Shenandoah Telecommunications Co (SHEN) financial statements (2021 and earlier)

Company profile

Business Address PO BOX 459
EDINBURG, VA 22824
State of Incorp. VA
Fiscal Year End December 31
SIC 4813 - Telephone Communications, Except Radiotelephone (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments104877936776938
Cash and cash equivalents102857936776938
Short-term investments22     
Receivables74607170374526
Inventory, net of allowances, customer advances and progress billings656394911
Inventory656394911
Prepaid expense 1117    
Capitalized contract cost5 
Derivative instruments and hedges, assets15     
Prepaid expense and other current assets6
Income taxes receivable17
Other current assets32     
Other undisclosed current assets4640 16951
Total current assets:23921017316112812898
Noncurrent Assets
Operating lease, right-of-use asset393
Property, plant and equipment700701686698410406409
Long-term investments and receivables1211111011109
Long-term investments1211111011109
Intangible assets, net (including goodwill)463513527600 6871
Goodwill149146146145  0
Intangible assets, net (excluding goodwill)314366381455 6871
Deferred costs53501415 710
Other noncurrent assets    8075 
Prepaid expense and other noncurrent assets81
Other undisclosed noncurrent assets     (75)(81)
Total noncurrent assets:1,6221,2751,2391,323501491499
TOTAL ASSETS:1,8611,4851,4121,484629619597
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities656052112272413
Accounts payable40362973131113
Accrued liabilities1415142987 
Employee-related liabilities1099965 
Taxes payable   0   
Deferred revenue8
Debt7421643223236
Customer advances and deposits21201212
Contract with customer, liability8
Other undisclosed current liabilities      26
Total current liabilities:14789138164615944
Noncurrent Liabilities
Long-term debt and lease obligation688750758797 201224
Long-term debt, excluding current maturities688750758797 201224
Liabilities, other than long-term debt, including:555204166227919388
Asset retirement obligations37292116776
Deferred tax liabilities, net   757775
Deferred income tax liabilities136
Liability, pension and other postretirement and postemployment benefits13121318  
Other liabilities171415249107
Other undisclosed liabilities, other than long-term debt352150117170   
Other undisclosed noncurrent liabilities    8(194)(218)
Total noncurrent liabilities:1,2449549241,0249910094
Total liabilities:1,3911,0431,0621,189161160138
Stockholders' equity
Stockholders' equity attributable to parent469442350296290258234
Common stock  4545333027
Additional paid in capital4247     
Accumulated other comprehensive income0887013
Retained earnings427387297244257228205
Total stockholders' equity:469442350296290258234
Other undisclosed liabilities and equity    178201224
TOTAL LIABILITIES AND EQUITY:1,8611,4851,4121,484629619597

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues634631612535342327309
Revenue, net612535342327309
Cost of revenue
(Cost of Goods and Services Sold)
  (212)(194)(121)(130)(125)
Gross profit:634631400342221197184
Operating expenses(537)(538)(565)(513)(268)(265)(254)
Other undisclosed operating income  212194121130125
Operating income:97934723746255
Nonoperating income3444222
Investment income, nonoperating (0)10001
Interest and debt expense(29)(35)(38)(25)(7)(8)(8)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (0)10001
Income from continuing operations before equity method investments, income taxes:7162132695649
Income from equity method investments     11
Income from continuing operations before income taxes:7162132695750
Income tax expense (benefit)(16)(16)53(3)(28)(22)(20)
Net income (loss):554766(1)413530
Other undisclosed net loss attributable to parent     (1)(1)
Net income (loss) available to common stockholders, diluted:554766(1)413430

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):554766(1)413530
Other comprehensive income (loss)3 (1)(4)01 
Comprehensive income (loss):584766(5)413630
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(11)0211(1)(3)3
Comprehensive income, net of tax, attributable to parent:4747685403233

Statements sources

The financial statements are based on the company's filings with the 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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