text: Interest expense was $3.5 million, a decrease of $0.7 million or 16.3%. The Company’s average debt outstanding 
  decreased approximately $4.8 million. Long-term debt (inclusive of current maturities), was $43.3 million at year-end 
  2003, versus $52.0 million at year-end 2002. The Company did not borrow any money on its revolving facilities in 
  2003. 
  
  Net losses on investments were $0.4 million, compared to a loss of $10.1 million from 2002. Results in 2002 include 
  the sale of the VeriSign, Inc. stock for a loss of $9.0 million. See Note 3 to the consolidated financial statements. 
  
  Non-operating income was a gain of $0.4 million, an increase of $0.5 million, due to an increase in patronage equity 
  earned from CoBank, the Company’s primary lender, and due to interest income from the proceeds on the sale of the 
  Virginia 10 RSA Limited partnership, offset by losses recorded for the Company’s portfolio of investments. 