Shenandoah Telecommunications Company (SHEN)

SHEN Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	43.1	139.26	44.06	84.34	195.4	101.65
Trading Asset Securities	1.31	1.44	-	-	-	1.38
Cash & Short-Term Investments	44.41	140.7	44.06	84.34	195.4	103.03
Cash Growth	19.10%	219.33%	-47.76%	-56.83%	89.65%	14.46%
Accounts Receivable	32.53	19.78	20.62	22.01	70.39	63.64
Other Receivables	4.7	4.69	29.76	30.19	-	10.31
Receivables	37.23	24.47	50.37	52.19	70.39	73.95
Prepaid Expenses	8.52	5.16	7.44	8.39	4.02	3.07
Other Current Assets	7.36	5.74	26.69	21.44	1,137	61.81
Total Current Assets	97.51	176.07	128.56	166.37	1,407	241.85
Property, Plant & Equipment	1,406	930.14	741.41	610.58	490.81	405.66
Long-Term Investments	12.79	11.71	11.08	11.34	11.08	11.36
Goodwill	71.68	3.24	3.24	3.24	3.24	2.69
Other Intangible Assets	91.14	77.88	78.27	86.59	103.52	85.55
Long-Term Deferred Charges	6.63	5.96	5.84	5.65	5.05	6.11
Other Long-Term Assets	8.96	9.23	9.31	6.97	4.09	1,146
Total Assets	1,695	1,214	977.72	890.73	2,024	1,899
Accounts Payable	65.95	53.55	49.17	28.54	19.6	40.3
Accrued Expenses	16.03	11.75	12.96	9.65	17.49	10.99
Current Portion of Long-Term Debt	8.63	7.1	0.65	-	692.51	31.65
Current Portion of Leases	3.65	3.19	2.83	3.32	1.97	1.73
Current Income Taxes Payable	-	-	-	-	6.95	-
Current Unearned Revenue	15.21	13.24	12.43	11.13	8.59	8.36
Other Current Liabilities	13.67	9.54	18.39	14.65	460.95	60.55
Total Current Liabilities	123.13	98.36	96.42	67.29	1,208	153.58
Long-Term Debt	335.93	292.8	74.31	-	-	688.46
Long-Term Leases	13.27	49.75	51.98	53.31	47.59	44.22
Long-Term Unearned Revenue	24.47	18.19	18.68	19.75	18.69	12.45
Long-Term Deferred Tax Liabilities	181.61	88.15	84.6	86.01	148.68	137.57
Other Long-Term Liabilities	85.94	10.36	9.97	13.88	9.68	377.53
Total Liabilities	769.45	561.56	339.71	248.46	1,447	1,426
Additional Paid-In Capital	145.36	66.93	57.45	49.35	47.32	42.11
Retained Earnings	778.99	584.07	580.55	592.92	534.44	430.01
Comprehensive Income & Other	1	1.67	-	-	-4.71	0.31
Shareholders' Equity	925.36	652.67	638.01	642.28	577.05	472.43
Total Liabilities & Equity	1,695	1,214	977.72	890.73	2,024	1,899
Total Debt	361.48	352.84	129.76	56.62	742.07	766.06
Net Cash (Debt)	-317.07	-212.14	-85.7	27.72	-546.67	-663.03
Net Cash Per Share	-5.98	-4.18	-1.71	0.55	-10.93	-13.23
Filing Date Shares Outstanding	54.6	50.27	50.2	50.05	49.93	49.78
Total Common Shares Outstanding	54.57	50.27	50.11	49.97	49.87	49.67
Working Capital	-25.62	77.72	32.14	99.08	198.55	88.28
Book Value Per Share	16.96	12.98	12.73	12.85	11.57	9.51
Tangible Book Value	762.54	571.55	556.49	552.44	470.29	384.19
Tangible Book Value Per Share	13.97	11.37	11.11	11.06	9.43	7.73
Land	4.51	3.69	3.72	3.77	3.91	3.68
Buildings	51.87	95.44	93.46	96.32	91.34	85.84
Machinery	395.66	337.81	317.35	391.29	331.05	278.87
Construction In Progress	231.25	145.71	144.53	79.96	49.42	31.23

Source: S&P Capital IQ. Standard template. Financial Sources.