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)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1981048779367769
Cash and cash equivalents1951028579367769
Short-term investments322    
Receivables70746071703745
Inventory, net of allowances, customer advances and progress billings 6563949
Inventory 6563949
Prepaid expense  1117   
Capitalized contract cost45 ✕✕✕✕
Derivative instruments and hedges, assets 15    
Disposal group, including discontinued operation1,133      
Other current assets132    
Other undisclosed current assets14640 1695
Total current assets:1,409239210173161128128
Noncurrent Assets
Operating lease, right-of-use asset50393✕✕✕✕✕
Property, plant and equipment440700701686698410406
Long-term investments and receivables14121111101110
Long-term investments14121111101110
Intangible assets, net (including goodwill)107463513527600 68
Goodwill 149146146145  
Intangible assets, net (excluding goodwill)107314366381455 68
Deferred costs1253501415 7
Other noncurrent assets     8075
Other undisclosed noncurrent assets      (75)
Total noncurrent assets:6231,6221,2751,2391,323501491
TOTAL ASSETS:2,0321,8611,4851,4121,484629619
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities576560521122724
Accounts payable20403629731311
Accrued liabilities141415142987
Employee-related liabilities161099965
Taxes payable7   0  
Deferred revenue98✕✕✕✕✕
Debt688742164322323
Disposal group, including discontinued operation452      
Customer advances and deposits✕✕✕21201212
Contract with customer, liability✕✕8✕✕✕✕
Other undisclosed current liabilities2      
Total current liabilities:1,208147891381646159
Noncurrent Liabilities
Long-term debt and lease obligation46688750758797 201
Long-term debt, excluding current maturities 688750758797 201
Operating lease, liability46 ✕✕✕✕✕
Liabilities, other than long-term debt, including:2415552041662279193
Asset retirement obligations53729211677
Deferred tax liabilities, net✕✕   7577
Deferred income tax liabilities151136✕✕✕✕✕
Liability, pension and other postretirement and postemployment benefits1513121318  
Other liabilities2517141524910
Other undisclosed liabilities, other than long-term debt46352150117170  
Other undisclosed noncurrent liabilities     8(194)
Total noncurrent liabilities:2871,2449549241,02499100
Total liabilities:1,4951,3911,0431,0621,189161160
Stockholders' equity
Stockholders' equity attributable to parent582469442350296290258
Common stock   45453330
Additional paid in capital474247    
Accumulated other comprehensive income (loss)(5)088701
Retained earnings540427387297244257228
Total stockholders' equity:582469442350296290258
Other undisclosed liabilities and equity(46)    178201
TOTAL LIABILITIES AND EQUITY:2,0321,8611,4851,4121,484629619

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues221634631612535342327
Revenue, net✕✕✕612535342327
Cost of revenue
(Cost of Goods and Services Sold)		(88)  (212)(194)(121)(130)
Gross profit:133634631400342221197
Operating expenses (537)(538)(565)(513)(268)(265)
Other undisclosed operating income (loss)(134)  212194121130
Operating income (loss):(1)979347237462
Nonoperating income3344422
Investment income, nonoperating  (0)1000
Interest and debt expense (29)(35)(38)(25)(7)(8)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  (0)1000
Income from continuing operations before equity method investments, income taxes:271621326956
Income from equity method investments      1
Income from continuing operations before income taxes:271621326957
Income tax expense (benefit)1(16)(16)53(3)(28)(22)
Net income (loss):3554766(1)4135
Other undisclosed net income (loss) attributable to parent124     (1)
Net income (loss) available to common stockholders, diluted:127554766(1)4134

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):3554766(1)4135
Other comprehensive income (loss)23 (1)(4)01
Comprehensive income (loss):4584766(5)4136
Other undisclosed comprehensive income (loss), net of tax, attributable to parent117(11)0211(1)(3)
Comprehensive income, net of tax, attributable to parent:12247476854032

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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