FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8P

Three-Statement Breakdown

VST
2026-06-30 · figures in $M

FCF UP

Free cash flow rose 25% to $2.3B, and covered net income 1.02×.

CASH FROM OPS +9.7%
5,121 26.7% MGN
CAPITAL EXPENDITURE -0.0%
2,866
FREE CASH FLOW +25.1%
2,255
FCF / NET INCOME +26.3%
1.02× TARGET >1.0×
Cash flow TTM 24-09 TTM 24-12 TTM 25-03 TTM 25-06 TTM 25-09 TTM 25-12 TTM 26-03 vs prior TTM YoY TTM 8Q
Net income
10-Q
2,034 2,659 2,426 2,388 1,152 944 2,241 2,219 -1.0% -7.1% 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
1,698 1,843 1,962 2,066 2,060 1,986 1,948 1,852 -4.9% -10.4% 1,852
Stock-based comp
90 100 100 93 106 113 124 134 +8.1% +44.1% 134
Cash from operations
4,091 4,563 4,850 4,226 3,991 4,070 4,670 5,121 +9.7% +21.2% 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
2.01× 1.72× 2.00× 1.77× 3.46× 4.31× 2.08× 2.31× +10.7% +30.4% 2.31×
Capital expenditures
(2,062) (2,078) (2,381) (2,573) (2,346) (2,752) (2,867) (2,866) -0.0% +11.4% (2,866)
Free cash flow
2,029 2,485 2,469 1,653 1,645 1,318 1,803 2,255 +25.1% +36.4% 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
12.5% 14.4% 13.6% 8.9% 9.6% 7.4% 9.3% 11.7% +26.6% +31.4% 11.7%
Cash from investing
-5,722 -5,276 -2,809 -2,750 -2,479 -4,396 -3,973 -4,004 — — -4,004
Dividends paid
315 305 311 307 304 306 300 308 +2.7% +0.3% 308
Share repurchases
1,400 1,266 1,312 1,233 1,021 1,028 1,063 1,148 +8.0% -6.9% 1,148
Debt repayment
2,281 2,287 1,537 1,938 782 2,584 2,693 5,686 +111.1% +193.4% 5,686
Cash from financing
-654 -1,604 -2,561 -2,642 -1,814 -74 -616 -1,131 — — -1,131
Net change in cash
-2,285 -2,317 -520 -1,166 -302 -400 81 -14 — — -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
FROM1,803 CASH FROM OPERATIONS+451 CAPITAL EXPENDITURES+1 TO2,255
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-08-10 ↗