FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8Y

Three-Statement Breakdown

VST
2026-06-30 · figures in $M

NET DEBT UP

Net debt rose 20% to $18.1B — the highest of its last 8 readings, and stands at 4.64× annualized EBITDA.

CASH -33.9%
785
TOTAL DEBT +15.6%
18,843
NET DEBT +19.5%
18,058
NET DEBT / ANN. EBITDA +81.9%
4.64× TARGET <2.0×
Balance sheet FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 YoY
Cash & equivalents
10-Q
636 300 406 1,325 455 3,485 1,188 785 -33.9%
Accounts receivable
10-Q
1,087 1,365 1,279 1,397 2,059 1,674 1,982 2,323 +17.2%
Inventories
NOT DISCLOSED
412 469 515 610 570 740 970 — —
Other current assets
RESTATED · WAS 515 10-Q
152 298 205 195 293 364 523 654 +25.0%
Total current assets
10-Q
3,435 4,114 3,429 7,883 11,116 11,637 8,119 9,179 +13.1%
Current ratio
10-Q
0.95× 0.90× 1.13× 1.35× 1.08× 1.18× 0.96× 0.78× -19.3%
Goodwill
10-Q
2,068 2,553 2,583 2,583 2,583 2,583 2,807 2,810 +0.1%
Property, plant & equipment
10-Q
14,612 13,914 13,499 13,056 12,554 12,432 18,173 19,846 +9.2%
Total assets
10-Q
26,024 26,616 25,208 29,683 32,787 32,966 37,770 41,550 +10.0%
Return on assets (annualized)
10-Q
-0.2% 3.5% 2.5% -4.3% -3.7% 4.5% 7.0% 2.3% -67.7%
Accounts payable
10-Q
945 947 880 1,515 1,556 1,147 1,510 1,644 +8.9%
Short-term debt
10-Q
191 277 95 254 38 2,286 880 1,201 +36.5%
Total current liabilities
10-Q
3,625 4,574 3,036 5,843 10,337 9,823 8,432 11,814 +40.1%
Long-term debt
10-Q
10,874 10,102 9,235 10,477 11,933 12,116 15,418 15,842 +2.8%
Total liabilities
10-Q
18,157 18,656 16,847 21,391 27,869 27,644 32,187 36,440 +13.2%
Net debt
10-Q
10,429 10,429 8,924 9,406 12,166 10,917 15,110 18,058 +19.5%
Temporary equity
NOT DISCLOSED
— — — — — 0 — — —
Stockholders' equity
10-Q
7,867 7,960 8,361 8,292 4,918 5,322 5,583 5,110 -8.5%
Net debt / TTM EBITDA
10-Q
5.53× 2.87× 2.74× 39.52× 29.04× 2.62× 2.55× 4.64× +81.9%

Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.

SELECTED · NET DEBT · QoQ BRIDGE
FROM15,110 TOTAL DEBT+2,545 CASH & EQUIVALENTS+403 TO18,058
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-08-10 ↗