VST: financial statements from SEC

Income statement

Metric	Dec 31, 2025	Dec 31, 2024
Revenue	17.74bn	17.22bn
Selling, general and administrative	1.71bn	1.60bn
Operating income	1.91bn	4.08bn
Pre-tax income	1.12bn	3.47bn
Income tax	179m	655m
Net income	944m	2.66bn
Earnings per share	2.22	7.16
Earnings per share, diluted	2.18	7.00
Weighted average shares	339m	345m
Weighted average shares, diluted	346m	353m

Metric	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Cash and equivalents	634m	785m	602m	458m	561m	1.19bn	940m	1.66bn
Receivables	1.98bn	2.32bn	2.33bn	2.23bn	1.92bn	1.98bn	2.18bn	2.09bn
Inventory	—	—	970m	965m	960m	970m	949m	964m
Current assets	9.02bn	9.18bn	8.38bn	8.48bn	8.43bn	8.12bn	8.53bn	9.83bn
Property, plant and equipment	19.88bn	19.85bn	17.73bn	17.74bn	17.72bn	18.17bn	18.39bn	18.21bn
Goodwill	2.81bn	2.81bn	2.81bn	2.81bn	2.81bn	2.81bn	2.80bn	2.92bn
Total assets	41.31bn	41.55bn	38.02bn	38.15bn	38.23bn	37.77bn	37.88bn	39.13bn
Current liabilities	10.06bn	11.81bn	8.43bn	9.43bn	9.75bn	8.43bn	7.66bn	10.06bn
Short-term debt	0	1.80bn	—	861m	—	0	—	0
Long-term debt	17.26bn	15.84bn	15.76bn	15.54bn	15.42bn	15.42bn	13.95bn	13.95bn
Total liabilities	35.70bn	36.44bn	32.80bn	33.31bn	33.39bn	32.19bn	29.23bn	31.82bn
Equity	5.60bn	5.10bn	5.21bn	4.84bn	4.84bn	5.57bn	5.46bn	7.31bn
Shares outstanding	338m	338m	339m	339m	340m	340m	341m	345m
Treasury shares	218m	216m	214m	213m	211m	209m	207m	203m

Metric	Dec 31, 2025	Dec 31, 2024
Operating cash flow	4.07bn	4.56bn
Depreciation and amortisation	1.99bn	1.84bn
Share-based compensation	113m	100m
Capital expenditure	2.75bn	2.08bn
Investing cash flow	−4.40bn	−5.28bn
Dividends paid	306m	305m
Share buybacks	1.03bn	1.27bn
Financing cash flow	−74m	−1.60bn