Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $535M | $612M | $193M | $207M | $221M | $245M | $249M | $269M | $328M | $358M |
| Revenue growth | — | 14.3% | -68.5% | 7.4% | 6.7% | 11.1% | 1.5% | 8.1% | 21.9% | 9.1% |
| Operating income | $22.5M | $46.5M | -$2.97M | -$1.34M | -$2.60M | -$2.43M | -$17.5M | $142K | -$28.6M | -$23.2M |
| Operating margin | 4.2% | 7.6% | -1.5% | -0.6% | -1.2% | -1.0% | -7.0% | 0.1% | -8.7% | -6.5% |
| Net income | -$895K | $66.4M | $46.6M | $55.5M | $126M | $999M | -$8.38M | $8.04M | $194M | -$32.9M |
| Net margin | -0.2% | 10.8% | 24.2% | 26.8% | 56.9% | 407.3% | -3.4% | 3.0% | 59.1% | -9.2% |
| EPS (diluted) | -$0.02 | $1.33 | $0.93 | $1.11 | $2.51 | $19.92 | -$0.17 | $0.16 | $3.54 | -$0.71 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $162M | $223M | $266M | $259M | $303M | -$251M | $74.9M | $114M | $62.6M | $101M |
| Capital expenditures | $173M | $146M | $56.6M | $67.0M | $120M | $160M | $189M | $255M | $319M | $359M |
| Free cash flow | -$11.7M | $76.4M | $209M | $192M | $182M | -$411M | -$114M | -$141M | -$257M | -$258M |
| Share buybacks | $5.10M | $0.00 | $0.00 | $7.23M | $0.00 | $0.00 | — | — | — | — |
| Dividends paid | $11.7M | $12.3M | $12.9M | $13.9M | $16.4M | $940M | $3.99M | $4.52M | $5.80M | $6.45M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $36.2M | $78.6M | $85.1M | $102M | $195M | $84.3M | $44.1M | $139M | $46.3M | $27.3M |
| Total assets | $1.48B | $1.41B | $1.48B | $1.90B | $2.02B | $891M | $978M | $1.21B | $1.74B | $1.91B |
| Long-term debt | $797M | $758M | $750M | $688M | $0.00 | $0.00 | $74.3M | $293M | $408M | $628M |
| Shareholders' equity | $296M | $352M | $440M | $468M | $577M | $642M | $638M | $653M | $919M | $881M |
| Retained earnings | $244M | $297M | $385M | $426M | $534M | $593M | $581M | $584M | $769M | $724M |
| Shares (wtd avg diluted) | 48.8M | 50.0M | 50.1M | 50.1M | 50.0M | 50.1M | 50.2M | 50.7M | 53.7M | 55.1M |
Every figure is extracted from SHENANDOAH TELECOMMUNICATIONS CO/VA/’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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