Shenandoah telecommunications company (SHEN)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenue:
Total revenue

153,188

160,997

155,152

158,914

158,843

161,484

158,731

156,501

154,138

-

151,782

153,258

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating revenues

-

-

-

-

-

-

-

-

-

-

-

153,258

153,880

-

156,836

130,309

92,571

87,285

85,212

85,701

84,287

82,810

82,268

81,416

80,452

77,965

77,513

77,454

76,010

74,998

72,876

71,378

68,823

66,505

62,657

61,555

60,428

53,233

42,361

Operating expenses
Selling, general and administrative

30,991

29,470

27,178

27,170

28,722

27,105

27,452

29,915

28,750

40,563

42,199

43,022

40,153

37,836

40,369

33,694

21,426

17,176

18,306

18,606

18,733

17,533

18,063

16,625

17,149

17,708

17,481

16,355

16,129

12,783

17,680

15,013

15,170

15,007

14,199

13,901

13,338

14,180

10,810

Acquisition, integration and migration expenses

-

-

-

-

-

-

-

-

-

1,157

1,706

3,678

4,489

6,574

15,272

20,054

332

-

2,129

402

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation, Depletion and Amortization

36,911

39,495

36,626

42,353

41,179

41,773

40,028

41,117

43,487

44,710

42,568

44,925

44,804

46,724

46,807

32,415

17,739

17,584

19,118

17,663

16,337

17,177

16,731

16,595

15,387

15,687

14,992

16,071

13,972

16,552

16,794

15,259

15,807

13,614

13,774

14,444

13,938

12,202

8,483

Total operating expenses

130,138

138,117

129,793

134,894

134,056

134,490

130,402

135,332

137,384

134,961

142,307

145,006

143,207

144,279

160,765

136,459

71,259

65,564

70,123

66,951

65,761

66,484

68,124

65,623

64,772

65,529

64,251

62,954

60,801

65,701

67,469

60,241

60,006

58,470

53,487

53,561

53,337

47,647

34,571

Gain on sale of directory

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,000

-

Operating Income (Loss)

23,050

22,880

25,359

24,020

24,787

26,994

28,329

21,169

16,754

18,110

9,475

8,252

10,673

11,293

-3,929

-6,150

21,312

21,721

15,089

18,750

18,526

16,326

14,144

15,793

15,680

12,436

13,262

14,500

15,209

9,297

5,407

11,137

8,817

8,035

9,170

7,994

7,091

9,586

7,790

Other income (expense):
Interest expense

6,211

6,487

7,505

7,522

7,954

7,663

9,001

8,851

9,332

9,925

9,823

9,389

9,100

8,734

8,845

5,904

1,619

1,692

1,808

1,940

1,915

2,028

2,007

2,065

2,048

2,198

2,050

2,068

2,152

2,210

2,323

1,522

1,795

-14,957

2,003

2,846

1,819

2,416

266

Gain (loss) on investments, net

-

-

-

-

-

-

-

-

-32

-

202

73

120

35

127

21

88

116

-211

98

102

-127

239

114

-18

230

348

30

148

43

212

132

471

-197

-250

-124

-125

-11

-76

Nonoperating Income (Expense)

733

-101

1,099

1,176

1,287

799

1,054

839

1,021

1,502

1,003

1,224

1,255

2,236

1,400

146

468

489

391

442

432

535

409

459

628

414

377

458

520

329

169

259

188

197

195

290

218

275

182

Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest

17,572

16,292

18,953

17,674

18,120

20,162

20,382

13,157

8,411

9,292

857

160

2,948

4,830

-11,247

-11,887

20,249

20,634

13,461

17,350

17,145

14,706

12,785

14,301

14,242

10,882

11,937

12,920

13,725

7,459

3,465

10,006

7,681

6,414

7,112

5,314

5,365

7,434

7,630

Income tax expense

4,292

2,771

4,599

4,524

4,210

5,310

4,848

3,531

1,828

-51,303

-2,677

240

607

5,015

-3,651

-4,892

6,368

8,526

5,465

6,876

6,859

6,057

4,782

5,686

5,626

4,206

5,220

5,078

5,374

2,401

2,050

4,284

3,273

2,589

3,497

2,276

2,305

3,229

3,117

Net income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,058

1,415

5,722

4,408

3,825

3,615

3,038

3,060

4,205

4,513

Loss from discontinued operations of Converged Services, net of tax benefits of $0, $0 and $196, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-142

-54

-162

58

147

-613

-46

-33

-171

59

Net Income (Loss) Attributable to Parent

13,280

13,521

14,354

13,150

13,910

14,852

15,534

9,626

6,583

60,595

3,534

-80

2,341

-185

-7,596

-6,995

13,881

12,108

7,996

10,474

10,286

8,649

8,003

8,615

8,616

6,676

6,717

7,842

8,351

4,916

1,361

5,560

4,466

3,972

3,002

2,992

3,027

4,034

4,572

Other comprehensive income:
Unrealized loss on interest rate hedge, net of tax

-6,106

462

-1,494

-4,212

-2,728

-4,310

465

833

3,062

2,212

6

-1,375

599

8,947

1,712

-3,238

-1,048

853

-979

326

-907

-688

476

-913

-347

548

-398

2,775

532

273

-1,136

0

0

-

0

-

-

-

-

Comprehensive income

7,174

13,983

12,860

8,938

11,182

10,542

15,999

10,459

9,645

62,807

3,540

-1,455

2,940

8,762

-5,884

-10,233

12,833

12,961

7,017

10,800

9,379

7,961

8,479

7,702

8,269

7,224

6,319

10,617

8,883

5,189

225

5,560

4,466

-

3,002

-

-

-

-

Net income per share, basic and diluted:
Basic net income per share (in dollars per share)

0.27

0.27

0.29

0.26

0.28

0.31

0.31

0.19

0.13

1.23

0.07

0.00

0.05

-0.01

-0.16

-0.14

0.29

0.24

0.17

0.22

0.21

-0.35

0.33

0.36

0.36

-

0.28

0.33

-

-

-

-

-

-

-

-

-

-

-

Diluted net income per share (in dollars per share)

0.27

0.27

0.29

0.26

0.28

0.30

0.31

0.19

0.13

1.21

0.07

0.00

0.05

0.00

-0.16

-0.14

0.28

0.25

0.16

0.21

0.21

-0.34

0.33

0.35

0.36

-

0.28

0.33

-

-

-

-

-

-

-

-

-

-

-

Net income from continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.06

0.24

0.19

0.16

0.15

0.13

0.13

0.17

0.19

Loss from discontinued operations, net of income taxes (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

-0.01

0.00

0.00

-0.02

0.00

0.00

0.00

0.00

Basic and diluted earnings per share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.35

-

0.06

0.23

0.19

0.16

0.13

0.13

0.13

0.17

0.19

Weighted Average Number of Shares Outstanding, Basic

49,888

49,764

49,857

49,848

49,775

49,588

49,559

49,547

49,474

49,302

49,133

49,115

49,050

48,926

48,909

48,830

48,563

48,460

48,406

48,380

48,306

120,518

24,113

24,102

24,059

120,029

24,010

23,996

23,973

47,786

23

23,855

23,843

23,804

23,781

23,772

23,767

23

23

Weighted Average Number of Shares Outstanding, Diluted

50,036

50,018

50,129

50,142

50,115

50,041

50,117

50,070

50,024

51,196

49,959

49,115

49,834

48,240

48,909

48,830

49,249

49,119

49,071

49,004

48,902

121,946

24,393

24,320

24,221

120,685

24,125

24,078

24,032

48,292

23

23,892

23,868

23,835

23,823

23,797

23,849

23

23

Service revenue and other
Total revenue

140,188

140,941

138,832

142,059

143,231

142,637

142,768

140,492

136,559

151,056

149,788

150,308

150,521

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equipment revenue
Total revenue

13,000

20,056

16,320

16,855

15,612

18,847

15,963

16,009

17,579

2,015

1,994

2,950

3,359

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Services
Cost of services and cost of goods sold

49,565

49,574

50,164

49,497

49,518

47,660

47,886

49,134

49,342

42,977

48,552

48,416

48,776

23,594

58,317

50,296

31,762

29,789

30,570

30,280

30,691

31,774

33,330

32,403

32,236

32,134

31,778

30,528

30,700

25,414

32,995

29,969

29,029

29,849

25,514

25,216

26,061

21,265

15,278

Products
Cost of services and cost of goods sold

12,671

19,578

15,825

15,874

14,637

17,952

15,036

15,166

15,805

5,554

7,282

4,965

4,985

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-