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
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments46,230392,202141,54537,99328,42050,389
Cash and cash equivalents43,779389,735139,25535,96626,30448,396
Short-term investments2,4512,4672,2902,0272,1161,993
Receivables35,17620,84624,47323,49819,99120,933
Capitalized contract cost2,9772,7572,6753,0373,0262,985
Derivative instruments and hedges, assets2,9852,6261,4431,321  
Disposal group, including discontinued operation  56156159619,74222,432
Other current assets6,7122,2772,5073,0123,0181,364
Other undisclosed current assets5,4424,8982,8674,9974,7146,420
Total current assets:99,522426,167176,07174,45478,911104,523
Noncurrent Assets
Operating lease, right-of-use asset20,44414,17050,64051,83252,25854,999
Property, plant and equipment1,337,252896,208879,499822,494786,446739,587
Long-term investments and receivables15,13513,40813,19812,91813,01613,118
Long-term investments15,13513,40813,19812,91813,01613,118
Intangible assets, net (including goodwill), including:169,48981,08381,12381,18781,27081,392
Intangible assets, net (excluding goodwill)91,61577,83981,12377,94381,27081,392
Other undisclosed intangible assets, net (including goodwill)77,8743,244 3,244  
Deferred costs14,49114,88613,69815,82515,55713,021
Total noncurrent assets:1,556,8111,019,7551,038,158984,256948,547902,117
TOTAL ASSETS:1,656,3331,445,9221,214,2291,058,7101,027,4581,006,640
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities72,98961,28463,18955,12354,00464,925
Accounts payable57,72550,28153,54643,36041,23848,822
Accrued liabilities15,26411,0039,64311,76312,76616,103
Deferred revenue14,92812,26713,24113,12012,35912,391
Debt8,7267,8797,0952,4121,0561,302
Disposal group, including discontinued operation     3,8043,815
Other undisclosed current liabilities15,4469,60314,83013,76610,6089,803
Total current liabilities:112,08991,03398,35584,42181,83192,236
Noncurrent Liabilities
Long-term debt and lease obligation288,570290,716292,804147,494123,79598,655
Long-term debt, excluding current maturities288,570290,716292,804147,494123,79598,655
Liabilities, other than long-term debt243,212192,530170,400172,432172,407172,969
Asset retirement obligations   10,0699,94210,18710,252
Deferred income tax liabilities186,305163,72688,14788,93887,83086,335
Liability, pension and other postretirement and postemployment benefits4,9714,1613,9433,9724,0353,887
Other liabilities40,50516,28119,88320,07820,48320,866
Operating lease, liability11,4318,36248,35849,50249,87251,629
Total noncurrent liabilities:531,782483,246463,204319,926296,202271,624
Total liabilities:643,871574,279561,559404,347378,033363,860
Temporary equity, carrying amount79,380     
Equity
Equity, attributable to parent933,082871,643652,670654,363649,425642,780
Additional paid in capital143,78469,61666,93365,11862,88860,160
Accumulated other comprehensive income3,4053,2621,6683,2422,127 
Retained earnings785,893798,765584,069586,003584,410582,620
Total equity:933,082871,643652,670654,363649,425642,780
TOTAL LIABILITIES AND EQUITY:1,656,3331,445,9221,214,2291,058,7101,027,4581,006,640

Income Statement (P&L) ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Revenues85,79969,24872,51071,84271,34171,686
Cost of revenue(59,449)(42,453)(25,707)(27,751)(42,226)(42,130)
Cost of goods and services sold(34,541)(25,985)(25,707)(27,751)(26,076)(26,567)
Gross profit:26,35026,79546,80344,09129,11529,556
Operating expenses(42,235)(29,571)208,285(70,355)(26,746)(26,828)
Other undisclosed operating income (loss)   (252,048)27,751  
Operating income (loss):(15,885)(2,776)3,0401,4872,3692,728
Nonoperating income (expense)1,9081,736(733)8261771,117
Interest and debt expense(3,996)(4,076)(19)(20)(19)(20)
Income (loss) from continuing operations before equity method investments, income taxes:(17,973)(5,116)2,2882,2932,5273,825
Other undisclosed income from continuing operations before income taxes   19201920
Income (loss) from continuing operations before income taxes:(17,973)(5,116)2,3072,3132,5463,845
Income tax expense (benefit)5,2001,026282(720)(756)(1,779)
Net income (loss):(12,773)(4,090)2,5891,5931,7902,066
Net loss attributable to noncontrolling interest      
Other undisclosed net income (loss) attributable to parent (99)218,786    
Net income (loss) attributable to parent:(12,872)214,6962,5891,5931,7902,066
Other undisclosed net income available to common stockholders, basic      
Net income (loss) available to common stockholders, diluted:(12,872)214,6962,5891,5931,7902,066

Comprehensive Income ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Net income (loss):(12,773)(4,090)2,5891,5931,7902,066
Net loss attributable to redeemable noncontrolling interest  
Other comprehensive income 143   2,127 
Other undisclosed comprehensive loss      
Comprehensive income (loss):(12,630)(4,090)2,5891,5933,9172,066
Comprehensive loss, net of tax, attributable to noncontrolling interest      
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (99)220,380(1,574)1,115  
Comprehensive income (loss), net of tax, attributable to parent:(12,729)216,2901,0152,7083,9172,066

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.

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