Shenandoah Telecommunications Company (SHEN) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 23.96M | 28.79M | 30.74M | 20.95M | 20.52M | 20.6M | 24.27M | 2.54M | 15.16M | 22.09M | 21.89M | 21.48M | 48.32M | 18.69M | 17.48M | 22.66M | 16.07M | -403.57M | -546K | 68.52M |
| Operating CF Margin % | 26% | - | 34.23% | 23.65% | 23.35% | 24.11% | 27.71% | 2.96% | 21.89% | 32.52% | 32.47% | 32.23% | 67.41% | 26.7% | 26.12% | 34.32% | 24.94% | -644.64% | -0.88% | 112.88% |
| Operating CF Growth % | 16.74% | 39.78% | 26.64% | 724.32% | 35.4% | -6.74% | 10.89% | -88.17% | -68.63% | 18.16% | 25.22% | -5.22% | 200.78% | 104.63% | 3301.65% | -66.93% | -81.02% | -634.05% | -100.56% | 1.01% |
| Net Income | -17.33M | -5.37M | -9.39M | -9.05M | -9.13M | -7.98M | -5.3M | -12.87M | 214.7M | 1.86M | -183K | 1.79M | 2.07M | -1.82M | -2.73M | -3.23M | -603K | -3.71M | 6.73M | 53.19M |
| Depreciation & Amortization | 34.97M | 32.56M | 34.49M | 35.1M | 29.46M | 27.75M | 27.68M | 25.58M | 17.44M | 16.33M | 16.12M | 15.65M | 15.27M | 15.02M | 17.87M | 14.45M | 14.68M | 14.39M | 14.25M | 13.2M |
| Stock-Based Compensation | 0 | 1.62M | 2.07M | 2.19M | 3.72M | 0 | 1.38M | 2.27M | 3.97M | 0 | 2.04M | 2.6M | 3.72M | 1.23M | 1.77M | 2.38M | 3.14M | 1.46M | 1.12M | 200K |
| Deferred Taxes | -4.11M | -2.36M | -2.94M | -3.05M | -1.12M | -1.99M | -1.54M | 0 | 0 | -238K | 351K | 0 | 0 | 0 | -982K | 0 | 0 | 17.88M | 1.13M | 0 |
| Other Non-Cash Items | 7.81M | -6K | 415K | -2.05M | 768K | 4.09M | 306K | -12.84M | -217.03M | 2.25M | 4.32M | 761K | 27.84M | 7.56M | 1.38M | 9.13M | -3M | -426.54M | -3.02M | -210K |
| Working Capital Changes | 2.62M | 2.35M | 6.09M | -2.2M | -3.17M | -1.27M | 1.75M | 408K | -3.91M | 1.88M | -760K | 675K | -566K | -3.29M | 165K | -83K | 1.84M | -7.06M | -20.76M | 2.14M |
| Change in Receivables | 904K | -1.82M | 1.08M | -1.33M | 2.49M | -1.82M | -1.59M | -761K | 1.73M | -1.4M | -3.24M | 11K | 4.49M | -1.74M | -3.27M | -1.46M | 5.89M | 1.36M | -5.56M | 2.51M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.5M | -2.1M | 0 |
| Change in Payables | 19K | -433K | 487K | -17K | 992K | -1.66M | 557K | 0 | 0 | 499K | -446K | 0 | 0 | 0 | -735K | 0 | 0 | 8.6M | -6.19M | 0 |
| Cash from Investing | -64.11M | -84.75M | -58.01M | -75.65M | -76.26M | -84.31M | -71.97M | -421.61M | 238.48M | -64.2M | -36.84M | -68.08M | -67.57M | -53.54M | -42.22M | -42.82M | -45.61M | -41.11M | 1.91B | -39.95M |
| Capital Expenditures | -75.82M | -107.37M | -82.11M | -86.2M | -83.24M | -92.62M | -75.54M | -421.61M | 238.48M | -65.73M | -54.08M | -67.79M | -67.47M | -57.25M | -43.65M | -43.01M | -45.69M | -41.3M | 1.91B | -40.08M |
| CapEx % of Revenue | 82.28% | - | 91.45% | 97.32% | 94.7% | 108.44% | 86.23% | 491.4% | 344.39% | 96.78% | 80.23% | 101.72% | 94.12% | 81.77% | 65.22% | 65.15% | 70.94% | 65.97% | 3061.76% | 66.03% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 11.55M | 22.62M | 29.11M | 10.55M | 6.98M | 355.56M | 3.57M | 6.66M | 308.54M | 18.73M | 17.24M | -287K | -102K | 3.71M | 1.44M | 193K | 86K | 192K | 1.95B | 129K |
| Cash from Financing | 63.02M | 81.54M | 20.81M | -3.77M | 97.01M | 66.89M | 47.01M | 73.12M | -3.16M | 145.41M | 24.61M | 24.51M | 23.58M | 45.88M | 24.43M | -484K | -822K | -3.52M | -1.62B | -8.96M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -215K | -1.46M | 0 | 0 | -161K | -1.16M | -90K | 0 | -232K | -603K | 0 | 0 | -141K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | -5.8M | 0 | 0 | 0 | -4.52M | 0 | 0 | 0 | -3.99M | 0 | 0 | 0 | -3.41M | -936.85M | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -215K | -1.46M | 0 | 0 | -161K | -1.16M | -90K | 0 | -232K | -603K | 0 | 0 | -141K |
| Other Financing | -1.48M | -24.84M | -1.47M | -1.05M | -811K | -107K | -761K | 74.64M | -394K | -70K | -389K | -327K | -263K | -44K | -568K | -252K | -219K | -112K | -684.61M | -8.82M |
| Net Change in Cash | 22.87M | 25.58M | -6.46M | -58.47M | 41.27M | 3.17M | -680K | -345.96M | 250.48M | 103.29M | 9.66M | -22.09M | 4.33M | 11.03M | -302K | -20.65M | -30.36M | -448.2M | 283.75M | 19.61M |
| Free Cash Flow | -51.86M | -78.58M | -51.38M | -65.25M | -62.71M | -72.02M | -51.27M | -419.07M | 253.64M | -44.11M | -32.19M | -46.32M | -19.14M | -38.56M | -26.17M | -20.35M | -29.63M | -444.87M | 1.91B | 28.44M |
| FCF Margin % | -56.28% | - | -57.21% | -73.67% | -71.35% | -84.32% | -58.52% | -488.44% | 366.28% | -64.95% | -47.76% | -69.5% | -26.71% | -55.08% | -39.1% | -30.83% | -45.99% | -710.62% | 3060.89% | 46.85% |
| FCF Growth % | 17.3% | -9.11% | -0.21% | 84.43% | -124.72% | -63.27% | -59.25% | -804.79% | 1424.92% | -14.39% | -23.01% | -127.55% | 35.38% | 91.33% | -101.37% | -171.57% | -165.57% | -1275.11% | 3748.93% | -15.12% |
| FCF per Share | -0.93 | -1.42 | -0.93 | -1.18 | -1.14 | -1.31 | -0.94 | -7.66 | 4.97 | -0.87 | -0.63 | -0.91 | -0.38 | -0.77 | -0.52 | -0.41 | -0.59 | -8.89 | 38.01 | 0.57 |
| FCF Conversion (FCF/Net Income) | -1.38x | -3.93x | -3.27x | -1.99x | -2.25x | -7.51x | -3.52x | -0.20x | 0.07x | 8.53x | 13.74x | 12.00x | 23.39x | -10.25x | -6.41x | -7.03x | -26.64x | -288.06x | -0.00x | 1.29x |
| Interest Paid | 0 | 4.53M | 6.38M | 5.63M | 4.26M | 3.14M | 2.41M | 2.57M | 5.26M | 0 | 792K | -486K | 1.33M | 357K | 243K | 0 | 0 | 0 | 2.66M | 3.84M |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.95M | 0 |