VAC Income Statement

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
Operating Revenue	2,974	2,936	2,844	2,996	2,494
Other Revenue	360	342	322	293	268
Revenue	3,334	3,278	3,166	3,289	2,762
Revenue Growth (YoY)	1.71%	3.54%	-3.74%	19.08%	49.78%
Cost of Revenue	1,418	1,305	1,235	1,229	1,221
Gross Profit	1,766	1,827	1,818	1,985	1,453
Selling, General & Admin	1,185	1,162	1,096	1,056	844
Operating Expenses	1,334	1,308	1,231	1,188	990
Operating Income	432	519	587	797	463
Interest Expense	-169	-162	-145	-118	-164
Currency Exchange Gain (Loss)	22	-13	6	-	-
Other Non Operating Income (Expenses)	7	-8	31	41	-49
EBT Excluding Unusual Items	292	336	479	720	250
Merger & Restructuring Charges	-15	-28	-43	-125	-110
Gain (Loss) on Sale of Investments	-	-	-8	-	-3
Gain (Loss) on Sale of Assets	-	8	8	-	-
Asset Writedown	-577	-2	-24	-2	-
Legal Settlements	-17	-17	-13	-11	-10
Other Unusual Items	2	4	-10	-	-
Pretax Income	-299	306	398	582	127
Income Tax Expense	8	89	146	191	74
Earnings From Continuing Operations	-307	217	252	391	53
Minority Interest in Earnings	-1	1	2	-	-4
Net Income	-308	218	254	391	49
Net Income to Common	-308	218	254	391	49
Net Income Growth	-	-14.17%	-35.04%	697.96%	-
Shares Outstanding (Basic)	35	35	37	40	43
Shares Outstanding (Diluted)	35	42	44	45	43
Shares Change (YoY)	-17.10%	-3.22%	-3.76%	4.39%	4.84%
EPS (Basic)	-8.83	6.16	6.96	9.68	1.15
EPS (Diluted)	-8.84	5.63	6.28	8.76	1.13
EPS Growth	-	-10.30%	-28.37%	674.19%	-
Free Cash Flow	-29	98	114	457	296
Free Cash Flow Per Share	-0.83	2.33	2.62	10.11	6.84
Dividend Per Share	3.170	3.070	2.920	2.580	1.080
Dividend Growth	3.26%	5.14%	13.18%	138.89%	100.00%
Gross Margin	52.97%	55.73%	57.42%	60.35%	52.61%
Operating Margin	12.96%	15.83%	18.54%	24.23%	16.76%
Profit Margin	-9.24%	6.65%	8.02%	11.89%	1.77%
Free Cash Flow Margin	-0.87%	2.99%	3.60%	13.89%	10.72%
EBITDA	581	665	722	929	609
EBITDA Margin	17.43%	20.29%	22.80%	28.25%	22.05%
D&A For EBITDA	149	146	135	132	146
EBIT	432	519	587	797	463
EBIT Margin	12.96%	15.83%	18.54%	24.23%	16.76%
Effective Tax Rate	-	29.09%	36.68%	32.82%	58.27%
Revenue as Reported	5,032	4,967	4,727	4,656	3,890

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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