SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Form 10-Q/A
QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For Quarter and Nine Months Ended September 30, 2001
Commission File Number 0-9881
SHENANDOAH TELECOMMUNICATIONS COMPANY
(Exact name of registrant as specified in its charter)
Virginia 54-1162807
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification Number)
PO Box 459, Edinburg, Virginia 22824
(Address of principal executive office and zip code)
Registrant's telephone number, including area code: (540) 984-4141
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
YES _X_ NO ___
Indicate the number of shares outstanding of each of the issuer's classes of
common stock as of the close of the period covered by this report.
Class Outstanding at October 31, 2001
- ------------------------------- -------------------------------
Common Stock, No Par Value 3,764,873 Shares
SHENANDOAH TELECOMMUNICATIONS COMPANY AND SUBSIDIARY COMPANIES
EXPLANATORY NOTE
This Amendment No. 1 to the Registrant's Quarterly Report on Form 10-Q for the
Quarter ended September 30, 2001, is being filed to revise the presentation of
the EBITDA results by segment, for the three months and nine months ended
September 30, 2000. This information was presented in Note 4 to the Unaudited
Condensed Consolidated Financial Statements. The tables below are a restatement
of the segment results for the three month and nine month periods ended
September 30, 2000. The EBITDA values originally reported for the three month
and nine month periods ended September 30, 2001 were not impacted by this
revision.
In thousands
(unaudited) For the three months ended
September 30, 2000
External Internal Net
Revenues Revenues EBITDA Income (Loss)
-------------------------------------------------------------------
Holding $ -- $ -- $ 9 $ 147
Telephone 4,757 658 3,353 1,480
Cable TV 923 1 384 (36)
ShenTel 1,260 56 67 (78)
Leasing 6 -- 1 1
Mobile 4,602 245 2,048 1,116
PCS 3,912 8 (472) (804)
Long Distance 278 90 64 40
Network 144 49 155 66
-------------------------------------------------------------------
Combined totals $15,882 $1,107 $5,609 $1,932
Inter-segment eliminations -- (1,107) -- --
-------------------------------------------------------------------
Consolidated totals $15,882 -- $5,609 $1,932
===================================================================
In thousands For the nine months ended
(unaudited) September 30, 2000
External Internal Net
Revenues Revenues EBITDA Income (Loss)
-------------------------------------------------------------------
Holding $ -- $ -- $ 197 $ 425
Telephone 14,041 1,778 10,091 4,487
Cable TV 2,708 2 1,068 (104)
ShenTel 3,871 170 531 (19)
Leasing 11 - 2 10
Mobile 12,728 650 12,605 7,401
PCS 9,057 20 (2,317) (2,748)
Long Distance 808 285 215 135
Network 434 143 486 233
-------------------------------------------------------------------
Combined totals $43,658 $3,048 $22,878 $9,820
Inter-segment eliminations -- (3,048) -- --
-------------------------------------------------------------------
Consolidated totals $43,658 -- $22,878 $9,820
===================================================================
2
SHENANDOAH TELECOMMUNICATIONS COMPANY AND SUBSIDIARY COMPANIES
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
SHENANDOAH TELECOMMUNICATIONS COMPANY
(Registrant)
December 6, 2001 /s/ CHRISTOPHER E. FRENCH
Christopher E. French
President
December 6, 2001 /s/ LAURENCE F. PAXTON
Laurence F. Paxton
Vice President - Finance
3