FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8Q

Three-Statement Breakdown

VST
2026-06-30 · figures in $M

FCF UP

Free cash flow rose 5.7% to $334.0M, and covered net income 1.10×.

CASH FROM OPS -14.7%
1,023 25.5% MGN
CAPITAL EXPENDITURE -22.0%
689
FREE CASH FLOW +5.7%
334
FCF / NET INCOME +256.6%
1.10× TARGET >1.0×
Cash flow 24-09 24-12 25-03 25-06 25-09 25-12 26-03 QoQ YoY TTM 8Q
Net income
10-Q
1,888 441 -268 327 652 233 1,029 305 -70.4% -6.7% 2,219 2024-09-30 · $1.9B2024-12-31 · $441.0M2025-03-31 · -$268.0M2025-06-30 · $327.0M2025-09-30 · $652.0M2025-12-31 · $233.0M2026-03-31 · $1.0B2026-06-30 · $305.0M
Depreciation & amortization
10-Q
466 537 522 541 460 463 484 445 -8.1% -17.7% 1,852
Stock-based comp
23 24 21 25 36 31 32 35 +9.4% +40.0% 134
Cash from operations
1,702 1,353 599 572 1,467 1,432 1,199 1,023 -14.7% +78.8% 5,121 2024-09-30 · $1.7B2024-12-31 · $1.4B2025-03-31 · $599.0M2025-06-30 · $572.0M2025-09-30 · $1.5B2025-12-31 · $1.4B2026-03-31 · $1.2B2026-06-30 · $1.0B
Cash conversion
NOT DISCLOSED
0.90× 3.07× — 1.75× 2.25× 6.15× 1.17× 3.35× +187.9% +91.7% 2.31×
Capital expenditures
(685) (430) (768) (690) (458) (836) (883) (689) -22.0% -0.1% (2,866)
Free cash flow
1,017 923 -169 -118 1,009 596 316 334 +5.7% — 2,255 2024-09-30 · $1.0B2024-12-31 · $923.0M2025-03-31 · -$169.0M2025-06-30 · -$118.0M2025-09-30 · $1.0B2025-12-31 · $596.0M2026-03-31 · $316.0M2026-06-30 · $334.0M
FCF margin
16.2% 22.9% -4.3% -2.8% 20.3% 13.0% 5.6% 8.3% +48.4% — 11.7%
Cash from investing
-762 -317 -1,061 -610 -491 -2,234 -638 -641 — — -4,004
Dividends paid
80 75 83 69 77 77 77 77 +0.0% +11.6% 308
Share repurchases
399 245 337 252 187 252 372 337 -9.4% +33.7% 1,148
Debt repayment
1,163 18 6 751 7 1,820 115 3,744 32.6× 5.0× 5,686
Cash from financing
-1,661 -754 -164 -63 -833 986 -706 -578 — — -1,131
Net change in cash
-721 282 -626 -101 143 184 -145 -196 — — -14
Ending cash balance
905 1,188 561 458 602 785 634 435 -31.4% -5.0% 435

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

SELECTED · FREE CASH FLOW · QoQ BRIDGE
FROM316 CASH FROM OPERATIONS-176 CAPITAL EXPENDITURES+194 TO334
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-08-10 ↗