Versant Media Group, Inc.
For the period ended Sep 30, 2026. Filed Nov 3, 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 3, 2026
VSNT$34.93-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated and Combined Statements of Cash Flows
CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS (UNAUDITED)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| (in millions) | ||
| Operating Activities | ||
| Net income | $544 | $749 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 757 | 744 |
| Share-based compensation | 49 | 21 |
| Noncash interest expense | 8 | — |
| Net loss on investment activity and other | 3 | 41 |
| Deferred income taxes | (108) | (94) |
| Changes in operating assets and liabilities: | ||
| Current and noncurrent receivables, net | (392) | 48 |
| Content costs, net | 84 | 63 |
| Accounts payable | 52 | (7) |
| Other operating assets and liabilities | 316 | (20) |
| Net cash provided by operating activities | 1,313 | 1,546 |
| Investing Activities | ||
| Capital expenditures | (103) | (121) |
| Acquisitions of businesses | (696) | — |
| Purchase of investments | (110) | — |
| Proceeds from sale of business | 140 | — |
| Return of capital from investments | 60 | — |
| Other | — | 35 |
| Net cash used in investing activities | (709) | (86) |
| Financing Activities | ||
| Proceeds from borrowings | 1,973 | — |
| Repayment of long-term debt | (30) | — |
| Repurchases of common stock under repurchase program and employee plans | (300) | — |
| Dividends paid | (106) | — |
| Net transfers to Comcast | (2,250) | (1,401) |
| Settlement payment from NBCUniversal | 70 | — |
| Other | (2) | (12) |
| Net cash used in financing activities | (645) | (1,413) |
| Increase (decrease) in cash, cash equivalents and restricted cash | (41) | 48 |
| Cash and cash equivalents and restricted cash, beginning of year | 1,092 | 8 |
| Cash and cash equivalents, end of period | $1,051 | $56 |
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