Financial Statements — SHEN
Balance Sheet
(in billions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.04 | 0.02 | 0.03 | 0.09 | 0.04 | 0.04 | 0.39 | 0.04 | 0.03 | 0.05 | 0.03 | 0.03 | 0.05 | 0.53 | 0.25 | 0.23 |
| Accounts Receivable | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.06 | 0.07 |
| Total Current Assets | 0.11 | 0.07 | 0.08 | 0.13 | 0.10 | 0.10 | 0.43 | 0.07 | 0.08 | 0.10 | 0.12 | 0.13 | 0.13 | 0.57 | 1.43 | 1.43 |
| Property, Plant & Equipment | 1.63 | 1.57 | 1.52 | 1.48 | 1.39 | 1.34 | 0.90 | 0.82 | 0.79 | 0.74 | 0.64 | 0.61 | 0.58 | 0.53 | 0.50 | 0.47 |
| Goodwill | 0.07 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total Non-current Assets* | 1.84 | 1.78 | 1.73 | 1.69 | 1.60 | 1.56 | 1.02 | 0.98 | 0.95 | 0.90 | 0.80 | 0.76 | 0.76 | 0.72 | 0.69 | 0.66 |
| Total Assets | 1.95 | 1.85 | 1.81 | 1.83 | 1.69 | 1.66 | 1.45 | 1.06 | 1.03 | 1.01 | 0.92 | 0.89 | 0.88 | 1.29 | 2.12 | 2.08 |
| Accounts Payable | 0.05 | 0.08 | 0.06 | 0.06 | 0.07 | 0.06 | 0.05 | 0.04 | 0.04 | 0.05 | 0.04 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 |
| Total Current Liabilities | 0.10 | 0.14 | 0.11 | 0.11 | 0.12 | 0.11 | 0.09 | 0.08 | 0.08 | 0.09 | 0.08 | 0.07 | 0.06 | 0.49 | 1.16 | 1.20 |
| Long-term Debt | 0.71 | 0.54 | 0.51 | 0.52 | 0.35 | 0.30 | 0.30 | 0.15 | 0.13 | 0.10 | 0.03 | -- | -- | -- | 0.68 | 0.69 |
| Total Non-current Liabilities* | 0.98 | 0.82 | 0.80 | 0.80 | 0.65 | 0.61 | 0.48 | 0.32 | 0.30 | 0.27 | 0.20 | 0.18 | 0.18 | 0.16 | 0.27 | 0.25 |
| Total Liabilities* | 1.09 | 0.96 | 0.91 | 0.91 | 0.77 | 0.72 | 0.57 | 0.40 | 0.38 | 0.36 | 0.28 | 0.25 | 0.24 | 0.64 | 1.43 | 1.45 |
| Retained Earnings | 0.71 | 0.74 | 0.75 | 0.76 | 0.78 | 0.79 | 0.80 | 0.59 | 0.58 | 0.58 | 0.59 | 0.59 | 0.59 | 0.60 | 0.64 | 0.59 |
| Total Stockholder Equity | 0.87 | 0.89 | 0.90 | 0.91 | 0.93 | 0.93 | 0.87 | 0.65 | 0.65 | 0.64 | 0.64 | 0.64 | 0.64 | 0.65 | 0.69 | 0.63 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Total Revenue | 92.15 | 91.59 | 89.80 | 88.57 | 87.90 | 85.41 | 87.60 | 85.80 | 69.25 | 72.51 | 71.84 | 71.34 | 71.69 | 70.01 | 66.92 | 66.02 | 64.41 | 62.60 | 62.24 | 60.70 |
| Selling, General & Admin | 33.39 | 27.66 | 29.79 | 29.74 | 30.99 | 28.35 | 28.01 | 30.24 | 28.60 | 26.93 | 24.40 | 25.69 | 26.61 | 23.30 | 22.23 | 23.09 | 23.77 | 21.74 | 20.24 | 20.32 |
| Total Operating Expenses | -- | -- | -- | -- | -- | -- | -- | -- | -- | 69.47 | 70.36 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating Income | (10.47) | (0.87) | (7.16) | (9.11) | (6.09) | (5.75) | (4.18) | (15.88) | (2.78) | 3.04 | 1.49 | 2.37 | 2.73 | (2.67) | (1.77) | (3.14) | (0.38) | (8.68) | 1.17 | 2.70 |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | 4.08 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 2.60 | -- |
| Pretax Income | (19.86) | (7.14) | (12.36) | (12.10) | (10.25) | (8.09) | (6.85) | (17.97) | (5.12) | 2.31 | 2.31 | 2.55 | 3.85 | (2.05) | (2.98) | (3.73) | (0.55) | (3.09) | 1.31 | 4.04 |
| Tax Provision | (4.11) | (1.77) | (2.97) | (3.05) | (1.12) | (1.90) | (1.54) | (5.20) | (1.03) | (0.28) | 0.72 | 0.76 | 1.78 | (0.23) | (0.25) | (0.50) | 0.05 | 0.62 | (5.42) | 2.19 |
| Net Income | (15.75) | (5.37) | (9.39) | (9.05) | (9.13) | -- | -- | (12.87) | 214.70 | 2.59 | 1.59 | 1.79 | 2.07 | (1.82) | (2.73) | (3.22) | (0.60) | 0.83 | 893.06 | 53.42 |
| Basic EPS | (0.31) | (0.13) | (0.20) | (0.19) | (0.19) | (0.34) | (0.13) | (0.24) | 4.25 | 0.05 | 0.03 | 0.04 | 0.04 | (0.05) | (0.05) | (0.06) | (0.01) | 0.01 | 17.86 | 1.07 |
| Diluted EPS | (0.31) | (0.13) | (0.20) | (0.19) | (0.19) | (0.30) | (0.13) | (0.24) | 4.21 | 0.05 | 0.03 | 0.04 | 0.04 | (0.05) | (0.05) | (0.06) | (0.01) | 0.01 | 17.81 | 1.07 |
Cash Flow Statement
(in billions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | 0.02 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.00 | 0.02 | 0.02 | 0.02 | 0.02 | 0.05 | 0.02 | 0.02 | 0.02 | 0.02 | (0.40) | -0.00 | 0.07 |
| Capital Expenditures | 0.08 | 0.11 | 0.08 | 0.09 | 0.08 | 0.09 | 0.08 | 0.08 | 0.07 | 0.07 | 0.05 | 0.07 | 0.07 | 0.06 | 0.04 | 0.04 | 0.05 | 0.04 | 0.04 | 0.04 |
| Free Cash Flow* | (0.05) | (0.08) | (0.05) | (0.07) | (0.06) | (0.07) | (0.05) | (0.08) | (0.05) | (0.04) | (0.03) | (0.05) | (0.02) | (0.04) | (0.03) | (0.02) | (0.03) | (0.44) | (0.04) | 0.03 |
| Investing Cash Flow | (0.06) | (0.08) | (0.06) | (0.08) | (0.08) | (0.08) | (0.07) | (0.42) | 0.24 | (0.06) | (0.04) | (0.07) | (0.07) | (0.05) | (0.04) | (0.04) | (0.05) | (0.04) | 1.91 | (0.04) |
| Financing Cash Flow | 0.06 | 0.08 | 0.02 | -0.00 | 0.10 | 0.07 | 0.05 | 0.07 | -0.00 | 0.15 | 0.02 | 0.02 | 0.02 | 0.05 | 0.02 | -0.00 | -0.00 | -0.00 | (1.62) | (0.01) |
* Derived from reported values
Dividends Per Share
(USD)| Metric | Q4
2021 | Q3
2021 |
|---|
| Dividends Per Share | 0.07 | 18.75 |
