Venture Global Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	2,491	1,687	2,811	1,976	-436
Depreciation & Amortization	794	322	277	158	6
Asset Writedown & Restructuring Costs	-	-	-	-	7
Stock-Based Compensation	38	22	28	26	20
Other Operating Activities	1,858	33	1,715	1,212	-171
Change in Accounts Receivable	-538	-90	-75	-190	-
Change in Inventory	-54	-127	-18	-26	-
Change in Accounts Payable	582	288	-55	541	66
Change in Other Net Operating Assets	-43	14	-133	5	5
Operating Cash Flow	5,128	2,149	4,550	3,702	-503
Operating Cash Flow Growth	147.85%	-52.77%	22.91%	-	-
Capital Expenditures	-13,399	-13,717	-8,091	-4,618	-2,079
Investment in Securities	-106	-106	-539	-	11
Other Investing Activities	205	-336	-95	1,718	-10
Investing Cash Flow	-13,300	-14,159	-8,725	-2,900	-2,078
Long-Term Debt Issued	-	9,360	16,153	7,669	7,771
Long-Term Debt Repaid	-	-905	-5,918	-5,043	-3,272
Net Debt Issued (Repaid)	6,013	8,455	10,235	2,626	4,499
Common Dividends Paid	-479	-139	-164	-6	-7
Other Financing Activities	-1,205	-564	-2,436	-2,385	-869
Financing Cash Flow	6,079	10,752	7,635	235	3,623
Net Cash Flow	-2,093	-1,258	3,460	1,037	1,042
Free Cash Flow	-8,271	-11,568	-3,541	-916	-2,582
Free Cash Flow Margin	-76.24%	-232.66%	-44.84%	-14.21%	-
Free Cash Flow Per Share	-3.14	-4.47	-1.65	-0.47	-
Cash Interest Paid	338	338	368	220	-
Cash Income Tax Paid	10	10	127	-	-
Levered Free Cash Flow	-11,473	-11,315	-4,797	-	-
Unlevered Free Cash Flow	-10,447	-10,950	-4,397	-	-
Change in Working Capital	-53	85	-281	330	71

Source: S&P Global Market Intelligence. Standard template. Financial Sources.