Shenandoah Telecommunications Company (SHEN)

SHEN Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	18.65	27.26	46.27	139.26	44.06	84.34
Trading Asset Securities	-	-	-	1.44	-	-
Cash & Short-Term Investments	18.65	27.26	46.27	140.7	44.06	84.34
Cash Growth	-17.57%	-41.09%	-67.11%	219.32%	-47.76%	-56.84%
Accounts Receivable	22.39	31.5	29.72	19.78	20.62	22.01
Other Receivables	3.45	2.54	1.24	4.69	29.76	30.19
Receivables	25.83	34.04	30.97	24.47	50.37	52.19
Prepaid Expenses	7.44	7.06	7.44	5.16	7.44	8.39
Restricted Cash	27.01	20.95	-	-	-	-
Other Current Assets	9.18	8.14	9.85	5.74	26.69	21.44
Total Current Assets	88.11	97.44	94.52	176.07	128.56	166.37
Property, Plant & Equipment	1,730	1,621	1,458	863.36	741.41	610.58
Long-Term Investments	13.01	13.45	13.04	11.71	11.08	11.34
Goodwill	67.54	67.54	67.06	3.24	3.24	3.24
Other Intangible Assets	88.17	89.35	90.67	77.88	78.27	86.59
Long-Term Deferred Charges	11.77	9.29	7.09	5.96	5.84	5.65
Other Long-Term Assets	10.5	12.42	9.82	76.01	9.31	6.97
Total Assets	2,009	1,911	1,740	1,214	977.72	890.73

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	68.22	61.36	57.82	53.55	49.17	28.54
Accrued Expenses	16.82	13.33	16.28	11.75	12.96	9.65
Current Portion of Long-Term Debt	-	-	9.2	7.1	0.65	-
Current Portion of Leases	5.01	3.26	3.06	2.22	2.83	3.32
Current Unearned Revenue	18.47	16.91	16.1	12.39	12.43	11.13
Other Current Liabilities	14.81	13.64	12.1	11.35	18.39	14.65
Total Current Liabilities	123.31	108.5	114.57	98.36	96.42	67.29
Long-Term Debt	747.09	628.24	407.68	292.8	74.31	-
Long-Term Leases	13.52	12.43	10.79	8.58	51.98	53.31
Long-Term Unearned Revenue	26.44	27.25	26.81	14.67	18.68	19.75
Pension & Post-Retirement Benefits	4.44	4.15	4.95	3.94	3.76	8.22
Long-Term Deferred Tax Liabilities	147.92	157.62	167.72	88.15	84.6	86.01
Other Long-Term Liabilities	2.55	3.3	6.72	55.06	9.97	13.88
Total Liabilities	1,065	941.47	739.23	561.56	339.71	248.46

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Additional Paid-In Capital	164.53	157.22	147.73	66.93	57.45	49.35
Retained Earnings	686.12	723.57	769	584.07	580.55	592.92
Comprehensive Income & Other	-	-	1.85	1.67	-	-
Total Common Equity	850.65	880.78	918.58	652.67	638.01	642.28
Minority Interest	93.32	88.51	82.46	-	-	-
Shareholders' Equity	943.97	969.29	1,001	652.67	638.01	642.28
Total Liabilities & Equity	2,009	1,911	1,740	1,214	977.72	890.73

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	765.62	643.93	430.73	310.7	129.76	56.62
Net Cash (Debt)	-746.97	-616.67	-384.46	-170	-85.7	27.72
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-13.44	-11.19	-7.16	-3.35	-1.71	0.55
Filing Date Shares Outstanding	55.37	55.3	54.67	50.27	50.2	50.05
Total Common Shares Outstanding	55.37	54.9	54.61	50.27	50.11	49.97
Working Capital	-35.21	-11.05	-20.05	77.72	32.14	99.08
Book Value Per Share	15.36	16.04	16.82	12.98	12.73	12.85
Tangible Book Value	694.94	723.89	760.86	571.55	556.49	552.44
Tangible Book Value Per Share	12.55	13.19	13.93	11.37	11.11	11.06
Land	4.14	4.5	4.51	3.67	3.72	3.77
Buildings	52.56	54.56	52.71	42.87	93.46	96.32
Machinery	496.98	476.94	417.06	331.6	317.35	391.29
Construction In Progress	141.68	181.06	207.43	145.62	144.53	79.96

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Oct 28, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 2, 2026

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