Strategy Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	2,301	38.12	46.82	43.84	63.36
Cash & Short-Term Investments	2,301	38.12	46.82	43.84	63.36
Cash Growth	5937.91%	-18.58%	6.80%	-30.81%	6.17%
Accounts Receivable	205.75	183.8	185.02	189.88	190.38
Other Receivables	-	-	15.3	2.5	-
Receivables	205.75	183.8	200.32	192.38	190.38
Prepaid Expenses	55.05	28.62	18.91	21.32	13.15
Restricted Cash	1.87	1.78	1.86	7.03	1.08
Total Current Assets	2,564	252.32	267.9	264.57	267.97
Property, Plant & Equipment	75.83	80.89	86.28	93.61	103.35
Long-Term Accounts Receivable	-	6.8	0.9	0.7	-
Long-Term Deferred Tax Assets	4.51	1,525	757.57	188.15	319.78
Long-Term Deferred Charges	-	48.3	15.7	15.8	4.7
Other Long-Term Assets	58,997	23,930	3,634	1,847	2,861
Total Assets	61,641	25,844	4,763	2,410	3,557
Accounts Payable	50.34	23.5	31.48	42.98	46.08
Accrued Expenses	75.61	73.11	51.54	56.55	56.04
Current Portion of Long-Term Debt	31.31	0.52	0.48	0.45	-
Current Portion of Leases	-	10.38	10.41	-	-
Current Income Taxes Payable	-	9.5	-	-	-
Current Unearned Revenue	272.12	237.97	228.16	217.43	209.86
Other Current Liabilities	27.12	0.4	1.2	-	-
Total Current Liabilities	456.49	355.38	323.27	317.4	311.99
Long-Term Debt	8,159	7,191	2,182	2,379	2,155
Long-Term Leases	46.14	56.4	61.09	67.34	76.61
Long-Term Unearned Revenue	5.45	4.97	8.52	12.76	8.09
Long-Term Deferred Tax Liabilities	1,926	0.41	0.36	0.2	0.11
Other Long-Term Liabilities	4.74	5.38	22.21	17.12	26.22
Total Liabilities	10,598	7,614	2,598	2,793	2,578
Common Stock	0.31	0.25	0.03	0.02	0.02
Additional Paid-In Capital	37,807	20,412	3,958	1,841	1,727
Retained Earnings	6,322	-2,167	-999.23	-1,428	41.44
Treasury Stock	-	-	-782.1	-782.1	-782.1
Comprehensive Income & Other	-5.17	-15.38	-11.44	-13.8	-7.54
Total Common Equity	44,123	18,230	2,165	-383.12	978.96
Shareholders' Equity	51,043	18,230	2,165	-383.12	978.96
Total Liabilities & Equity	61,641	25,844	4,763	2,410	3,557
Total Debt	8,236	7,258	2,254	2,446	2,232
Net Cash (Debt)	-5,935	-7,220	-2,207	-2,403	-2,168
Net Cash Per Share	-21.37	-37.50	-13.32	-21.22	-21.64
Filing Date Shares Outstanding	312.06	257.35	169.68	115.49	112.85
Total Common Shares Outstanding	312.06	245.78	168.68	115.49	112.86
Working Capital	2,108	-103.06	-55.38	-52.84	-44.02
Book Value Per Share	141.39	74.17	12.83	-3.32	8.67
Tangible Book Value	44,123	18,230	2,165	-383.12	978.96
Tangible Book Value Per Share	141.39	74.17	12.83	-3.32	8.67
Machinery	-	120.18	119.54	118.96	120.43
Leasehold Improvements	-	29.55	29.94	28.76	28.87

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