VAC Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Net Income	-342	-307	217	252	391	53
Depreciation & Amortization	145	149	146	135	132	146
Stock-Based Compensation	41	38	33	31	39	51
Other Adjustments	716	698	381	207	214	194
Change in Receivables	-25	-40	-16	-105	-45	-
Changes in Inventories	37	27	-33	87	104	61
Changes in Accounts Payable	-39	-5	9	1	112	42
Changes in Accrued Expenses	15	-2	16	-46	53	35
Changes in Unearned Revenue	22	15	-27	34	-9	88
Changes in Other Operating Activities	-546	-545	-521	-364	-469	-327
Operating Cash Flow	16	28	205	232	522	343
Operating Cash Flow Growth	-92.38%	-86.34%	-11.64%	-55.56%	52.19%	14.72%
Capital Expenditures	-51	-57	-57	-118	-65	-47
Sale of Property, Plant & Equipment	-	3	8	16	3	3
Purchases of Investments	-12	-16	-16	-10	-18	-14
Payments for Business Acquisitions	-	-	-	-	-	-157
Proceeds from Business Divestments	50	-	-	-	94	-
Other Investing Activities	-	-	-50	-	2	2
Investing Cash Flow	-10	-70	-115	-112	16	-213
Long-Term Debt Issued	3,830	3,137	3,459	2,562	2,297	2,068
Long-Term Debt Repaid	-3,561	-2,685	-3,389	-2,552	-1,880	-2,207
Net Long-Term Debt Issued (Repaid)	269	452	70	10	417	-139
Repurchase of Common Stock	-25	-61	-56	-286	-701	-78
Net Common Stock Issued (Repurchased)	-25	-61	-56	-286	-701	-78
Common Dividends Paid	-110	-110	-107	-106	-99	-23
Other Financing Activities	-35	-40	-39	-19	-103	-77
Financing Cash Flow	99	241	-132	-401	-486	-317
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-	6	-4	1	-	-
Net Cash Flow	105	205	-46	-280	52	-187
Free Cash Flow	-35	-29	148	114	457	296
Free Cash Flow Growth	-	-	29.83%	-75.06%	54.39%	14.73%
FCF Margin	-0.69%	-0.58%	2.98%	2.41%	9.82%	7.61%
Free Cash Flow Per Share	-0.96	-0.83	3.52	2.62	10.11	6.84
Levered Free Cash Flow	-490	-274	-179	-7	666	-92
Unlevered Free Cash Flow	1,150	1,144	1,078	1,057	1,303	656.54

SEC Filings: 10-K · 10-Q