Overview
New Ulm Telecom operates three incumbent local-exchange carriers (ILECs) serving southern Minnesota and northern Iowa: an ILEC serving New Ulm, Minnesota, and surrounding communities; subsidiary Western Telephone, operating in the Springfield, Minnesota, area; and Peoples Telephone, serving portions of Cherokee and Buena Vista counties in Iowa. Operating under the common NU-Telecom brand, they make up New Ulm's Telecom Segment and provide traditional
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Read More phone services, such as local exchange access and long-distance, as well as cable TV and Internet access. The company's Phonery division provides customer premise equipment (CPE), offers transport services, and resells long distance toll services.
Read Less
Read More phone services, such as local exchange access and long-distance, as well as cable TV and Internet access. The company's Phonery division provides customer premise equipment (CPE), offers transport services, and resells long distance toll services.
Read Less
Glenn Zerbe
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Wired and Wireless Telecommunications (except Satellite)
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Local telephone communications
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Modelled
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Actual
$69.24 million
Actual
5.24%
$273
DEC
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OTC:NUVR
Contacts
Get in Touch with 3 Principals* and 102 Contacts
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Glenn ZerbePresident and Chief Executive Officer
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Contact 2?
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Contact 3?
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$69.24 million
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $19 | $19 | $27 |
| Net Investing Cash | -$44 | -$63 | -$54 |
| Net Financing Cash | $26 | $45 | $25 |
| Net Change in Cash | $1 | $1 | -$2 |
| Cash at Beginning of Period | $1 | $0 | $2 |
| Cash at End of Period | $2 | $1 | $0 |
| Capital Expenditure | -$54 | -$56 | -$38 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $2 | $1 | $0 |
| Accounts Receivable | $2 | $3 | $4 |
| Inventories | $25 | $34 | $24 |
| Other Current Assets | $3 | $2 | $2 |
| Asset Summary | |||
| Total Current Assets | $32 | $41 | $30 |
| Tangible Fixed Assets | $185 | $157 | $108 |
| Intangible Assets | $12 | $14 | $16 |
| Total Assets | $274 | $264 | $217 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $11 | $13 | $7 |
| Short-Term Debt | $2 | $2 | $ |
| Other Current Liabilities | $2 | $4 | $5 |
| Liability Summary | |||
| Total Current Liabilities | $15 | $19 | $12 |
| Long-Term Debt | $141 | $123 | $79 |
| Other Long-Term Liabilities | $ | $ | $0 |
| Total Liabilities | $180 | $166 | $115 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $9 | $9 | $8 |
| Retained Earnings | $85 | $88 | $92 |
| Equity Summary | |||
| Total Equity | $94 | $98 | $103 |
| Shares Outstanding | 5,178,176 | 5,133,207 | 5,093,213 |