Shenandoah Telecommunications Company
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-32.9M | $193.8M | $8.0M | $-8.4M | $998.8M | $125.7M | $55.5M | $46.6M |
| Depreciation & Amortization | $129.7M | $96.9M | $62.9M | $65.8M | $55.2M | $48.7M | $46.8M | $44.4M |
| Depreciation | $129.7M | $96.9M | $62.9M | $65.8M | $54.4M | $48.0M | $46.3M | $44.2M |
| Amortization | $1.9M | $1.5M | $500.0K | $700.0K | $800.0K | $700.0K | $500.0K | $200.0K |
| Stock-Based Compensation | $9.6M | $9.8M | $10.0M | $8.5M | $3.4M | $5.9M | $3.4M | $4.7M |
| Net Cash from Operating Activities | $101.0M | $62.6M | $113.8M | $74.9M | $-250.9M | $302.9M | $259.1M | $265.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $358.9M | $319.1M | $255.1M | $189.0M | $160.1M | $120.5M | $67.0M | $56.6M |
| Business Acquisitions | $5.0M | $347.4M | $0 | $0 | $0 | $1.9M | $10.0M | $0 |
| Net Cash from Investing Activities | $-294.7M | $-339.4M | $-236.7M | $-184.2M | $1.78B | $-155.6M | $-165.3M | $-187.8M |
| Financing Activities | ||||||||
| Dividends Paid | $6.4M | $5.8M | $4.5M | $4.0M | $940.3M | $16.4M | $13.9M | $12.9M |
| Stock Repurchases | — | — | — | — | $0 | $0 | $7.2M | $0 |
| Net Cash from Financing Activities | $195.6M | $183.9M | $218.1M | $69.0M | $-1.64B | $-53.5M | $-77.2M | $-71.3M |
| Net Change in Cash | $1.9M | $-93.0M | $95.2M | $-40.3M | $-111.1M | $93.7M | $16.6M | $6.5M |
| Free Cash Flow | $-257.9M | $-256.5M | $-141.3M | $-114.1M | $-411.0M | $182.4M | $192.1M | $209.0M |