Nuvera Communications Earnings 2020-09-30

Balance Sheet	Income Statement	Cash Flow
Assets, Equity	Rev, G Profit, Net Income	Ops, Inv, Fin

Form 10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

_________________

FORM 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934:

For the quarterly period ended September 30, 2020

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934:

For the transition period from_____to_____.

Commission File Number 0-3024

NUVERA COMMUNICATIONS, INC.

(Exact name of Registrant as specified in its charter)

Minnesota

(State or other jurisdiction of

incorporation or organization)

41-0440990

(I.R.S. Employer

Identification No.)

27 North Minnesota Street

New Ulm, Minnesota 56073

(Address of principal executive offices)

Registrant’s telephone number, including area code: (507) 354-4111

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 ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definition of “large accelerated filer”, “accelerated filer”, “non-accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. ☐ Large accelerated filer ☒ Accelerated filer ☐ Non-accelerated filer ☒ Smaller reporting company ☐ Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

Securities registered pursuant to Section 12(b) of the Act: None.

Title of each class	Trading Symbol	Name of each exchange on which registered
Common Stock - $1.66 par value	NUVR	OTCQB Marketplace

The total number of shares of the registrant’s common stock outstanding as of November 9, 2020: 5,199,101.

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PART I – FINANCIAL INFORMATION

Item 1	Financial Statements	3-9

	Consolidated Statements of Income (unaudited) for the Three and Nine Months Ended September 30, 2020 and 2019	3

	Consolidated Statements of Comprehensive Income (unaudited) for the Three and Nine Months Ended September 30, 2020 and 2019	4

	Consolidated Balance Sheets (unaudited) as of September 30, 2020 and December 31, 2019	5-6

	Consolidated Statements of Cash Flows (unaudited) for the Nine Months Ended September 30, 2020 and 2019	7

	Consolidated Statements of Stockholders’ Equity (unaudited) for the Three and Nine Months ended September 30, 2020 and 2019	8-9

	Condensed Notes to Consolidated Financial Statements (unaudited)	10-27

Item 2	Management’s Discussion and Analysis of Financial Condition and Results of Operations	28-41

Item 3	Quantitative and Qualitative Disclosures About Market Risk	41

Item 4	Controls and Procedures	41

PART II – OTHER INFORMATION

Item 1	Legal Proceedings	41

Item 1A	Risk Factors	42

Item 2	Unregistered Sales of Equity Securities and Use of Proceeds	42

Item 3	Defaults Upon Senior Securities	42

Item 4	Mine Safety Disclosures	42

Item 5	Other Information	42-43

Item 6	Exhibits Listing	43

	Signatures	44

	Exhibits

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PART I – FINANCIAL INFORMATION

Item 1. Financial Statements

NUVERA COMMUNICATIONS, INC. CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

	Three Months Ended September 30,				Nine Months Ended September 30,
	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
OPERATING REVENUES:
Local Service	$	1,664,700	$	1,785,759	$	5,095,754	$	5,466,870
Network Access		1,419,902		1,817,673		4,636,682		5,593,095
Video		3,081,057		3,016,376		9,158,795		9,054,239
Data		5,924,036		5,446,845		17,406,412		16,250,411
A-CAM/FUSF		2,995,736		3,019,922		9,089,391		9,123,524
Other Non-Regulated		1,255,142		1,064,399		3,264,560		3,103,624
Total Operating Revenues		16,340,573		16,150,974		48,651,594		48,591,763

OPERATING EXPENSES:
Plant Operations (Excluding Depreciation and Amortization)		3,201,938		3,075,977		9,403,009		8,949,683
Cost of Video		2,518,433		2,652,377		7,726,161		7,915,032
Cost of Data		915,104		861,684		2,572,503		2,035,477
Cost of Other Nonregulated Services		415,455		543,643		1,167,694		1,610,767
Depreciation and Amortization		3,019,123		3,035,666		9,119,649		9,085,570
Selling, General and Administrative		2,308,662		2,690,342		7,537,251		7,809,948
Total Operating Expenses		12,378,715		12,859,689		37,526,267		37,406,477

OPERATING INCOME		3,961,858		3,291,285		11,125,327		11,185,286

OTHER (EXPENSE) INCOME
Interest Expense		(613,541)		(827,380)		(1,907,898)		(2,659,769)
Interest/Dividend Income		5,936		22,122		104,465		133,180
Interest During Construction		25,946		49,525		93,507		125,607
Gain (Loss) on Investments		-		-		52,881		(104,044)
CoBank Patronage Dividends		-		-		647,369		403,786
Other Investment Income		36,956		71,718		197,170		259,635
Total Other Income (Expense)		(544,703)		(684,015)		(812,506)		(1,841,605)

INCOME BEFORE INCOME TAXES		3,417,155		2,607,270		10,312,821		9,343,681

INCOME TAXES		956,801		730,035		2,887,582		2,616,226

NET INCOME	$	2,460,354	$	1,877,235	$	7,425,239	$	6,727,455

NET INCOME PER SHARE
Basic	$	0.47	$	0.36	$	1.43	$	1.30
Diluted	$	0.47	$	0.36	$	1.43	$	1.30

DIVIDENDS PER SHARE	$	0.0000	$	0.1300	$	0.1300	$	0.3800

WEIGHTED AVERAGE SHARES OUTSTANDING
Basic		5,199,101		5,187,152		5,192,132		5,184,010
Diluted		5,205,684		5,197,326		5,197,140		5,192,214

The accompanying notes are an integral part of these consolidated financial statements.

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NUVERA COMMUNICATIONS, INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)

	Three Months Ended September 30,				Nine Months Ended September 30,
	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019

Net Income	$	2,460,354	$	1,877,235	$	7,425,239	$	6,727,455

Other Comprehensive Income (Loss):
Unrealized Gains (Losses) on Interest Rate Swaps		147,875		108,133		(2,773,292)		(372,748)
Income Tax Benefit (Expense) Related to Unrealized Gains (Losses) on Interest Rate Swaps		(42,203)		(30,862)		791,498		106,382
Other Comprehensive Income (Loss):		105,672		77,271		(1,981,794)		(266,366)

Comprehensive Income	$	2,566,026	$	1,954,506	$	5,443,445	$	6,461,089

The accompanying notes are an integral part of these consolidated financial statements.

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NUVERA COMMUNICATIONS, INC. CONSOLIDATED BALANCE SHEETS (Unaudited)

ASSETS

	September 30, 2020		December 31, 2019
	September 30, 2020		December 31, 2019
CURRENT ASSETS:
Cash	$	6,891,742	$	2,993,000
Receivables, Net of Allowance for Doubtful Accounts of $190,000 and $120,000		2,173,340		2,356,742
Income Taxes Receivable		120,318		-
Materials, Supplies, and Inventories		3,574,399		2,827,159
Prepaid Expenses and Other Current Assets		1,677,269		826,873
Total Current Assets		14,437,068		9,003,774

INVESTMENTS & OTHER ASSETS:
Goodwill		49,903,029		49,903,029
Intangibles		21,592,422		24,085,250
Other Investments		10,718,632		9,453,578
Right of Use Asset		1,264,266		1,558,164
Other Assets		232,318		182,581
Total Investments and Other Assets		83,710,667		85,182,602

PROPERTY, PLANT & EQUIPMENT:
Communications Plant		168,648,423		163,630,396
Other Property & Equipment		25,066,903		23,301,293
Video Plant		11,105,390		10,732,919
Total Property, Plant and Equipment		204,820,716		197,664,608
Less Accumulated Depreciation		136,087,561		129,605,576
Net Property, Plant & Equipment		68,733,155		68,059,032

TOTAL ASSETS	$	166,880,890	$	162,245,408

The accompanying notes are an integral part of these consolidated financial statements.

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NUVERA COMMUNICATIONS, INC. CONSOLIDATED BALANCE SHEETS (continued) (Unaudited)

LIABILITIES AND STOCKHOLDERS' EQUITY

	September 30, 2020		December 31, 2019
	September 30, 2020		December 31, 2019
CURRENT LIABILITIES:
Current Portion of Long-Term Debt, Net of Unamortized Loan Fees	$	6,300,590	$	4,511,844
Accounts Payable		1,725,943		1,807,334
Accrued Income Taxes		-		729,600
Other Accrued Taxes		172,583		232,862
Deferred Compensation		319,163		311,047
Accrued Compensation		2,410,261		2,511,798
Other Accrued Liabilities		652,230		1,046,034
Total Current Liabilities		11,580,770		11,150,519

LONG-TERM DEBT, Net of Unamortized Loan Fees		48,833,449		51,072,286

NONCURRENT LIABILITIES:
Loan Guarantees		321,446		319,346
Deferred Income Taxes		15,678,558		16,470,055
Other Accrued Liabilities		1,296,309		1,454,777
Financial Derivative Instruments		3,033,710		260,418
Deferred Compensation		530,364		759,952
Total Noncurrent Liabilities		20,860,387		19,264,548

COMMITMENTS AND CONTINGENCIES		-		-

STOCKHOLDERS' EQUITY:
Preferred Stock - $1.66 Par Value, 10,000,000 Shares Authorized, None Issued		-		-
Common Stock - $1.66 Par Value, 90,000,000 Shares Authorized, 5,199,101 and 5,189,218 Shares Issued and Outstanding		8,665,169		8,648,697
Accumulated Other Comprehensive Loss		(2,167,889)		(186,095)
Unearned Compensation		123,617		189,255
Retained Earnings		78,985,387		72,106,198
Total Stockholders' Equity		85,606,284		80,758,055

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	166,880,890	$	162,245,408

The accompanying notes are an integral part of these consolidated financial statements.

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NUVERA COMMUNICATIONS, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

	Nine Months Ended
	September 30, 2020		September 30, 2019
	September 30, 2020		September 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	$	7,425,239	$	6,727,455
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Depreciation and Amortization		9,193,566		9,159,487
Unrealized (Gains) Losses on Investments		(47,640)		104,044
Undistributed Earnings of Other Equity Investments		(225,680)		(274,078)
Noncash Patronage Refund		(143,692)		(100,946)
Stock Issued in Lieu of Cash Payment		234,522		261,636
Distributions from Equity Investments		100,000		200,000
Stock-based Compensation		13,098		90,311
Changes in Assets and Liabilities:
Receivables		186,608		1,292,931
Income Taxes Receivable		(120,318)		305,751
Materials, Supplies and Inventories		(747,240)		(385,600)
Prepaid Expenses		(780,450)		(393,269)
Other Assets		45,900		(36,900)
Accounts Payable		(137,845)		(622,853)
Accrued Income Taxes		(729,600)		495,476
Other Accrued Taxes		(60,279)		(51,786)
Other Accrued Liabilities		(359,911)		346,711
Deferred Compensation		(221,472)		(41,172)
Net Cash Provided by Operating Activities		13,624,806		17,077,198

CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to Property, Plant, and Equipment, Net		(7,894,696)		(7,939,722)
Grants Received for Construction of Plant		650,208		390,922
Other, Net		(1,044,785)		(139,815)
Net Cash Used in Investing Activities		(8,289,273)		(7,688,615)

CASH FLOWS FROM FINANCING ACTIVITIES:
Principal Payments of Long-Term Debt		(3,469,215)		(3,457,800)
Loan Proceeds		2,889,000		-
Changes in Revolving Credit Facility		56,207		-
Repurchase of Common Stock		(238,612)		(104,802)
Dividends Paid		(674,171)		(1,969,928)
Net Cash Used in Financing Activities		(1,436,791)		(5,532,530)

NET INCREASE IN CASH		3,898,742		3,856,053

CASH at Beginning of Period		2,993,000		1,584,769

CASH at End of Period	$	6,891,742	$	5,440,822

Supplemental cash flow information:
Cash paid for interest	$	1,821,995	$	2,631,805
Net cash paid for income taxes	$	3,737,500	$	1,815,000

The accompanying notes are an integral part of these consolidated financial statements.

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NUVERA COMMUNICATIONS, INC. CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited)

	THREE MONTHS ENDED SEPTEMBER 30, 2020
				Accumulated Other Comprehensive Income (Loss)

	Common Stock					Unearned Compensation		Retained Earnings		Total Equity
	Shares	Amount				Unearned Compensation		Retained Earnings		Total Equity

BALANCE on June 30, 2020	5,199,101	$	8,665,169	$	(2,273,561)	$	100,440	$	76,525,033	$	83,017,081

Restricted Stock Grant							23,177				23,177
Net Income									2,460,354		2,460,354
Unrealized Gain on Interest Rate Swap					105,672						105,672

BALANCE on September 30, 2020	5,199,101	$	8,665,169	$	(2,167,889)	$	123,617	$	78,985,387	$	85,606,284



	THREE MONTHS ENDED SEPTEMBER 30, 2019
				Accumulated Other Comprehensive Income (Loss)

	Common Stock					Unearned Compensation		Retained Earnings		Total Equity
	Shares	Amount				Unearned Compensation		Retained Earnings		Total Equity

BALANCE on June 30, 2019	5,190,810	$	8,651,350	$	(634,658)	$	133,933	$	70,004,714	$	78,155,339

Restricted Stock Grant							36,162				36,162
Repurchase of Common Stock	(5,487)		(9,145)						(95,657)		(104,802)
Net Income									1,877,235		1,877,235
Dividends									(674,092)		(674,092)
Unrealized Gain on Interest Rate Swap					77,271						77,271

BALANCE on September 30, 2019	5,185,323	$	8,642,205	$	(557,387)	$	170,095	$	71,112,200	$	79,367,113

The accompanying notes are an integral part of these consolidated financial statements.

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NUVERA COMMUNICATIONS, INC. CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited)

	NINE MONTHS ENDED SEPTEMBER 30, 2020
				Accumulated Other Comprehensive Income (Loss)

	Common Stock					Unearned Compensation		Retained Earnings		Total Equity
	Shares	Amount				Unearned Compensation		Retained Earnings		Total Equity

BALANCE on December 31, 2019	5,189,218	$	8,648,697	$	(186,095)	$	189,255	$	72,106,198	$	80,758,055

Directors' Stock Plan	12,264		20,440						179,464		199,904
Employee Stock Plan	6,971		11,618						92,947		104,565
Restricted Stock Grant							60,978				60,978
Exercise of RSU's	4,144		6,907				(126,616)		71,829		(47,880)
Repurchase of Common Stock	(13,496)		(22,493)						(216,119)		(238,612)
Net Income									7,425,239		7,425,239
Dividends									(674,171)		(674,171)
Unrealized Loss on Interest Rate Swap					(1,981,794)						(1,981,794)

BALANCE on September 30, 2020	5,199,101	$	8,665,169	$	(2,167,889)	$	123,617	$	78,985,387	$	85,606,284



	NINE MONTHS ENDED SEPTEMBER 30, 2019
				Accumulated Other Comprehensive Income (Loss)

	Common Stock					Unearned Compensation		Retained Earnings		Total Equity
	Shares	Amount				Unearned Compensation		Retained Earnings		Total Equity

BALANCE on December 31, 2018	5,175,258	$	8,625,430	$	(291,021)	$	79,784	$	66,181,285	$	74,595,478

Directors' Stock Plan	9,561		15,935						164,003		179,938
Employee Stock Plan	5,991		9,985						105,042		115,027
Restricted Stock Grant							90,311				90,311
Repurchase of Common Stock	(5,487)		(9,145)						(95,657)		(104,802)
Net Income									6,727,455		6,727,455
Dividends									(1,969,928)		(1,969,928)
Unrealized Loss on Interest Rate Swap					(266,366)						(266,366)

BALANCE on September 30, 2019	5,185,323	$	8,642,205	$	(557,387)	$	170,095	$	71,112,200	$	79,367,113

The accompanying notes are an integral part of these consolidated financial statements.

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NUVERA COMMUNICATIONS, INC.

CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2020 (Unaudited)

Note 1 – Basis of Presentation and Consolidation

The accompanying unaudited condensed consolidated financial statements of Nuvera Communications, Inc. and its subsidiaries (Nuvera) have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information, rules and regulations of the Securities and Exchange Commission (SEC) and, where applicable, conform to the accounting principles as prescribed by federal and state telephone utility regulatory authorities. Certain information and disclosures normally included in annual financial statements prepared in accordance with GAAP have been omitted or condensed pursuant to such rules and regulations. In the opinion of management, the unaudited condensed consolidated financial statements reflect all adjustments (consisting only of normal and recurring accruals) considered necessary for the fair presentation of the financial statements and present fairly the results of operations, financial position and cash flows for the interim periods presented as required by Regulation S-X, Rule 10-01. These unaudited interim condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements and notes thereto contained in our Annual Report on Form 10-K for the year ended December 31, 2019.

The preparation of our financial statements requires our management to make estimates and judgements that affect the reported amounts of assets, liabilities, revenue and expenses, and the related disclosure of contingent assets and liabilities at the date of the financial statements and during the reporting period. Actual results may differ from these estimates. The results of operations for the interim periods presented are not necessarily indicative of the results that may be expected for the fiscal year as a whole or any other interim period.

Our consolidated financial statements report the financial condition and results of operations for Nuvera and its subsidiaries in one business segment: the Communications Segment. Inter-company transactions have been eliminated from the consolidated financial statements.

Revenue Recognition

See Note 2 – “Revenue Recognition” for a discussion of our revenue recognition policies.

Cost of Services (excluding depreciation and amortization)

Cost of services includes all costs related to delivery of communication services and products. These operating costs include all costs of performing services and providing related products including engineering, network monitoring and transport cost.

Selling, General and Administrative Expenses

Selling, general and administrative expenses include direct and indirect selling expenses, customer service, billing and collections, advertising and all other general and administrative costs associated with the operations of the business.

Depreciation and Amortization Expense

We use the group life method (mass asset accounting) to depreciate the assets of our telephone companies. Telephone plant acquired in a given year is grouped into similar categories and depreciated over the remaining estimated useful life of the group. When an asset is retired, both the asset and the accumulated depreciation associated with that asset are removed from the books. Due to rapid changes in technology, selecting the estimated economic life of communications plant and equipment requires a significant amount of judgment. We periodically review data on expected utilization of new equipment, asset retirement activity and net salvage values to determine adjustments to our depreciation rates. Depreciation expense was $6,626,821 and $6,592,743 for the nine months ended September 30, 2020 and 2019. We amortize our definite-lived intangible assets over their estimated useful lives. Identifiable intangible assets that are subject to amortization are evaluated for impairment.

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Income Taxes

The provision for income taxes consists of an amount for taxes currently payable and a provision for tax consequences deferred to future periods. Deferred income taxes are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities, and their respective tax bases. Significant components of our deferred taxes arise from differences (i) in the basis of property, plant and equipment due to the use of accelerated depreciation methods for tax purposes, as well as (ii) in partnership investments and intangible assets due to the difference between book and tax basis. Our effective income tax rate is normally higher than the United States tax rate due to state income taxes and permanent differences.

We account for income taxes in accordance with GAAP, which requires an asset and liability approach to financial accounting and reporting for income taxes. As required by GAAP, we recognize the financial statement benefit of a tax position only after determining that the relevant tax authority would more-likely-than-not sustain the position following an audit. For tax positions meeting the more-likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority.

As of September 30, 2020 and December 31, 2019 we had no unrecognized tax benefits.

We are primarily subject to United States, Minnesota, Iowa, Nebraska, North Dakota and Wisconsin income taxes. Tax years subsequent to 2015 remain open to examination by federal and state tax authorities. Our policy is to recognize interest and penalties related to income tax matters as income tax expense. As of September 30, 2020 and December 31, 2019 we had no interest or penalties accrued that related to income tax matters.

Earnings and Dividends Per Share

The basic and diluted net income per share are calculated as follows:

Three Months Ended

September 30, 2020

Three Months Ended

September 30, 2019

Nine Months Ended

September 30, 2020

Nine Months Ended

September 30, 2019

Basic

Diluted

Basic

Diluted

Basic

Diluted

Basic

Diluted

Net Income

2,460,354

1,877,235

Price	18.99	EPS	1
Shares	5	P/E	15
MCap	99	P/FCF	6
Net Debt	53	EBIT	12
TEV	151	TEV/EBIT	13
TTM 2019-09-30, in MM, except price, ratios

10-Q	2020-09-30	Filed 2020-11-09
10-Q	2020-06-30	Filed 2020-08-10
10-Q	2020-03-31	Filed 2020-05-11
10-K	2019-12-31	Filed 2020-03-16
10-Q	2019-09-30	Filed 2019-11-12
10-Q	2019-06-30	Filed 2019-08-09
10-Q	2019-03-31	Filed 2019-05-10
10-K	2018-12-31	Filed 2019-03-14
10-Q	2018-09-30	Filed 2018-11-14
10-Q	2018-06-30	Filed 2018-08-14
10-Q	2018-03-31	Filed 2018-05-15
10-K	2017-12-31	Filed 2018-03-15
10-Q	2017-09-30	Filed 2017-11-14
10-Q	2017-06-30	Filed 2017-08-14
10-Q	2017-03-31	Filed 2017-05-15
10-K	2016-12-31	Filed 2017-03-15
10-Q	2016-09-30	Filed 2016-11-14
10-Q	2016-06-30	Filed 2016-08-15
10-Q	2016-03-31	Filed 2016-05-16
10-K	2015-12-31	Filed 2016-03-15
10-Q	2015-09-30	Filed 2015-11-16
10-Q	2015-06-30	Filed 2015-08-14
10-Q	2015-03-31	Filed 2015-05-15
10-K	2014-12-31	Filed 2015-03-16
10-Q	2014-09-30	Filed 2014-11-14
10-Q	2014-06-30	Filed 2014-08-14
10-Q	2014-03-31	Filed 2014-05-15
10-K	2013-12-31	Filed 2014-03-14
10-Q	2013-09-30	Filed 2013-11-12
10-Q	2013-06-30	Filed 2013-08-14
10-Q	2013-03-31	Filed 2013-05-15
10-K	2012-12-31	Filed 2013-03-22
10-Q	2012-09-30	Filed 2012-11-09
10-Q	2012-06-30	Filed 2012-08-14
10-Q	2012-03-31	Filed 2012-05-14
10-K	2011-12-31	Filed 2012-03-26
10-Q	2011-09-30	Filed 2011-11-14
10-Q	2011-06-30	Filed 2011-08-15
10-Q	2011-03-31	Filed 2011-05-13
10-K	2010-12-31	Filed 2011-03-28
10-Q	2010-09-30	Filed 2010-11-12
10-Q	2010-06-30	Filed 2010-08-12
10-Q	2010-03-31	Filed 2010-05-12
10-K	2009-12-31	Filed 2010-03-29

8-K	2020-09-02	Other Events, Exhibits
8-K	2020-05-21
8-K	2020-04-01
8-K	2019-08-27
8-K	2019-05-23
8-K	2019-05-23
8-K	2019-04-15
8-K	2019-03-08
8-K	2018-11-15
8-K	2018-07-31
8-K	2018-07-31
8-K	2018-06-04
8-K	2018-05-24
8-K	2018-05-23
8-K	2018-03-26
8-K	2018-02-22

EX-31.1	exhibit31_1.htm
EX-31.2	exhibit31_2.htm
EX-32.1	exhibit32_1.htm
EX-32.2	exhibit32_2.htm

NUVR 10Q Quarterly Report

Nuvera Communications Earnings 2020-09-30

NUVERA COMMUNICATIONS, INC.

CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS