Vistance Networks, Inc.

Listed Company

VISNCIK 0001517228NasdaqLarge AcceleratedRadio & Tv Broadcasting & Communications EquipmentDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.93B

Net Income

$2.28B

Total Assets

$9.37B

Equity

$-1.00B

Shares Out

225.57M

Op. Cash Flow

$322.90M

Business

CommScope Holding Company, Inc. is a global provider of infrastructure solutions for communication, data center and entertainment networks supporting wired and wireless connectivity. It offers fiber optic and copper connectivity and cable solutions, wireless network equipment (Wi‑Fi, LTE, indoor cellular), cable modem termination systems, video distribution and cloud solutions, plus technical support, systems design and integration services. The company operates through three segments: Connectivity and Cable Solutions (CCS), Networking, Intelligent Cellular & Security Solutions (NICS), and Access Network Solutions (ANS). It serves service providers, data center operators, cable/MSO customers and enterprise customers in over 100 countries through a direct sales force and global channel partners.

Summary from filing dated 2025-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	1,932	1,383	1,864	5,789	6,737
Cost of sales	976	778	964	3,803	4,298
Gross profit	956	605	900	1,986	2,440
Transition service agreement income	36	25	0	0	—
Selling, general and administrative	497	472	512	908	1,083
Research and development	284	248	319	452	565
Amortization of purchased intangible assets	138	165	227	400	510
Restructuring costs, net	20	37	29	42	85
Asset impairments	0	0	472	1,120	0
Other	5	0	0	—	—
Total operating expenses	944	921	1,560	2,921	2,243
Operating income (loss)	48	−292	−660	−935	197
Other income (expense), net	−9	8	76	0	−27
Interest income	17	11	11	3	2
Income (loss) from continuing operations before income taxes	55	−273	−573	−1,521	−389
Income tax (expense) benefit	269	67	−80	91	39
Income (loss) from continuing operations	324	−206	−653	−1,430	−350
Income (loss) from discontinued operations, net of income tax (expense) benefit of $865.1, $(213.6) and $99.6, respectively	1,959	−110	−854	143	−113
Net income (loss)	2,284	−316	−1,507	−1,287	−463
Series A convertible preferred stock dividends	−69	−65	−62	−59	−57
Net income (loss) attributable to common stockholders	2,215	−381	−1,569	−1,346	−520
Earnings (loss) from continuing operations per share	1.16	−1.27	−3.39	−7.18	−2
Earnings (loss) from discontinued operations per share	8.93	−0.51	−4.05	0.69	−0.55
Earnings (loss) per share	10.09	−1.78	−7.44	−6.49	−2.55
Earnings (loss) from continuing operations per share	1.11	−1.27	−3.39	−7.18	−2
Earnings (loss) from discontinued operations per share	8.52	−0.51	−4.05	0.69	−0.55
Earnings (loss) per share	9.63	−1.78	−7.44	−6.49	−2.55
Basic	220	214	211	207	204
Diluted	230	214	211	207	204

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2024 2024-09-30	FY 2024 2024-06-30	FY 2024 2024-03-31
Cash and cash equivalents	754	404	—	—	—
Accounts receivable, net of allowance for doubtful accounts of $1.6 and $1.6, respectively	350	252	—	—	—
Inventories, net	310	403	—	—	—
Prepaid expenses and other current assets	57	89	—	—	—
Current assets held for sale	4,325	2,336	—	—	—
Total current assets	5,796	3,485	—	—	—
Property, plant and equipment, net of accumulated depreciation of $174.5 and $255.8, respectively	59	82	—	—	—
Goodwill	765	760	—	—	—
Other intangible assets, net	839	979	—	—	—
Deferred income taxes	1,766	432	—	—	—
Other noncurrent assets	147	150	—	—	—
Noncurrent assets held for sale	0	2,860	—	—	—
Total assets	9,371	8,748	—	—	—
Accounts payable	213	123	—	—	—
Accrued and other liabilities	498	457	—	—	—
Current liabilities held for sale	784	649	—	—	—
Total current liabilities	1,496	1,230	—	—	—
Long-term debt	7,260	9,238	—	—	—
Deferred income taxes	67	91	—	—	—
Other noncurrent liabilities	274	321	433	417	420
Noncurrent liabilities held for sale	0	96	—	—	—
Total liabilities	9,096	10,976	10,951	10,974	10,835
Commitments and contingencies	—	—	—	—	—
Series A convertible preferred stock, $0.01 par value	1,279	1,227	—	—	—
Preferred stock, $0.01 par value: Authorized shares: 200,000,000; Issued and outstanding shares: 1,278,653 and 1,227,328, respectively, Series A convertible preferred stock	0	0	—	—	—
Common stock, $0.01 par value: Authorized shares: 1,300,000,000; Issued and outstanding shares: 223,260,316 and 215,887,001, respectively	2	2	—	—	—
Additional paid-in capital	2,488	2,514	—	—	—
Accumulated deficit	−3,041	−5,325	5,329	5,296	5,340
Accumulated other comprehensive loss	−119	−345	—	—	—
Treasury stock, at cost: 18,665,426 shares and 15,647,303 shares, respectively	−335	−304	—	—	—
Total stockholders' deficit	−1,004	−3,456	−3,351	−3,347	−3,360
Total liabilities and stockholders' deficit	9,371	8,748	—	—	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income (loss)	2,284	−316	−1,507	−1,287	−463
Depreciation and amortization	277	371	561	696	786
Equity-based compensation	43	29	47	61	80
Deferred income taxes	−1,350	65	−181	−118	−148
Asset impairments	0	19	1,244	1,120	14
(Gain) loss on disposal of discontinued operations	−869	28	0	—	—
Accounts receivable	−281	−138	472	−16	−60
Inventories	−92	153	391	−179	−360
Prepaid expenses and other current assets	9	−56	45	31	3
Accounts payable and other accrued liabilities	326	144	−720	−43	256
Other noncurrent assets	−49	−21	−27	8	−46
Other noncurrent liabilities	−38	−18	76	−89	8
Other	64	13	−104	6	50
Net cash generated by operating activities	323	273	297	190	122
Additions to property, plant and equipment	−70	−25	−61	−101	−131
Proceeds from sale of property, plant and equipment	10	200,000	71	100,000	13
Net proceeds from divestitures	2,042	0	0	—	—
Acquisition of a business	0	−45	0	0	—
Other	0	13	20	19	−500,000
Net cash generated by (used in) investing activities	1,982	−57	31	−82	−137
Long-term debt repaid	−2,049	−4,339	−32	−365	−1,282
Long-term debt repurchases	0	0	−143	0	0
Long-term debt proceeds	50	4,350	0	333	1,250
Cash paid for debt discount	0	−59	0	0	—
Debt issuance costs	−6	−33	0	−7	−12
Dividends paid on Series A convertible preferred stock	−18	0	0	−15	−43
Tax withholding payments for vested equity-based compensation awards	−31	−2	−9	−15	−26
Other	0	0	2	4	3
Net cash used in financing activities	−2,054	−83	−182	−65	−140
Effect of exchange rate changes on cash and cash equivalents	9	−13	−800,000	−5	−8
Change in cash and cash equivalents	260	120	146	38	−162

Filings

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