SHENANDOAH TELECOMMUNICATIONS COVA

For the period ended Dec 31, 2023. Filed Feb 21, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 21, 2024

SHEN$10.21+5.8%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Shareholders’ Equity

(in thousands)

	Shares of Common Stock (no par value)	Additional Paid in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total
Balance, December 31, 2020	49,868	$47,317	$534,440	$(4,706)	$577,051
Net income	—	—	998,831	—	998,831
Net gain on interest rate swaps, net of tax	—	—	—	4,706	4,706
Dividends declared	—	—	(940,347)	—	(940,347)
Stock-based compensation	133	3,661	—	—	3,661
Shares surrendered for settlement of employee taxes upon issuance of vested equity awards	(36)	(1,627)	—	—	(1,627)
Balance, December 31, 2021	49,965	49,351	592,924	—	642,275
Net loss	—	—	(8,379)	—	(8,379)
Dividends declared	—	—	(3,991)	—	(3,991)
Stock-based compensation	194	9,178	—	—	9,178
Shares surrendered for settlement of employee taxes upon issuance of vested equity awards	(49)	(1,076)	—	—	(1,076)
Balance, December 31, 2022	50,110	57,453	580,554	—	638,007
Net income	—	—	8,038	—	8,038
Unrealized gain on interest rate swaps, net of tax	—	—	—	1,668	1,668
Dividends declared	—	—	(4,523)	—	(4,523)
Stock-based compensation	231	10,823	—	—	10,823
Common stock issued	2	44	—	—	44
Shares surrendered for settlement of employee taxes upon issuance of vested equity awards	(71)	(1,387)	—	—	(1,387)
Balance, December 31, 2023	50,272	$66,933	$584,069	$1,668	$652,670

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.