIncomeTaxRateReconciliationAffiliateInvestments
-0.208
CY2022 cnsl Effective Income Tax Rate Reconciliation Other Permanent Differences
EffectiveIncomeTaxRateReconciliationOtherPermanentDifferences
-0.007
CY2021 cnsl Effective Income Tax Rate Reconciliation Other Permanent Differences
EffectiveIncomeTaxRateReconciliationOtherPermanentDifferences
-0.004
CY2020 cnsl Effective Income Tax Rate Reconciliation Other Permanent Differences
EffectiveIncomeTaxRateReconciliationOtherPermanentDifferences
0.098
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.015
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.002
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.054
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.003
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.012
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.178
CY2022 cnsl Effective Income Tax Rate Reconciliation Provision To Return
EffectiveIncomeTaxRateReconciliationProvisionToReturn
0.001
CY2021 cnsl Effective Income Tax Rate Reconciliation Provision To Return
EffectiveIncomeTaxRateReconciliationProvisionToReturn
0.019
CY2020 cnsl Effective Income Tax Rate Reconciliation Provision To Return
EffectiveIncomeTaxRateReconciliationProvisionToReturn
-0.070
CY2022 cnsl Effective Income Tax Rate Reconciliation Nondeductible Expense Goodwill Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseGoodwillPercent
-0.134
CY2021 cnsl Effective Income Tax Rate Reconciliation Nondeductible Expense Goodwill Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseGoodwillPercent
-0.010
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.003
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.003
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.036
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.132
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.022
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.222
CY2022Q4 cnsl Deferred Tax Assets Tax Deferred Reserves And Accruals Allowance For Doubtful Accounts Noncurrent
DeferredTaxAssetsTaxDeferredReservesAndAccrualsAllowanceForDoubtfulAccountsNoncurrent
3032000
CY2021Q4 cnsl Deferred Tax Assets Tax Deferred Reserves And Accruals Allowance For Doubtful Accounts Noncurrent
DeferredTaxAssetsTaxDeferredReservesAndAccrualsAllowanceForDoubtfulAccountsNoncurrent
2632000
CY2022Q4 cnsl Deferred Tax Assets Noncurrent Tax Deferred Expense Compensation And Benefits Compensated Absences
DeferredTaxAssetsNoncurrentTaxDeferredExpenseCompensationAndBenefitsCompensatedAbsences
4501000
CY2021Q4 cnsl Deferred Tax Assets Noncurrent Tax Deferred Expense Compensation And Benefits Compensated Absences
DeferredTaxAssetsNoncurrentTaxDeferredExpenseCompensationAndBenefitsCompensatedAbsences
4388000
CY2022Q4 cnsl Deferred Noncurrent Tax Assets Tax Accrued Expenses And Deferred Revenue
DeferredNoncurrentTaxAssetsTaxAccruedExpensesAndDeferredRevenue
15458000
CY2021Q4 cnsl Deferred Noncurrent Tax Assets Tax Accrued Expenses And Deferred Revenue
DeferredNoncurrentTaxAssetsTaxAccruedExpensesAndDeferredRevenue
15019000
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
71576000
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
100402000
CY2022Q4 us-gaap Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
19580000
CY2021Q4 us-gaap Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
2402000
CY2022Q4 cnsl Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions And Postretirement Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensionsAndPostretirementBenefits
34083000
CY2021Q4 cnsl Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions And Postretirement Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensionsAndPostretirementBenefits
57507000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
2347000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
1706000
CY2022Q4 us-gaap Deferred Tax Liabilities Derivatives
DeferredTaxLiabilitiesDerivatives
1815000
CY2021Q4 us-gaap Deferred Tax Assets Derivative Instruments
DeferredTaxAssetsDerivativeInstruments
2633000
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
4282000
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
4854000
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
153044000
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
191543000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
8379000
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
8580000
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
144665000
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
182963000
CY2022Q4 cnsl Deferred Tax Liabilities Partnership Investments
DeferredTaxLiabilitiesPartnershipInvestments
-271000
CY2021Q4 cnsl Deferred Tax Liabilities Partnership Investments
DeferredTaxLiabilitiesPartnershipInvestments
16902000
CY2022Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
3547000
CY2022Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
9079000
CY2022Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
299934000
CY2022Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
5793000
CY2022Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.03
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
377886000
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
310579000
CY2022Q4 us-gaap Deferred Tax Liabilities Deferred Expense Deferred Financing Costs
DeferredTaxLiabilitiesDeferredExpenseDeferredFinancingCosts
4976000
CY2021Q4 us-gaap Deferred Tax Liabilities Deferred Expense Deferred Financing Costs
DeferredTaxLiabilitiesDeferredExpenseDeferredFinancingCosts
5892000
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1000
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
418974000
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
377421000
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
274309000
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
194458000
CY2022 cnsl Discontinued Operation Taxable Gain Recognized On Sale
DiscontinuedOperationTaxableGainRecognizedOnSale
477700000
CY2022Q4 cnsl Estimated States Income Tax Payments
EstimatedStatesIncomeTaxPayments
8000000.0
CY2021 cnsl Increase Decrease Tax Expense Noncash Pik Interest Discount Issuance Costs And Fv Adjustments On Cpr
IncreaseDecreaseTaxExpenseNoncashPikInterestDiscountIssuanceCostsAndFvAdjustmentsOnCpr
33100000
CY2020 cnsl Increase Decrease Tax Expense Noncash Pik Interest Discount Issuance Costs And Fv Adjustments On Cpr
IncreaseDecreaseTaxExpenseNoncashPikInterestDiscountIssuanceCostsAndFvAdjustmentsOnCpr
-1600000
CY2022Q4 cnsl Operating Loss Carryforwards Indefinite Period
OperatingLossCarryforwardsIndefinitePeriod
154700000
CY2022Q4 cnsl Deferred Tax Assets Operating Loss Carryforwards Indefinite Period
DeferredTaxAssetsOperatingLossCarryforwardsIndefinitePeriod
32500000
CY2017Q4 cnsl Operating Loss Carryforwards Limited Period
OperatingLossCarryforwardsLimitedPeriod
140700000
CY2017Q4 cnsl Deferred Tax Assets Operating Loss Carryforwards Limited Period
DeferredTaxAssetsOperatingLossCarryforwardsLimitedPeriod
29500000
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
4900000
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
4900000
CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
4700000
CY2022Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
4700000
CY2022Q4 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
134138000
CY2022Q4 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
17850000
CY2022Q4 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
7595000
CY2022Q4 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
961000
CY2022Q4 us-gaap Contractual Obligation Due In Fifth Year
ContractualObligationDueInFifthYear
885000
CY2022Q4 us-gaap Contractual Obligation Due After Fifth Year
ContractualObligationDueAfterFifthYear
2275000
CY2022Q4 us-gaap Contractual Obligation
ContractualObligation
163704000
CY2022 cnsl Loss Contingencies Number Of Subsidiaries In Receipt Of Assessment Notice
LossContingenciesNumberOfSubsidiariesInReceiptOfAssessmentNotice
2
CY2019 us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
2100000
CY2020Q4 cnsl Number Of Poles Sold In Joint Venture
NumberOfPolesSoldInJointVenture
343000
CY2020Q4 cnsl Number Of Poles Sold Solely Owned
NumberOfPolesSoldSolelyOwned
3800
CY2020Q4 cnsl Loss From Pole Sale Agreement
LossFromPoleSaleAgreement
1900000
CY2022Q4 cnsl Loss From Pole Sale Agreement
LossFromPoleSaleAgreement
8300000
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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OperatingIncomeLoss
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OperatingIncomeLoss
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IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-119096000
CY2022Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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-10591000
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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-11517000
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EarningsPerShareBasic
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EarningsPerShareBasic
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NetIncomeLossAvailableToCommonStockholdersBasic
282250000
CY2022Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-45490000
CY2022Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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CY2022Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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EarningsPerShareBasic
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CY2021Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2021Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2021Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
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CY2021Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2021Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2021Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2021Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2021Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
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12414000
CY2021Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2021Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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CY2021Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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CY2021Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
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0.05
CY2021Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.09
CY2021Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.07
CY2021Q1 us-gaap Earnings Per Share Basic
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CY2021Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2022 cnsl Loss From Pole Sale Agreement
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8300000
CY2021Q4 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
-5900000

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