SHENANDOAH TELECOMMUNICATIONS COMPANY SHEN Income Statement

Shenandoah telecommunications company (SHEN)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenue:
Total revenue
628,251	633,906	634,393	637,972	635,559	630,854	621,152	615,679	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating revenues
-	-	-	-	-	-	-	-	-	-	-	0	596,597	-	467,001	395,377	350,769	342,485	338,010	335,066	330,781	326,946	322,101	317,346	313,384	308,942	305,975	301,338	295,262	288,075	279,582	269,363	259,540	251,145	237,873	217,577	0	0	0
Operating expenses
Selling, general and administrative
114,809	112,540	110,175	110,449	113,194	113,222	126,680	141,427	154,534	165,937	163,210	161,380	152,052	133,325	112,665	90,602	75,514	72,821	73,178	72,935	70,954	69,370	69,545	68,963	68,693	67,673	62,748	62,947	61,605	60,646	62,870	59,389	58,277	56,445	55,618	52,229	0	0	0
Acquisition, integration and migration expenses
-	-	-	-	-	-	-	-	-	11,030	16,447	30,013	46,389	42,232	37,787	22,917	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation, Depletion and Amortization
155,385	159,653	161,931	165,333	164,097	166,405	169,342	171,882	175,690	177,007	179,021	183,260	170,750	143,685	114,545	86,856	72,104	70,702	70,295	67,908	66,840	65,890	64,400	62,661	62,137	60,722	61,587	63,389	62,577	64,412	61,474	58,454	57,639	55,770	54,358	49,067	0	0	0
Total operating expenses
532,942	536,860	533,233	533,842	534,280	537,608	538,079	549,984	559,658	565,481	574,799	593,257	584,710	512,762	434,047	343,405	273,897	268,399	269,319	267,320	265,992	265,003	264,048	260,175	257,506	253,535	253,707	256,925	254,212	253,417	246,186	232,204	225,524	218,855	208,032	189,116	0	0	0
Gain on sale of directory
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Operating Income (Loss)
95,309	97,046	101,160	104,130	101,279	93,246	84,362	65,508	52,591	46,510	39,693	26,289	11,887	22,526	32,954	51,972	76,872	74,086	68,691	67,746	64,789	61,943	58,053	57,171	55,878	55,407	52,268	44,413	41,050	34,658	33,396	37,159	34,016	32,290	33,841	32,461	0	0	0
Other income (expense):
Interest expense
27,725	29,468	30,644	32,140	33,469	34,847	37,109	37,931	38,469	38,237	37,046	36,068	32,583	25,102	18,060	11,023	7,059	7,355	7,691	7,890	8,015	8,148	8,318	8,361	8,364	8,468	8,480	8,753	8,207	7,850	-9,317	-9,637	-8,313	-8,289	9,084	7,347	0	0	0
Gain (loss) on investments, net
-	-	-	-	-	-	-	-	412	-	430	355	303	271	352	14	91	105	-138	312	328	208	565	674	590	756	569	433	535	858	618	156	-100	-696	-510	-336	0	0	0
Nonoperating Income (Expense)
2,907	3,461	4,361	4,316	3,979	3,713	4,416	4,365	4,750	4,984	5,718	6,115	5,037	4,250	2,503	1,494	1,790	1,754	1,800	1,818	1,835	2,031	1,910	1,878	1,877	1,769	1,684	1,476	1,277	945	813	839	870	900	978	965	0	0	0
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest
70,491	71,039	74,909	76,338	71,821	62,112	51,242	31,717	18,720	13,257	8,795	-3,309	-15,356	1,945	17,749	42,457	71,694	68,590	62,662	61,986	58,937	56,034	52,210	51,362	49,981	49,464	46,041	37,569	34,655	28,611	27,566	31,213	26,521	24,205	25,225	25,743	0	0	0
Income tax expense
16,186	16,104	18,643	18,892	17,899	15,517	-41,096	-48,621	-51,912	-53,133	3,185	2,211	-2,921	2,840	6,351	15,467	27,235	27,726	25,257	24,574	23,384	22,151	20,300	20,738	20,130	19,878	18,073	14,903	14,109	12,008	12,196	13,643	11,635	10,667	11,307	10,927	0	0	0
Net income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,603	15,370	17,570	14,886	13,538	13,918	14,816	0	0	0
Loss from discontinued operations of Converged Services, net of tax benefits of $0, $0 and $196, respectively
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-300	-11	-570	-454	-545	-863	-191	0	0	0
Net Income (Loss) Attributable to Parent
54,305	54,935	56,266	57,446	53,922	46,595	92,338	80,338	70,632	66,390	5,610	-5,520	-12,435	-895	11,398	26,990	44,459	40,864	37,405	37,412	35,553	33,883	31,910	30,624	29,851	29,586	27,826	22,470	20,188	16,303	15,359	17,000	14,432	12,993	13,055	14,625	0	0	0
Other comprehensive income:
Unrealized loss on interest rate hedge, net of tax
-11,350	-7,972	-12,744	-10,785	-5,740	50	6,572	6,113	3,905	1,442	8,177	9,883	8,020	6,373	-1,721	-4,412	-848	-707	-2,248	-793	-2,032	-1,472	-236	-1,110	2,578	3,457	3,182	2,444	-331	-863	-1,136	0	0	-	0	-	-	-	-
Comprehensive income
42,955	46,963	43,522	46,661	48,182	46,645	98,910	86,451	74,537	67,832	13,787	4,363	-4,415	5,478	9,677	22,578	43,611	40,157	35,157	36,619	33,521	32,411	31,674	29,514	32,429	33,043	31,008	24,914	19,857	15,440	13,253	0	0	-	0	-	-	-	-
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
562,020	565,063	566,759	570,695	569,128	562,456	570,875	577,895	587,711	601,673	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equipment revenue
Total revenue
66,231	68,843	67,634	67,277	66,431	68,398	51,566	37,597	24,538	10,318	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Services
Cost of services and cost of goods sold
198,800	198,753	196,839	194,561	194,198	194,022	189,339	190,005	189,287	188,721	169,338	179,103	180,983	163,969	170,164	142,417	122,401	121,330	123,315	126,075	128,198	129,743	130,103	128,551	126,676	125,140	118,420	119,637	119,078	117,407	121,842	114,361	109,608	106,640	98,056	87,820	0	0	0
Products
Cost of services and cost of goods sold
63,948	65,914	64,288	63,499	62,791	63,959	51,561	43,807	33,606	22,786	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-