FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8Q

Three-Statement Breakdown

VST
2026-06-30 · figures in $M

NET DEBT UP

Net debt rose 3.4% to $19.2B — the highest of its last 8 readings, and stands at 4.80× annualized EBITDA.

CASH -31.4%
435
TOTAL DEBT +2.3%
19,595
NET DEBT +3.4%
19,160
NET DEBT / ANN. EBITDA +105.5%
4.80× TARGET <2.0×
Balance sheet 24-09 24-12 25-03 25-06 25-09 25-12 26-03 QoQ YoY
Cash & equivalents
10-Q
905 1,188 561 458 602 785 634 435 -31.4% -5.0%
Accounts receivable
10-Q
2,179 1,982 1,924 2,229 2,327 2,323 1,984 2,293 +15.6% +2.9%
Inventories
NOT DISCLOSED
949 970 960 965 970 — — — — —
Other current assets
RESTATED · WAS 515 10-Q
625 523 596 678 647 654 629 832 +32.3% +22.7%
Total current assets
10-Q
8,531 8,119 8,430 8,484 8,381 9,179 9,016 10,276 +14.0% +21.1%
Current ratio
10-Q
1.11× 0.96× 0.86× 0.90× 0.99× 0.78× 0.90× 0.97× +8.6% +8.2%
Goodwill
10-Q
2,802 2,807 2,810 2,810 2,810 2,810 2,810 2,810 +0.0% +0.0%
Property, plant & equipment
10-Q
18,388 18,173 17,716 17,736 17,725 19,846 19,876 19,944 +0.3% +12.4%
Total assets
10-Q
37,878 37,770 38,228 38,146 38,020 41,550 41,308 42,603 +3.1% +11.7%
Return on assets (annualized)
10-Q
19.9% 4.7% -2.8% 3.4% 6.9% 2.2% 10.0% 2.9% -71.3% -16.5%
Accounts payable
10-Q
1,291 1,510 1,328 1,276 1,362 1,644 1,359 1,504 +10.7% +17.9%
Short-term debt
10-Q
785 880 882 230 231 1,201 1,899 1,876 -1.2% +715.7%
Total current liabilities
10-Q
7,660 8,432 9,753 9,434 8,426 11,814 10,059 10,557 +5.0% +11.9%
Long-term debt
10-Q
13,945 15,418 15,423 15,540 15,757 15,842 17,264 17,719 +2.6% +14.0%
Total liabilities
10-Q
29,225 32,187 33,390 33,310 32,797 36,440 35,698 37,109 +4.0% +11.4%
Net debt
10-Q
13,825 15,110 17,099 16,173 15,386 18,058 18,529 19,160 +3.4% +18.5%
Temporary equity
NOT DISCLOSED
3,198 — — — — — — — — —
Stockholders' equity
10-Q
5,455 5,583 4,838 4,836 5,223 5,110 5,610 5,494 -2.1% +13.6%
Net debt / TTM EBITDA
10-Q
1.13× 3.33× 10.63× 3.83× 2.57× 4.82× 2.34× 4.80× +105.5% +25.4%

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

SELECTED · NET DEBT · QoQ BRIDGE
FROM18,529 TOTAL DEBT+432 CASH & EQUIVALENTS+199 TO19,160
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-08-10 ↗