For the quarter ending 2026-03-31, VG had -$374M decrease in cash & cash equivalents over the period. -$2,418M in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 625 | 1,191 | 550 | 475 |
| (gain) loss on derivatives, net | 57 | 197 | -120 | -419 |
| Cash from settlement of derivatives, net | 12 | 258 | 627 | 321 |
| Loss on financing transactions | -13 | -61 | -141 | -63 |
| Deferred taxes | 97 | 288 | 86 | 115 |
| Non-cash interest expense | 32 | 32 | 20 | 40 |
| Depreciation and amortization | 251 | 240 | 218 | 267 |
| Stock-based compensation | 12 | 12 | 11 | 11 |
| Accounts receivable | -108 | 285 | -41 | 41 |
| Inventory | -17 | 5 | 41 | -3 |
| Prepaid expenses and other current assets | 15 | 1 | -23 | 4 |
| Accounts payable and accrued liabilities | -340 | 528 | 65 | 31 |
| Other, net | -8 | 11 | -22 | 12 |
| Net cash from operating activities | 763 | 2,111 | 1,883 | 1,458 |
| Capital expenditures | 3,181 | 3,625 | 3,294 | 2,980 |
| Purchase of equity method investments | - | 19 | - | - |
| Other investing activities | -183 | -1 | -121 | -46 |
| Net cash used by investing activities | -2,998 | -3,643 | -3,173 | -2,934 |
| Issuance of debt and draws on credit facilities | 2,720 | 9,829 | 4,000 | 2,500 |
| Issuance of class a common stock | - | - | - | 0 |
| Proceeds from project credit facilities | - | - | 3,622 | 1,268 |
| Ipo issuance of class a common stock | 0 | 0 | 1,750 | - |
| Issuance of vglng series a preferred shares | - | 0 | 0 | - |
| Repayment of debt | 388 | 3,374 | 4,882 | 2,769 |
| Purchase of non-controlling interests | - | 0 | - | - |
| Financing and issuance costs | 317 | 106 | 666 | 157 |
| Payments of dividends and subsidiary distributions | 180 | 42 | 176 | 57 |
| Financed capital expenditures | - | 76 | - | - |
| Other financing activities | 26 | 74 | 12 | -38 |
| Net cash from financing activities | 1,861 | 1,415 | 1,910 | 364 |
| Net decrease in cash, cash equivalents and restricted cash | -374 | -117 | 620 | -1,112 |
| Cash, cash equivalents and restricted cash at beginning of period | 3,425 | 3,542 | 2,922 | 4,034 |
| Cash, cash equivalents and restricted cash at end of period | 3,051 | 3,425 | 3,542 | 2,922 |
Venture Global, Inc. (VG)
Venture Global, Inc. (VG)