Shentel Files 2023 10-K, Details Financials

Ticker: SHEN · Form: 10-K · Filed: Feb 21, 2024 · CIK: 354963

Sentiment: neutral

Topics: earnings, 10-K, telecommunications, financial-report

TL;DR

**Shentel's 2023 10-K is out, giving a full financial snapshot for the year.**

AI Summary

SHENANDOAH TELECOMMUNICATIONS CO/VA/ (Shentel) filed its 10-K on February 21, 2024, for the fiscal year ended December 31, 2023. The filing provides an overview of the company's financial position and operations, including its common stock, additional paid-in capital, retained earnings, and accumulated other comprehensive income as of December 31, 2020, 2022, and 2023. Key financial data points are presented in USD and shares, reflecting the company's performance and equity structure.

Why It Matters

This filing provides investors with a comprehensive look into Shentel's financial health and operational performance, crucial for making informed investment decisions.

Risk Assessment

Risk Level: medium — The filing itself doesn't contain explicit risk factors in the provided snippet, but telecommunications companies generally face medium risk due to competition and technological changes.

Key Numbers

Key Players & Entities

FAQ

What is the Central Index Key (CIK) for SHENANDOAH TELECOMMUNICATIONS CO/VA/?

The Central Index Key (CIK) for SHENANDOAH TELECOMMUNICATIONS CO/VA/ is 0000354963.

When was the 10-K filing for SHENANDOAH TELECOMMUNICATIONS CO/VA/ submitted to the SEC?

The 10-K filing for SHENANDOAH TELECOMMUNICATIONS CO/VA/ was filed as of date 20240221.

What is the fiscal year end date for the period covered by this 10-K filing?

The conformed period of report for this 10-K filing ended on 20231231.

What is the business address of SHENANDOAH TELECOMMUNICATIONS CO/VA/?

The business address of SHENANDOAH TELECOMMUNICATIONS CO/VA/ is PO BOX 459, 500 SHENTEL WAY, EDINBURG, VA, 22824.

What is the Standard Industrial Classification (SIC) for SHENANDOAH TELECOMMUNICATIONS CO/VA/?

The Standard Industrial Classification (SIC) for SHENANDOAH TELECOMMUNICATIONS CO/VA/ is TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813].

Filing Stats: 4,393 words · 18 min read · ~15 pages · Grade level 16.1 · Accepted 2024-02-21 08:05:33

Key Financial Figures

Filing Documents

BUSINESS

ITEM 1. BUSINESS Our Company Shenandoah Telecommunications Company and its subsidiaries ("Shentel", "we", "our", "us", or the "Company"), provide broadband services through its high speed, state-of-the-art fiber-optic and cable networks to customers in the Mid-Atlantic United States. The Company's services include: broadband internet, video and voice; fiber-optic Ethernet, wavelength and leasing; and tower colocation leasing. The Company owns an extensive regional network with approximately 9,900 route miles of fiber and 219 macro cellular towers. For more information, please visit www.shentel.com. Pending Acquisition of Horizon Acquisition Parent LLC On October 24, 2023, Shentel entered into a definitive agreement to acquire 100% of the equity interests in Horizon Acquisition Parent LLC ("Horizon") for $385 million (the "Horizon Transaction"). Consideration will consist of $305 million in cash and $80 million of Shentel common stock. Horizon is a leading commercial fiber provider in Ohio and adjacent states serving national wireless providers, carriers, enterprises, and government, education and healthcare customers. Based in Chillicothe, Ohio, Horizon was founded in 1895 as the incumbent local exchange carrier in Ross County, Ohio and rapidly expanded its fiber network over the past 14 years. Most recently, Horizon has pursued a strategy of investing in FTTH in tier 3 & 4 markets in Ohio. The description of the Company's business set forth below reflects the operations of the Company prior to the completion of the Horizon Transaction. Description of Business Broadband Reporting Segment Our Broadband segment provides broadband internet, video and voice services to residential and commercial customers in portions of Virginia, West Virginia, Maryland, Pennsylvania and Kentucky, via fiber optics under the brand name of Glo Fiber and hybrid fiber coaxial cable under the brand name of Shentel. The Broadband segment also leases dark fiber and provides Eth

View Full Filing

View this 10-K filing on SEC EDGAR

View on Read The Filing