Shenandoah Telecommunications Co (SHEN) financial statements (2022 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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8719810487793677
Cash and cash equivalents8419510285793677
Short-term investments2322   
Receivables52707460717037
Inventory, net of allowances, customer advances and progress billings  656394
Inventory  656394
Prepaid expense   1117  
Capitalized contract cost345 ✕✕✕
Derivative instruments and hedges, assets  15   
Disposal group, including discontinued operation 1,133     
Other current assets2132   
Other undisclosed current assets2314640 169
Total current assets:1661,409239210173161128
Noncurrent Assets
Operating lease, right-of-use asset5650393✕✕✕✕
Property, plant and equipment554440700701686698410
Long-term investments and receivables14141211111011
Long-term investments14141211111011
Intangible assets, net (including goodwill)90107463513527600 
Goodwill  149146146145 
Intangible assets, net (excluding goodwill)90107314366381455 
Deferred costs101253501415 
Other noncurrent assets      80
Total noncurrent assets:7246231,6221,2751,2391,323501
TOTAL ASSETS:8912,0321,8611,4851,4121,484629
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities535765605211227
Accounts payable29204036297313
Accrued liabilities1514141514298
Employee-related liabilities1016109996
Taxes payable 7   0 
Deferred revenue1198✕✕✕✕
Debt 6887421643223
Disposal group, including discontinued operation 452     
Customer advances and deposits✕✕✕✕212012
Contract with customer, liability✕✕✕8✕✕✕
Other undisclosed current liabilities32     
Total current liabilities:671,2081478913816461
Noncurrent Liabilities
Long-term debt and lease obligation5246688750758797 
Long-term debt, excluding current maturities  688750758797 
Operating lease, liability5246 ✕✕✕✕
Liabilities, other than long-term debt, including:18124155520416622791
Asset retirement obligations105372921167
Deferred tax liabilities, net✕✕✕   75
Deferred income tax liabilities86151136✕✕✕✕
Liability, pension and other postretirement and postemployment benefits81513121318 
Other liabilities2625171415249
Other undisclosed liabilities, other than long-term debt5246352150117170 
Other undisclosed noncurrent liabilities      8
Total noncurrent liabilities:2332871,2449549241,02499
Total liabilities:3001,4951,3911,0431,0621,189161
Stockholders' equity
Stockholders' equity attributable to parent642582469442350296290
Common stock    454533
Additional paid in capital49474247   
Accumulated other comprehensive income (loss) (5)08870
Retained earnings593540427387297244257
Total stockholders' equity:642582469442350296290
Other undisclosed liabilities and equity(52)(46)    178
TOTAL LIABILITIES AND EQUITY:8912,0321,8611,4851,4121,484629

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues245221634631612535342
Revenue, net✕✕✕✕612535342
Cost of revenue(155)(88)  (212)(194)(121)
Cost of goods and services sold(102)(88)  (212)(194)(121)
Gross profit:90133634631400342221
Operating expenses(92) (537)(538)(565)(513)(268)
Other undisclosed operating income (loss) (134)  212194121
Operating income (loss):(2)(1)9793472374
Nonoperating income9334442
Investment income, nonoperating   (0)100
Interest and debt expense(3) (29)(35)(38)(25)(7)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (0)100
Income from continuing operations before equity method investments, income taxes:42716213269
Other undisclosed income from continuing operations before income taxes3      
Income from continuing operations before income taxes:62716213269
Income tax expense (benefit)21(16)(16)53(3)(28)
Net income (loss):83554766(1)41
Other undisclosed net income attributable to parent991124     
Net income (loss) available to common stockholders, diluted:999127554766(1)41

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):83554766(1)41
Other comprehensive income (loss)(1)23 (1)(4)0
Comprehensive income (loss):74584766(5)41
Other undisclosed comprehensive income (loss), net of tax, attributable to parent996117(11)0211(1)
Comprehensive income, net of tax, attributable to parent:1,004122474768540

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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