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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	43.78	139.26	44.06	84.34	195.4	101.65
Trading Asset Securities	-	1.44	-	-	-	1.38
Cash & Short-Term Investments	43.78	140.7	44.06	84.34	195.4	103.03
Cash Growth	66.43%	219.33%	-47.76%	-56.83%	89.65%	14.46%
Accounts Receivable	29.64	19.78	20.62	22.01	70.39	63.64
Other Receivables	5.54	4.69	29.76	30.19	-	10.31
Receivables	35.18	24.47	50.37	52.19	70.39	73.95
Prepaid Expenses	7.89	5.16	7.44	8.39	4.02	3.07
Other Current Assets	9.69	5.74	26.69	21.44	1,137	61.81
Total Current Assets	99.52	176.07	128.56	166.37	1,407	241.85
Property, Plant & Equipment	1,358	930.14	741.41	610.58	490.81	405.66
Long-Term Investments	14.25	11.71	11.08	11.34	11.08	11.36
Goodwill	77.87	3.24	3.24	3.24	3.24	2.69
Other Intangible Assets	91.62	77.88	78.27	86.59	103.52	85.55
Long-Term Deferred Charges	6.37	5.96	5.84	5.65	5.05	6.11
Other Long-Term Assets	9.01	9.23	9.31	6.97	4.09	1,146
Total Assets	1,656	1,214	977.72	890.73	2,024	1,899
Accounts Payable	57.73	53.55	49.17	28.54	19.6	40.3
Accrued Expenses	12.31	11.75	12.96	9.65	17.49	10.99
Current Portion of Long-Term Debt	8.73	7.1	0.65	-	692.51	31.65
Current Portion of Leases	3.45	3.19	2.83	3.32	1.97	1.73
Current Income Taxes Payable	-	-	-	-	6.95	-
Current Unearned Revenue	14.93	13.24	12.43	11.13	8.59	8.36
Other Current Liabilities	14.96	9.54	18.39	14.65	460.95	60.55
Total Current Liabilities	112.09	98.36	96.42	67.29	1,208	153.58
Long-Term Debt	288.57	292.8	74.31	-	-	688.46
Long-Term Leases	12.99	49.75	51.98	53.31	47.59	44.22
Long-Term Unearned Revenue	37.93	18.19	18.68	19.75	18.69	12.45
Long-Term Deferred Tax Liabilities	186.31	88.15	84.6	86.01	148.68	137.57
Other Long-Term Liabilities	80.39	10.36	9.97	13.88	9.68	377.53
Total Liabilities	723.25	561.56	339.71	248.46	1,447	1,426
Additional Paid-In Capital	143.78	66.93	57.45	49.35	47.32	42.11
Retained Earnings	785.89	584.07	580.55	592.92	534.44	430.01
Comprensive Income & Other	3.41	1.67	-	-	-4.71	0.31
Shareholders' Equity	933.08	652.67	638.01	642.28	577.05	472.43
Total Liabilities & Equity	1,656	1,214	977.72	890.73	2,024	1,899
Total Debt	313.74	352.84	129.76	56.62	742.07	766.06
Net Cash (Debt)	-269.96	-212.14	-85.7	27.72	-546.67	-663.03
Net Cash Per Share	-5.21	-4.18	-1.71	0.55	-10.93	-13.23
Filing Date Shares Outstanding	54.57	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	-12.57	77.72	32.14	99.08	198.55	88.28
Book Value Per Share	17.10	12.98	12.73	12.85	11.57	9.51
Tangible Book Value	763.59	571.55	556.49	552.44	470.29	384.19
Tangible Book Value Per Share	13.99	11.37	11.11	11.06	9.43	7.73
Land	4.51	3.69	3.72	3.77	3.91	3.68
Buildings	51.83	95.44	93.46	96.32	91.34	85.84
Machinery	407.29	337.81	317.35	391.29	331.05	278.87
Construction In Progress	213.03	145.71	144.53	79.96	49.42	31.23

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