Vistance Networks, Inc.
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 5, 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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Condensed Consolidated Statements of Cash Flows
| Vistance Networks, Inc. | ||
|---|---|---|
| Condensed Consolidated Statements of Cash Flows (1) | ||
| (Unaudited -- In millions) | ||
| Nine Months Ended | ||
| September 30, | ||
| 2026 | 2025 | |
| Operating Activities: | ||
| Net income | $6,833.7 | $924.2 |
| Adjustments to reconcile net income to net cash used in operating activities: | ||
| Depreciation and amortization | 84.7 | 227.9 |
| Equity-based compensation | 23.7 | 27.3 |
| Deferred income taxes | 1,390.8 | 32.7 |
| Gain on disposal of discontinued operations | (8,265.7) | (869.0) |
| Noncash write-off of unamortized debt issuance costs and original issue discount | 101.8 | — |
| Changes in assets and liabilities: | ||
| Accounts receivable | (45.0) | (347.3) |
| Inventories | (159.9) | (67.5) |
| Prepaid expenses and other assets | (42.8) | (148.9) |
| Accounts payable and other liabilities | (292.1) | 208.2 |
| Other | 13.9 | 54.0 |
| Net cash generated by (used in) operating activities | (356.9) | 41.6 |
| Investing Activities: | ||
| Additions to property, plant and equipment | (4.4) | (44.5) |
| Proceeds from sale of property, plant and equipment | — | 10.0 |
| Net proceeds from divestitures | 12,409.8 | 2,041.9 |
| Other | 1.9 | — |
| Net cash generated by investing activities | 12,407.3 | 2,007.4 |
| Financing Activities: | ||
| Long-term debt repaid | (7,370.8) | (2,049.0) |
| Long-term debt proceeds | — | 50.0 |
| Debt issuance costs | (3.3) | (5.7) |
| Redemption of Series A convertible preferred stock | (1,278.7) | — |
| Special distributions paid to common stockholders | (3,435.2) | — |
| Dividends paid on Series A convertible preferred stock | (1.7) | — |
| Proceeds from the issuance of common shares under equity-based compensation plans | 1.9 | — |
| Tax withholding payments for vested equity-based compensation awards | (47.7) | (11.2) |
| Repurchases of common stock | (157.0) | — |
| Net cash used in financing activities | (12,292.5) | (2,015.9) |
| Effect of exchange rate changes on cash and cash equivalents | 2.4 | 8.9 |
| Change in cash and cash equivalents | (239.7) | 42.0 |
| Cash and cash equivalents at beginning of period | 922.8 | 663.3 |
| Cash and cash equivalents at end of period | $683.1 | $705.3 |
| (1) The cash flows related to discontinued operations have not been segregated. Accordingly, the Condensed Consolidated Statements of Cash Flows include the results of continuing and discontinued operations. | ||
| See notes to unaudited condensed consolidated financial statements. | ||
| Vistance Networks, Inc. | ||||
|---|---|---|---|---|
| Condensed Consolidated Statements of Stockholders' Equity (Deficit) | ||||
| (Unaudited – In millions, except share amounts) | ||||
| Three Months Ended · Nine Months Ended | ||||
| September 30, | September 30, | |||
| 2026 | 2025 | 2026 | 2025 | |
| Number of common shares outstanding: | ||||
| Balance at beginning of period | 230,046,379 | 221,451,007 | 223,260,316 | 215,887,001 |
| Issuance of shares under equity-based compensation plans | 997,732 | 111,300 | 10,732,686 | 7,533,570 |
| Shares surrendered under equity-based compensation plans | (360,664) | (35,181) | (3,309,555) | (1,893,445) |
| Repurchases of common stock | (17,703,769) | — | (17,703,769) | — |
| Balance at end of period | 212,979,678 | 221,527,126 | 212,979,678 | 221,527,126 |
| Common stock: | ||||
| Balance at beginning of period | $2.5 | $2.4 | $2.4 | $2.3 |
| Issuance of shares under equity-based compensation plans | — | — | 0.1 | 0.1 |
| Balance at end of period | $2.5 | $2.4 | $2.5 | $2.4 |
| Additional paid-in capital: | ||||
| Balance at beginning of period | $2,503.9 | $2,496.7 | $2,487.9 | $2,514.2 |
| Issuance of shares under equity-based compensation plans | 0.1 | — | 1.7 | — |
| Equity-based compensation | 7.6 | 10.8 | 23.7 | 27.3 |
| Dividends on Series A convertible preferred stock | — | (17.3) | (1.7) | (51.3) |
| Balance at end of period | $2,511.6 | $2,490.2 | $2,511.6 | $2,490.2 |
| Retained earnings (accumulated deficit): | ||||
| Balance at beginning of period | $376.7 | $(4,508.7) | $(3,040.8) | $(5,324.5) |
| Excise tax on Series A convertible preferred stock redemption | 0.1 | — | (11.8) | — |
| Special distributions to common stockholders | (1,148.1) | — | (3,521.8) | — |
| Net income | 1,030.6 | 108.4 | 6,833.7 | 924.2 |
| Balance at end of period | $259.3 | $(4,400.3) | $259.3 | $(4,400.3) |
| Accumulated other comprehensive income (loss): | ||||
| Balance at beginning of period | $0.8 | $(116.5) | $(118.7) | $(344.5) |
| Other comprehensive income (loss), net of tax | 0.6 | (5.7) | 120.1 | 222.3 |
| Balance at end of period | $1.4 | $(122.2) | $1.4 | $(122.2) |
| Treasury stock, at cost: | ||||
| Balance at beginning of period | $(378.1) | $(314.5) | $(334.9) | $(303.6) |
| Net shares surrendered under equity-based compensation plans | (4.5) | (0.3) | (47.7) | (11.2) |
| Repurchases of common stock | (157.0) | — | (157.0) | — |
| Excise tax on common stock repurchases | (1.6) | — | (1.6) | — |
| Balance at end of period | $(541.2) | $(314.8) | $(541.2) | $(314.8) |
| Total stockholders' equity (deficit) | $2,233.6 | $(2,344.7) | $2,233.6 | $(2,344.7) |
| See notes to unaudited condensed consolidated financial statements. | ||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.