Shenandoah Telecommunications Company (SHEN)

SHEN 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	22.62	46.27	139.26	44.06	84.34	195.4
Trading Asset Securities	-	1.77	1.44	-	-	-
Cash & Short-Term Investments	22.62	48.04	140.7	44.06	84.34	195.4
Cash Growth	-49.06%	-65.86%	219.32%	-47.76%	-56.84%	89.64%
Accounts Receivable	25.31	29.72	19.78	20.62	22.01	70.39
Other Receivables	3.31	1.24	4.69	29.76	30.19	-
Receivables	28.62	30.97	24.47	50.37	52.19	70.39
Prepaid Expenses	8.66	7.44	5.16	7.44	8.39	4.02
Other Current Assets	8.1	8.08	5.74	26.69	21.44	1,137
Total Current Assets	67.99	94.52	176.07	128.56	166.37	1,407
Property, Plant & Equipment	1,591	1,458	863.36	741.41	610.58	490.81
Long-Term Investments	13.32	13.76	11.71	11.08	11.34	11.08
Goodwill	67.54	67.06	3.24	3.24	3.24	3.24
Other Intangible Assets	89.85	90.67	77.88	78.27	86.59	103.52
Long-Term Deferred Charges	8.79	7.09	5.96	5.84	5.65	5.05
Other Long-Term Assets	12.26	9.1	76.01	9.31	6.97	4.09
Total Assets	1,850	1,740	1,214	977.72	890.73	2,024
Accounts Payable	76.87	57.82	53.55	49.17	28.54	19.6
Accrued Expenses	14.84	16.28	11.75	12.96	9.65	17.49
Current Portion of Long-Term Debt	10.08	9.2	7.1	0.65	-	692.51
Current Portion of Leases	2.92	3.39	2.22	2.83	3.32	1.97
Current Income Taxes Payable	-	-	-	-	-	6.95
Current Unearned Revenue	16.81	16.1	12.39	12.43	11.13	8.59
Other Current Liabilities	13.88	11.77	11.35	18.39	14.65	460.95
Total Current Liabilities	135.4	114.57	98.36	96.42	67.29	1,208
Long-Term Debt	524.02	407.68	292.8	74.31	-	-
Long-Term Leases	11.44	12.36	8.58	51.98	53.31	47.59
Long-Term Unearned Revenue	27.57	26.81	14.67	18.68	19.75	18.69
Pension & Post-Retirement Benefits	5.12	4.95	3.94	3.76	8.22	14.65
Long-Term Deferred Tax Liabilities	160.13	167.72	88.15	84.6	86.01	148.68
Other Long-Term Liabilities	7.12	5.15	55.06	9.97	13.88	9.68
Total Liabilities	870.79	739.23	561.56	339.71	248.46	1,447
Additional Paid-In Capital	155.39	147.73	66.93	57.45	49.35	47.32
Retained Earnings	736.94	769	584.07	580.55	592.92	534.44
Comprehensive Income & Other	0.35	1.85	1.67	-	-	-4.71
Total Common Equity	892.68	918.58	652.67	638.01	642.28	577.05
Minority Interest	86.96	82.46	-	-	-	-
Shareholders' Equity	979.63	1,001	652.67	638.01	642.28	577.05
Total Liabilities & Equity	1,850	1,740	1,214	977.72	890.73	2,024
Total Debt	548.46	432.63	310.7	129.76	56.62	742.07
Net Cash (Debt)	-525.84	-384.59	-170	-85.7	27.72	-546.67
Net Cash Per Share	-9.56	-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	54.9	54.61	50.27	50.11	49.97	49.87
Working Capital	-67.41	-20.05	77.72	32.14	99.08	198.55
Book Value Per Share	16.26	16.82	12.98	12.73	12.85	11.57
Tangible Book Value	735.29	760.86	571.55	556.49	552.44	470.29
Tangible Book Value Per Share	13.39	13.93	11.37	11.11	11.06	9.43
Land	4.5	4.51	3.67	3.72	3.77	3.91
Buildings	53.92	52.71	42.87	93.46	96.32	91.34
Machinery	431.55	417.06	331.6	317.35	391.29	331.05
Construction In Progress	235.56	207.43	145.62	144.53	79.96	49.42

Updated Oct 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q