Shenandoah Telecommunications Company (SHEN)

Accolade Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	29.08	46.27	139.26	44.06	84.34	195.4
Trading Asset Securities	-	1.77	1.44	-	-	-
Cash & Short-Term Investments	29.08	48.04	140.7	44.06	84.34	195.4
Cash Growth	-33.58%	-65.86%	219.32%	-47.76%	-56.84%	89.64%
Accounts Receivable	34.55	29.72	19.78	20.62	22.01	70.39
Other Receivables	3.28	1.24	4.69	29.76	30.19	-
Receivables	37.83	30.97	24.47	50.37	52.19	70.39
Prepaid Expenses	7.82	7.44	5.16	7.44	8.39	4.02
Other Current Assets	8.63	8.08	5.74	26.69	21.44	1,137
Total Current Assets	83.35	94.52	176.07	128.56	166.37	1,407
Property, Plant & Equipment	1,543	1,458	863.36	741.41	610.58	490.81
Long-Term Investments	13.15	13.76	11.71	11.08	11.34	11.08
Goodwill	67.06	67.06	3.24	3.24	3.24	3.24
Other Intangible Assets	89.78	90.67	77.88	78.27	86.59	103.52
Long-Term Deferred Charges	8.33	7.09	5.96	5.84	5.65	5.05
Other Long-Term Assets	9.57	9.1	76.01	9.31	6.97	4.09
Total Assets	1,815	1,740	1,214	977.72	890.73	2,024
Accounts Payable	62.52	57.82	53.55	49.17	28.54	19.6
Accrued Expenses	11.31	16.28	11.75	12.96	9.65	17.49
Current Portion of Long-Term Debt	10.2	9.2	7.1	0.65	-	692.51
Current Portion of Leases	3.09	3.39	2.22	2.83	3.32	1.97
Current Income Taxes Payable	-	-	-	-	-	6.95
Current Unearned Revenue	16.83	16.1	12.39	12.43	11.13	8.59
Other Current Liabilities	10.99	11.77	11.35	18.39	14.65	460.95
Total Current Liabilities	114.94	114.57	98.36	96.42	67.29	1,208
Long-Term Debt	501.61	407.68	292.8	74.31	-	-
Long-Term Leases	11.9	12.36	8.58	51.98	53.31	47.59
Long-Term Unearned Revenue	27.66	26.81	14.67	18.68	19.75	18.69
Long-Term Deferred Tax Liabilities	163.27	167.72	88.15	84.6	86.01	148.68
Other Long-Term Liabilities	2.97	5.15	55.06	9.97	13.88	9.68
Total Liabilities	827.28	739.23	561.56	339.71	248.46	1,447
Additional Paid-In Capital	153.12	147.73	66.93	57.45	49.35	47.32
Retained Earnings	747.85	769	584.07	580.55	592.92	534.44
Comprehensive Income & Other	1	1.85	1.67	-	-	-4.71
Total Common Equity	901.96	918.58	652.67	638.01	642.28	577.05
Minority Interest	85.43	82.46	-	-	-	-
Shareholders' Equity	987.4	1,001	652.67	638.01	642.28	577.05
Total Liabilities & Equity	1,815	1,740	1,214	977.72	890.73	2,024
Total Debt	526.8	432.63	310.7	129.76	56.62	742.07
Net Cash (Debt)	-497.73	-384.59	-170	-85.7	27.72	-546.67
Net Cash Per Share	-9.06	-7.16	-3.35	-1.71	0.55	-10.93
Filing Date Shares Outstanding	54.9	54.67	50.27	50.2	50.05	49.93
Total Common Shares Outstanding	54.61	54.61	50.27	50.11	49.97	49.87
Working Capital	-31.59	-20.05	77.72	32.14	99.08	198.55
Book Value Per Share	16.52	16.82	12.98	12.73	12.85	11.57
Tangible Book Value	745.13	760.86	571.55	556.49	552.44	470.29
Tangible Book Value Per Share	13.65	13.93	11.37	11.11	11.06	9.43
Land	4.51	4.51	3.67	3.72	3.77	3.91
Buildings	53.51	52.71	42.87	93.46	96.32	91.34
Machinery	445.37	417.06	331.6	317.35	391.29	331.05
Construction In Progress	229.72	207.43	145.62	144.53	79.96	49.42

Updated Jul 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q