Financial Statements — VAC
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.21 | 0.27 | 0.47 | 0.21 | 0.20 | 0.20 | 0.21 | 0.24 | 0.27 | 0.24 | 0.31 | 0.29 | 0.32 | 0.35 | 0.45 | 1.31 | 0.64 |
| Real Estate Assets | 0.94 | 0.94 | 1.33 | 1.28 | 1.17 | 1.17 | 1.30 | 1.30 | 1.25 | 1.22 | 1.22 | 1.14 | 1.15 | 1.16 | 1.08 | 1.03 | 0.89 |
| Total Assets | 9.48 | 9.64 | 10.15 | 9.89 | 9.88 | 9.74 | 9.61 | 9.87 | 9.45 | 9.48 | 9.60 | 9.24 | 9.34 | 9.50 | 9.54 | 10.41 | 9.19 |
| Total Liabilities | 7.42 | 7.64 | 7.68 | 7.40 | 7.45 | 7.32 | 7.24 | 7.49 | 7.04 | 7.00 | 7.12 | 6.61 | 6.59 | 6.68 | 6.54 | 7.40 | 6.45 |
| Retained Earnings | 0.48 | 0.43 | 0.89 | 0.92 | 0.88 | 0.83 | 0.77 | 0.76 | 0.73 | 0.72 | 0.65 | 0.53 | 0.45 | 0.34 | 0.24 | 0.25 | 0.24 |
| Total Stockholder Equity | 2.06 | 1.99 | 2.47 | 2.48 | 2.44 | 2.42 | 2.37 | 2.38 | 2.41 | 2.48 | 2.48 | 2.63 | 2.75 | 2.81 | 2.97 | 2.98 | 2.71 |
Income Statement
(in billions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 1.23 | 1.17 | 1.23 | 1.17 | 1.16 | 1.11 | 1.24 | 1.22 | 1.06 | 1.11 | 1.11 | 1.11 | 1.10 | 1.09 | 1.11 | 1.18 | 1.09 | 0.98 | 1.03 | 0.98 |
| Net Income | 0.08 | 0.02 | (0.43) | -0.00 | 0.07 | 0.06 | 0.05 | 0.08 | 0.04 | 0.05 | 0.04 | 0.04 | 0.09 | 0.09 | 0.09 | 0.11 | 0.14 | 0.06 | 0.06 | 0.01 |
| Diluted EPS | 2.12 | 0.64 | (12.00) | (0.07) | 1.77 | 1.46 | 1.29 | 2.12 | 0.98 | 1.22 | 0.96 | 1.09 | 2.17 | 2.06 | 2.04 | 2.53 | 2.97 | 1.23 | 1.43 | 0.23 |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | 80.00 | (4.00) | 6.00 | 62.00 | (48.00) | 8.00 | 100.00 | 72.00 | 30.00 | 3.00 | 83.00 | 122.00 | 77.00 | (50.00) | 142.00 | 162.00 | 89.00 | 129.00 | 40.00 | 155.00 |
| Capital Expenditures | 14.00 | 8.00 | 12.00 | 11.00 | 20.00 | 14.00 | 14.00 | 14.00 | 13.00 | 16.00 | 26.00 | 29.00 | 26.00 | 37.00 | 29.00 | 13.00 | 14.00 | 9.00 | 28.00 | 8.00 |
| Free Cash Flow* | 66.00 | (12.00) | (6.00) | 51.00 | (68.00) | (6.00) | 86.00 | 58.00 | 17.00 | (13.00) | 57.00 | 93.00 | 51.00 | (87.00) | 113.00 | 149.00 | 75.00 | 120.00 | 12.00 | 147.00 |
| Investing Cash Flow | (14.00) | 42.00 | (13.00) | (14.00) | (25.00) | (18.00) | (9.00) | (18.00) | (19.00) | (69.00) | (27.00) | (32.00) | (16.00) | (37.00) | (33.00) | 34.00 | 25.00 | (10.00) | (26.00) | (11.00) |
| Financing Cash Flow | (149.00) | (174.00) | 5.00 | 217.00 | 51.00 | (32.00) | (106.00) | 33.00 | (102.00) | 43.00 | 13.00 | (65.00) | (155.00) | (194.00) | 199.00 | (257.00) | (156.00) | (272.00) | (92.00) | (941.00) |
* Derived from reported values
Dividends Per Share
(USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Dividends Per Share | 0.80 | 0.80 | 0.80 | 0.79 | 0.79 | 0.79 | 0.79 | 0.76 | 0.76 | 0.76 | 0.76 | 0.72 | 0.72 | 0.72 | 0.72 | 0.62 | 0.62 | 0.62 | 0.54 | 0.54 |
