SHENANDOAH TELECOMMUNICATIONS COMPANY SHEN Income Statement

Shenandoah telecommunications company (SHEN)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Revenue:
Total revenue
633,906	630,854	611,991	535,288	-	-	-	-	-	-	-
Total operating revenues
-	-	-	-	342,485	326,946	308,942	288,075	251,145	195,206	160,935
Operating expenses
Impairment charge on goodwill
-	-	-	-	-	-	-	10,952	0	0	-
Selling, general and administrative
112,540	113,222	165,937	133,325	72,821	69,370	67,673	60,646	56,445	45,572	31,152
Acquisition, integration and migration expenses
0	0	11,030	42,232	3,546	0	-	-	-	-	-
Depreciation, Depletion and Amortization
159,653	166,405	177,007	143,685	70,702	65,890	60,722	64,412	55,770	42,630	32,630
Total operating expenses
536,860	537,608	565,481	512,762	268,399	265,003	253,535	253,417	218,855	162,875	117,995
Gain on sale of directory
-	-	-	-	-	-	-	-	-	4,000	0
Operating Income (Loss)
97,046	93,246	46,510	22,526	74,086	61,943	55,407	34,658	32,290	36,331	42,940
Other income (expense):
Interest expense
29,468	34,847	38,237	25,102	7,355	8,148	8,468	7,850	-8,289	4,716	1,361
Gain (loss) on investments, net
-	-	-	271	105	208	756	858	-696	-165	124
Nonoperating Income (Expense)
3,461	3,713	4,984	4,250	1,754	2,031	1,769	945	900	717	959
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest
71,039	62,112	13,257	1,945	68,590	56,034	49,464	28,611	24,205	32,167	42,662
Income tax expense
16,104	15,517	-53,133	2,840	27,726	22,151	19,878	12,008	10,667	13,393	17,510
Net income from continuing operations
-	-	-	-	-	-	-	16,603	13,538	18,774	25,152
Loss from discontinued operations of Converged Services, net of tax benefits of $0, $0 and $196, respectively
-	-	-	-	-	-	-	-300	-545	-699	-10,060
Net Income (Loss) Attributable to Parent
54,935	46,595	66,390	-895	40,864	33,883	29,586	16,303	12,993	18,075	15,092
Other comprehensive income:
Unrealized loss on interest rate hedge, net of tax
-7,972	50	1,442	6,373	-707	-1,472	3,457	-863	0	0	-
Reclassification gain from pension plans, net of tax
-	-	-	-	-	-	-	-	-	2,448	-
Comprehensive income
46,963	46,645	67,832	5,478	40,157	32,411	33,043	15,440	12,993	20,523	-
Net income per share, basic and diluted:
Net income from continuing operations (in dollars per share)
-	-	-	-	-	-	-	0.69	-	-	-
Loss from discontinued operations, net of income taxes (in dollars per share)
-	-	-	-	-	-	-	-0.01	-	-	-
Basic net income per share (in dollars per share)
1.10	0.94	1.35	-0.02	0.84	0.70	0.62	0.68	-	-	-
Net income from continuing operations (in dollars per share)
-	-	-	-	-	-	-	0.69	-	-	-
Loss from discontinued operations, net of income taxes (in dollars per share)
-	-	-	-	-	-	-	-0.01	-	-	-
Diluted net income per share (in dollars per share)
1.10	0.93	1.33	-0.02	0.83	0.70	0.61	0.68	-	-	-
Net income from continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	0.57	0.79	1.06
Loss from discontinued operations, net of income taxes (in dollars per share)
-	-	-	-	-	-	-	-	-0.02	-0.03	-0.42
Basic and diluted earnings per share (in dollars per share)
-	-	-	-	-	-	-	-	0.55	0.76	0.64
Weighted Average Number of Shares Outstanding, Basic
49,811	49,542	49,150	48,807	48,388	48,198	48,002	23,877	23,781	23,730	23
Weighted Average Number of Shares Outstanding, Diluted
50,101	50,063	50,026	48,807	49,024	48,720	48,230	24,019	23,826	23,823	23
Cash dividend declared per share (in dollars per share)
0.29	0.27	0.26	0.25	-	-	-	-	-	-	-
Service revenue and other
Total revenue
565,063	562,456	601,673	523,748	-	-	-	-	-	-	-
Equipment revenue
Total revenue
68,843	68,398	10,318	11,540	-	-	-	-	-	-	-
Services
Cost of services and cost of goods sold
198,753	194,022	188,721	163,969	121,330	129,743	125,140	117,407	106,640	74,673	54,213
Products
Cost of services and cost of goods sold
65,914	63,959	22,786	29,551	-	-	-	-	-	-	-