Vistance Networks, Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
VISN$4.13+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| Vistance Networks, Inc. | |||
|---|---|---|---|
| Consolidated Statements of Cash Flows (1) | |||
| (In millions) | |||
| Year Ended December 31, | |||
| 2025 | 2024 | 2023 | |
| Operating Activities: | |||
| Net income (loss) | $2,283.7 | $(315.5) | $(1,506.8) |
| Adjustments to reconcile net income (loss) to net cash generated by operating activities: | |||
| Depreciation and amortization | 277.0 | 370.5 | 561.2 |
| Equity-based compensation | 42.7 | 29.1 | 47.3 |
| Deferred income taxes | (1,350.4) | 65.0 | (180.5) |
| Asset impairments | — | 19.2 | 1,244.0 |
| (Gain) loss on disposal of discontinued operations | (869.0) | 27.9 | — |
| Changes in assets and liabilities: | |||
| Accounts receivable | (281.3) | (137.6) | 471.9 |
| Inventories | (92.0) | 152.5 | 391.3 |
| Prepaid expenses and other current assets | 9.2 | (55.9) | 45.1 |
| Accounts payable and other accrued liabilities | 325.7 | 143.5 | (720.2) |
| Other noncurrent assets | (49.0) | (20.6) | (27.4) |
| Other noncurrent liabilities | (37.8) | (18.1) | 75.5 |
| Other | 64.1 | 13.1 | (104.1) |
| Net cash generated by operating activities | 322.9 | 273.1 | 297.3 |
| Investing Activities: | |||
| Additions to property, plant and equipment | (70.3) | (25.3) | (60.7) |
| Proceeds from sale of property, plant and equipment | 10.0 | 0.2 | 71.2 |
| Net proceeds from divestitures | 2,041.9 | — | — |
| Acquisition of a business | — | (45.1) | — |
| Other | — | 13.0 | 20.4 |
| Net cash generated by (used in) investing activities | 1,981.6 | (57.2) | 30.9 |
| Financing Activities: | |||
| Long-term debt repaid | (2,049.0) | (4,338.6) | (32.0) |
| Long-term debt repurchases | — | — | (142.6) |
| Long-term debt proceeds | 50.0 | 4,350.0 | — |
| Cash paid for debt discount | — | (59.4) | — |
| Debt issuance costs | (5.7) | (33.1) | — |
| Dividends paid on Series A convertible preferred stock | (17.6) | — | — |
| Tax withholding payments for vested equity-based compensation awards | (31.3) | (1.9) | (9.1) |
| Other | — | — | 2.0 |
| Net cash used in financing activities | (2,053.6) | (83.0) | (181.7) |
| Effect of exchange rate changes on cash and cash equivalents | 8.6 | (13.4) | (0.8) |
| Change in cash and cash equivalents | 259.5 | 119.5 | 145.7 |
| Cash and cash equivalents at beginning of period | 663.3 | 543.8 | 398.1 |
| Cash and cash equivalents at end of period | $922.8 | $663.3 | $543.8 |
| (1) The cash flows related to discontinued operations have not been segregated. Accordingly, the Consolidated Statements of Cash Flows include the results of continuing and discontinued operations. | |||
| See notes to consolidated financial statements. | |||
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