NextDecade Corporation logo NEXT - NextDecade Corporation

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 4
HOLD 5
SELL 0
STRONG
SELL
0
| PRICE TARGET: $7.00 DETAILS
HIGH: $7.00
LOW: $7.00
MEDIAN: $7.00
CONSENSUS: $7.00
DOWNSIDE: 17.26%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1
Revenue
Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Cost of Revenue 3.0 3.0 3.0 3.0 3.1 0.6 3.2 3.2 3.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.3 0.0 0.0 0.3 0.4 0.5 0.5 0.4 0.4 0.8 0.5 0.5 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0 0 0 0 0 0 0 0
Gross Profit (3.0) (3.0) (3.0) (3.0) (3.1) (0.6) (3.2) (3.2) (3.1) (0.1) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.3) (0.3) (0.0) (0.0) (0.3) (0.4) (0.5) (0.5) (0.4) (0.4) (0.8) (0.5) (0.5) (0.3) (0.3) (0.3) (0.3) (0.3) (0.3) (0.3) (0.3) 0 0 0 0 0 0 0 0
Operating Expenses
R&D Expenses 2.1 3.6 2.9 1.2 0.3 1.0 2.4 2.4 2.5 2.9 1.1 0.4 0.5 0.2 1.1 1.2 1.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 49.9 39.2 66.1 52.0 44.9 42.7 43.6 33.9 32.5 29.2 34.7 27.1 26.6 20.2 14.9 11.6 3.3 6.0 3.2 6.8 1.4 3.6 5.1 4.7 6.8 12.1 3.6 (5.1) 12.0 9.6 6.2 3.3 16.0 16.2 14.0 2.2 2.2 0.2 0.1 0.1 0.2 0.1 0.1 0.1 0.0
Other Expenses 0 0 0 0 3.5 0 0 0 0 0 0 0 0 0 0 0 0 1.6 0 0 0 0 0 0 0 0 0 10.2 0 2.1 4.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses 52.1 42.8 69.0 53.3 48.8 43.7 46.0 36.3 35.0 32.1 35.8 27.5 27.1 20.4 16.0 12.8 4.9 7.6 3.2 6.8 1.4 3.6 5.1 4.7 6.8 12.1 3.6 5.1 12.0 11.8 10.6 3.3 16.0 16.2 14.0 2.2 2.2 0.2 0.1 0.1 0.2 0.1 0.1 0.1 0.0
Operating Income
Operating Income (55.1) (45.8) (72.0) (56.3) (51.9) (44.3) (49.2) (39.5) (38.1) (32.1) (35.8) (27.6) (27.1) (20.4) (16.1) (12.8) (5.1) (7.9) (3.2) (6.8) (1.6) (4.0) (5.6) (5.2) (7.2) (12.5) (4.4) (5.6) (12.5) (12.1) (11.0) (3.6) (16.3) (16.4) (14.3) (2.5) (2.4) (0.2) (0.1) (0.1) (0.2) (0.1) (0.1) (0.1) (0.0)
Interest Expense 79.2 75.3 38.6 28.8 27.2 20.1 15.9 26.0 25.5 17.7 32.5 0 0 0 2.8 0 6.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1 0 0 0 0 0 0 0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 0 1.0 0 0 0 0 0 0 0 0 0 0.0 0.0 0.0 0.0 0.2 0.5 0.3 0.4 0.5 0.5 0.2 0.1 0.1 0.1 0.1 0.2 0.0 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0
Profitability
EBITDA (143.9) 68.8 (143.2) (37.3) (233.2) 437.9 (375.5) 30.2 197.3 (235.6) 214.5 (120.0) (27.1) (20.2) (18.6) (12.6) (4.9) (7.7) (3.0) (6.6) (1.4) (3.7) (5.2) (4.8) (6.9) (12.2) (4.1) (5.3) (12.3) (12.1) (10.9) (3.6) (16.3) (16.4) (14.3) (2.5) (2.4) (0.2) (0.1) (0.1) (0.2) (0.1) (0.1) (0.1) (0.0)
EBIT (145.3) 65.8 (146.1) (41.8) (234.9) 436.2 (377.2) 28.3 195.9 (238.1) 214.4 (120.3) (27.3) (20.4) (18.8) (12.8) (5.1) (7.9) (3.2) (6.8) (1.6) (4.0) (5.6) (5.2) (7.2) (12.5) (4.4) (5.6) (12.5) (12.1) (11.0) (3.6) (16.3) (16.4) (14.3) (2.5) (2.4) (0.2) (0.1) (0.1) (0.2) (0.1) (0.1) (0.1) (0.0)
Income Before Tax (195.0) 71.0 (184.8) (70.6) (245.2) 481.4 (393.1) 2.3 186.8 (255.8) 181.8 (120.3) (27.3) (18.9) (18.8) (10.9) (11.4) (8.0) 1.2 (11.6) (3.7) (2.3) (7.2) (5.8) 0.9 (13.9) (3.2) (6.7) (12.0) (11.6) (10.7) (3.5) (16.2) (16.3) (14.2) (2.5) (2.4) (0.2) (0.1) (0.1) (0.2) (0.1) (0.1) (0.1) (0.0)
Income Tax Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.1) 0 0 (0.0) (0.0) 0 0 0 0 0 0 0 0
Net Income (136.4) (47.3) (109.5) (60.9) (88.8) 65.7 (123.2) (32.6) 28.3 (129.3) 114.6 (120.3) (27.3) (18.9) (18.8) (10.9) (11.4) (8.0) 1.2 (11.6) (3.7) (2.3) (7.2) (5.8) 0.9 (13.9) (3.2) (6.7) (12.0) (11.6) (10.7) (3.5) (16.2) (16.3) (14.2) (2.5) (2.4) (0.2) (0.1) (0.1) (0.2) (0.1) (0.1) (0.1) (0.0)
Per Share Data
EPS (Basic) -0.51 -0.18 -0.42 -0.23 -0.34 0.25 -0.47 -0.13 0.11 -0.51 0.48 -0.84 -0.23 -0.12 -0.19 -0.13 -0.14 -0.07 -0.03 -0.13 -0.06 -0.02 -0.09 -0.08 -0.02 -0.13 -0.03 -0.06 -0.16 -0.11 -0.10 -0.03 -0.15 -0.16 -0.14 -0.03 -0.02 -0.04 -0.01 -0.01 -0.03 -0.02 -0.02 -0.02 -0.00
EPS (Diluted) -0.51 -0.18 -0.42 -0.23 -0.34 0.25 -0.47 -0.13 0.11 -0.51 0.48 -0.84 -0.23 -0.12 -0.19 -0.13 -0.14 -0.07 -0.03 -0.13 -0.06 -0.02 -0.09 -0.08 -0.02 -0.13 -0.03 -0.06 -0.16 -0.11 -0.10 -0.03 -0.15 -0.16 -0.14 -0.00 -0.02 -0.04 -0.01 -0.01 -0.03 -0.02 -0.02 -0.02 -0.00
Shares Outstanding 264.9 262.2 262.6 260.9 260.4 260.2 259.4 257.8 256.7 254.3 222.5 150.9 146.9 130.1 129.4 126.3 121.3 120.5 119.4 118.4 118.3 117.5 117.6 117.4 117.4 109.1 107.2 107.1 106.9 106.6 106.6 106.4 106.4 100.9 103.9 97.7 4.5 4.5 4.5 4.5 4.5 4.1 4.5 4.5 2.7
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1
Current Assets
Cash & Cash Equivalents 465.1 143.8 209.4 158.5 130.9 148.1 38.2 38.1 45.8 38.2 50.8 40.0 51.1 62.8 109.2 40.5 22.4 25.6 36.7 40.6 39.3 22.6 29.9 37.6 58.3 15.7 3.8 4.5 5.6 3.2 33.9 18.8 24.7 35.7 44.7 0.1 0.2 0.0 0.0 0.1 0.2
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 62.2 40.4 52.6 56.1 72.5 60.1 5.1 5.1 5.1 5.1 0 0 0 0 0 0
Net Receivables 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 22.5 574.3 555.4 318.3 273.8 264.4 233.1 183.8 235.0 274.2 416.2 12.3 0.5 0.1 0.5 0.5 0.4 0.3 0.2 0.3 0.2 0.3 0.3 0.3 0.5 0.4 0.6 0.9 0.8 0.8 1.4 1.9 1.8 1.8 0.8 0 0 0 0 0 0
Total Current Assets 487.5 718.0 764.8 476.8 404.8 412.6 271.4 224.1 283.9 314.5 469.2 53.3 52.7 63.9 110.5 41.5 23.4 26.4 37.6 41.4 40.1 23.3 30.7 38.5 59.4 78.8 45.5 58.9 63.4 76.9 95.8 26.1 32.1 42.9 50.8 0.1 0.3 0.0 0.1 0.1 0.2
Non-Current Assets
Property, Plant & Equipment 11,799.1 10,730.8 8,633.6 6,753.2 5,867.7 5,186.1 4,496.5 3,902.0 3,327.7 2,616.1 1,885.9 267.4 245.1 220.1 183.9 178.7 175.6 174.4 171.2 169.0 164.5 162.1 159.0 151.1 146.7 135.6 121.3 105.8 97.4 92.1 88.9 86.1 79.4 73.2 67.6 62.9 59.4 56.2 0 0 0
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.4 0.7 1.1 1.5 1.8 2.2 0 2.9 3.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 501.2 532.2 0 324.9 303.2 472.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 443.9 444.7 610.4 309.9 318.0 333.3 356.0 631.1 564.2 393.2 543.3 32.1 30.1 28.4 26.3 24.6 22.7 21.0 19.2 17.6 16.0 14.5 12.9 13.9 9.8 3.6 3.1 0 0 0 0 0 0 0 0.3 51.1 53.5 61.3 117.5 117.4 117.5
Total Non-Current Assets 12,744.2 11,707.8 9,244 7,388.0 6,488.9 5,991.5 4,852.6 4,533.1 3,892.0 3,009.3 2,429.2 299.4 275.2 248.5 210.2 203.2 198.3 195.7 191.1 187.7 182.0 178.4 174.1 165.0 159.4 142.4 124.3 105.8 97.4 92.1 88.9 86.1 79.4 73.2 68.0 113.9 112.9 117.5 117.5 117.4 117.5
Total Assets 13,231.7 12,425.8 10,008.8 7,864.9 6,893.7 6,404.1 5,124.0 4,757.2 4,175.9 3,323.8 2,898.4 352.8 327.9 312.4 320.7 244.7 221.7 222.1 228.7 229.1 222.1 201.7 204.9 203.4 218.8 221.2 169.8 164.7 160.8 169.0 184.7 112.2 111.4 116.1 118.8 114.0 113.1 117.6 117.6 117.6 117.7
Current Liabilities
Account Payables 0 443.9 428.9 311.7 256.8 244.6 224.4 131.8 175.4 243.1 326.8 12.8 1.9 1.1 4.9 1.5 0.5 0.3 0.7 0.2 0.2 0.2 0.6 0.5 3.9 11.9 1.4 1.9 1.5 0.7 1.0 0.6 0.2 0.7 1.8 0.5 0.4 0.1 0.0 0.0 0.1
Short-Term Debt 1.3 3.9 0 3.0 2.8 0 2.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.5 1.8 1.3 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 1,205.6 888.2 13.6 5.2 0.9 13.4 328.1 312.0 275.7 275.7 199.9 19.7 6.1 12.0 3.9 1.2 4.1 2.3 2.3 10.1 4.9 3.9 5.0 0.5 7.9 2.5 13.9 1.3 1.3 2.0 10.8 6.9 4.5 3.3 1.8 0 0 (2.0) 0 0 0
Total Current Liabilities 1,214.4 1,336.0 1,194.0 683.9 475.7 595.1 558.3 499.6 505.6 552.4 550.7 45.3 34.9 25.4 17.0 7.9 7.2 8.2 8.1 14.3 7.3 5.1 7.4 2.6 13.2 21.5 23.0 8.6 7.4 12.1 21.9 18.1 7.7 8.4 6.9 0.5 0.4 0.1 0.0 0.0 0.1
Non-Current Liabilities
Long-Term Debt 9,355.3 8,510.9 6,609.4 5,170.5 4,549.2 3,920.4 3,315.2 2,833.8 2,393.7 1,816.3 1,381.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.5 0.6 0.1 0 0 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 184.4 135.5 85.8 1.7 1.5 0 60.2 0 0 68.7 2.0 111.0 235.8 29.8 31.2 28.5 30.6 25.6 25.5 26.1 25.5 23.8 22.9 19.3 18.7 12.0 10.3 11.2 7.6 7.4 7.5 0 4.4 4.6 3.3 4.3 4.3 4.3 4.3 4.3 4.3
Total Non-Current Liabilities 9,657.2 8,788.7 6,838.5 5,315.4 4,694.5 4,064.6 3,520.0 2,978.8 2,539.2 2,031.0 1,530.1 111.3 236.2 30.3 31.4 28.8 30.6 25.6 25.6 26.4 25.5 23.8 22.9 19.4 18.7 12.0 10.4 11.5 8.0 7.4 7.5 0.6 4.4 4.6 3.3 5.9 5.0 4.4 4.3 4.3 4.3
Total Liabilities 10,871.6 10,124.7 8,032.5 5,999.3 5,170.1 4,659.7 4,078.2 3,478.4 3,044.8 2,583.4 2,080.8 156.6 271.1 55.6 48.4 36.7 37.9 33.8 33.8 40.7 32.8 28.9 30.3 22.1 31.9 33.6 33.4 20.1 15.4 19.5 29.5 18.1 12.1 13.0 10.2 6.3 5.3 4.5 4.4 4.3 4.4
Stockholders' Equity
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 102.7 102.8 108.0 108.0 108.0 108.1
Retained Earnings (896.4) (760.0) (712.7) (603.2) (542.3) (453.5) (519.2) (396.0) (363.4) (391.8) (262.5) (377.8) (257.5) (230.1) (211.2) (192.4) (181.5) (170.1) (162.0) (163.3) (151.7) (148.0) (145.8) (138.6) (132.8) (133.7) (119.8) (116.6) (109.9) (97.6) (86.0) (75.3) (71.9) (55.6) (39.3) (1.0) (0.9) (0.7) (0.5) (0.5) (0.4)
Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (66.2) (65.0) 0 0 (0.0) (0.0) (0.0) (0.0) (0.0) 0 0 0
Total Stockholders' Equity (30.7) 95.3 154.5 260.5 302.5 377.6 669.8 633.0 520.1 287.9 477.0 196.2 56.8 256.8 272.3 208.0 183.8 188.3 194.9 188.4 189.2 172.7 174.6 181.4 186.8 187.6 136.5 144.6 145.4 149.5 155.2 94.1 99.3 103.1 108.5 107.7 107.8 113.0 113.2 113.2 113.3
Total Liabilities & Equity 13,231.7 12,425.8 10,008.8 7,864.9 6,893.7 6,404.1 5,124.0 4,757.2 4,175.9 3,323.8 2,898.4 352.8 327.9 312.4 320.7 244.7 221.7 222.1 228.7 229.1 222.1 201.7 204.9 203.4 218.8 221.2 169.8 164.7 160.8 169.0 184.7 112.2 111.4 116.1 118.8 114.0 113.1 117.6 117.6 117.6 117.7
Debt Metrics
Total Debt 9,474.2 8,657.1 6,756.0 5,316.8 4,695.8 4,067.5 3,462.6 2,981.7 2,542.2 1,965.4 1,531.5 1.0 1.3 1.6 1.1 1.3 0.4 0.6 0.7 0.8 0.3 0.4 0.6 0.8 0.4 0.7 1.5 2.1 1.7 0 0 0 0 0 0 1.5 0.6 0.1 0 0 0
Net Debt 9,009.1 8,513.3 6,546.6 5,158.2 4,564.9 3,919.3 3,424.4 2,943.5 2,496.4 1,927.2 1,480.7 (39.0) (49.9) (61.2) (108.1) (39.2) (21.9) (25.0) (36.0) (39.8) (39.0) (22.2) (29.3) (36.8) (57.8) (15.0) (2.3) (2.5) (3.9) (3.2) (33.9) (18.8) (24.7) (35.7) (44.7) 1.5 0.4 0.0 (0.0) (0.1) (0.2)
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1
Operating Activities
Net Income (136.4) 71.0 (109.5) (70.6) (245.2) 65.7 (393.1) (32.6) 28.3 (129.3) 181.8 (120.3) (27.3) (18.9) (18.8) (10.9) (11.4) (8.0) 1.2 (11.6) (3.7) (2.3) (7.2) (5.8) 0.9 (13.9) (3.2) (6.7) (12.0) (11.6) (10.7) (3.5) (16.2) (16.3) (18.7) (0.1) (0.2) (0.2) (0.1) (0.1) (0.2)
Depreciation & Amortization 4.1 5.5 5.6 4.5 1.7 18.0 1.7 1.9 1.4 2.5 0.1 0.3 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.3 0.4 0.4 0.3 0.4 0.4 0.4 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Stock-Based Compensation 0 12.3 0 7.2 6.6 6.1 5.0 4.4 4.4 4.5 9.7 10.8 1.6 3.9 3.0 2.9 (2.4) 1.3 (2.7) 0.9 (3.7) 0.4 0.8 0.3 (1.9) 2.9 (4.7) (13.2) 5.3 4.1 1.5 (1.0) 12.2 12.2 0.0 0 0 0 0 0 0
Change in Working Capital (44.4) 37.8 (13.4) 37.2 (24.8) 33.1 (24.6) 10.1 7.1 (21.1) 16.8 (1.7) 1.9 3.7 2.3 2.4 (3.2) 0.3 0.8 1.5 1.0 (0.5) 0.0 (0.5) (5.9) 1.3 0.4 0.7 (1.3) (3.2) 5.6 1.1 (1.9) (0.8) 0.1 0.1 0.2 0.1 0.0 (0.0) 0.0
Other Non-Cash Items 65.8 (147.3) 41.3 17.8 192.9 (131.7) 347.2 22.2 (70.1) 131.9 (219.8) 92.9 0.4 (1.1) 2.8 (1.9) 6.7 0.5 (4.1) 5.1 2.4 0.3 0.4 0.5 (7.7) 1.9 (0.9) 1.5 0.0 1.7 (0.1) 0.0 0.0 (10.9) 10.9 (0.2) (0.1) (0.1) (0.1) (0.1) (0.0)
Operating Cash Flow (110.8) (20.7) (76.0) (3.9) (68.8) (8.9) (63.8) 6.0 (28.8) (21.0) (11.4) (18.0) (23.2) (12.1) (10.5) (7.3) (10.2) (5.7) (4.6) (3.9) (3.8) (3.5) (4.0) (4.5) (14.2) (7.4) (8.0) (17.2) (8.0) (10.6) (3.6) (3.3) (5.8) (4.8) (7.7) (0.2) (0.1) (0.1) (0.1) (0.1) (0.2)
Investing Activities
Capital Expenditure (1,176.7) (2,271.6) (1,357.7) (731.6) (770.0) (694.6) (505.3) (577.9) (796.4) (742.4) (943.5) (31.4) (21.5) (28.1) (3.1) (1.3) (1.3) (3.7) (2.9) (3.1) (2.4) (2.3) (1.9) (14.3) (13.8) (1.7) (4.5) (8.2) (5.9) (7.2) (3.7) (2.6) (5.2) (4.1) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5.9 (17.1) 0 0 0 4.2 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.2) (50.4) (0.3) (15.4) (0.4) (29.5) 0 0 0 (0.0) 1.2 (0.9) (0.3) 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 62.0 28.5 12.5 19 17 17.1 0 0 0 (5.1) 0 0.0 5.1 0.0 0 0 0
Other Investing Activities 0 298.8 0 (20.3) (9.4) 0 0 0 15.7 0 (10.5) (1.6) (1.9) (1.8) (1.7) (1.9) (1.7) (1.8) (1.6) (1.6) (1.5) (1.5) (1.5) (1.8) (6.1) (6.9) 0.0 0.0 (5.9) 17.1 (55.0) (0.0) (0.0) 0.9 11.0 (0.9) 4.8 0.0 (0.0) 0.1 0
Investing Cash Flow (1,176.7) (1,972.8) (1,348.8) (751.9) (779.4) (694.6) (505.3) (577.9) (780.6) (742.4) (954.0) (33.1) (23.4) (29.9) (4.8) (3.2) (3.0) (5.5) (4.5) (4.7) (3.9) (3.8) (3.5) (16.1) 41.9 (30.5) 7.7 (4.6) 10.7 (19.6) (58.8) (2.6) (5.2) (4.2) 12.1 (0.9) 4.8 0.0 (0.0) 0.1 (0.0)
Financing Activities
Net Debt Issuance 796.8 1,999.7 1,397.7 643 645 668.1 498.3 425.7 592.9 441 1,409 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.9 0.6 0 0 0 0
Stock Repurchased (0.0) (1.4) (15.5) (0.0) (0.0) (0.1) 0 (0.1) (0.1) (0.0) 0 (0.0) (0.0) (0.5) (1.1) (1.3) 0 0 0 0 0 (0.0) (0.2) (0.1) 0 0 (0.0) (0.2) (0.3) (0.0) (0.0) 0 0 5.1 0 0 (5.1) 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 (4.3) 0 (0.0) (0.0) (0.0) (0.0) 0.0 (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities 248.7 (42.5) 298 (14.0) (18.4) 162.5 466.9 (40.8) (16.8) 171.0 (217.1) 0 (0.0) (4.0) 0 0 (0.5) (0.2) (0.2) (0.1) (24.6) (15.0) 0 0 14.9 (0.2) (0.1) 0 0 0 0 0 0 (5.1) 27.7 0 (5.1) 0.1 0 0 0
Financing Cash Flow 1,045.5 1,955.8 1,712.4 826.7 841.6 830.5 631.9 523.6 766.4 612.0 1,371.2 40.0 34.9 (4.4) 84.0 28.6 10.0 (0.0) 5.2 9.9 24.4 (0.0) (0.2) (0.1) 14.9 49.8 (0.0) 0.0 (0.0) (0.0) 0.1 0 0 0 0.0 0.0 0.0 0.1 0 0 0
Cash Position
Net Change in Cash (242.0) (37.6) 287.6 70.9 (6.6) 127.0 62.7 (48.3) (43.1) (151.4) 405.8 (11.1) (11.6) (46.4) 68.7 18.1 (3.2) (11.2) (3.9) 1.3 16.7 (7.3) (7.6) (20.7) 42.5 11.9 (0.7) (1.0) 2.4 (30.7) 15.0 (5.9) (11.0) (9.0) 44.7 (0.1) 0.2 (0.0) (0.1) (0.0) (0.2)
Cash at Beginning 707.1 744.7 457.0 386.1 392.8 265.8 203.1 251.4 294.5 445.9 40.0 51.1 62.8 109.2 40.5 22.4 25.6 36.7 40.6 39.3 22.6 29.9 37.6 58.3 15.7 3.8 4.5 5.6 3.2 33.9 18.8 24.7 35.7 44.7 0.1 0.2 0.0 0.0 0.1 0.2 0.3
Cash at End 465.1 707.1 744.7 457.0 386.1 392.8 265.8 203.1 251.4 294.5 445.9 40.0 51.1 62.8 109.2 40.5 22.4 25.6 36.7 40.6 39.3 22.6 29.9 37.6 58.3 15.7 3.8 4.5 5.6 3.2 33.9 18.8 24.7 35.7 44.7 0.1 0.2 0.0 0.0 0.1 0.2
Free Cash Flow (1,287.5) (2,292.2) (1,433.8) (735.5) (838.8) (703.5) (569.2) (571.9) (825.2) (763.4) (954.9) (49.4) (44.7) (40.2) (13.6) (8.6) (11.5) (9.4) (7.5) (7.0) (6.2) (5.8) (5.9) (18.9) (28.1) (9.1) (12.6) (25.4) (13.9) (17.8) (7.3) (5.8) (11.0) (9.0) (7.7) (0.2) (0.1) (0.1) (0.1) (0.1) (0.2)
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1
Income Statement
Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Gross Profit (3.0) (3.0) (3.0) (3.0) (3.1) (0.6) (3.2) (3.2) (3.1) (0.1) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.3) (0.3) (0.0) (0.0) (0.3) (0.4) (0.5) (0.5) (0.4) (0.4) (0.8) (0.5) (0.5) (0.3) (0.3) (0.3) (0.3) (0.3) (0.3) (0.3) (0.3) 0 0 0 0 0 0 0 0
Operating Income (55.1) (45.8) (72.0) (56.3) (51.9) (44.3) (49.2) (39.5) (38.1) (32.1) (35.8) (27.6) (27.1) (20.4) (16.1) (12.8) (5.1) (7.9) (3.2) (6.8) (1.6) (4.0) (5.6) (5.2) (7.2) (12.5) (4.4) (5.6) (12.5) (12.1) (11.0) (3.6) (16.3) (16.4) (14.3) (2.5) (2.4) (0.2) (0.1) (0.1) (0.2) (0.1) (0.1) (0.1) (0.0)
Net Income (136.4) (47.3) (109.5) (60.9) (88.8) 65.7 (123.2) (32.6) 28.3 (129.3) 114.6 (120.3) (27.3) (18.9) (18.8) (10.9) (11.4) (8.0) 1.2 (11.6) (3.7) (2.3) (7.2) (5.8) 0.9 (13.9) (3.2) (6.7) (12.0) (11.6) (10.7) (3.5) (16.2) (16.3) (14.2) (2.5) (2.4) (0.2) (0.1) (0.1) (0.2) (0.1) (0.1) (0.1) (0.0)
EPS (Diluted) -0.51 -0.18 -0.42 -0.23 -0.34 0.25 -0.47 -0.13 0.11 -0.51 0.48 -0.84 -0.23 -0.12 -0.19 -0.13 -0.14 -0.07 -0.03 -0.13 -0.06 -0.02 -0.09 -0.08 -0.02 -0.13 -0.03 -0.06 -0.16 -0.11 -0.10 -0.03 -0.15 -0.16 -0.14 -0.00 -0.02 -0.04 -0.01 -0.01 -0.03 -0.02 -0.02 -0.02 -0.00
Balance Sheet
Cash & Equivalents 465.1 143.8 209.4 158.5 130.9 148.1 38.2 38.1 45.8 38.2 50.8 40.0 51.1 62.8 109.2 40.5 22.4 25.6 36.7 40.6 39.3 22.6 29.9 37.6 58.3 15.7 3.8 4.5 5.6 3.2 33.9 18.8 24.7 35.7 44.7 0.1 0.2 0.0 0.0 0.1 0.2
Total Assets 13,231.7 12,425.8 10,008.8 7,864.9 6,893.7 6,404.1 5,124.0 4,757.2 4,175.9 3,323.8 2,898.4 352.8 327.9 312.4 320.7 244.7 221.7 222.1 228.7 229.1 222.1 201.7 204.9 203.4 218.8 221.2 169.8 164.7 160.8 169.0 184.7 112.2 111.4 116.1 118.8 114.0 113.1 117.6 117.6 117.6 117.7
Total Debt 9,474.2 8,657.1 6,756.0 5,316.8 4,695.8 4,067.5 3,462.6 2,981.7 2,542.2 1,965.4 1,531.5 1.0 1.3 1.6 1.1 1.3 0.4 0.6 0.7 0.8 0.3 0.4 0.6 0.8 0.4 0.7 1.5 2.1 1.7 0 0 0 0 0 0 1.5 0.6 0.1 0 0 0
Stockholders' Equity (30.7) 95.3 154.5 260.5 302.5 377.6 669.8 633.0 520.1 287.9 477.0 196.2 56.8 256.8 272.3 208.0 183.8 188.3 194.9 188.4 189.2 172.7 174.6 181.4 186.8 187.6 136.5 144.6 145.4 149.5 155.2 94.1 99.3 103.1 108.5 107.7 107.8 113.0 113.2 113.2 113.3
Cash Flow
Operating Cash Flow (110.8) (20.7) (76.0) (3.9) (68.8) (8.9) (63.8) 6.0 (28.8) (21.0) (11.4) (18.0) (23.2) (12.1) (10.5) (7.3) (10.2) (5.7) (4.6) (3.9) (3.8) (3.5) (4.0) (4.5) (14.2) (7.4) (8.0) (17.2) (8.0) (10.6) (3.6) (3.3) (5.8) (4.8) (7.7) (0.2) (0.1) (0.1) (0.1) (0.1) (0.2)
Capital Expenditure (1,176.7) (2,271.6) (1,357.7) (731.6) (770.0) (694.6) (505.3) (577.9) (796.4) (742.4) (943.5) (31.4) (21.5) (28.1) (3.1) (1.3) (1.3) (3.7) (2.9) (3.1) (2.4) (2.3) (1.9) (14.3) (13.8) (1.7) (4.5) (8.2) (5.9) (7.2) (3.7) (2.6) (5.2) (4.1) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0)
Free Cash Flow (1,287.5) (2,292.2) (1,433.8) (735.5) (838.8) (703.5) (569.2) (571.9) (825.2) (763.4) (954.9) (49.4) (44.7) (40.2) (13.6) (8.6) (11.5) (9.4) (7.5) (7.0) (6.2) (5.8) (5.9) (18.9) (28.1) (9.1) (12.6) (25.4) (13.9) (17.8) (7.3) (5.8) (11.0) (9.0) (7.7) (0.2) (0.1) (0.1) (0.1) (0.1) (0.2)