SHENANDOAH TELECOMMUNICATIONS COVA
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
View on SEC.govAbout 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.
FY2024 · Filed Feb 20, 2025
SHEN$9.65-0.7%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Shareholders’ Equity
(in thousands)
| Redeemable Noncontrolling Interest · Common Stock | |||||||
|---|---|---|---|---|---|---|---|
| Shares | Amount | Shares (no par value) | Additional Paid in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Total Shareholders' Equity | |
| 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 hedge, 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 |
| Net income | — | — | — | — | 193,817 | — | 193,817 |
| Unrealized gain on interest rate hedge, net of tax | — | — | — | — | — | 1,850 | 1,850 |
| Amounts reclassified from accumulated other comprehensive income to interest expense | — | — | — | — | — | (1,665) | (1,665) |
| Dividends declared | — | — | — | — | (5,460) | — | (5,460) |
| Stock-based compensation | — | — | 319 | 10,651 | — | — | 10,651 |
| Common stock issued | — | — | 4,103 | 71,876 | — | — | 71,876 |
| Shares surrendered for settlement of employee taxes upon issuance of vested equity awards | — | — | (89) | (1,727) | — | — | (1,727) |
| Issuance of redeemable noncontrolling interest, net of financing fees paid | 81 | 79,380 | — | — | — | — | — |
| Preferred stock dividends - paid in kind | — | 3,084 | — | — | (3,084) | — | (3,084) |
| Preferred stock dividends - participating | — | — | — | — | (345) | — | (345) |
| Balance, December 31, 2024 | 81 | 82,464 | 54,605 | $147,733 | $768,997 | $1,853 | $918,583 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.