Shenandoah Telecommunications Co (SHEN) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
PO BOX 459 EDINBURG, VA 22824 |
| State of Incorp. | VA |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4813 - Telephone Communications, Except Radiotelephone (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 141,545 | 45,950 | 86,661 | 198,084 | 103,929 | 86,865 | |||
| Cash and cash equivalents | 139,255 | 44,061 | 84,344 | 195,397 | 101,651 | 85,086 | |||
| Short-term investments | 2,290 | 1,889 | 2,317 | 2,687 | 2,278 | 1,779 | |||
| Receivables | 24,473 | 50,370 | 52,193 | 70,393 | 73,847 | 59,689 | |||
| Inventory, net of allowances, customer advances and progress billings | 5,728 | 5,265 | |||||||
| Inventory | 5,728 | 5,265 | |||||||
| Prepaid expense | 11,245 | ||||||||
| Capitalized contract cost | 2,675 | 2,809 | 2,502 | 4,417 | 4,898 | ||||
| Derivative instruments and hedges, assets | 1,443 | 1,382 | 4,930 | ||||||
| Disposal group, including discontinued operation | 561 | 22,622 | 1,133,294 | ||||||
| Other current assets | 2,507 | 1,256 | 2,018 | 1,196 | 3,352 | 2,049 | |||
| Other undisclosed current assets | 2,867 | 5,555 | 22,993 | 1,331 | 45,895 | 40,159 | |||
| Total current assets: | 176,071 | 128,562 | 166,367 | 1,408,715 | 239,031 | 210,202 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 50,640 | 53,859 | 56,414 | 50,387 | 392,589 | ✕ | |||
| Property, plant and equipment | 879,499 | 687,553 | 554,162 | 440,427 | 700,114 | 701,359 | |||
| Long-term investments and receivables | 13,198 | 12,971 | 13,661 | 13,769 | 12,388 | 10,788 | |||
| Long-term investments | 13,198 | 12,971 | 13,661 | 13,769 | 12,388 | 10,788 | |||
| Intangible assets, net (including goodwill) | 81,123 | 81,515 | 89,831 | 106,759 | 463,217 | 512,526 | |||
| Goodwill | 149,070 | 146,497 | |||||||
| Intangible assets, net (excluding goodwill) | 81,123 | 81,515 | 89,831 | 106,759 | 314,147 | 366,029 | |||
| Other undisclosed intangible assets, net (including goodwill) | |||||||||
| Deferred costs | 13,698 | 13,259 | 10,298 | 11,650 | 53,352 | 49,891 | |||
| Total noncurrent assets: | 1,038,158 | 849,157 | 724,366 | 622,992 | 1,621,660 | 1,274,564 | |||
| TOTAL ASSETS: | 1,214,229 | 977,719 | 890,733 | 2,031,707 | 1,860,691 | 1,484,766 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 63,189 | 67,079 | 52,844 | 56,832 | 64,761 | 60,002 | |||
| Taxes payable | ✕ | ✕ | ✕ | 6,951 | |||||
| Employee-related liabilities | ✕ | ✕ | ✕ | 9,653 | 16,413 | 10,075 | 9,452 | ||
| Accounts payable | 53,546 | 49,173 | 28,542 | 19,599 | 40,295 | 35,987 | |||
| Accrued liabilities | 9,643 | 17,906 | 14,649 | 13,869 | 14,391 | 14,563 | |||
| Deferred revenue | 13,241 | 12,425 | 11,128 | 8,594 | 8,358 | ✕ | |||
| Debt | 7,095 | 648 | 688,463 | 74,217 | 20,618 | ||||
| Disposal group, including discontinued operation | 3,824 | 452,202 | |||||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 7,919 | ||
| Other undisclosed current liabilities | 14,830 | 12,445 | 3,318 | 1,970 | |||||
| Total current liabilities: | 98,355 | 96,421 | 67,290 | 1,208,061 | 147,336 | 88,539 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 292,804 | 74,306 | 51,692 | 46,095 | 688,464 | 749,624 | |||
| Long-term debt, excluding current maturities | 292,804 | 74,306 | 688,464 | 749,624 | |||||
| Liabilities, other than long-term debt, including: | 170,400 | 168,985 | 181,168 | 241,252 | 555,469 | 204,356 | |||
| Asset retirement obligations | 10,069 | 9,932 | 9,615 | 4,955 | 36,914 | 28,584 | |||
| Deferred income tax liabilities | 88,147 | 84,600 | 86,014 | 150,652 | 136,451 | ✕ | |||
| Liability, pension and other postretirement and postemployment benefits | 3,943 | 3,758 | 8,216 | 14,645 | 12,675 | 11,519 | |||
| Other liabilities | 19,883 | 20,218 | 25,631 | 24,905 | 16,990 | 14,364 | |||
| Operating lease, liability | 48,358 | 50,477 | 51,692 | 46,095 | ✕ | ||||
| Other undisclosed liabilities, other than long-term debt | 51,692 | 46,095 | 352,439 | 149,889 | |||||
| Total noncurrent liabilities: | 463,204 | 243,291 | 232,860 | 287,347 | 1,243,933 | 953,980 | |||
| Total liabilities: | 561,559 | 339,712 | 300,150 | 1,495,408 | 1,391,269 | 1,042,519 | |||
| Temporary equity, carrying amount | |||||||||
| Equity | |||||||||
| Equity, attributable to parent | 652,670 | 638,007 | 642,275 | 582,394 | 469,422 | 442,247 | |||
| Additional paid in capital | 66,933 | 57,453 | 49,351 | 47,317 | 42,110 | 47,456 | |||
| Accumulated other comprehensive income (loss) | 1,668 | (4,706) | 308 | 8,280 | |||||
| Retained earnings | 584,069 | 580,554 | 592,924 | 539,783 | 427,004 | 386,511 | |||
| Total equity: | 652,670 | 638,007 | 642,275 | 582,394 | 469,422 | 442,247 | |||
| Other undisclosed liabilities and equity | (51,692) | (46,095) | |||||||
| TOTAL LIABILITIES AND EQUITY: | 1,214,229 | 977,719 | 890,733 | 2,031,707 | 1,860,691 | 1,484,766 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 287,379 | 267,371 | 245,239 | 220,775 | 633,906 | 630,854 | ||
| Cost of revenue | (106,101) | (173,242) | (155,256) | (88,203) | ||||
| Cost of goods and services sold | (106,101) | (107,546) | (102,299) | (88,203) | ||||
| Gross profit: | 181,278 | 94,129 | 89,983 | 132,572 | 633,906 | 630,854 | ||
| Operating expenses | (102,087) | (92,413) | (536,860) | (537,608) | ||||
| Other undisclosed operating loss | (171,654) | (133,719) | ||||||
| Operating income (loss): | 9,624 | (7,958) | (2,430) | (1,147) | 97,046 | 93,246 | ||
| Nonoperating income (expense) | 1,387 | (1,348) | 8,665 | 3,187 | 3,461 | 3,988 | ||
| Interest and debt expense | (78) | (2,600) | (29,468) | (34,847) | ||||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (275) | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 10,933 | (9,306) | 3,635 | 2,040 | 71,039 | 62,112 | ||
| Other undisclosed income from continuing operations before income taxes | 78 | 2,600 | ||||||
| Income (loss) from continuing operations before income taxes: | 11,011 | (9,306) | 6,235 | 2,040 | 71,039 | 62,112 | ||
| Income tax expense (benefit) | (2,973) | 927 | 1,694 | 586 | (16,104) | (15,517) | ||
| Income (loss) from continuing operations: | 8,038 | (8,379) | 7,929 | 2,626 | 54,935 | 46,595 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 7,929 | 2,626 | 54,935 | 46,595 | |
| Net income (loss): | 8,038 | (8,379) | 7,929 | 2,626 | 54,935 | 46,595 | ||
| Net loss attributable to noncontrolling interest | ||||||||
| Other undisclosed net income attributable to parent | 990,902 | 124,097 | ||||||
| Net income (loss) attributable to parent: | 8,038 | (8,379) | 998,831 | 126,723 | 54,935 | 46,595 | ||
| Other undisclosed net income available to common stockholders, basic | ||||||||
| Net income (loss) available to common stockholders, diluted: | 8,038 | (8,379) | 998,831 | 126,723 | 54,935 | 46,595 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 8,038 | (8,379) | 7,929 | 2,626 | 54,935 | 46,595 | ||
| Net loss attributable to redeemable noncontrolling interest | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other comprehensive income (loss) | (658) | 1,668 | 2,647 | |||||
| Other undisclosed comprehensive loss | ||||||||
| Comprehensive income (loss): | 8,038 | (8,379) | 7,271 | 4,294 | 57,582 | 46,595 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | ||||||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 1,668 | 996,266 | 117,415 | (10,619) | 50 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | 9,706 | (8,379) | 1,003,537 | 121,709 | 46,963 | 46,645 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.